Adopt new policy for handling unclaimed city checks and refunds

Unclaimed Funds PolicyGovernance

In Plain English

The city currently lacks formal rules for dealing with uncashed checks and unclaimed refunds. The new policy allows Richmond to keep money from checks uncashed for 3 years instead of sending it to the state. If approved, the city publishes newspaper notices before claiming funds over $15.

Auto-generated summary. Source: official agenda documents.