Check from Treasurer Moore
Chancellor Allen C. Meadors, Richard Moore, Jackie Clark, Vice
Chancellor for Enrollment Management and Bruce Blackmon, Director,
University of North
Carolina at Pembroke Chancellor Dr. Allen Meadors received a check and
some great news recently from State Treasurer Richard Moore.
presented UNCP with a blown up check in the amount of $460,665, representative
of the amount of money that students received last year in the form
of grant money. Moore also promised that students would receive more
money this year.
"This is one
of the best parts of my job. Not only do I give people their unclaimed
property back, I also get to give the interest earnings to needy and
worthy North Carolina college students," Moore said.
Allen C. Meadors said the increased scholarship money from this fund
need and appreciate this scholarship money," Chancellor Meadors
said. "This type of scholarship money really helps our students
make ends meet."
Moore, as administrator
of the State Unclaimed Property funds, invests the holdings within the
Unclaimed Property fund and then transfers the interest earnings to
the North Carolina State Education Assistance Authority (SEAA). SEAA
then divides the money among the state's public universities, colleges
and community colleges in the form of student grant money. This money
goes to help students who would have to incur loans in order to pay
With $580 million
in unclaimed property Treasurer Moore was able to send $36 million in
interest earnings to the SEAA this year, the largest amount ever transferred.
UNCP faculty and
students were not the only ones happy about the money from the state.
Steven Brooks, Executive Director for SEAA, also expressed delight about
Treasurer Moore's announcement.
Moore has done an outstanding job encouraging business to turn in unclaimed
property to the state. Because of his efforts we are receiving our largest
check ever that will go toward grants for North Carolina's college students,"
Through the Unclaimed
Property Program (Escheats Fund), Treasurer Moore works to recover unclaimed
or forgotten property and to reunite these properties with the rightful
The Unclaimed Property
Program includes abandoned money - such as bank accounts, contents of
safety deposit boxes and checks - that have not been closed or cashed.
Those responsible for the money try to locate the owners, and if unsuccessful
after three years turn over the property to the Department of the State
Through an online
database, people can search by last name or city to see if the State
has unclaimed property belonging to them. This is a free service provided
by the State, and there is no deadline for filing a claim.
In 2002, the State
refunded more than $14.7 million in unclaimed property to the rightful
For more information
about Unclaimed Property visit www.treasurer.state.nc.us
or call Leah Anne Rice at 919.508.1025.
to University Newswire