Sec. 119.1. Background

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WHEREAS, Section 1406 of the Abandoned Property Law directs that the Comptroller, upon receipt of an application within four months of the issuance of a written determination denying a claim for the refund of abandoned property, shall hold a hearing to review and redetermine such claim; and
WHEREAS, Section 301 of the State Administrative Procedure Act mandates that agencies shall adopt rules governing the procedures on adjudicatory proceedings and appeals; and
WHEREAS, Section 1414 of the Abandoned Property Law authorizes the Comptroller to make such rules and regulations as he may deem necessary to enforce the provisions of the Abandoned Property Law, it is, therefore, hereby:
Determined that the following regulations shall be promulgated to determine the procedures which shall be observed and the rules which shall be followed for the scheduling of and conduct of such hearings.

                    
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