Press Releases

Louisiana Unclaimed Property Program To Be Featured On "Dateline NBC" News Program

Secretary Kennedy Says Over $356,000 Given Back At Shopping Malls Across The State

January 29, 1999

BATON ROUGE - The overwhelming success of the Louisiana Unclaimed Property Program has caught the attention of a major national television newsmagazine, according to Department of Revenue Secretary John Kennedy.

On Monday, February 1, 1999 at 9:00 p.m. (CST), the NBC news program Dateline NBC is scheduled to air a story entitled "Found Money" which profiles Unclaimed Property programs in several states, including Louisiana. (Check your local listings for the NBC television network affiliate.)

"I am proud of the fact that our successful efforts at the Department of Revenue to return Unclaimed Property to their rightful owners has been recognized by such a major national news program," says Secretary Kennedy. "Governor Foster and I encourage the people of Louisiana to tune in on Monday night and learn more about how they may have a ''hidden treasure'' at the Department of Revenue."

In August of 1998, a Dateline NBC film crew covered the Department''s "Unclaimed Property Awareness Day" at Lakeside Mall in Metairie. At the event, thousands of shoppers were able to check their name to see if they were one of nearly 500,000 Unclaimed Property owners in the Department of Revenue''s computerized database. During the past year, the Department of Revenue has traveled to shopping malls across the state giving back more than $356,000 in Unclaimed Property to their rightful owners. This total includes more than $20,000 in Alexandria, $47,000 in Baton Rouge, $50,000 in Slidell, $55,000 in Lafayette and $184,000 in Metairie!

Under Louisiana''s Unclaimed Property Law, the Louisiana Department of Revenue is responsible for finding owners of unclaimed, intangible personal property turned over to the state. This unclaimed property may include payroll checks, checking and savings accounts, royalties, utility deposits, interest, dividends, stock certificates, and life insurance proceeds.

To find out if you or somebody you know has Unclaimed Property waiting at the Louisiana Department of Revenue, contact the Unclaimed Property Section toll-free at 1-888-925-4127, or search for names at http://revenue.louisiana.gov on the the Department''s Internet website. Written inquiries can be sent to: Louisiana Department of Revenue, Unclaimed Property Section, P.O. Box 91010, Baton Rouge, LA 70821-9010.

Since the Unclaimed Property Law was passed in 1972, the Department has returned more than $47 million of the $196 million of Unclaimed Property collected. "We expect taxpayers to pay their taxes on time and the least we can do at the Department of Revenue is to make sure that when we have some of their hard-earned money, we do our best to return it to them," says Secretary Kennedy. "Governor Foster said it best - it''s not our money and we''re going to give it back."