MINNE$OTA NICE BBY (almost)

Aktungbby · 10-19-15, 11:18 AM

http://www.sent-trib.com/news/states-go-after-unclaimed-property-use-it-to-patch-budgets/article_a54cde98-7526-11e5-8bf6-a3ec2a40496e.html "
When Americans lose track of money — in neglected bank accounts, paychecks they forgot to cash and elsewhere (such as unclaimed insurance policies) — state governments are increasingly aggressive in taking control of the cash.
Now, with those efforts swelling state coffers by more than $40 billion and lawmakers using some of it to patch budget holes, skirmishes are breaking out between states and companies with their own interest in holding on to the unclaimed property."

"But critics say rightful owners too often get short shrift.
"The analogy is to finding somebody's lost wallet. In Minnesota, anyway, we give people their wallets back. It's just what we do here. But it's not what the state is doing," said Joe Atkins, a state representative from outside St. Paul who last year introduced a bill calling for increased funding to track down property owners.Still, Minnesota is among states that set up booths at state fairs to inform people of the missing money, efforts that have helped boost its return rate to about 45 percent of what it takes in.

While other states, too, have increased efforts to reunite owners with their property, many have changed laws to let them take control of more unclaimed property more quickly."
California, meanwhile, continues to battle a lawsuit filed in 2001, accusing the state of doing too little to find and notify owners. In 2007, a federal court temporarily shut down the state's property claims process, forcing legislators to pass a law to fix it.
Since the process restarted, property claimed by California has swelled from $4.1 billion to $7.6 billion. 'MERIKA! attn. subsimmers! be seen stirring your bank accounts lest you appear 'dormant'; the 'robber baron$' are back and in Fette Beute mode!

10-19-15, 11:18 AM	#1
Aktungbby Gefallen Engel U-666 Join Date: Jul 2013 Location: On a tilted, overheated, overpopulated spinning mudball on Collision course with Andromeda Galaxy Posts: 29,979 Downloads: 24 Uploads: 0	MINNE$OTA NICE BBY (almost) http://www.sent-trib.com/news/states-go-after-unclaimed-property-use-it-to-patch-budgets/article_a54cde98-7526-11e5-8bf6-a3ec2a40496e.html " When Americans lose track of money — in neglected bank accounts, paychecks they forgot to cash and elsewhere (such as unclaimed insurance policies) — state governments are increasingly aggressive in taking control of the cash. Now, with those efforts swelling state coffers by more than $40 billion and lawmakers using some of it to patch budget holes, skirmishes are breaking out between states and companies with their own interest in holding on to the unclaimed property." "But critics say rightful owners too often get short shrift. "The analogy is to finding somebody's lost wallet. In Minnesota, anyway, we give people their wallets back. It's just what we do here. But it's not what the state is doing," said Joe Atkins, a state representative from outside St. Paul who last year introduced a bill calling for increased funding to track down property owners.Still, Minnesota is among states that set up booths at state fairs to inform people of the missing money, efforts that have helped boost its return rate to about 45 percent of what it takes in. While other states, too, have increased efforts to reunite owners with their property, many have changed laws to let them take control of more unclaimed property more quickly." California, meanwhile, continues to battle a lawsuit filed in 2001, accusing the state of doing too little to find and notify owners. In 2007, a federal court temporarily shut down the state's property claims process, forcing legislators to pass a law to fix it. Since the process restarted, property claimed by California has swelled from $4.1 billion to $7.6 billion. 'MERIKA! attn. subsimmers! be seen stirring your bank accounts lest you appear 'dormant'; the 'robber baron$' are back and in Fette Beute mode! __________________ "Only two things are infinite; The Universe and human squirrelyness?!!