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Over 1,000 Owen countians have a treasure waiting for them that many may know nothing about.
The Office of the State Treasurer will bring its Treasure Finders outreach to Owen County later this month with a potential return of $325,641.
Each year, the Kentucky State Treasury receives millions of dollars from holders such as banks and insurance companies which must transfer assets of inactive accounts to the treasury for holding.
Kentucky Treasurer Todd Hollenbach attended Monday’s Owenton Rotary Club meeting to address the outreach.
“We’ve found approximately 1,700 properties held by the state treasury for Owen County,” Hollenbach said. “The unclaimed money isn’t the fault of the people, but it eventually ends up with us.”
In an effort to return the property to its rightful owners, Hollenbach created the Treasure Finders program in 2009 and since that time has returned approximately $76 million worth of claims.
The program will roll into Owen County from 10 a.m. to 2 p.m., April 25, at the Owen County Courthouse, located at 100 North Thomas Street.
Hollenbach will assemble a volunteer team by asking local officials to volunteer their time and knowledge. Officials are asked to recruit additional volunteers like local civic groups, businesses or religious leaders who would have an in-depth knowledge of community residents.
The volunteers will establish a phone bank, review property listings and call residents to inform them of potential unclaimed property.
Those with unclaimed property will then be instructed on how to proceed to claim their property from the treasury.
“We roll up our sleeves and work hard to locate potential claimants,” Hollenbach said. “Our goal is to return every dollar possible. In these tough economic times, many residents will welcome a call alerting them to an unclaimed financial treasure.”