Kentucky State Treasurer Allison Ball returned nearly $5,000 worth of unclaimed property to the Marshall County Board of Education Tuesday morning.
"I am a big believer in property rights," said Ball, presenting a check for $4,922 to Marshall County Superintendent Trent Lovett. "One of my favorite things to do in government is to return people's property back to them. I'm thankful my office is able to play a role in returning money to this organization."
The initiative seeks to return unclaimed property in three key areas: local government, schools and charities. The treasurer administers Kentucky's Unclaimed Property Fund, which generally consists of payroll checks, unclaimed safety deposit boxes, old life insurance policies, stocks, or vendor checks that have remained unclaimed by their owners after several years.
"It's always great for a school system to receive more funding, especially when it is unexpected. The money returned to us will be put to good use here to further the education of students in Marshall County," Lovett said.
In this quarter, the division was able to return $264,809.39 across the commonwealth. In total, Ball has returned over $5.9 million dollars of unclaimed property during the first quarter of 2017 and over $30 million since she took office.
"It's important to make sure these groups are aware that they have unclaimed property and we get it returned quickly," Ball said. "These institutions are essential to local communities and any bit of money we can return to them can go a long way in strengthening the local economy."