Missing any money? The government may have it - FOX Carolina 21

Missing any money? The government may have it

Posted: Updated: June 11, 2012 09:32 AM

The State Treasurer's Office has hundreds of millions of dollars of unclaimed cash. And state officials are trying to find the rightful owners.

State Senator Lee Bright, a Spartanburg Republican, is scheduled to join State Treasurer Curtis Loftis on his Palmetto Payback Hometown Tour on Monday from 4 p.m. to 5:30 p.m. at the Atlanta Bread Company on Pelham Road in Greenville.

"The treasurer's office has around $300 million of unclaimed property and I want to make sure my constituents get their money," said Senator Bright. 

He said in the past 10 years $80 million have been returned to South Carolina residents through the Palmetto Payback Program.

The program returned nearly $13 million in unclaimed property last year, according to Senator Bright.

State officials said each year millions of dollars are transferred to the Palmetto Payback Program by companies that cannot locate the owners of the cash.

The unclaimed property includes bank accounts, stock certificates, checks, insurance policies and utility deposits, according to the State Treasurer's Office.

State officials said the legislature is given any leftover unclaimed money, but there is no time limit to claim the funds.

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