New York State Assembly

Bill No.:  

 
•  Summary 
 
•  Actions 
 
•  Committee Votes 
 
•  Floor Votes 
 
•  Memo 
 
•  Text 
 
•  LFIN 
 
•  Chamber Video/Transcript 

---

A09387 Summary:

BILL NO	A09387
SAME AS	SAME AS S08387
SPONSOR	Thiele
COSPNSR
MLTSPNSR
Directs the Office of the New York State Comptroller to conduct a study on the feasibility of automatically returning unclaimed funds held by such office to the rightful owners of such funds; requires a report of its findings and legislative recommendations.

Go to top    

---

A09387 Actions:

BILL NO	A09387
03/06/2024	referred to governmental operations

Go to top

---

A09387 Committee Votes:

Go to top

---

A09387 Floor Votes:

Go to top

---

A09387 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9387
 
                   IN ASSEMBLY
 
                                      March 6, 2024
                                       ___________
 
        Introduced by M. of A. THIELE -- read once and referred to the Committee
          on Governmental Operations
 
        AN ACT to direct the Office of the New York State Comptroller to conduct
          a  study on the feasibility of automatically returning unclaimed funds
          held by such office to the rightful owners of such funds and to deliv-
          er a report of its findings

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  (a)  The  Office  of the New York State Comptroller shall
     2  conduct a study on the feasibility of automatically returning  unclaimed
     3  funds  held  by  such  office to the rightful owners of such funds imme-
     4  diately upon receipt of the funds by the comptroller's office and  with-
     5  out  having the rightful owner of the funds apply for their return.  The
     6  study shall include the potential automatic return  of  unclaimed  funds
     7  currently  held  by  the comptroller's office and such funds received by
     8  the office in the future.
     9    (b) No later than January 1, 2025, the Office of the  New  York  State
    10  Comptroller  shall deliver a report of its findings to the Governor, the
    11  Temporary President of the Senate, the minority leader  of  the  Senate,
    12  the  Speaker  of  the  Assembly and the minority leader of the Assembly.
    13  Such report shall include the results of the study  and  recommendations
    14  for  any  legislative  action  that  would be required to make unclaimed
    15  funds automatically returned to the rightful owner of the funds.
    16    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13036-01-3

Go to top