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30:4C-37 - Checks, drafts or warrants held for more than a year; special moneys fund

30:4C-37.  Checks, drafts or warrants held for more than a year; special moneys fund    Whenever the Bureau of Childrens Services shall have issued, or shall hereafter issue, any checks, drafts or warrants to be paid from moneys received  from the Federal Government, the State, or any county of this State for the  cost of maintenance, and such checks, drafts or warrants shall not be cashed  for a period of 1 year from the date of issue, the following procedure shall be  taken:

    (a) The Bureau of Childrens Services shall give due notice to the bank on which such checks, drafts or warrants were issued that no payment shall be made  thereon.

    (b) The Bureau of Childrens Services shall then from time to time deposit in  a special fund moneys in an amount equal to that represented by such checks,  drafts or warrants, which moneys shall be held for the payments of such checks,  drafts or warrants.  Such special fund shall be in the custody and control of  the Bureau of Childrens Services.

    (c) The moneys so deposited shall be maintained in such special fund for a period of 6 years from the date of deposit, and, if still unclaimed after that time by anyone having a legal right thereto, shall be credited to the Federal Government, the State, or any county of this State in the same proportion as such moneys were received by the Bureau of Childrens Services in the original instance.

    Whenever the Bureau of Childrens Services shall have credited any moneys to  the Federal Government, the State or any county of this State pursuant to the  provisions of this section, it shall thereupon be free of all obligations as to  those checks, drafts or warrants for which such moneys have been held for  payment.

     L.1951, c. 138, p. 590, s. 37.  Amended by L.1962, c. 197, s. 38.
 

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