Open work item in PB work tray
GA Adjustment
Direct Aid to Public Education (197)
Request Title Literary Fund - Sale of Unclaimed Property
Biennium 2014-2016
Budget Round Initial Bill
Half Sheet Number 136#8s
Description

This amendment accounts for an additional $25 million in anticipated revenue from the sale of unclaimed property as Treasury begins final due diligence efforts to locate owners on the last group of accounts related to the large demutualizations of insurance companies between 2003 and 2008. Treasury estimates that during FY 2015 it will be able to identify and liquidate sufficient shares of stock, together with the accrued dividends, to transfer $25 million in unclaimed property proceeds to the Literary Fund, similar to the transfers in 2009 and 2010 from the first deliveries of demutualization proceeds.

Funding Details
By Program Program Code Program Title FY 2014 FY 2015
  178 State Education Assistance Programs $0 $0
By Fund Fund Code Fund Title FY 2014 FY 2015
  0100 General Fund ($25,000,000) $0
  0702 Literary Fund $25,000,000 $0
Authorized Position Details
By Program Program Code Program Title FY 2014 FY 2015


p3_opview - Official Enacted Budget View Operating Bullet Details - 07-18-2025 17:39:41