VETOES

(1)     identify each check that:
(i) has been issued against the money of the State; and
(ii) has remained unpresented for 2 years;

(2)     [certify to the Comptroller for each check:
(i) the amount;
(ii) the date of issue;
(iii) the number;

(iv) the name of the payor bank; and
(v) the name of the payee; and

(3)     ask the Comptroller to:

(i) certify the amount of the check; and

(ii) credit that amount to the Fund] REQUEST THE COMPTROLLER
TO CREDIT THE AGGREGATE AMOUNT OF THE CHECKS TO THE FUND.

(d)     At the end of each fiscal year, the Treasurer shall:

(1)     determine a reasonable minimum balance TO RETAIN IN THE FUND
that will be needed to honor each check that is presented after its amount has been
credited to the Fund; and

(2)     [obtain a warrant] REQUEST THE COMPTROLLER to transfer the
balance in the Fund to the General Fund of the State.

(e)     After the amount of a check has been credited to the Fund, on a warrant
charged against the Fund, the Treasurer, the Chief Deputy Treasurer, or a deputy
treasurer [shall] MAY reissue a check that is presented [within 7 years after the date
of issue] FOR PAYMENT.

(f)      [A check that remains unpresented for 7 years after the date of issue is
void and the Treasurer, the Chief Deputy Treasurer, or a deputy treasurer may not
reissue the check] AS REQUIRED BY STATE OR FEDERAL LAW, OR AS CONSIDERED
PROPER BY THE TREASURER, THE TREASURER, THE CHIEF DEPUTY TREASURER, OR A
DEPUTY TREASURER SHALL:

(1)      VOID AN UNPRESENTED CHECK; AND

(2)      REQUEST THE COMPTROLLER TO TRANSFER THE AMOUNT OF THE
VOIDED CHECK TO:

(I)      THE ORIGINAL SOURCE OF THE MONEY; OR

(II)     ANOTHER FUND OR ACCOUNT.

- 2818 -

S.B. 434