Elyria Receives $3.4 Million from Forgotten, Decade-Old Transaction

Virtually every day, some people type their name into a special internet site and discover that they are owed money that is sitting in Ohio’s Unclaimed Funds system. It could be a long-forgotten rent deposit, an abandoned savings account, or an uncashed utility refund. On Monday, Ohio commerce officials made history when they handed over an unclaimed funds check -- not to a person, but to the city of Elyria. David Goodman is the state commerce director. He tells the story to Ohio Public Radio’s Bill Cohen.