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 ...

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Accounting and Auditing

RULE NO.:RULE TITLE:

69I-20.030Definitions

PURPOSE AND EFFECT: 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 AREA TO BE ADDRESSED: Claims for United States savings bonds escheated to the Department of Financial Services.

RULEMAKING AUTHORITY: 717.124, 717.138 FS.

LAW IMPLEMENTED: 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.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: June 27, 2016, 2:00 p.m.

PLACE: Room B103, Fletcher Bldg., 101 E. Gaines St., Tallahassee

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Phillip Carlton, Assistant Bureau Chief, Bureau of Unclaimed Property, telephone: [phone], email: [e-mail]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Phillip Carlton, Assistant Bureau Chief, Bureau of Unclaimed Property, address: 200 E. Gaines St., Tallahassee, Florida 32399-0356, telephone: [phone], email: [e-mail].; or by going to http://www.myfloridacfo.com/Division/LegalServices/RuleWorkshopMeetings/default.asp

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.