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10/27/2014
Treasurer McCord to Pennsylvanians: Find out if You Can “Strike it Rich” with Unclaimed Property
Bowling is a popular pastime and group activity, and with the 2014 World Series of Bowling taking place this week in Las Vegas, State Treasurer Rob McCord today highlighted another place to find pins, gutters or spares – Treasury’s free, online unclaimed property database at www.patreasury.gov. Learn more...

10/24/2014
Treasurer McCord Defends State Endowment Act in U.S. District Court
State Treasurer Rob McCord filed a brief in federal court yesterday, defending the constitutionality of the state Endowment Act. The law requires the $60 million in penalties that Penn State University is paying in the wake of the Jerry Sandusky case to be spent within Pennsylvania, and it designates the state treasurer as custodian of the funds. Learn more...

10/22/2014
Treasurer McCord 
Encourages Pennsylvanians to Learn About the Benefits of a 529 Plan During National Estate Planning Awareness Week Celebrated Oct. 20 – 26
 According to Sallie Mae’s “How America Pays for College 2014,” 17% of families relied on relatives to help pay for college. State Treasurer Rob McCord today encouraged grandparents looking to help pay their grandchildren’s higher education to learn more about a Pennsylvania 529 college saving plan, which offers great tax advantages and estate planning benefits. Learn more...

10/22/2014
Treasurer McCord Continues Call for More Women on Corporate Boards

State Treasurer Rob McCord has joined other institutional investors in writing to about 100 corporations on the Russell 1000 that lack women on their corporate boards, urging them to adopt policies that will increase their gender diversity. The letter originated from the Thirty Percent Coalition, a group that advocates for greater representation on corporate boards by women. Learn more...

10/17/2014
Treasurer McCord: Pennsylvania 529 Families Receive $6.5 Million to Help Pay for College
State Treasurer Rob McCord today announced that Pennsylvania 529 Guaranteed Savings Plan (GSP) account owners received $6.5 million to help make their college savings accounts grow even faster. Learn more...

10/7/2014
Treasurer McCord Highlights $87,000 in Unclaimed Property Owed to Cancer Treatment, Research Institutions This Breast Cancer Awareness Month
The Pennsylvania Treasury currently holds more than $87,000 in unclaimed property for cancer treatment, research and support organizations, said State Treasurer Rob McCord today as he urged these groups to find out if any of that property belongs to them during Breast Cancer Awareness Month. Learn more...

10/2/2014
Treasurer McCord to Fire, EMS Companies: Claim Your Cash During National Fire Prevention Month

During National Fire Prevention Month, families are urged to be aware of fire hazards and prepare a plan in the case of emergency. For the Pennsylvania Treasury’s Return Team, it is also a fitting time to make emergency responder units aware that the department currently holds $428,000 in unclaimed property for these types of entities in the free, searchable database at patreasury.gov. Learn more...

9/30/2014
PA Treasury Launches Innovative Public-Private Financing Program to Help Public, Nonprofit Organizations Make Advanced Energy Improvements
Local governments, schools, universities, and hospitals that want to reduce energy consumption or use alternative energy sources will have a new option for financing those improvements thanks to an innovative partnership between the Pennsylvania Treasury, the private sector, and leading nonprofits in the energy space. Learn more...

9/22/2014
Treasurer McCord: Nearly $100,000 Returned to PA SSHE Schools; $500,000 Still Available for Claim by PA Colleges and Universities
With nearly $100,000 in unclaimed property already returned to Pennsylvania’s 14 State System of Higher Education universities since January 2009, State Treasurer Rob McCord today reminded colleges and universities that another half a million dollars still remains to be claimed by higher education institutions. Learn more...

9/19/2014
Treasurer McCord Applauds PA Legislature’s Recognition of September as “College Savings Month;” Offers Free Enrollment in PA 529 Plan
State Treasurer Rob McCord said separate resolutions the Pennsylvania Senate and House of Representatives adopted this week marking September as “College Savings Month” underscores the benefits of saving versus borrowing for higher education – especially at a time when college loan debt has exceeded $1 trillion. Learn more...

