![]() ![]() Find more information about the following programs below:Īg Invest - For over 34 years, the Treasurer's office has been providing opportunities for Illinois farmers through the Ag Invest program. The State of Illinois has a variety of programs for individuals and businesses to take advantage of. Want to know if there is any unclaimed property owed to you? Click here to learn more> One in four Illinois adults who searches the State Treasurer's I-Cash database finds property to claim, and the average claim paid is $1000. The program safeguards more than 15 million properties valued roughly at $2.9 billion, working to reunite each with its rightful owner.Įach year, hundreds of thousands of new properties are added to the State Treasurer's I-Cash program. ![]() The State Treasurer's unclaimed property program - now known as I-Cash - is one of the state's oldest consumer protection programs, dating back to 1962. The State holds these lost funds until they are claimed by either the original owner or their heirs. Illinois State Treasurer, Michael Frerichs, paid a visit to the Chamber office and found $3,100 of unclaimed money through the states iCash. For authorization to deposit your replacement check directly into your savings or checking account, please complete and sign an Authorization for Direct Deposit of Forgery Reimbursement form.The State Treasurer is holding 2.9 billion dollars in unclaimed funds for Illinoisans. If it is determined that the endorsement is a forgery, it may take up to 10 weeks or more to process your claim and provide you with a replacement check. We will notify you in writing within five business days after receiving your documents whether there is sufficient evidence to pursue your claim. We may require additional information from you that will help to determine whether a forgery has taken place. Once the documents have been received, we will begin to make a preliminary investigation into your claim. Send a copy of the warrant(s), a copy of your driver’s license or state I.D., a completed Investigation Claim Form, and the three originally signed and notarized Affidavits for each payee named on the warrant, to the address below: If you do not have a copy of the warrant, please contact the Comptroller’s Office at (217) 782-5897 or (800) 877-8078 to obtain a copy. You must also provide a copy of the warrant(s) in question, including the front and back which shows the endorsement. If the warrant was payable to more than one person, each person must sign and have notarized three separate Forged Warrant Affidavits. If you are the rightful payee of state warrant that you suspect was forged, you will need to complete and return three originally signed and notarized Forged Warrant Affidavits and one Forged Warrant Investigation Claim Form. In order to reimburse the rightful payee (or in circumstances of fraud, to reimburse the State), the Treasurer will make presentment warranty claims against financial institutions that accept forged state warrants. (810 ILCS 5/4-207) ![]() When financial institutions present state warrants to the Treasurer for payment, by law they guarantee that they are authorized to obtain payment. Since a forged warrant does not represent a payee’s valid authorization, the financial institution presenting the forged warrant has breached their presentment warranty and must reimburse the Treasurer. ![]() Upon the completion of these tasks, Warrant Division personnel contact the State Comptroller’s office to release hardcopy and direct deposit warrants. Warrants with an insufficient fund balance are held back and checked daily to determine if sufficient funds have become available. The Treasurer, in effect, ensures no state checks bounce. The Treasurer's principal use for the WPS is to ensure the legislature’s appropriation and the state’s available fund balance cover all warrants prior to their release by the State Comptroller. A warrant is commonly known as a state check and examples include payroll checks, retirement checks and payments to vendors. A warrant is legally defined as a negotiable instrument drawn by the Comptroller on the State Treasury to effect payment of funds held by the Treasurer for debts incurred by State agencies. The Warrant Processing System (WPS) is the State Treasurer's record of accounting for all state funds. Funds/Appropriations & Receipt Processing ![]()
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