THOMAS, W.Va. – West Virginia State Treasurer Riley Moore introduced the Metropolis of Thomas with an unclaimed property examine for $63,064.49, Tuesday, returning unclaimed funds to town.
“It’s at all times nice to return these funds to our small municipalities,” Moore stated. “That is the residents’ cash, and in communities like Thomas, $63,000 can go an extended solution to fund town’s wants.”
The funds had been from a number of stale-dated checks that had gone uncashed, in line with Moore’s workplace. Native Authorities Companies workers from the State Treasurer’s Workplace labored with metropolis officers to return the funds to town.
“This cash means a lot to the Metropolis of Thomas,” Mayor Kim Johnson stated. “We’re excited to place it to good use and we wish to thank everybody concerned in making this occur.”
Moore stated the award ought to remind each residents and metropolis officers across the state to make use of the online Unclaimed Property search feature to see if you happen to or your group have unclaimed funds.
“That is your cash, and we wish to get it again to you,” Moore stated. “I encourage everybody to go to our web site to see if we’ve any funds or property obtainable in your identify.”
Unclaimed property can embody monetary accounts or objects of worth during which the proprietor has not initiated any exercise for one 12 months or longer. Widespread examples embody unpaid life insurance coverage advantages, forgotten financial institution accounts and unused rebate playing cards.
West Virginia’s unclaimed property legal guidelines shield the general public by making certain cash and property owed to them is returned to them, fairly than remaining completely with monetary establishments, enterprise associations, governments and different entities.
Nationwide, practically 33 million folks in america – one in each 10 – are estimated to have unclaimed property obtainable for them to say.
West Virginians looking for misplaced monetary property can go to www.wvtreasury.com, then click on on the massive Unclaimed Property “Search” button to the precise of the web page below the heading, “Are We Holding Your Cash?” Along with discovering property, the web site may even aid you observe a declare.
An indication of the best way to use the Unclaimed Property search web site is on the market on the Treasury’s YouTube page.