The happenings "inside" the Wisconsin State Treasury and across the street at the State Capitol

Unclaimed Property FAQ: Who Administers the Law?


WHO ADMINISTERS THE LAW?

The Wisconsin State Treasurer serves as custodian of the property on behalf of the owner.  Property is held indefinitely under current statutes.  Interest earned on the $400 million in the Treasury is used to run the office, pay staff, process claims.  A significant amount each year is also paid out to Public School Libraries.  In 2011, $32 Million in interest was paid in such a manner.

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2 responses

  1. Pingback: FAQ Unclaimed Property: Who Must File Unclaimed Property Reports? « Wisconsin State Treasury

  2. Pingback: FAQ Unclaimed Property: How to File an Unclaimed Property Report « Wisconsin State Treasury

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