(Part 1 of 2)

The California’s unclaimed property program takes in approximately 300 million dollars every year. Why should you care? Well, if you or anyone you know is or was a resident of the Golden State (or ever had any type of business dealings, whether you were aware of it or not), some of that massive pile of CA lost assets could very well belong to you!

Under the California unclaimed funds law, missing money like forgotten savings and checking accounts, cash and stock dividends, mineral deposits, uncashed checks and money orders, state of California unclaimed tax refunds, salary checks, gift certificates, and other assets are turned over to the Treasury Department if the rightful owners don’t come for them within a given period. This ‘dormancy period’ varies widely from state to state, but in CA it’s 3 years. These abandoned assets then go to the California unclaimed property div, where they wait in the state’s general fund until they’re returned to the rightful owners. This is where officials working for the state who handled CA unclaimed cash were recently criticized. It seems that they have been eager to track down and collect the lost assets from the establishments holding them but but weren’t so keen on locating the owners in the CA unclaimed property records.

One of the primary reasons for the inability of government to return forgotten cash to the people it belongs to, they say, is the fact that they can’t be tracked down. Problem is, would would ever think people like ZsaZsa Gabor, Angelina Jolie, Victoria Beckham, Gerri Halliwell, Brad Pitt, Keanu Reeves, Jennifer Lopez, Adam Sandler and Marlon Brando would be difficult to locate? Those names and the names of several other celebrities are just a few of the names in the CA missing money database but they have not been contacted by the officials in the California Unclaimed Funds Division. They are all owed checks for forgotten funds by CA ranging in amount from hundreds to the thousands as in the case of Angelina Jolie. This just proves CA state officials’ interest in keeping this money in the general fund for them to balance the budget deficits for as long as they can. In fact, there was a recent ruling by a federal judge on CA abandoned cash, stating that the state was not trying hard enough to locate the rightful owners and for a while halted the state’s s ability to take and hold it until a proper method of returning it to the rightful owners has been adopted.

(to be continued)

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Unclaimed property Web site could locate your money – Newsday
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/2-0fd=Rurl=http://www.newsday.com/business/yourmoney/ny-bztipb156036904feb15,0,7386165.storycid=0ei=xOKeSaj8LIecMsDw9JAMusg=AFQjCNHS42OAv2DwOcQUmOhbeEtnjUnldQbUnclaimed/b property Web site could locate your bmoney/b/abrfont size=-1font color=#6f6f6fNewsday,nbsp;NY/font/fontbrfont size=-1Considering Wall Street#39;s swoon, chances are you lost some bmoney/b last year. Here#39;s a chance to find some bmoney/b. The National Association of bUnclaimed/b Property Administrators runs a Web site where you can see if you are due any bunclaimed money/b or b…/b/font/div/font/td/tr/table

$40 million waiting to be claimed from state (WLOX-TV Biloxi)
JACKSON, MS (WLOX) – Mississippi has $40,000,000 waiting to give out, and some of it could be yours. The money is in the state’s unclaimed property fund, which is held by the state treasury until the rightful owners are located.

Keller finally getting its money back from state – Fort Worth Star Telegram
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/0-0fd=Rurl=http://www.star-telegram.com/northeast/story/1210042.htmlcid=1305367092ei=xOKeSaj8LIecMsDw9JAMusg=AFQjCNHy-gK9FXMCsT_jv4nXMDLkx9WXOQKeller finally getting its bmoney/b back from state/abrfont size=-1font color=#6f6f6fFort Worth Star Telegram,nbsp;TX/font/fontbrfont size=-1KELLER — The state comptroller’s office agreed Tuesday to release $59020 in bunclaimed/b funds to Keller, a day after WFAA/Channel 8 reported on how much bunclaimed money/b the state is sitting on that is owed to local governments. b…/b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/0-1fd=Rurl=http://www.wfaa.com/sharedcontent/dws/wfaa/localnews/news8/stories/wfaa090217_mo_comptroller.26d66ccf.htmlcid=1305367092ei=xOKeSaj8LIecMsDw9JAMusg=AFQjCNEfOPp0xlYiElNh5IQYMkPTGCwVagComptroller pays Keller after News 8 report/a font size=-1 color=#6f6f6fnobrWFAA/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?ie=UTF-8oe=utf-8rls=org.mozilla:en-US:officialclient=firefox-atab=wnncl=1305367092hl=ennobrall 3 news articles/nobr/a/font/div/font/td/tr/table

$40 million waiting to be claimed from state – WLOX
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://www.wlox.com/Global/story.asp%3FS%3D9872742%26nav%3Dmenu40_3cid=0ei=xOKeSaj8LIecMsDw9JAMusg=AFQjCNEql9lQa0dUjmbo5qa87KV-6HUVWA$40 million waiting to be claimed from state/abrfont size=-1font color=#6f6f6fWLOX,nbsp;MS/font/fontbrfont size=-1The bmoney/b is in the state#39;s bunclaimed/b property fund, which is held by the state treasury until the rightful owners are located. Thursday, State Treasurer Tate Reeves alongside Rankin County Chancery Clerk Larry Swales returned $40135 to Audrey Chason b…/b/font/div/font/td/tr/table