Texas sitting on $4B in unclaimed property

TEXAS (KXAN) — The state of Texas is currently sitting on nearly $4 billion in unclaimed money and property.

According to the State Comptroller’s Officer, some of that money could be yours.

Most of the money comes from uncashed checks, abandoned bank accounts, insurance premiums and deposits people put down for utilities that never got returned.

The State Comptroller puts all that money into a trust until the rightful owner comes to claim it. There is no time limit for how long Texas can incubate the money.

Last fiscal year the State Comptroller’s Office returned more than $200 million.

The Supervisor of unclaimed property, Bryant Clayton, said “While it does come in a little faster than we can get it out, our goal is to always return as much of that property as we can. It is a fun job, we do get a lot of people who are… very excited that we are holding funds for them and are very excited when we can pay that money back to them.”

More than $180 million is waiting to be claimed by people in the Austin area alone. To find out if any of the unclaimed money is yours contact the State Comptroller’s Office.

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