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U.S. Code as of:
01/19/04
Section 1322. Payments of unclaimed trust fund amounts and refund of amounts erroneously deposited
(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.
(c)(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.
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