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HOUSTON DAILY JOURNAL
Georgia department manages unclaimed property
Special to the Journal
The Unclaimed Property
Unit of the Department of
Revenue has, according to
a release from the organiza
tion, the mission of execut
ing Georgia’s Unclaimed
Property Act, which protects
the rights of owners of aban
doned property.
Banks and financial orga
nizations, insurance compa
nies, utilities and other busi
nesses are required to remit
abandoned property to the
state when they have held it
for a specific length of time.
“Recent media articles
Winner of the July
14 Museum of Aviation
Foundation Raffle Drawing,
Eric Zanghi, left center,
receives the keys to a 2008
Titan XE Crew Cab truck
from Five Star Nissan in
Warner Robins. Zanghi,
a Warner Robins resi
dent, was offered a new
vehicle from either Five
Star Nissan, Eddie Wiggins
Buick Pontiac GMC, Five
Star Chevrolet Cadillac,
Lowe Toyota or Bill Butler
Chrysler Dodge Jeep - or
$20,000. Attending the
truck presentation were,
from left, Dan Callahan,
the ticket seller; Jimmy
Autry, auction co-chair;
Pat Bartness, president,
Museum of Aviation
Foundation; Eric Zanghi,
Steve Davison, auction
and raffle chairman; June
Lowe, executive vice presi
dent, Museum of Aviation
Foundation; Rick Drury,
raffle chair; and Terry
Moore, general manager,
Five Star Nissan.
Contributed
Ga. Agribusiness council meeting in Perry
Special to the Journal
The Georgia Agribusiness
Council will be holding
one of nine state-wide Ag
Appreciation Dinners in
Perry Aug. 16. The din
ner will be held at Houston
County Farm Bureau office
from 5:30-7:30 p.m.
All attendees to each din
ner, according to a release,
will have the opportunity to
meet and interact with other
industry and state leaders,
interact with the GAC staff,
receive a complimentary
dinner, and be involved in a
very short program offered
by the Council on current
Oxendine urges college students to consider health options
Special to the Journal
As the fall semester
approaches, Insurance
Commissioner John W.
Oxendine urges college stu
dents and their parents to
think carefully about the
students’ ongoing health
insurance needs.
“A serious illness or injury
could lead to catastrophic
consequences for a college
student without health
insurance,” Oxendine
said. “Make sure you re
covered .before a medical
emergency arises. ”
If the student s parents
have health coverage, their
policy may cover depen
dents, if they are full-time
students, until the age of
23.
Check with your health
insurer about how the policy
defines a full-time student
and the maximum age of
coverage.
Most policies consider at
least 12 credit hours per
semester (six or nine in the
summer) to be full-time.
However, college students
who marry will lose their
status as a dependent under
their parents’ policy regard
less of age or status as a full
time student.
A college student not liv
ing at home may run into
problems if their health
policy involves a Health
Maintenance Organization
or a Preferred Provider
Organization.
A student insured through
an HMO may be outside the
service area of physicians
and hospitals while away at
school. If this occurs, the
indicated that large sums
of money are stored at our
location. This is simply
not true,” Kelli Womack,
Program Manager of the
Unclaimed Property Unit
clarified. Cash and revenue
generated from the peri
odic auctioning of tangible
unclaimed property is imme
diately deposited in the
state’s general treasury.
With proper documen
tation of proof, a check is
issued from the treasury
when the legal owner of
the property comes forward
to claim the property or is
located by personnel in the
Museum raffle winner
L&fe v **** ' I "iL
industry issues. This dinner
is being held to meet with
prospective members and
honor current members of
the council.
The council, according to
the release, works every day
to see that agribusiness ben
efits from this organization.
GAC is on the front line
addressing issues that affect
Georgia’s very diverse agri
cultural industry through
a variety of environmental
resource management ini
tiatives, tax relief opportuni
ties, agricultural education
programs, and regulatory
and legislative monitoring.
Members stay well
student likely will have cov
erage for emergency care,
but may have to travel to a
physician and hospital with
in the HMO service area
for other care. Similarly,
an insurer may pay benefits
at out-of-network levels for
students who are outside a
PPO network.
Be sure the college stu
dent has a copy of the rel
evant insurance cards
and knows how to obtain
any required approvals
before seeking treatment.
Students also have the
option of purchasing a stu
dent health insurance plan.
Student plans are sold by
an insurer that has contract
ed with a college to offer
coverage to its students. In
general, these plans have
more limited benefits and
more exclusions than tra
ditional health insurance
plans.
Many policies also will
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Building lives, families, and communitws
Unclaimed Property Unit.
The time that must elapse
for property to be determined
“abandoned”and turnedover
to the state varies depend
ing on the type of property.
“For example, unclaimed
wages and company liquida
tion proceeds must be turned
over to the state after one
year,” explained Womack.
The vast majority of
unclaimed property must
be turned over to the state
five years after the last
contact with the right
ful owner. Time frames
for other types of property
are: safe deposit box con
informed of GAC actions
through the various sourc
es of communication tools
offered.
The Council provides
up-to-date outreach in our
online bulletin, AgOutlook,
and provides many other use
ful tools and links to assist
membership. GAC also
keeps members informed
with a quarterly newslet
ter, The GAC Connection,
and legislative updates
each week during the
Georgia General Assembly.
Agribusiness is a $54.4 bil
lion industry in Georgia,
accounting for more than 8
percent of the state’s econo
exclude routine examina
tions, as well as injuries sus
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LOCAL/STATE
tents must be forwarded to
the state two years after the
box was opened by the hold
ing financial institution;
money orders seven years
after the issue date; and
traveler’s checks 15 years
from the issue date.
The Unclaimed Property
Unit maintains a by name
list of unclaimed property
owners on the Department
of Revenue website.
“We recommend that indi
viduals use this free search
able listing to determine if we
are holding any of their prop
erty,” said Womack. “The
list is located at http://ser
my and close to one-third of
all Georgia’s goods produc
ing industry employment.
The GAC, a non-profit
organization, serves as the
voice for Georgia’s massive,
complex business of agricul
ture.
The Council’s mission is
“To advance the business of
agriculture through econom
ic development, environmen
tal stewardship and educa
tion to improve the quality of
life for all Georgians.” More
information on the Georgia
Agribusiness Council can be
obtained by visiting www.ga
agribusiness.org or calling
1-800-726-2474.
tained while under the influ
ence of alcohol or drugs.
W « K
IL / • / M
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vices. dor. ga. gov/unclaimed
property/main.aspx. ”
There are individuals
and companies (locators)
that will locate unclaimed
property for a fee. Womack
encourages anyone who is
approached by a locator
to contact the Unclaimed
Property Unit first.
“The locator will require
you to sign an agreement,
which will obligate you to
give a percentage of the
property’s value to the loca
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tor, which can turn out to be
a very costly agreement. We
will assist you for free,” said
Womack.
For additional information
visit the Unclaimed Property
website at http://www.etax.
dor.ga.gov/ptd/ucp/index.
shtml or call 404-968-0490.
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