Owed unclaimed funds?
Free Unclaimed Funds events are planned in Rome and Utica on Friday, April 27 to allow area residents the chance to find out if they are entitled to any unclaimed funds now being held by the state.
Assemblyman Anthony J. Brindisi, D-116, Utica, and State Comptroller Thomas P. DiNapoli will host the events from 2-4 p.m. at Jervis Public Library, 613 N. Washington St., and from 10 a.m. to noon at Utica Public Library, 303 Genesee St.
For the protection of New York residents, banks, insurance companies, utilities, investment companies and several other businesses are required under state law to surrender inactive accounts to the state. These accounts are known as "lost," "abandoned" or "unclaimed" funds. About 35 percent of the fund come from banks. The state Comptroller’s office serves as custodian of the money, and if a resident can prove they are entitled to it, they will receive it at any time without charge.
Last year, $701 million in cash was received by the state comptroller, while $296 million was paid. More than 600,000 accounts were claimed and processed, with more than 60 percent claimed online. For more information on the event, contact Brindisi’s district office at 732-1055.