The Florida Legislature
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Office of Program Policy Analysis and Government Accountability

Progress Report: Unclaimed Property Program's Alternative Owner Notification Means Is Cost-Effective, Report No. 99-13, November 1999
 
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  • The unclaimed property program's efforts to identify owners through database matching and then notify them of their unclaimed property through direct mail appears to have saved approximately $99,000 during Fiscal Year 1998-99.
  • However, the department has not developed an accurate means of tracking the cost and effectiveness of each notification method it uses.
  • The Legislature has not amended the law to protect owners of unclaimed property from paying unnecessary fees for heir finder agreements.

What were our earlier findings?

Report No. 97-24   Review of the Abandoned Property Program within the Department of Banking and Finance , published in December 1997.

Which Government Program Summaries contain related information?

Department of Financial Services

    Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
    e-mail address: oppaga@oppaga.fl.gov


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