State Treasurer Kennedy and Sen. Cleo Fields Present Check to University Chancellor

BATON ROUGE – Sen. Cleo Fields joined State Treasurer John Kennedy today in returning more than $43,000 in Unclaimed Property to Dr. Edward R. Jackson, Chancellor of Southern University. The presentation was made at a 11:00 a.m. press conference at the university.

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 our presentation today will get the word out on how they too can claim their money.

Unclaimed Property for a business 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. Southerns $43,000 in Unclaimed Property included money for its Baton Rouge and New Orleans campuses including utility deposits, miscellaneous checks, expense checks, money orders, vendor checks and refunds.

It is refreshing to know that a person when Secretary of Revenue and Taxation gave money back to citizens, said Sen. Fields. Its even more refreshing that hes doing it now at Treasury. If more government officials would follow this lead, wed be a lot better off in the state.

We are so pleased to have this money returned to Southern University and wish to thank Treasurer John Kennedy and Senator Cleo Fields for their efforts, said Southern University Chancellor Edward R. Jackson. The funds will be used to extend our recruitment activities and scholarship programs.

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