By: Lanetra Bennett
May 2, 2013
Tallahassee, FL - There's a billion dollars worth of money and property just waiting to be claimed.
Florida Governor Rick Scott signed a bill this morning that would make getting what's owed to you much faster.
Florida's Chief Financial Officer Jeff Atwater says there is $1 billion worth of property is in the vault that belongs to Floridians.
It's money and items that you may not know is yours, and the CFO wants you to claim them.
Atwater says, "At this moment, the growth of unclaimed properties coming to us is still growing 40 percent. Our ability to return is growing at 23 percent. We don't want the vault to get bigger. We want the vault to get smaller. We want to be more effective."
To accomplish that, Governor Rick Scott signed Bill 464 Thursday morning.
This will allow the CFO's Bureau of Unclaimed Property to create a fully automated claims process. The bill means no more claims forms. When claiming your property, the information will now be entered and processed electronically.
Walter Graham, the Chief of Bureau of Unclaimed Property says, "It'll speed the process up for everyone; allow us to handle more claims with the same amount of staff and get money back to more people in a much faster manner."
The office says it returned almost $500 million over the last two and a half years.
To check to see if you have unclaimed property or for more information, go to FLTreasureHunt.org.
Press Release: Chief Financial Officer
Chief Financial Officer Jeff Atwater will join Governor Scott, Senator Flores (R-Miami) and Representative Mayfield (R-Vero Beach) participated in a bill signing ceremony this morning for SB 464, which allows the CFO’s Bureau of Unclaimed Property to create a fully automated claims process.
The CFO’s Bureau of Unclaimed Property holds accounts valued at more than $1 billion, mostly from dormant accounts in financial institutions, insurance and utility companies, securities, and trust holdings. To search for or claim unclaimed property, visit www.FLTreasureHunt.org, or call 1-88-VALUABLE or 850-413-5555.
Florida Treasure Hunt Website
Currently, the Chief Financial Officer holds unclaimed property accounts valued at more than $1 billion, mostly from dormant accounts in financial institutions, insurance and utility companies, securities and trust holdings. In addition to money and securities, unclaimed property includes tangible property such as watches, jewelry, coins, currency, stamps, historical items and other miscellaneous articles from abandoned safe deposit boxes.
Unclaimed money is deposited into the state school fund, where it is used for public education. There is, however, no statute of limitations, and citizens have the right to claim their property any time at no cost.