#Unclaimed government monies code

Other Government Agencies’ Unclaimed Funds: Individual items $15.00 or more in value must be published as notification that the money will become the property of the County on a designated date if it is left unclaimed.

#Unclaimed government monies code

The Treasurer, pursuant to Government Code section 50050-50057 provides that unclaimed monies which remain in the treasury or in the official custody of the officers of a local agency for a period of over three (3) years, become the property of the agency. Unclaimed Funds Instructions, Unclaimed Funds Claim FormĪnnually, the County Treasurer receives a listing of monies which have remained unclaimed for over three years from each County Department and Agency.

Funds are escheated to the County through item (#4) County Unclaimed Funds process.Īnnually, the Treasurer-Tax Collector conducts an escheatment process for Countywide unclaimed monies per Government Code Section 50050-50057. Funds must be claimed within one year from the date of payment to the County. Monies received from commercial landlords from the sale of abandoned property within 30 days of the sale, as required by Civil Code Section 1993. Funds are escheated to the County through the (#4) County Unclaimed Funds process. Monies received primarily from public storage companies for the sale of abandoned property, or from hospitals for abandoned property, as required by Business and Professions Code, Division 8, Chapter 10, Self-Service Storage Facilities and monies received from an abandoned mobilehome in a mobilehome park as required by California Civil Code Section 798.61(F). Link to Tax Auction Page Containing Excess Proceeds Lists Claims may be made within a specific period, after which, the funds become the property of the County. Under Probate Code 7663, monies are held for three years then, if not claimed, are escheated to the County through the County Unclaimed Funds process (found below in item 4).ĭeposit Instructions, List of Deposits Held in Trust, Claiming Instructions for Deceased Estates Funds Held in Trust, Deceased Estates General Claim Form, Deceased Estate Claim Form (Probate Code 7663), Deceased Estates Claim Form-Corporation, Sample Receipt for Final Distribution FormĮxcess proceeds after tax sale has occurred and County taxes have been paid. Under Probate Code 11850, monies are held for one year then, if not claimed, are escheated to the State. The Office of the County Treasurer has the following four types of unclaimed funds: