California Government Code Sections 50050 through 50057 provides authority for the proper disposition and accounting for unclaimed money.
- Funds which are not the property of the City of Eastvale that remain unclaimed for a period of more than three (3) years will become the property of the City of Eastvale, if not claimed or if no verified complaint is filed and served, on or before the specific date stated in the public notice that is published in a newspaper of general circulation.
- Unclaimed Monies may include but are not limited to stale dated checks, bond coupons, trust funds, deposits held for various purposes by City departments, and overpayments for City services.
- Unclaimed funds over three years old and over $15.00 will be identified on an annual basis.
- For funds that have been unclaimed for at least a three-year period, a notice will be published once a week for two consecutive weeks in a newspaper of general circulation. The notice shall state the individual or business name (original depositor for receipts, original vendor for stale-dated checks), the amount of money, the fund in which the money is held, and that the money will become the property of the City of Eastvale on a specific date (not less than 45 nor more than 60 days after the first publication).
- Upon or prior to publication, a party of interest may file a claim for the funds with the Director of Finance. The claim must contain the claimant’s name, address, telephone number, amount, tax identification number, and grounds for the claim, and must be submitted and accepted before the date identified in the notice as the date the funds become the property of the City of Eastvale. The Director of Finance can require additional information to help substantiate the claim and to establish the authority of the claimant to receive the funds.
- The Director of Finance may release the unclaimed funds to the depositor, their heir, beneficiary, or duly appointed representative if claimed prior to the date the funds become the property of the City of Eastvale and satisfactory proof has been submitted.
- Proposed Unclaimed Money Notice
- Unclaimed-Money Instructions
- Unclaimed-Money Claim Form
- City of Eastvale Unclaimed-Money Policy