Unclaimed Property

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Under Government Code Section 50050-50056, funds that are not the property of a local agency that remain unclaimed for three years become the property of the local agency after notice, if not claimed or if no verified complaint is filed and served. At any time after the expiration of the three-year period, the Administrative Services Director  of the local agency may cause a notice to be published, once a week for two successive weeks, in a newspaper of general circulation. The notice will state the amount of money, the fund in which it is held and that it is proposed that the money will become the property of the local agency on a designated date, not less than 45 or more than 60 days after the first publication of the notice. Upon or prior to publication, a party of interest may file a claim with the Administrative Services Director which must include the claimant's name, address, amount of claim, the grounds on which the claim is founded and any other information required by the Administrative Services Director. The Administrative Services Director  shall accept or reject that claim. When any such money becomes the property of a local agency, the Finance Director may transfer it back to the originating fund.

If your name is on one of the lists or you believe you may have unclaimed property, please contact Michelle Mingay at mmingay@cityofranchocordova.org or 916.851.8738.

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