New York S 994: 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

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S00994 Summary:

BILL NOS00994 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORROLISON

&nbsp

COSPNSRHELMING

&nbsp

MLTSPNSR

&nbsp

&nbsp

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 S00994 Actions:

BILL NOS00994 

&nbsp

01/08/2025REFERRED TO FINANCE

01/07/2026REFERRED TO FINANCE

Go to topS00994 Committee&nbspVotes:

Go to topS00994 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00994 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 994

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

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

 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, 2026, 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.
 LBD02818-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps