The adoption of the Uniform Act provisions also resulted in some substantive changes from the earlier Kentucky Unclaimed Property Act. For example:
- The dormancy period for money orders has increased from 3 years to 7 years;
- The dormancy "trigger" for securities has changed from inactivity to a returned mail standard;
- Stored value cards are now expressly covered by the Act, with a dormancy period of 3 years from December 31 of the year or issuance or last activity.
In addition to implementing the 2016 Uniform Unclaimed Property Act, the new law also requires the State Treasurer to submit a report to the legislature regarding the "status of the abandoned property fund" at the end of the year.