Texas Comptroller of Public Accounts

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Contact: Allen Spelce
R.J. DeSilva
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News Release from Comptroller Susan Combs

For Immediate Release
October 15, 2009

Combs Returns $28,000 in Unclaimed Property to Lubbock and Lubbock County, Urges Area Residents to Check the Unclaimed Property List

(Lubbock) — Texas Comptroller Susan Combs announced today that the city of Lubbock has reclaimed $2,168 in unclaimed property, and Lubbock County has reclaimed $25,874.

“Cities and counties face challenges in this tough economy,” Combs said. “Our office has expanded its efforts to quickly contact local governments that have money on the state’s unclaimed property list and help them reclaim it, and I applaud Lubbock and Lubbock County for taking the initiative to get their money back and put it to work in the community.”

Combs also urged all residents in the Lubbock area to check the unclaimed property list to see if they have money waiting to be claimed.

The state is holding $1.6 million dollars in unclaimed property for more than 16,000 people in Lubbock County. The Comptroller’s office has returned about $612,000 to Lubbock County residents in the last two years.

The annual Unclaimed Property List will appear in area newspapers this Sunday, October 18. Panhandle residents will be among the first to see a new and improved publication. The Comptroller’s office has re-invented the traditional, statewide newspaper insert, breaking it into six regional unclaimed property lists being published on an extended schedule through Feb. 7, 2010.

“By focusing on one region at a time, we can provide better customer service and reunite people with their money faster because claims will be spread out over several months, rather than a single peak period,” Combs said.

The Panhandle Region list will contain the names of unclaimed property owners who have had at least $250 in forgotten funds reported to the state within the last year.

Combs urged those who don’t see their name on the list to check the unclaimed property Web site at www.claimittexas.org. The Web site is available year-round and contains the complete list of all owners of any amount of unclaimed property, from any year. Owners may also inquire about unclaimed property by phone at (800) 654-FIND (3463).

The state is holding about $2 billion in unclaimed property. The Comptroller estimates one in four Texans has money waiting to be claimed. Examples of unclaimed property include dividend, payroll or cashier’s checks; stocks, bonds and mutual fund accounts; utility deposits and other refunds; insurance proceeds; mineral interest or royalty payments; dormant bank accounts; and abandoned safe deposit box contents.

“In these challenging economic times, Texas families are trying to make every dollar count,” Combs said. “Now more than ever, it is crucial that we reunite Texans with their unclaimed property.”


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