Kentucky State Treasurer Allison Ball returned $4,922 worth of unclaimed property to the Marshall County Board of Education on Tuesday morning.
“I am a big believer in property rights,” Ball said in a statement. “One of my favorite things to do in government is to return people’s property back to them. I’m thankful my office is able to play a role in returning money to this organization.”
The proactive initiative searches for unclaimed property in three key areas: local government, schools and charities. That money can go a long way in helping charities around the Commonwealth, she said.
“We are very grateful that Treasurer Ball took the time and effort to seek these funds out for us,” Marshall County Superintendent Trent Lovett said in a statement. “It’s always great for a school system to receive more funding, especially when it is unexpected. The money returned to us will be put to good use here to further the education of students in Marshall County.”
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.
Since Ball has taken office, the Unclaimed Property Division has been working on proactively seeking schools, local governments and charities in the state that have unclaimed property. The division was able to return a total $264,809.39 across the Commonwealth in the first quarter.
“Proactively reaching out to schools, local governments, and charities has been a priority of mine since taking office,” Ball said. “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, Ball has returned over $5.9 million dollars of unclaimed property during the first quarter of 2017 and over $30 million since she took office.
To check for unclaimed property, please visit http://www.treasury.ky.gov.