Police departments are considered holders and required to report unclaimed property to Treasury
Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity announced today that the Pennsylvania Treasury Department will host an informational webinar for police departments across the state to help them understand their responsibilities as holders of unclaimed property. The webinar will take place Wednesday, Dec. 13, at 2:00 p.m.
“Many police departments have jewelry, electronics, cash and other items in their evidence rooms from old cases that may qualify as unclaimed property. This webinar will help departments see how to report any unclaimed property they have, and it will provide a great opportunity to ask questions. I’m grateful to our police departments for protecting our communities day in and day out, and I’m glad to offer this resource to help make their jobs a little easier.”
Pennsylvania State Treasurer, Stacy Garrity
Police departments are considered “holders” of unclaimed property in Pennsylvania, along with other entities including banks, credit unions and other financial institutions, insurance companies, utility companies, and any business that would issue a check that could go uncashed.
Holders are required by law to send unclaimed property to Treasury after the property has been dormant for a certain period of time. More information for holders is available on Treasury’s website.
Unclaimed property includes things such as old bank accounts, uncashed checks, insurance policies, contents of forgotten safe deposit boxes, items received from police departments, and more.
Treasury is working to return more than $4.5 billion in unclaimed property to at least one in ten Pennsylvanians. Tangible property is held by Treasury for at least three years, and then may be auctioned. Proceeds from those auctions are carefully logged and remain available for the rightful owners to claim in perpetuity. Military decorations are never auctioned.
In Fiscal Year 2022-23, Treasury returned the most unclaimed property ever – nearly $274 million.
If your police department would like to participate in Wednesday’s webinar, or receive a link to the recorded presentation afterward, please contact Treasury’s Legislative Specialist, Hannah Miller, at firstname.lastname@example.org.
For more information about unclaimed property, or to search, visit patreasury.gov/unclaimed-property.