Monday, October 12, 2009
One of the more unusual booths at this year's Mississippi State Fair is the one manned by the state treasurer's office. Staffers at the Unclaimed Property Booth, located inside the Trademart building, will attempt to match residents with more than $45 million in unclaimed funds.
State Treasurer Tate Reeves said that banks, savings and loans, insurance companies and travelers' check companies must report unclaimed funds to his office after the funds are dormant for five years, reports WAPT. In Mississippi, more than 300,000 individuals have left those accounts unclaimed. Reeves hopes to return at least some of the funds to the people who own them through the booth, which will be open through Oct. 18, when the fair closes.