BATON ROUGE, LA – Louisiana’s Unclaimed Property Program shattered records by returning $35.5 million in refunds to 116,000 individuals during the 2013-2014 state fiscal year, according to State Treasurer John Kennedy. This is the most money given back in a single year during the program’s 42-year history.


“I am so proud that we were able to return this much money. We beat our previous year record by $4.2 million,” said Treasurer Kennedy. “This isn’t our money. It is taxpayers’ money, and it belongs back in their hands.”


Since 1972, the Unclaimed Property program has returned more than $338 million to almost 570,000 Louisiana citizens. Treasurer Kennedy and Unclaimed Property employees travel to shopping malls and other venues to locate Unclaimed Property owners. This month, the program is printing the names of people with at least $50 in unclaimed property in newspapers across the state.


The average Unclaimed Property claim is $660. Unclaimed Property includes old savings and checking accounts, payroll checks, CDs, stocks and dividends, insurance proceeds, oil and gas royalty payments and utility payments. When a business cannot locate someone, usually because of a wrong address, the state receives the money for safekeeping.


“We get more money in as quickly as we return it. We’re holding more than $635 million in Unclaimed Property,” said Treasurer Kennedy. “Christmas is around the corner. It’s the perfect time to check and see if you’re owed money. Check for yourself, check for relatives and check for friends. It’s absolutely free to search and to claim your money.”


Search online at www.LATreasury.com or call 1-888-925-4127.

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us