§ 143-271. Claims certified to State Treasurer; payment; escheat of balance to University of North Carolina. - North Carolina Statutes

§ 143‑271.  Claimscertified to State Treasurer; payment; escheat of balance to University ofNorth Carolina.

The Secretary of Administration shall certify to the State Treasurer aschedule of all claims approved or disapproved, and after one year from thetime at which the board or agency became inoperative under the law, the StateTreasurer shall, out of the funds in his hands for the account of such board oragency, pay all approved claims in full, or if such funds are insufficient forfull payment, then he shall equally prorate said claims and make partialpayment insofar as funds are available. Should any balance remain in the handsof the Treasurer after the payment of all approved claims, such balance shallescheat and be paid over to the University of North Carolina, to be held inaccordance with the statutes governing escheats. (1949, c. 740, s. 5; 1975, c. 879, s. 46.)