Treasurer Kennedy Joins Rep. Kennard in Presenting Check to LSU Chancellor

BATON ROUGE, LA – Rep. Donald Ray Kennard joined State Treasurer John Kennedy yesterday in returning $27,000 in Unclaimed Property to Mark A. Emmert, Chancellor of Louisiana State University (LSU). The presentation was made at a 9:30 a.m. press conference at the Chancellors Office on the LSU campus.

With the Unclaimed Property program, a university is just like a Louisiana citizen; if it has money that it hasn’t claimed, its our job to give it back, said Treasurer Kennedy. Thousands of businesses do not realize that they have Unclaimed Property with the state, so were hoping that this presentation will get the word out on how they too can claim their money.

Unclaimed Property for a company or university includes any money in the normal course of business that has not been claimed including accounts payable, dormant bank accounts or dividend checks. LSU’s $27,000 included utility deposits, tax refunds, money orders, vendor checks, expense checks and bank accounts.

Its a pleasure for me to be returning $27,000 to Louisiana State University, said Rep. Kennard. This amount will certainly help fund some phase of higher education. The Legislature along with Treasurer Kennedy will continue to be a watchdog for those that are due these returns.

I am very pleased to accept the Unclaimed Property check on behalf of LSU, said Chancellor Emmert. The citizens of the state can be assured that these funds will be put to good use in advancing the university’s educational mission.

Businesses or individuals searching for Unclaimed Property can call toll-free (in-state only) 1-888-925-4127 or visit www.treasury.state.la.us. Written inquiries can be sent to the Louisiana Department of the Treasury, Unclaimed Property Division, P.O. Box 91010, Baton Rouge, LA, 70821-9010.

Contact:
Sarah Mulhearn, Communication Director
(225) 342-0012