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This entry was published on 2014-09-22
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Amounts of unpaid checks, drafts or debit cards to be paid into abandoned property fund
State Finance (STF) CHAPTER 56, ARTICLE 7
§ 102. Amounts of unpaid checks, drafts or debit cards to be paid into
abandoned property fund. Upon audit and statement of the comptroller,
the amounts of all checks or drafts on bank accounts of any funds of the
state, and the amounts of all debit cards issued on behalf of the state
for the purpose of paying a tax refund which checks or drafts have not
been paid or which debit cards have not been activated and which shall
have been outstanding for more than one year from the respective dates
thereof, shall be paid into the abandoned property fund pursuant to
subdivision four of section one thousand three hundred fifteen of the
abandoned property law. The proper disbursing officers or agents of such
funds shall notify the bank or banks on which such checks, drafts or
debit cards were drawn not to pay or permit the activation of the same.
The comptroller shall keep a record of all such checks, drafts or debit
cards and upon presentation to him by the lawful holder of any such
check, draft or debit card at any time, the amount of which shall thus
have been paid into the state treasury to the credit of the general
fund, the comptroller, to the extent appropriations are available, shall
issue a new check, draft or electronic payment to the payee upon
submission of proof satisfactory to the comptroller as to the legitimacy
of the claim and, if insufficient appropriations are available, shall
include in his next request for appropriations by the legislature the
amount or amounts of any such checks, drafts or debit cards so presented
to him, for the purpose of payment without interest to the lawful holder
or holders thereof.