§ 1322. Payments of unclaimed trust fund amounts and refund of amounts erroneously deposited
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(a)On September 30 of each year, the Secretary of the Treasury shall transfer to the Treasury trust fund receipt account “Unclaimed Moneys of Individuals Whose Whereabouts are Unknown” that part of the balance of a trust fund account named in section 1321(a)(1)–(82) of this title or an analogous trust fund established under section 1321(b) of this title that has been in the fund for more than one year and represents money belonging to individuals whose whereabouts are unknown. Subsequent claims to the transferred funds shall be paid from the account “Unclaimed Moneys of Individuals Whose Whereabouts are Unknown”.
(b)Except as provided in subsection
(c)of this section, necessary amounts are appropriated to the Secretary of the Treasury to make payments from—
(1)the Treasury trust fund receipt account “Unclaimed Moneys of Individuals Whose Whereabouts are Unknown”; and
(2)the United States Government account “Refund of Moneys Erroneously Received and Covered” and other collections erroneously deposited that are not properly chargeable to another appropriation.
(1)The Secretary of the Treasury shall hold in the Treasury trust fund receipt account “Unclaimed Moneys of Individuals Whose Whereabouts Are Unknown” the balance remaining after the final distribution of unclaimed Postal Savings System deposits under subsection
(a)of the first section of the Act of August 13, 1971 (Public Law 92–117; 85 Stat. 337). The Secretary shall use the balance to pay claims for Postal Savings System deposits without regard to the State law or the law of other jurisdictions of deposit concerning the disposition of unclaimed or abandoned property.
(2)Necessary amounts may be appropriated without fiscal year limitation to the trust fund receipt account to pay claims for deposits when the balance in the account is not sufficient to pay the claims made within the time limitation set forth in paragraph
(3)of this subsection.
(3)No claim for any Postal Savings System deposit may be brought more than one year from the date of the enactment of the Postal Savings System Statute of Limitations Act.
(4)The United States Postal Service shall assist the Secretary of the Treasury in providing public notice of the time limitation set forth in paragraph
(3)of this subsection by posting notices thereof in all post offices as soon as practicable after the date of the enactment of the Postal Savings System Statute of Limitations Act.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 922; Pub. L. 98–359, § 2, July 13, 1984, 98 Stat. 402.)
In subsection (a), the words “directed to be established in section 725p of this title” are omitted as surplus.
In subsection (b), before clause (1), the words “Secretary of the Treasury” are substituted for “Treasury Department” for consistency. The words “out of any money in the Treasury not otherwise appropriated” in 31:725q–1 are omitted as surplus. In clause (1), the words “of the character formerly chargeable to the appropriation accounts abolished under section 725p of this title” in 31:725p–1 are omitted as unnecessary because of the restatement. In clause (2), the words “United States Government account ‘Refund of Moneys Erroneously Received and Covered’ ” are substituted for “of the character formerly chargeable to the appropriation accounts abolished under section 725q of this title” in 31:725q–1 for clarity and to eliminate unnecessary words.
In subsection (c)(1), the words “claims for . . . deposits” are substituted for “claims by or on behalf of depositors” to eliminate unnecessary words. The text of section 1(a) of the Act of August 13, 1971 (Pub. L. 92–117, 85 Stat. 337), is omitted as executed.
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- Public Law 93–344To establish a new congressional budget process; to establish Committees on the Budget in each House; to establish a Congressional Budget Office; to establish a procedure providing congressional control over the impoundment of funds by the executive branch; and for other purposes
- Private Law 96–120For the relief of Lynn Rufus Pereira
- Private Law 95–24For the relief of Mark Charles Mieir and Liane Maria Mieir
- Private Law 96–42For the relief of Rolando R
- Public Law 96–5To provide for a temporary increase in the public debt limit, and for other purposes
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- Private Law 94–141For the relief of Song Chan Ki
- Private Law 95–170For the relief of Gary Daves and Marc Cayer
- Public Law 95–523To translate into practical reality the right of all Americans who are able, willing, and seeking to work to full opportunity for useful paid employment at fair rates of compensation; to assert the responsibility of the Federal Government to use all practicable programs and policies to promote full
- Public Law 98–396Making supplemental appropriations for the fiscal year ending September 30, 1984, and for other purposes
- Private Law 94–27For the relief of Jana Hlavaty
- Public Law 98–359To establish a one-year limitation on the filing of claims for unpaid accounts formerly maintained in the Postal Savings System
- Public Law 96–78To provide for a temporary increase in the public debt limit, and to amend the Rules of the House of Representatives to make possible the establishment of the public debt limit in the future as a part of the congressional budget process
- Public Law 97–258To revise, codify, and enact without substantive change certain general and permanent laws, related to money and finance, es title 31, United States Code, “Money and Finance”
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- Public Law 92–117
- 85 Stat. 337
- Pub. L. 97–258
- 96 Stat. 922
- Pub. L. 98–359, § 2
- 98 Stat. 402
- section 725p of this title
- section 725q of this title
- section 1(a) of the Act of August 13, 1971
- Pub. L. 92–117
- Pub. L. 97–258, § 5(b)
- 96 Stat. 1081
- Pub. L. 98–359
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§ 1322
Payments of unclaimed trust fund amounts and refund of amounts erroneously deposited
Stat.×23
Fed. Reg.×10
U.S.C.×10
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Pub. L.Public Law 92–117
Stat.85 Stat. 337
Pub. L.Pub. L. 97–258
Stat.96 Stat. 922
Pub. L.Pub. L. 98–359, § 2
Cites 14 · showing 6Cited by 48 across 4 sources