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For Immediate Release

February 17, 2012

Treasurer Makes Live Appearance on ABC's Good Morning America
Cowell returns more than $374,000 in unclaimed property funds to North Carolina schools

gma_balloons315.jpgARAPAHOE, N.C. – State Treasurer Janet Cowell appeared live on ABC’s Good Morning America today to present more than $374,000 in unclaimed property to representatives from North Carolina schools, colleges and universities.
Cowell presented three checks for the following amounts on Good Morning America’s “Show Me the Money” segment:

  • More than $229,000 to the N.C. Department of Public Instruction
  • More than $127,000 to the University of North Carolina System
  • Nearly $18,000 to the N.C. Community College System

The presentation was broadcast live from Arapahoe, N.C., where Arapahoe Charter School received the single largest amount of any individual school at $47,720.

Unclaimed property consists of bank accounts, wages, utility deposits, stocks, bonds, and other property types that have been abandoned due to a loss of communication or oversight. The Unclaimed Property Division of the N.C. Department of State Treasurer returned more than $44 million in unclaimed cash in 2011. North Carolinians can search for unclaimed property at www.nccash.com.