Senate Bill S899

2011-2012 Legislative Session

Relates to the publication by the state of the receipt of unclaimed funds

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2011-S899 - Details

Current Committee:
Assembly Ways And Means
Law Section:
Abandoned Property Law
Laws Affected:
Amd §§1402 & 1416, Ab Prop L; amd §103, St Tech L
Versions Introduced in Other Legislative Sessions:
2009-2010: S3193
2013-2014: S1303

2011-S899 - Summary

Relates to the publication by the state of the receipt of unclaimed funds.

2011-S899 - Sponsor Memo

2011-S899 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   899

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by Sen. STAVISKY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the abandoned property law and the state technology law,
  in relation to unclaimed funds

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  1  of section 1402 of the abandoned property
law, as added by chapter 261 of the laws of 1978, is amended to read  as
follows:
  1. (a) [The state comptroller shall publish:
  (i)  in  an  issue  of  the  state  bulletin published in the month of
September, nineteen hundred seventy-nine or  in  a  September,  nineteen
hundred  seventy-nine issue of another publication selected by the comp-
troller, a statement of abandoned property paid to and held by the state
for the period beginning on June first, nineteen  hundred  seventy-eight
and ending on November thirtieth, nineteen hundred seventy-eight;
  (ii)  in  an  issue  of  the  state bulletin published in the month of
March, nineteen hundred eighty, or in a March issue of another  publica-
tion selected by the comptroller, a statement of abandoned property paid
to  and  held  by  the state for the period beginning on December first,
nineteen hundred seventy-eight and ending on May thirty-first,  nineteen
hundred seventy-nine.
  (b)  In  each  succeeding]  EACH  September and March, the state comp-
troller shall publish[, in the manner provided for in paragraph  (a)  of
this  subdivision]  IN  A NEWSPAPER, AS PROVIDED BY SECTION ONE THOUSAND
FOUR HUNDRED TEN OF THIS ARTICLE, A STATEMENT OF ABANDONED PROPERTY PAID
TO AND HELD BY THE STATE, for the respective annual periods June  first,
through November thirtieth and December first, through May thirty-first.
  (B) EACH AND EVERY TIME THE COMPTROLLER PUBLISHES A STATEMENT PURSUANT
TO  PARAGRAPH  (A) OF THIS SUBDIVISION, HE OR SHE SHALL INCLUDE A NOTICE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

2011-S899A (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Abandoned Property Law
Laws Affected:
Amd §§1402 & 1416, Ab Prop L; amd §103, St Tech L
Versions Introduced in Other Legislative Sessions:
2009-2010: S3193
2013-2014: S1303

2011-S899A (ACTIVE) - Summary

Relates to the publication by the state of the receipt of unclaimed funds.

2011-S899A (ACTIVE) - Sponsor Memo

2011-S899A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 899--A
    Cal. No. 655

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by Sen. STAVISKY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance -- recommitted  to
  the  Committee  on Finance in accordance with Senate Rule 6, sec. 8 --
  reported favorably from said committee, ordered to  first  and  second
  report,  ordered  to  a  third reading, amended and ordered reprinted,
  retaining its place in the order of third reading

AN ACT to amend the abandoned property law and the state technology law,
  in relation to unclaimed funds

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (b) of subdivision 1 of section 1402 of the aban-
doned  property  law is relettered paragraph (c) and a new paragraph (b)
is added to read as follows:
  (B) IN ADDITION TO THE LIST REQUIRED BY PARAGRAPH (A) OF THIS SUBDIVI-
SION, EACH SEPTEMBER AND MARCH, THE STATE COMPTROLLER SHALL PUBLISH IN A
NEWSPAPER, AS PROVIDED BY SECTION ONE THOUSAND FOUR HUNDRED TEN OF  THIS
ARTICLE,  A  STATEMENT  OF  ABANDONED  PROPERTY  PAID TO AND HELD BY THE
STATE, FOR THE RESPECTIVE ANNUAL PERIODS JUNE  FIRST,  THROUGH  NOVEMBER
THIRTIETH  AND DECEMBER FIRST, THROUGH MAY THIRTY-FIRST.  EACH AND EVERY
TIME THE COMPTROLLER PUBLISHES SUCH A STATEMENT, HE OR SHE SHALL INCLUDE
A NOTICE THAT READERS MAY OBTAIN A LARGE PRINT  COPY  OF  THE  UNCLAIMED
FUNDS  LIST  BY  WRITING  THE  COMPTROLLER'S  OFFICE  OR  HAVE  A SEARCH
CONDUCTED FOR THEM BY CALLING A  DESIGNATED  NUMBER.  THIS  NOTICE  MUST
APPEAR  IN  TYPEFACE  AND  FONT-SIZE  ESTABLISHED  BY THE NEW YORK STATE
OFFICE FOR TECHNOLOGY TO ASSIST THE VISUALLY IMPAIRED  AND  INCLUDE  THE
PHONE  NUMBER  AND  MAILING  ADDRESS TO THE NEW YORK STATE OFFICE OF THE
STATE COMPTROLLER, OFFICE OF UNCLAIMED FUNDS.
  S 2. Subdivision 1 of section 1416 of the abandoned property  law,  as
added by chapter 173 of the laws of 1980, is amended to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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