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Illinois State Treasurer Michael Frerichs returned nearly $276 million in unclaimed property in 2023, bringing Frerichs' total since taking office in 2015 to more than $1.9 billion.
FOX 32 News. June 10, 2024 at 5:48 PM. SPRINGFIELD, Ill. - The Illinois State Treasurer announced a new online auction for unclaimed property scheduled to take place this month. Scheduled from ...
February 1 is Unclaimed Property Day, an arbitrarily chosen date to remind you that they may have unclaimed cash or other assets that your state wants to give back to you. More than 30 million ...
Mike Frerichs. Michael W. Frerichs ( / ˈfrɛrɪks /; born July 28, 1973) is an American politician serving his third term as the State Treasurer of Illinois, after taking office on January 12, 2015. Before being elected treasurer, he was a Democratic member of the Illinois Senate, representing the 52nd District from 2007 until 2015.
The Treasurer is responsible, pursuant to Article V, Section 18 of the state constitution, for the safekeeping and investment of the monies and securities deposited in the public funds of Illinois. As such, the Treasurer is not the chief financial officer of Illinois. That post is reserved for a separate elected official, the Comptroller. [2]
The state treasurer serves as the chief custodian of each state's treasury and as the state's head banker. Typically, they receive and deposit state monies, manages investments, and keeps track of budget surpluses and deficits. The position has powers and responsibilities similar to those of the United States Secretary of the Treasury and the ...
On average, 1 in 10 people have unclaimed property with the average claim in 2021 being around $734, according to the Unclaimed Property Division. In 2023, the agency had around $3 billion in ...
The state treasurer also makes certified copies of deeds, bonds, and other documents filed with his or her office and promotes Wisconsin's unclaimed property program. [8] [9] Furthermore, the state treasurer assists in the administration of the County Mining Investment Fund and receives and deposits payments for certain Great Lakes fisheries ...
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