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School district receives $10,000 more in unclaimed property

Staff Report //March 12, 2018//

School district receives $10,000 more in unclaimed property

Staff Report //March 12, 2018//

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Richland County School District 2 has received an additional $10,000 in unclaimed property from S.C. Treasurer Curtis Loftis.

The treasurer’s office announced it had identified a total of $193,697 of unclaimed property for state school districts during a March 1 meeting of the S.C. Association of School Administrators. Richland 2 was slated to receive $36,354 before further research found an additional $10,732 due to the district.

“It’s always a good day when we can return unclaimed property, but to be able to return a good bit more than was expected is particularly nice,” Loftis said in a news release. “This money can make a meaningful impact for the students of Richland 2, and we’re excited to be able to reunite thedistrict with funds that rightfully belong to it.”

Currently, the treasurer’s office is the custodian of more than $550 million in unclaimed property across the state. Types of property covered by the program include dormant bank accounts, uncashed checks, unclaimed insurance proceeds and forgotten utility deposits. The office holds those funds until they are claimed.

The Unclaimed Property Program returned nearly $33 million in 2017, bringing the total amount of money returned so far during Loftis’ administration to $137 million.

“With the increased focus on student safety and school enhancements, this money is very welcome,” Richland 2 School Board Chairman Craig Plank said. “There’s always a need for funding, and this money will undoubtedly be put to good use.”

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