District Of Columbia § 41-123 - Deposit of funds.

All funds received or kept under this chapter after the 2 year period described in subsection (a) of this section, including the proceeds from the sale of abandoned property under , shall be deposited by the Mayor in the General Fund of the District government, except that the Mayor shall retain in a separate trust fund an amount not less than $100,000 in order to make prompt payment of claims duly allowed by the Mayor as provided by this chapter. Any monies unexpended at the end of a fiscal year shall revert to the unrestricted fund balance of the General Fund of the District of Columbia.

Before making the deposit the Mayor shall record at least the name and last known address of each person appearing from the holders’ reports to be entitled to the abandoned property and of the name and last known address of each insured person or annuitant, and beneficiary and, with respect to each policy or contract listed in the report of a life insurance corporation, the policy or contract number, and the name of the corporation.

The record shall be available for public inspection during regular business hours. The Mayor of the District of Columbia is authorized to establish and collect reasonable fees for services rendered by the Department of Finance and Revenue for the searching and reproduction of records and other services as may, in the judgment of the Mayor, be necessary to defray the cost of providing services.

Any costs in connection with the sale of abandoned property, or with the disposition by other means of abandoned property under ;

Any costs of mailing and publication in connection with any abandoned property;

Reasonable service charges; and

The costs incurred in examining records of holders of abandoned property and collecting such property from such holders.