FAQs

How long do I have to claim my funds?

Pertaining to City escheatment, California Government Code Section 50050, et seq., provides that unclaimed monies, which remain in the treasury or in the custody of the officers of a local agency for three (3) years, become the property of the agency. At the end of the three-year period, those items in excess of $15 must be published as notification that the money will become the property of the agency after a designated date if it is left unclaimed; items under $15 need not be published. Escheatment to the general fund occurs if a verified claim is not filed by the designated date, forty-five days after the date of first publication. After this date, money left unclaimed will become the property of the city and can no longer be claimed.