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Unclaimed property program returns $36M last year

4 years 1 month 4 weeks ago Tuesday, November 18 2014 Nov 18, 2014 November 18, 2014 10:13 AM November 18, 2014 in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - Louisiana's unclaimed property program gave back more money during the last budget year than at any time in its 42-year history.

State Treasurer John Kennedy says the program returned $35.5 million to 116,000 people in the fiscal year that ended June 30, exceeding the previous record by $4 million.

Old savings and checking accounts, payroll checks, stocks and dividends, insurance proceeds, oil and gas royalty payments and other unclaimed money is sent to the state when a business cannot locate someone.

Louisiana has more than $635 million in unclaimed property. People can search online at www.LATreasury.com .

Kennedy has traveled around Louisiana to try to return the money. The program will print names of people with at least $50 in unclaimed property in newspapers this month in hopes of locating them.

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