| ||||||||||
 
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... 
|
Treasurer Hollenbach's legislative agenda moves forward One proposal to would have the Treasure Finders Program help return up to $200 million in U.S. Savings Bonds which no longer earn interest held by Kentuckians to their owners. Another would establish procedures to put unclaimed asset money into the state's General Fund. Yet another proposal would establish a Kentucky Financial Literacy Commission Click on headline for complet e article By Mark Pfeiffer & Bethany E. Goad Frankfort, KY (March 2014) - Kentucky Treasurer Todd Hollenbach has three proposals from his legislative agenda making their way through the Kentucky General Assembly. Two were introduced in the senate, one dealing with the checks and balances between constitutional officers and the legislature. The second relates to the United States Treasury which is currently holding nearly $16 billion worth of matured U.S. Savings Bonds that are no longer paying interest. Of that amount over $200 million belongs to owners with addresses in Kentucky. "Senate Bill 235 sponsored by Senator Morgan McGarvey provides the greatest opportunity for the return of these hard earned savings to the rightful owners, their heirs and the people of the Commonwealth", said Kentucky Treasurer Todd Hollenbach. "The savings were invested by these good citizens, in good faith, through the U.S. Saving Bonds program to provide support for the government's war efforts", the Treasurer noted. Now the Federal Government is holding the funds hostage by refusing to comply with Kentucky's unclaimed property statues, making little or no effort to notify the bond owners or report the bonds to the state as abandoned property so that the Treasury can locate the rightful owners and return the cash through the proactive Treasure Finders program. "Most of the bonds have matured and no longer accrue interest," Hollenbach said. "Consequently, inflation has eroded the value of the bonds." Treasurer Hollenbach also proposed legislation in response to a bipartisan concern about the use of funds recovered by constitutional officers though legal actions. "The current law requires only written notification to the legislative leadership", the Treasurer said. Senator Robin Webb introduced Senate Bill 223 that would insure those recovered funds are deposited into the general fund and that the General Assembly would have oversight of the appropriation of the money. An additional measure proposed by the Treasurer and sponsored by Representative Jim Glenn would form the Kentucky Financial Literacy Commission. It has passed the House and is now in the Senate. "I'm grateful to Representative Glenn and Senators Webb and McGarvey for sponsoring these important pieces of legislation", Hollenbach added. This story was posted on 2014-03-10 08:36:16
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic Kentucky:
KY Fish and Wildlife Commission proposes new fishing regulations for 2015 Kentucky's unemployment rate down in January 2014 KY Highway Department: Illegally placed signs will be removed Bill to protect seniors & disabled adults passes senate Barren Co., KY: Former mental health center co-owner indicted Salato Wildlife Education Center in Frankfort to reopen Judicial Branch implements expungement certification process KRS Investment Committee Meeting today in Frankfort, KY Hendrickson USA LLC to add new facility in Elizabethtown, KY AG Jack Conway files complaint against Propane Provider View even more articles in topic Kentucky |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
 Provided by the Adair Co Fiscal Court and the Adair Co. Emergency Mgt. Agency 
|
||||||||
|
| ||||||||||
|
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
|
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
| ||||||||||
