money

PHOENIX (3TV/CBS 5) - The Arizona government is looking for military members who have unclaimed property that is owed to them.

The Arizona Department of Revenue's Unclaimed Property program has identified more than 8,800 military personnel who were once based in Arizona and are owed money. They had last known Arizona addresses from Luke Air Force Base, Tucson's Davis-Monthan Air Force Base, Fort Huachuca Army Base, Yuma Proving Ground Army Base, Camp Navajo Army Base and Marine Corps Air Station (MCAS) Yuma.

Some of the addresses date back 30 years, and the total owed is $2.3 million. The largest check that'll be sent is $86,034, ADOR said.

ADOR is sending out letters to military members' last known Arizona base or most current address in hopes of finding them and that they'll contact them to get the money.

Some of the unclaimed cash is from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. The money often goes unclaimed because the company that has the cash has an outdated or wrong forwarding address. Sometimes, somebody dies with no family members aware of the assets. Most accounts are turned over to the state after several years of inactivity.

For more information on the Unclaimed Property program, including how to make a claim and frequently asked questions, people can go to www.azdor.gov and click on the Unclaimed Property tab.

 


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