Unclaimed property program returns $36M last year
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.