$16 Million Returned To Businesses By LA Department Of The Treasury

Louisiana State Treasurer John Kennedy says his office returned $16 million to business last year.

Kennedy said,

I encourage businesses to check out Unclaimed Property database regularly. We don't just return money to individuals. We paid 2,146 claims filed by businesses in 2014.

$300,000 was returned by the Unclaimed Property program this month to Ochsner Health System alone.

Scott Posecai, chief financial officer for Ochsner Health System said,

Ochsner Health System regularly monitors Louisiana's Department of Treasury website to ensure that we account for all payments we  are scheduled to receive. We believe that it is part of fiscal responsibility to be proactive so we can continue to invest in high quality patient care services and technology to better serve the community.

 

At present the Louisiana Treasury is holding more than $635 million in unclaimed property which is lost money that is turned over to the state from various sources including payroll checks, old bank accounts, royalties, utility deposits, interest payments, stock certificates and life insurance proceeds.

For more information visit www.LATreasury.com.