(Part 1 of 2)

The California’s unclaimed funds program takes in roughly $300 million each year. Why should you care? Well, if you or someone you know is or has been a resident of the Golden State (or ever had any type of business dealings, whether you were aware of it or not), part of that massive pile of CA missing money could easily belong to you!

Under the California unclaimed property law, abandoned assets such as forgotten checking and savings accounts, uncashed checks and money orders, mineral deposits, salary checks, cash and stock dividends, state of California unclaimed tax refunds, gift certificates, and other financial assets are handed over to the Treasury Department if their owners don’t come for them within a certain time period. This ‘dormancy period’ varies from state to state, but in CA it is three years. These forgotten funds then get moved to the California unclaimed property division, where they sit in the state’s general fund until returned to their rightful owners. This is where officials working for the state in-charge of the CA unclaimed cash were criticized recently. It seems that they have been eager to locate and take hold of the lost assets from the establishments holding them but but were less than enthusiastic about contacting the owners in the CA unclaimed funds list.

(to be continued)

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Treasurer will help public seek unclaimed property – Peoria Journal Star
Illinois State Treasurer Alexi Giannoulias wants to return lost, forgotten and abandoned money to Chillicothe-area residents. A representative from Giannoulias office will conduct Cash Dash searches on the states online database from 2 to 6 p.m …

Unclaimed funds from hospital stuck in limbo (Miami Herald)
Q. Through www.fltreasurehunt.org, I located an unclaimed cash balance of $190 from Cedars Medical Center. I have submitted the required paperwork for this claim twice but the state has been unable to verify my claim because it needs proof that I’m linked to this account.

Unclaimed funds from hospital stuck in limbo – Miami Herald
Q. Through www.fltreasurehunt.org , I located an unclaimed cash balance of $190 from Cedars Medical Center. I have submitted the required paperwork for this claim twice but the state has been unable to verify my claim because it needs proof that Im …

Senate OKs keeping execution policies secret – Pine Bluff Commercial
LITTLE ROCK, Ark. – The states proposed $4.5 billion budget for the upcoming year and a plan to use a third of a $300 million surplus to fill funding gaps are headed toward their first votes before lawmakers. Members of the Joint Budget Committee …

Bailed out companies have unclaimed assests in NM (KOB-TV Albuquerque)
When most people go through their couch cushions, they spare change. Eyewitness News 4 found if bailed out companies did the same thing, they would find a lot more than small change.