Förlagets beskrivning
Original publisher: [Washington, D.C.] : Office of Inspector General, Dept. of the Treasury, [2002] OCLC Number: (OCoLC)140471922 Subject: Bona vacantia -- United States. Excerpt: ... indicated that the city and county governments of six states might also maintain federal assets. This could occur if federal agencies do not negotiate the checks issued by the city or county. However, since we did not review unclaimed federal assets at the city or county level, we could not determine the amounts of federal assets maintained at the city or county governments or their asset recovery procedures. Asset Recovery Status The cost of asset recovery and related operational challenges prevented, delayed, or discouraged federal asset recovery. This is evident by the low participation rate and minimal amount of federal assets that agencies previously recovered. Under the TFM, Treasury can act as the collector if federal agencies do not timely recover their assets. In 1993, FMS began a state letter-writing campaign to recover assets on behalf of federal agencies. FMS assigned one full-time equivalent staff to periodically send letters to states, requesting assistance in locating unclaimed federal assets. In eight years, FMS recovered approximately $ 2 million in federal funds from 32 states, the District of Columbia, and Canada. Given the difficulties in readily identifying unclaimed assets, FMS could not be assured whether states had fully disclosed or returned all federally owned assets. Our audit found that a letter-writing campaign did not fully capture all the federal assets. Based on our fieldwork and survey, we found that 14 states were maintaining approximately $ 3.2 million in federal assets as of 2001, as shown in Table 2 below. Federal Efforts to Recover Unclaimed State-Held Assets Page 14 Face Many Challenges and Obstacles
Fler böcker av United States. Dept. of the Treasury
Liknande böcker
Recensioner
Den här boken har tyvärr inte några recensioner ännu. Om du redan läst boken, skriv en recension!
Recensera boken
Skriv en recension och dela dina åsikter med andra. Försök att fokusera på bokens innehåll. Läs våra instruktioner för mer information.
Federal efforts to recover unclaimed state-held assets face many challenges and obstacles
Bokrecensioner » Federal efforts to recover unclaimed state-held assets face many challenges and obstacles
|
|
 |
|
|
|
|
