TALLAHASSEE, Fla. (AP) — The State of Florida set a record in February for returning unclaimed property to its owners.
Chief Financial Officer Jeff Atwater said the state returned $32 million in property last month, beating the previous record of $27.5 million in August 2014.
The Bureau of Unclaimed Property holds money from dormant bank, insurance and utility accounts plus unclaimed valuables from abandoned safe deposit boxes. It currently holds $1.5 billion, which is used for public schools until claimed.
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