KENTUCKY — On this week’s ‘In Focus Kentucky’ program, Kentucky’s 39th state Treasurer, Mark Metcalf of Lancaster in Garrard County, is our guest.
The Kentucky State Treasurer is one of the original offices created by the Kentucky Constitution in 1792. Voters across the state elect a treasurer every four years and the person holding the office is limited to serving two consecutive terms.
As Treasurer, Metcalf now sits on several boards such as the Kentucky Teachers’ Retirement System, the Lottery Board, Kentucky Higher Education Assistance Authority, and the State Investment Commission.
During this segment, Metcalf discusses how his office has returned $10 million in unclaimed property to Kentuckians during his first four months in office. The Republican says that unclaimed property, which generally consists of items like payroll checks, unclaimed safety deposit boxes, old life insurance policies, or vendor checks that have remained unclaimed by their owners after several years, goes into the Unclaimed Property Fund.
People living in Kentucky can search through the existing database to discover if they have any unclaimed assets or funds. The Unclaimed Property Fund contains assets totaling over half a billion dollars. Those are assets owned by Kentucky residents and also Kentucky local government agencies.
Metcalf also covers in this segment The STABLE Kentucky initiative, which is a program that encourages saving and investments for Kentuckians with disabilities.
You can watch the full In Focus Kentucky segment in the player above.