PRESS RELEASE

FOR IMMEDIATE RELEASE
May 18
, 2006

CONTACT: Emily Schmidt
225-342-0012

State Treasury and Lakeside Mall to Host Unclaimed Property Event
Louisiana Has $299 Million in Lost Money…Some of It May Be Yours  

BATON ROUGE, LA - The state owes $299 million in unclaimed property to Louisiana citizens, and New Orleans area residents can see if any of this money belongs to them at an Unclaimed Property Awareness Day on Saturday, May 20 at the Lakeside Mall.

“Our highest unclaimed property refund ever was $1 million for a retired schoolteacher from New Orleans,” said Treasurer Kennedy. “For anyone who may be hesitant to go to the mall to look for money, let me assure you there are no strings attached with the unclaimed property program. It only takes a few minutes to look up your name or the name of someone you know, and it’s a free service.”

Treasurer Kennedy and department representatives will be located at the Veterans Skylight Court of Lakeside Mall, located at 3301 Veterans Memorial Blvd., from 10 a.m. to 3 p.m. They will help anyone who finds unclaimed property to file a claim for his or her money. As always, this is a free service.

Individuals attending the unclaimed property event should bring a driver’s license and some other form of identification with a Social Security Number to claim their money. The typical turnaround for most unclaimed property claims is six to eight weeks. The quickest way for the Treasury to process a refund is if there is a Social Security Number and an address match for a claim.

“You’ve worked hard for this money, and it’s our job to return what rightfully belongs to you,” said Treasurer Kennedy. “Over the past few years, the Treasury has traveled to shopping malls statewide to return millions of dollars to its rightful owners. Even if you’re not able to attend the unclaimed property event this Saturday, you can search for money online at www.latreasury.com or call our toll-free hotline at 1-888-925-4127.”

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