New York Senate Bill S00994 directs the Office of the New York State Comptroller to study the feasibility of automatically returning unclaimed funds.

New York Senate Bill S00994 mandates the Office of the New York State Comptroller to conduct a study on the feasibility of automatically returning unclaimed funds to their rightful owners without requiring the owners to apply for their return. The study will cover both current and future unclaimed funds held by the comptroller's office. By January 1, 2026, the Comptroller must submit a report to the Governor, the Temporary President of the Senate, the minority leader of the Senate, the Speaker of the Assembly, and the minority leader of the Assembly.

New York Senate Bill S00994 directs the Office of the New York State Comptroller to study the feasibility of automatically returning unclaimed funds.

New York Senate Bill S00994 mandates the Office of the New York State Comptroller to conduct a study on the feasibility of automatically returning unclaimed funds to their rightful owners without requiring the owners to apply for their return. The study will cover both current and future unclaimed funds held by the comptroller's office. By January 1, 2026, the Comptroller must submit a report to the Governor, the Temporary President of the Senate, the minority leader of the Senate, the Speaker of the Assembly, and the minority leader of the Assembly.