Or. Admin. Code § 416-260-0070

Current through Register Vol. 63, No. 12, December 1, 2024

Section 416-260-0070 - Unclaimed Special Account Balances

(1) OYA must identify special account balances which are unclaimed and abandoned two years from the date OYA's custody terminated, in accordance with the Uniform Disposition of Unclaimed Property Act.

(2) OYA must diligently attempt to locate youth in custody who have special account balances of at least $100.

(a) OYA must, at a minimum, send a letter to the youth in custody's last known address stating there is a trust account balance with OYA and the youth in custody has 30 days from the date of the notice to claim the account.

(b) If the notice is returned because the youth in custody moved without a forwarding address, or the 30 days elapses without a response, OYA must forward the special account balance to the Division of State Lands in accordance with that agency's administrative rules.

(3) OYA must forward special accounts with balances less than $100 to the Division of State Lands in accordance with that agency's administrative rules.

Or. Admin. Code § 416-260-0070

OYA 5-2001, f. & cert. ef. 4-20-01; OYA 2-2015, f. & cert. ef. 2/19/2015; OYA 15-2022, amend filed 12/13/2022, effective 12/14/2022

Statutory/Other Authority: ORS 420A.025

Statutes/Other Implemented: ORS 420A.030, 420A.032 & 420A.035