Treasurer David McRae today presented Jackson State University with a check for more than $31,000 after the State Treasury found unclaimed property in the school’s name. This adds to the $9 million found and returned since McRae took office in January, $4.8 million of which was returned during the COVID-19 crisis.
“Returning unclaimed property is one way the State Treasury can give Mississippi an economic boost without adding to the financial burden hardworking taxpayers already carry,” said McRae. “I am hopeful these returned funds will go a long way as Jackson State University works to serve students in the age of COVID-19.”
Unclaimed property is turned over to the state when banks, credit unions, and even retail stores are unable to find the rightful owner. After five years, financial institutions turn that money over to the state and the Treasury’s Unclaimed Property Division is charged with finding the owner and returning the money.
Searching for unclaimed property is easy. Just visit treasury.ms.gov, enter your name in the search box, and click go.