Property 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 and the Governor's Office of Management and Budget pursuant to subsection (c) of Section 15-504; (2) it has been more than 1 year since the administrator first provided written notice to the State agency pursuant to subsection (c) of Section 15-504; (3) the State agency has not initiated a claim or otherwise expressed an indication of interest in the property; and (4) the administrator provides written notice of the escheat to the Director of the Governor's Office of Management and Budget. the State agency and the Governor's Office of Management and Budget pursuant to subsection (c) of Section 15-504; administrator first provided written notice to the State agency pursuant to subsection (c) of Section 15-504; otherwise expressed an indication of interest in the property; and escheat to the Director of the Governor's Office of Management and Budget. (765 ILCS 1026/Art. 9 heading) ARTICLE 9. CLAIM TO RECOVER PROPERTY FROM ADMINISTRATOR
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