The South Carolina Office of State Treasurer returned $12.6 million to people during fiscal year 2011 and with one month down already for fiscal year 2013, the office is hard at work finding the owners of unclaimed millions.
The $300 million in unclaimed property typically is in the form of old, unclaimed tax refund checks, inheritances, deposits, insurance payments and bank accounts.
State Treasurer Curtis Loftis Jr., is on a mission to find the owners of that money and occasionally takes his show, the Palmetto Payback Hometown Tour, on the road, such as Tuesday’s stop at Bazen’s Family Restaurant.
“We’ve got a lot of money that belongs here,” Loftis said. “We’ve been doing this for a long time, the treasurer’s office has, but we built up a reserve of $300 million and if we’re going to give that money back to its rightful owners, I’ve got to get out and hit the streets.”