A bill to amend title 10, United States Code, to provide for more efficient and expeditious disposal of lost, abandoned, and unclaimed property in the custody of the military departments.

[AI summary unavailable — showing source text] Revises procedures regarding the disposal of unclaimed property which comes into the custody of a military department. Reduces the period after which the owner is notified that the property is in the custody of a military department before the property may be disposed of. Stipulates that property with a value of more than $200 may not be disposed of for 30 days in the event the owner cannot be ascertained (previously property worth $25 or more could not be disposed of for three months).…