Unclaimed Property Division returns $33M to rightful owners - FOX5 Vegas - KVVU
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State Treasurer Kate Marshall Wednesday reported her Unclaimed Property Division this year has returned nearly $33 million to Nevadans and other rightful owners.
"This past fiscal year, my office initiated Operation Claim It, another component of our aggressive campaign aimed at reuniting rightful owners or heirs with abandoned property being safeguarded by my office's Unclaimed Property Division. As a result of Operation Claim It and other outreach initiatives, we were able to increase our return rate to rightful owners to 37 percent in FY12," Marshall wrote in a letter to the Governor's Office.
Marshall also noted her office will be transferring $97.4 million to the State General Fund for Fiscal Year 2012, the largest such transfer in Nevada history. $337,852 has been transferred to the Nevada State Educational Trust Fund from the proceeds of abandoned gifts cards and certificates reported to the Treasurer's Office.
Examples of abandoned/unclaimed property include: bank accounts; un-cashed payroll checks, insurance checks, traveler's checks; utility deposits; gift certificates; safe deposit box contents; and court deposits.
For more information about the Unclaimed Property Division, visit NevadaTreasurer.gov and click on the Unclaimed Property tab.
Copyright 2012 KVVU (KVVU Broadcasting Corporation). All rights reserved.
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