FRANKFORT, Ky. (Oct. 9, 2014) — Treasure Finders, a statewide proactive outreach to notify potential claimants of lost and abandoned cash or tangible property being held by the Kentucky State Treasury, is returning to Franklin County.
Kentucky Treasurer Todd Hollenbach and Franklin County Sheriff Pat Melton will announce the return of the program at 11 a.m. Friday, October 10 in the Franklin County Sheriff’s Office.
“The last Treasure Finder’s event in Frankfort was held in October of 2011 and we found the rightful owners of 116 unclaimed properties totaling $124,388,” said Hollenbach, who developed the outreach. “Since then we’ve processed 1209 claims and returned $1,292,572.02 to the folks in Franklin County!”
“Now the Treasury has a list of 28-thousand new claims worth more than $4-million for Franklin County and we’re going to need volunteers again to help us find the rightful owners,” added Melton.
On Monday, October 13 from 10 a.m. to 2 p.m. in the Sheriff’s Office in Frankfort, the Treasurer and County Judge will direct a group of local volunteers to establish a phone bank, review the list of claimants and call residents to inform them of potential unclaimed property. Residents will then be able to come to the Sheriff’s Office to meet with treasury staff to help them begin the claims process.
Each year, the Kentucky Treasury takes custody of millions of dollars in property that is presumed lost or abandoned. Hollenbach has set a goal of returning $120-million in unclaimed property before his term ends in 2015. So far under his leadership the proactive Treasure Finders Program has returned a record $115-million, a new record for a Kentucky treasurer.