Section 308.1 - Replacement checks(a) Upon presentation for payment of any check to the Treasury Department which is more than one year and not more than seven years old, the Treasury Department shall requisition and issue a replacement check to the person entitled thereto which shall be paid from an executive authorization by the Governor made to the Treasury Department for such purpose from each of the various funds.(b) The Treasury Department as of January 1, 1972, and on each July 1 thereafter, shall take credit on its books and calculate as cash to the credit of the proper funds all amounts held in State depositories or otherwise for the payment of checks which on said dates had been issued for a period of one year or more and which had not been presented for payment.1929, April 9, P.L. 343, art. III, § 309, added 1972, June 30, P.L. 717, No. 165, § 1, imd. effective. Amended 1986, May 2, P.L. 145, No. 45, § 3, imd. effective.