State Comptroller: State wants to return unclaimed funds
Posted at: 03/06/2013 3:45 AM | Updated at: 03/06/2013 12:40 PM
State Comptroller Thomas DiNapoli says the state wants to return $12 billion in unclaimed money to its rightful owners.
Events are being held across the state this month where New Yorkers can find out if some of the money is theirs. Residents can also check for unclaimed funds online at http://www.osc.state.ny.us/ouf/index.htm
The first event is scheduled for 5 p.m. Wednesday at Westminster Community Charter School in Buffalo.
The unclaimed funds are from inactive accounts at banks, insurance companies, utilities and other businesses that are required by state law to surrender the unclaimed money to the state. If the money isn't claimed, it's used by the state's general fund.