All interest received and other income derived from the investment of moneys in the Unclaimed Property Fund, as provided in Section 13470 of the Government Code, shall, on order of the Controller, be deposited in the General Fund.
§ 1318.Deposit of Interest and Other Income Derived From Investment of Money In Fund
Title 10. Unclaimed Property · Chapter 2. Receipt and Expenditure of Funds · Article 1. Deposit of Unclaimed Property · Last amended 1978 · Last verified July 29, 2026
In one sentenceSection 1318 requires the Controller to order all interest and other income earned from investing money in the Unclaimed Property Fund, as authorized by Government Code Section 13470, to be deposited in the General Fund.
Full Text of § 1318
Plain-English Summary
Money sitting in the Unclaimed Property Fund does not just sit idle -- Government Code Section 13470 lets the state invest it, and that investment generates interest and other income. This section says where that investment income goes.
All interest received, and any other income the investment produces, gets deposited in the General Fund on the Controller's order. Unlike the underlying deposits themselves, which stay traceable to the person who may eventually claim them, the earnings those deposits generate flow to the state's general coffers rather than being credited back to individual claimant accounts.
Frequently Asked Questions
Where does interest earned on the Unclaimed Property Fund's invested money go?
To the General Fund, on order of the Controller.
Does a claimant later recovering their property also get a share of the investment income it generated?
No -- this section sends that investment income to the General Fund rather than crediting it to the individual account tied to the underlying property.
Amendment History
Amended by Stats. 1978, Ch. 1183.
Source & verification. Section text is reproduced verbatim from
the Deering's California Codes Annotated / vLex. Enacted by the California Legislature.
Last verified July 29, 2026.
· Official source
Also known as: investment income unclaimed property fundgovernment code 13470 general fund interest