Home » Treasurer’s Office seeks to return $26 million to disaster counties

Treasurer’s Office seeks to return $26 million to disaster counties

Hollenbach Reorganizes Office to Put Storm Victims First for Unclaimed Property!

FRANKFORT, Ky. (March 15, 2012) – Employees in the unclaimed property division of the Kentucky Treasurer’s Office are working to locate the rightful owners of more than $26-million dollars in unclaimed property in the counties hardest hit by the violent storms of March 2nd.

The Treasurer’s Office approached Lexis Nexis, an information technology services company, for assistance and the company generously agreed to donate enhanced software to speed up the process of locating and verifying the owners of over 99-thousand claims in the federally designated disaster counties.

“We are reorganizing our human resources and reprioritizing our efforts here in Treasury to find the folks in the storm counties, and issue them a check as quickly as possible so they can get the money in their hands to help them rebuild their lives.” said State Treasurer Todd Hollenbach.

The Treasurer’s Office has already taken steps to expedite the processing of current claims from those counties and will soon be sending out checks for 229 claims totaling more than $215,000.

“The folks in our office wanted to do something to help out immediately and we thought that if we could concentrate our efforts and move those claims tothe front of the line, we should be able to quickly return money to the people in the disaster areas who are in real need,” Treasurer Hollenbach added.

Additionally, the Treasurer’s Office is sending letters to local leaders in the affected counties with an offer to bring on site the Treasure Finder’s Program that uses local volunteers to locate unclaimed property holders.

Employees in the Treasurer’s Office are also collecting donations that will be forward to the American Red Cross.  Kentucky Government workers will also be reminded how they can help out storm victims when they receive their paychecks this week in the form of a public service message printed on their check stubs.

For more information visit our website at www.kytreasury.com