Broward County Commission Regular Meeting
Director's Name: George Tablack
Department: Finance and Administrative Services Division: Administration
Information
Requested Action
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MOTION TO WAIVE Broward County Administrative Code Chapter 22, Part VIII, Section 22.44, which requires municipalities to submit a specific Broward County form in order to receive a wire transfer, to allow the County to send an electronic payment to the Commonwealth of Massachusetts Unclaimed Property Division for payment of a $781 escheatment of funds.
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Why Action is Necessary
Board approval is required to waive the Broward County Administrative Code.
What Action Accomplishes
Allows Broward County to send an electronic payment in the amount of $781 to the Commonwealth of Massachusetts Unclaimed Property Division for escheatment of funds held by the County.
Is this Action Goal Related
No
Previous Action Taken
None.
Summary Explanation/Background
THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT RECOMMENDS APPROVAL OF THE ABOVE MOTION.
Broward County Administrative Code, Section 22.44, authorizes the Director of the Finance and Administrative Services Department or the Director of the Records, Taxes, and Treasury Division to approve wire transfers for payments to units of a state, a county, or a municipality including any district, authority, commission, board or agency thereof, upon receipt of written authorization from the payee on the form set forth in Exhibit 22.A of the Administrative Code, requiring banking information and authorizing and witness signatures.
In addition, pursuant to Chapter 717, Florida Statutes, Disposition of Unclaimed Property, Broward County has a requirement to escheat funds (remitting unclaimed funds) to the payee's state of domicile to allow payee to apply to the payee's state to receive escheated funds.
On October 26, 2020, the County issued a check for $781 to the Commonwealth of Massachusetts Unclaimed Property Division ("...
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