44-313. Deposit of monies
A. Except as otherwise provided in this section or section 44-314, the department
shall deposit, pursuant to sections 35-146 and 35-147, in the state general fund all
monies received pursuant to this chapter, including the proceeds from the sale of
abandoned property pursuant to section 44-312, except that:
1. The first ten million five hundred thousand dollars of the monies shall be
deposited each fiscal year in the housing trust fund established by section 41-3955.
2. The second twenty-four million five hundred thousand dollars of the monies shall
be deposited each fiscal year in the department of revenue administrative fund
established by section 42-1116.01.
B. The department shall deposit monies from unclaimed shares and dividends of any
corporation incorporated under the laws of this state in the permanent state school fund
pursuant to article XI, section 8, Constitution of Arizona.
C. The department shall deposit monies from unclaimed victim restitution payments
in the victim compensation and assistance fund established by section 41-2407 for the
purpose of establishing, maintaining and supporting programs that compensate and assist
victims of crime.
D. The department shall retain in a separate trust fund at least one hundred
thousand dollars from which the department shall pay claims.
E. Before making the deposit, the department shall record the name and last known
address of each person who appears from the holders' reports to be entitled to the
property and the name and last known address of each insured person or annuitant and
beneficiary. The department shall also record the policy or contract number of each
policy or contract of an insurance company that is listed in the report, the name of the
company and the amount due. The department shall make the record available for public
inspection during reasonable business hours.
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