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Posted on Mon. Nov. 16, 2009 - 10:15 am EDT Bookmark and Share Subscribe RSS   E-mail

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$385M in ‘unclaimed' fund
From The Associated Press

INDIANAPOLIS — Indiana is holding about $385 million in its unclaimed property fund, some of which belongs to well-known Hoosiers such as John Mellencamp and Larry Bird.

Indiana Pacers President Bird has $80 in unclaimed cash, while rock star Mellencamp has $828 waiting for him, The Indianapolis Star reported. Former Indiana Pacers star Reggie Miller has four checks totaling $1,073 in the fund, and Colts defensive end Dwight Freeney is owed $526.

Even some government agencies have unclaimed money being held by the state. The Bureau of Motor Vehicles, for example, has more than $100 waiting for it. The cash-strapped Capital Improvement Board, which runs Indianapolis' professional sports stadiums, was happy to learn that it had $1,374 in unclaimed funds.

“Wow!” said Executive Director Barney Levengood. “That's great.”

The state keeps unclaimed property for 25 years. The fund includes unpaid wages, old savings or checking accounts, stock dividends and insurance checks. If the money is never collected, the state keeps it, adding about $25 million a year to the general fund.

People can find money or property that belongs to them by searching www.indianaunclaimed.com or calling the Unclaimed Property Division at 1-886-462-5246.

Once people find unclaimed property, they can print a claim form, have it notarized and return it to the state to collect the cash.

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