Modifying provisions of the revised uniform unclaimed property act.

Extended the reporting deadline for excess proceeds from self-service storage sales and excess income from tenant property sales from six months to one year after the event.

Lowered the minimum value threshold for sending owner notification letters from $75 to $50, ensuring owners receive notice on smaller amounts of unclaimed property.

Added new requirements for holders to liquidate virtual currency within 30 days before filing reports and to report the liquidated proceeds.

Removed the requirement that dormancy charges must be authorized by a valid contract between the holder and owner, allowing charges based on other factors if not unconscionable.

Added a new definition for 'stored value card' to clarify that the net card value is the amount presumed abandoned.

Added specific definitions for 'contract beneficiary', 'contract purchaser', and 'funeral establishment' to clarify who owns prearranged funeral contracts for reporting purposes.

Updated the definition of 'prearrangement funeral service contract' to explicitly state the obligation to furnish services upon the death of the named person.

Changed the effective date for new reporting and notice requirements from January 1, 2026 (Sections 7 and 9-11) to January 1, 2026 (Sections 8-12), while moving other sections to apply retroactively to 2023.