Auditor Lea begins attempt to claim U.S. savings bonds | Arkansas Blog

Tuesday, December 1, 2015

Auditor Lea begins attempt to claim U.S. savings bonds

Posted By on Tue, Dec 1, 2015 at 7:17 AM

State Auditor Andrea Lea has taken the next step in the state's quest to get potentially tens of millions in unclaimed U.S. savings bonds converted to state property.

She's written a letter to the Treasury Department formally requesting the bonds, as provided in a recent court ruling in Washington County. 

As I wrote earlier, this is a long road a number of states are taking to claim bonds that have always accrued in the past to the benefit of the seller, the U.S. government. The Treasury Department has proposed a rule to prevent state claims on such a windfall.

The state anticipates Treasury will not supply bonds or the names of all bonds purchased by people whose last known address was in Arkansas. That would then lead to an action in the federal court of claims.

Tags: ,


Comments (3)

Showing 1-3 of 3

Add a comment

Subscribe to this thread:
Showing 1-3 of 3

Add a comment

More by Max Brantley

Readers also liked…

  • Deputy killed, police chief wounded in Sebastian County. Suspect in custody

    40/29 TV reports that two law officers were shot about 7 a.m. today near Hackett in Sebastian County and at mid-afternoon came word that one of them had died. Later in the day a suspect was taken into custody in the shooting.
    • Aug 10, 2016
  • The LR chamber does the public's business. Is it accountable? Blue Hog on the case.

    Matt Campbell, lawyer and Blue Hog Report blogger, has sent a Freedom of Information Act request to Jay Chessir, director of the Little Rock Regional Chamber of Commerce, and Mayor Mark Stodola related to the publicity stunt yesterday  built around withdrawing from the mayor's rash pronouncement that the city would seek an Amazon HQ2 project even though the city  didn't meet the company's criteria.
    • Oct 20, 2017
  • 'Million-Dollar Thursday': A visit to Sherwood's hot check court

    We take a visit to the weekly hot check court in Sherwood District Court, the subject of a recent civil rights lawsuit filed by ACLU Arkansas and others, who say the system there results in a modern-day debtor's prison
    • Aug 25, 2016

Most Shared

Most Viewed

Most Recent Comments


© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation