Citizens Can Tap Into $207 Million in Unclaimed Funds to Help Pay Holiday Bills

BATON ROUGE, LA – Christmas is right around the corner, and citizens who need extra cash to pay their holiday bills should check with the State Treasury to see if the state owes them money, according to State Treasurer John Kennedy.

The holidays can be tough for Louisiana citizens, especially because of the economy, said Treasurer Kennedy. I encourage you to go to our Web site or call our toll-free hotline to see if the state has your money. If we do, well send you a check in time to pay your Christmas bills.

The state holds $207 million in payroll checks, bank accounts, royalties, utility deposits, interest payments, stock certificates and life insurance proceeds. When businesses cannot locate individuals they owe money to, they turn it over to the state, and it becomes unclaimed property. Unclaimed property also comes from banks and insurance companies that cannot locate individuals who have stocks, bonds or other types of inheritances bequeathed to them.

We’re hoping to spread a little good cheer this holiday season, because its the mission of the unclaimed property program to return this money to citizens, said Treasurer Kennedy. I’ve said it before that government expects us to pay our taxes on time and in the correct amount. Shouldn’t it be held to the same standard when it has your money?

To see if the state has Christmas Cash for you, log on to www.latreasury.comor call toll-free 1-888-925-4127. One in six individuals has unclaimed property listed with the state, and the average refund is $200 to $300.

Sarah Mulhearn
(225) 342-0012