Regarding the distribution of unclaimed property to local governments.

HB 1953 changes how unclaimed property (like forgotten bank accounts or checks) is distributed to local governments in Washington State. It requires the state administrator to notify local governments annually about unclaimed property they might be entitled to, including details like value and conditions. The bill streamlines the claiming process for local governments by allowing the administrator to bypass standard owner verification if the property belongs to a local government and they reasonably believe the government is entitled to it. This applies to property reported under existing state rules and takes effect January 1, 2026. The bill directly affects cities, counties, and other local governments that may receive previously unclaimed funds.