Pennsylvania Treasury

Government & Politics
3:00 am
Mon February 17, 2014

PA Treasurer Weighs in on Corbett's Proposed Changes to Unclaimed Property Law

The state treasurer says part of the governor’s proposal to change the unclaimed property law should come with ramped-up enforcement of the state’s property law.

Gov. Tom Corbett’s budget assumes $150 million from a plan to shorten the holding time of unclaimed and inactive property, like bank accounts and insurance policies.

Treasurer Rob McCord, a Democrat also running for governor, said there are upsides and downsides to the plan.

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