Section 765 ILCS 1026/15-806 - Escheat of certain abandoned State agency moneysProperty presumed abandoned where the administrator reasonably believes the owner is a State agency as defined in the Illinois State Auditing Act, shall escheat to the State and shall be deposited into the General Revenue Fund if all of the following apply:
(1) the administrator has provided written notice to the State agency pursuant to subsection (c) of Section 15-504 at least 3 times in at least 3 different calendar years;(2) it has been more than 3 years since the administrator first provided written notice to the State agency pursuant to subsection (c) of Section 15-504; and(3) the State agency has not initiated a claim or otherwise expressed an indication of interest in the property.Added by P.A. 103-0148,§ 25, eff. 6/30/2023.