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