Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Monday, 12.22.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1  2  3  4  5
 6  7  8  9  10  11  12
 13  14  15  16  17  18  19
 20  21  22  23  24  25  26
 27  28  29  30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

May 18,2007
Oregonians urged to search for unclaimed property
by Bend Weekly News Sources

$41 million remitted to the state in 2006: Deschutes County - $4.2 million, Crook County - $340,000, Jefferson County - $572,000

More than 150,000 Oregonians had unclaimed property turned in to the Oregon Department of State Lands (DSL) last year by businesses and organizations that were unable to locate them.
 
“Unclaimed property typically includes uncashed payroll checks, state tax refunds, utility deposits, stock proceeds, dormant bank accounts – any financial asset that has not been claimed by its owner, or that has not had any owner-generated activity for several years,” said DSL’s Unclaimed Property Section Manager Cyndi Wickham.  
 
Each November, DSL receives reports from businesses and organizations; in 2006, over 10,000 reports with a value of $41 million were received. This unclaimed property has been added to current unclaimed property holdings of $253 million for more than a million people.
 
The funds are held in trust forever in the Common School Fund (CSF) until claimed by the rightful owner. Earnings from the fund are distributed twice yearly to Oregon’s 198 K-12 public school districts. In 2007, distributions will top $50 million.
 
The State Treasurer, one of three members of the State Land Board, and the Oregon Investment Council invest the fund. The current market value of the CSF is more than $1 billion.
 

“No amount of money is too little for us to send to the rightful owners,” said Wickham. “Last year’s smallest claim was $1.20 and the largest was $1.02 million. We encourage everyone, including businesses, to check the DSL Web site to see if we’re holding money for them.”  In 2006, DSL processed more than 6,000 claims totaling over $9 million.
 
To search DSL’s unclaimed property database, go to
www.oregonstatelands.us and follow the links. Or ask DSL staff to perform a search by sending an email to claims@dsl.state.or.us or writing a letter to 775 Summer St. NE, Suite 100, Salem, OR 97301-1279. Be sure to provide the full name in addition to previous and current addresses.
 
DSL’s claims staff of four replies to every inquiry, usually within 30 days or less. “We all love our jobs,” said Wickham. “Our program has been referred to as ‘Oregon’s largest lost and found.’  It’s very rewarding to connect Oregon citizens to their money.” 
 
The State Land Board consists of Governor Theodore Kulongoski, Secretary of State Bill Bradbury and State Treasurer Randall Edwards. The Department of State Lands administers diverse natural and fiscal resources. Many of the resources generate revenue for the Common School Fund, such as state-owned rangelands and timberlands, waterway leases, estates for which no will or heirs exist, and unclaimed property. Twice a year, the agency distributes fund investment earnings to support K-12 public schools. The agency also administers Oregon’s Removal-Fill Law, which requires people removing or filling certain amounts of material in waters of the state to obtain a permit.
 


Unclaimed Property Report by County – May 2007*
Oregon Department of State Lands
 

County

# Accounts/Properties

$ Amount

Baker

3,300

$525,000

Benton

21,800

$3,100,000

Clackamas

81,400

$14,000,000

Clatsop

10,700

$1,800,000

Columbia

9,500

$1,450,000

Coos

13,200

$2,200,000

Crook

3,200

$340,000

Curry

4,900

$790,000

Deschutes

28,100

$4,200,000

Douglas

21,000

$3,300,000

Gilliam

490

$70,600

Grant

1,280

$185,000

Harney

1,500

$280,000

Hood River

4,590

$838,000

Jackson

47,000

$7,500,000

Jefferson

3,900

$572,000

Josephine

16,600

$2,400,000

Klamath

15,800

$2,100,000

Lake

1,640

$273,000

Lane

85,000

$13,500,000

Lincoln

11,000

$1,900,000

Linn

22,000

$3,000,000

Malheur

7,600

$1,150,000

Marion

73,000

$10,600,000

Morrow

2,040

$196,000

Multnomah

382,000

$77,100,000

Polk

11,700

$1,500,000

Sherman

490

$65,000

Tillamook

4,960

$854,000

Umatilla

17,900

$2,500,000

Union

5,400

$797,000

Wallowa

1,300

$195,000

Wasco

5,320

$912,000

Washington

115,000

$20,800,000

Wheeler

280

$46,000

Yamhill

15,900

$2,300,000


*Totals for each county represent unclaimed property with a last known address in that county.

1526 times read

Related news
Oregon DSL holding $300 Million in unclaimed money, property by Bend_Weekly_News_Sources posted on Mar 20,2009

Former Rajneeshee site sold to youth ministry group by Bend_Weekly_News_Sources posted on Apr 10,2007

Barges arrive for New Carissa wreckage removal by Bend_Weekly_News_Sources posted on Mar 28,2008

13,000 kicker checks remain unclaimed by Bend_Weekly_News_Sources posted on Mar 12,2008

Common School Fund provides $24.3 million for Oregon’s K-12 School Districts by Bend Weekly News Sources posted on Jan 22,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 10 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?