Money identified through state’s Unclaimed Property program
Aug. 23, 2023 (McGehee, Ark.) – Auditor of State Dennis Milligan’s office, which administers the state’s unclaimed property program, the Great Arkansas Treasure Hunt, found the City of McGehee $1,013.61 it was owed through the program earlier this month.
“I’m happy to get this money back into the city where it can benefit the citizens of McGehee,” Milligan said. “We will continue our proactive outreach to Arkansas cities and counties to help get these funds back into local communities where they belong.”
Unclaimed property can be any number of items, such as unpaid life insurance benefits, forgotten bank accounts, certificates of deposit, contents of safe deposit boxes, etc. When owners abandon an account – through a move or a death, perhaps – and the holder of the money cannot locate the owner, the money or properties are submitted to the Auditor of State’s office. The Auditor’s office is required by law to return unclaimed property back to citizens.
“Since I took office on Jan. 10th, we’ve returned more than $16 million to citizens through the Great Arkansas Treasure Hunt,” Milligan said.
To see if you or your business might have unclaimed property in Arkansas, visit https://claimitar.com/.
Pictured is McGehee Mayor Jeff Owyoung (second from left) and city staff members with Outreach Manager Thomas Burchfield of the Auditor of State’s office (second from right). Learn more about the Great Arkansas Treasure Hunt at ClaimItAR.com.
Dennis Milligan was elected Auditor of State in 2023. The Auditor’s office is responsible for ensuring payroll for more than 600 state government elected officials, Supreme Court justices, prosecuting attorneys and deputy prosecutors. The office also administers the state’s Unclaimed Property Program, The Great Arkansas Treasure Hunt. Learn more at https://auditor.ar.gov/.