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Unclaimed Money: Proposals for Transferring Unclaimed Funds to States

AFMD-89-44 Published: May 09, 1989. Publicly Released: May 09, 1989.
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Highlights

In response to a congressional request, GAO provided information on proposed legislation that would require the federal government to transfer certain unclaimed money to the states, focusing on: (1) existing laws that address unclaimed funds; and (2) the effect that the proposed legislation would have on those statutes and the federal budget.

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Budget outlaysClaims settlementDebt subject to statutory limitationstate relationsPersonal propertyProposed legislationSpecial fund accountsSurplus propertyTax refundsFederal property