Photo: Office of the Kentucky Treasurer
Kentucky Treasurer Allison Ball announced that she has a set of priority bills that would return 100% of her remaining general fund and road fund appropriations back to the legislature, creating the ability to permanently operate the Treasury without the need for taxpayer funded appropriations annually. The bills, SB 76 and HB 88, would fund the Treasury entirely with restricted funds from unclaimed property, which currently fund 50% of Treasury operations. The bills are sponsored in the Senate by Wil Schroder, and in the House by Ken Fleming. This bill would not change how unclaimed property is currently delivered to Kentuckians. Treasurer Ball stated that the funding structure will be carefully set up according to parameters developed over the last year to ensure all claimants will be paid for their claims.