17719298, 69G-20.0030 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 17719298

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Unclaimed Property

Chapter:

UNCLAIMED PROPERTY

Overview

RULE:

69G-20.0030

Claims for United States Savings Bonds

PURPOSE:

In 2016, the Florida Legislature enacted Section 717.1381, F.S., to provide for a circuit court procedure for escheating to the State of Florida unclaimed United States savings bonds registered in the name of Florida residents. Once the bonds have been escheated to the State of Florida, the Department of Financial Services may request that the bond proceeds be remitted to the Department by the United States Treasury. The Florida Legislature also enacted Section 717.1382, F.S., which provides that the Department may approve a claim for the escheated bonds upon the claimant providing sufficient proof of the validity of the person’s claim. The proposed rule specifies who may receive either the physical U.S. savings bond (when the proceeds thereof have not yet been remitted to the Department) or the proceeds of the bonds that have been paid by the United States Treasury to the Department.

SUBJECT:

Claims for United States savings bonds escheated to the Department of Financial Services.

RULEMAKING AUTHORITY:

717.124, 717.138, FS

LAW:

92.525, 117.05, 717.124, 717.12404, 717.12405, 717.1242, 717.1243, 717.126, 717.1261, 717.1262, 717.135, 717.1351,717.1382, 717.1383, 731.201, 732.102, 732.103, 733.103, 733.815, 735.301, FS

PRINT PUBLISH DATE:

7/1/2016 Vol. 42/128

RELATED STATUTES
AND LAWS:

717.124, 717.138, FS, 92.525, 117.05, 717.124, 717.12404, 717.12405, 717.1242, 717.1243, 717.126, 717.1261, 717.1262, 717.135, 717.1351,717.1382, 717.1383, 731.201, 732.102, 732.103, 733.103, 733.815, 735.301, FS

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69G-20.0030&PDate=7/1/2016&Section=1

REFERENCE MATERIALS:

No reference(s).

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