SULLIVAN COUNTY, Tenn. (WJHL)- Officials with the Tennessee Department of Treasury said there is currently more than $994 million in what is called an unclaimed property fund.
Part of that unclaimed money belonged to Sullivan County.
On Wednesday State Representatives John Crawford (R-Kingsport), Timothy Hill (R-Blountville), and Bud Hulsey (R-Kingsport) and State Senator Jon Lundberg (R-Bristol) presented that money to Sullivan County officials.
Sullivan County received a total of $9,966 in unclaimed property.
A check was also presented to the City of Bristol for $6,107 in unclaimed property.
Unclaimed property is defined as, “intangible assets such as bank accounts, stock certificates, checks, unclaimed wages, and refunds.”
“This could be as simple as taxes that’s been overpaid. It can be insurance policies that the individual passed away, and there’s no way to get that back to the family members. We don’t have addresses or whatever,” Representative John K. Crawford said. “When things like that happen, it goes and sits in the state coffers to where we can then, in the unclaimed part of it, we can distribute that out as it needs to be.”
According to a release issued Wednesday, the Treasury returned a record-breaking 48,425 claims in 2018 alone.
“We also want our citizens to know that they can go on our website through the phone number and check and see if they will have money out there that they have not claimed,” Representative Crawford said.
If you want to find out if you have unclaimed property in Tennessee you can visit THIS website, or call (866) 370-9429.
