For Immediate Release
March 23, 2010
Combs Returns Unclaimed Property in Plano and McKinney, Urges Collin County Residents to Check the Unclaimed Property List
(Collin County) — Texas Comptroller Susan Combs said today that the city of Plano has reclaimed $1,562 in unclaimed property; the city of McKinney has reclaimed $263; and Collin County has reclaimed $74,807.
“Cities, counties and school districts face challenges in this tough economy,” Combs said. “Our office has expanded its efforts to quickly contact local government entities that have money on the state’s unclaimed property list and help them reclaim it, and I applaud the taxing entities in this community for taking the initiative to get this money back and put it to work for the taxpayers.”
Combs also urged all Collin County area residents to check the unclaimed property list to see if they have money waiting to be claimed. The state is holding more than $208 million dollars in unclaimed property for people and businesses in Collin County.
The unclaimed property Web site at www.ClaimItTexas.org is available year-round and contains the complete list of all owners of any amount of unclaimed property. You may also inquire about unclaimed property by phone at (800) 654-FIND (3463).
Many people who discover their names on the Unclaimed Property List do not claim their money, possibly because it is a very small amount. There is now an alternative.
“Unclaimed property owners now have the option to donate all or part of their unclaimed money to the Texas Match the Promise Foundation, an organization created to provide matching scholarships to children enrolled in the Texas Tuition Promise Fund,” Combs said. “A new link on the Unclaimed Property Web page makes it easy to put your money to work for a child’s future.”
Learn more about the Texas Match the Promise Foundation at www.MatchThePromise.org.The state is holding about $2 billion in unclaimed property for missing owners statewide. 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.
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