18574838, 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: 18574838

Notice of Proposed Rule

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:

The Florida Legislature enacted Section 717.1382, 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 United States Treasury remit the bond proceeds to the Department. The Florida Legislature also enacted Section 717.1383, 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.

SUMMARY:

The proposed rule specifies the requirements for a person to qualify to receive either the physical United States savings bond (where 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.

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:

2/7/2017 Vol. 43/25

COMMENTS:

From 2/7/2017 To 2/28/2017 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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