(WHTM)– The Pennsylvania Treasury Department announced that for the first time in state history, it has returned more than $500 million in unclaimed property over two consecutive years.

According to Pennsylvania Treasurer Stacy Garrity, $505.7 million was returned in the fiscal years 2022-23 and 2023-2024. In the 2022-23 year, the department broke the single-year record of $273.7 million.

“Returning more than half a billion dollars in just two years is tremendous. Every dollar we return to Pennsylvania families is money they can use to buy groceries, fill up their cars with gas, or pay their rent or mortgage. Our unclaimed property team keeps doing amazing work – and we’re not slowing down.”

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Garrity also addressed how new laws will improve Pennsylvania’s unclaimed property program.

Act 81 of 2024, sponsored by Sen. John DiSanto (R-15), Rep. Ryan Bizzarro (D-3), and Rep. Marla Brown (R-9), will enable the Treasury to return single-owner properties valued up to $500 automatically, according to Garrity.

Act 65 of 2024 will make it easier for heirs to claim the unclaimed property of deceased relatives, Garrity added.

Check online to see if any unclaimed property is available for you, your business, nonprofit, or local government agency.

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