State Treasurer Returns Over $7200 Of Unclaimed EC Property To County School System

Darren Doyle, story:​
Kentucky State Treasurer Allison Ball returned $7,246.65 worth of unclaimed property to Edmonson County during the second quarter of 2017. This initiative proactively searches for unclaimed property in three key areas: local government, schools, and charities.

“I am a big believer in property rights,” Treasurer Ball said in a statement. “One of my favorite things to do in government is to return people’s property to them. It’s why the Unclaimed Property Division in my office is so important.”

The Kentucky State Treasurer administers Kentucky’s Unclaimed Property Fund. Unclaimed property generally consists of payroll checks, unclaimed safety deposit boxes, old life insurance policies, stocks, or vendor checks that have remained unclaimed by their owners after several years.

The funds were turned over to the Edmonson County Board of Education where Board Finance Officer Tiffany Carroll said the funds were earmarked to help pay for Accelerated Reader and Star Reading and Math Programs throughout the district.

Treasurer Ball's office says the Unclaimed Property Division has been working on proactively seeking schools, local governments, and charities in the states that have unclaimed property. According to the treasurer's office, this first two quarters alone, the division was able to proactively return a total $495,332.72 across the Commonwealth.

“Proactively reaching out to schools, local governments, and charities has been a priority of mine since taking office,” Treasured Ball shared. “It’s important to make sure these groups are aware that they have unclaimed property and we get it returned quickly.  These institutions are essential to local communities and any bit of money we can return to them can go a long way in strengthening the local economy.”

In total, Treasurer Ball has returned over $13.2 million dollars of unclaimed property during the first two quarters of 2017 and over $38 million since she took office. 

To check for unclaimed property, please visit www.treasury.ky.gov.

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