§ 30-73. Disposition of sale proceeds.

If the abandoned or lost property is sold at public sale pursuant to this division, the village shall deduct from the proceeds the costs of transportation, storage and publication of notice, and any balance of proceeds shall be deposited into an interest-bearing account not later than 30 days after the date of the sale and held there for one year. The agency shall provide a bill of sale clearly stating that the sale is subject to any and all liens. The rightful owner of the property may claim the balance of the proceeds within one year from the date of the deposit by making application to the agency. If no rightful owner comes forward with a claim to the property within the designated year, the balance of the proceeds shall be deposited into the state school fund.

State law reference

Similar provisions, F.S. § 705.103(3).