Dear Fellow Floridians:
As Chief Financial Officer, I am always looking for ways to help put money back in the pockets of hardworking Floridians. One of the many ways my office is successfully accomplishing that goal is through our management of the Bureau of Unclaimed Property. During my tenure as CFO, our Bureau of Unclaimed Property has returned more than $750 million in unclaimed property to Floridians.
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. My Bureau of Unclaimed Property works tirelessly to identify the rightful owners of these properties and funds.
When we return money to Floridians, it is not only benefiting the property owners. The $750 million we have returned to Floridians in the last three years benefits the entire state because it is adding hundreds of millions of dollars back into local economies, which helps businesses statewide.
When safe deposit box contents go years without an owner being found, the merchandise is appraised and sold at an unclaimed property auction, the proceeds of which are used to fund Florida's schools. Should a property owner discover that he or she owned an item that was auctioned, however, the proceeds from the sale can be claimed any time at no cost.
The next unclaimed property auction will be August 8 and 9 in Orlando. It is open to the public, and everyone is encouraged to participate. The auction will be held at the Double Tree by Hilton Hotel Orlando Airport at 5555 Hazeltine National Dr, Orlando, Florida 32812.
If you have ever resided in Florida, I hope you will visit
www.fltreasurehunt.org. Our website has an unlimited "search" function, which allows you to create and print claim forms for any accounts to which you are entitled. Each claim form also includes instructions and lists the documentation required to prove the claim. Unclaimed funds are deposited into Florida’s school fund to help public education, but there is no statute of limitations for claiming it. You have the right to claim your property at any time, at no cost.
Chief Financial Officer
State of Florida
Florida Economic Briefs
U.S. small business borrowing jumps in April
U.S. small businesses borrowed more in April than in March, driving the Thomson Reuters/PayNet Small Business Lending Index to a seven-year high. The index rose to 126.5 in April from 115.3 in March, which is the highest since March 2007.
Source: Thomson Reuters/PayNet
Bottom Line on Sports
Each year, Florida is host to more than 1,800 professional sports events as
well as thousands of other sporting games and tournaments statewide,
including amateur and college sports, golf, fishing and hunting, boating and
yachting, and motorsports. The innovation spurred by this, and the drive to
create the world’s leading sports systems, are responsible for the
development of new tools and technologies that better connect us, improve
our quality of life, and allow us to explore and experience sports in more
exciting, enriching ways. Inside the Spring edition of
Florida’s Bottom Line, you’ll find expert commentary on
the innovation and advancement happening within the world of sports right
here in Florida.