9/16/2014
Treasury Creates $1.5 Billion Credit Line to Sustain State Operations
Responding to a request from the administration, Pennsylvania Treasurer Rob McCord, in consultation with Auditor General Eugene DePasquale, has extended a $1.5 billion line of credit to the commonwealth so it can cope with a General Fund cash balance that plunged below zero earlier this week. The administration borrowed $700 million against that line of credit on Monday. Learn more... | Attachments: 1 | 2 | 3 | 4 | 5 | 6 | 7 | McCord Report: Pennsylvania's Structural Deficit

9/8/2014
More than $700,000 Available to be Claimed by PA Schools, Districts
As students return to class this fall, State Treasurer Rob McCord wants to return some funds to Pennsylvania schools, noting that his department currently holds more than $700,000 in unclaimed property owed to schools, districts and education-related organizations – all of which can be searched and claimed for free at www.patreasury.gov. Learn more...

9/2/2014
Treasurer McCord: Help Older Loved Ones Claim Their Cash This Grandparents Day
The intent of Grandparents Day, held this year on September 7, is to celebrate the contributions and experiences of older loved ones, and State Treasurer Rob McCord offered another way to show support – finding out if older friends and family members are owed unclaimed property via patreasury.gov. Learn more...

8/28/2014
Time is Running Out to Save for College with the PA 529 Guaranteed Savings Plan before Higher Tuition Rates Take Effect September 1
State Treasurer Rob McCord reminds families that it is not too late to open and contribute to a PA 529 Guaranteed Savings Plan (GSP) account by August 31, 2014, to receive the 2013-2014 academic years’ lower rates. After that date, credit rates will rise due to tuition increases set by colleges and universities. Learn more...

8/28/2014
Treasurer McCord: $1 Million in Unclaimed Property Available for Claim by Labor Unions
The Pennsylvania Treasury currently holds just over $1 million in unclaimed property for labor unions and related organizations, State Treasurer Rob McCord announced today as he encouraged these groups to search and claim via www.patreasury.gov. Learn more...

8/25/2014
Rare and Valuable Unclaimed Items from Pennsylvania to be Auctioned This Week at Lancaster County-based Morphy Auctions
Diamond jewelry, designer watches, rare coins – hundreds of items that have been unclaimed for years will soon be up for bid at an auction conducted by Morphy Auctions in Denver, PA, State Treasurer Rob McCord announced today. It is part of Treasury’s ongoing effort to maximize revenues to the Commonwealth from property that is unlikely to be claimed. Learn more...

8/14/2014
Savings Alert! Save for College with the PA 529 Guaranteed Savings Plan before Higher Tuition Rates Take Effect September 1
Pennsylvania Treasurer Rob McCord today announced that the 2014-2015 PA 529 Guaranteed Savings Plan (GSP) credit rates have been posted online at PA529.com. Families should open and contribute to an account by August 31, 2014, to receive the 2013-2014 academic year’s lower rates. After that date, credit prices will rise due to tuition increases set by colleges and universities. Learn more...

8/13/2014
During 75th Anniversary of Little League, Treasurer McCord Wants to Help PA Youth Baseball and Softball Teams Claim Their Cash
Every summer, the world’s most elite youth baseball teams head to Williamsport to compete in the Little League World Series, but this year’s tournament is especially historic as it coincides with the 75th anniversary of Little League baseball itself. To mark this occasion, State Treasurer Rob McCord today highlighted nearly $64,000 in unclaimed property owed to youth baseball and softball teams and organizations in Pennsylvania, which can be claimed for free at patreasury.gov. Learn more...

8/7/2014
Treasurer McCord: Unclaimed Property Can Help Local Pools, Swim Clubs Stay “Afloat”
Local swim clubs help members beat the summer heat, but many struggle with reduced community funding and high maintenance costs, a problem that the Pennsylvania Treasury is helping to remedy for Rainbow Hills Swim Club in Harrisburg with the return of its unclaimed property. State Treasurer Rob McCord today urged other swim clubs to consider this often overlooked revenue source, noting that his department currently holds more than $83,000 for these types of venues. Learn more...

8/6/2014
PA 529 College Savings Program Continues to Prosper, Serving 188,000 Future Students with Nearly $3.4 Billion in Assets
State Treasurer Rob McCord today reported that the Pennsylvania 529 College Savings Program marked a strong, record-setting fiscal year in terms of number of accounts and total assets. Learn more...

8/4/2014
New Law Protects Pennsylvanians Recovering Lost Money and Items
At the urging of state Treasurer Rob McCord, legislation enacted this month will guard Pennsylvanians against fraud and deceptive practices when they employ a service to help them claim their money or property that has been turned over to the state. Learn more...

7/15/2014
PA Treasurer McCord Returns $5,500 in Unclaimed Property to Veterans Leadership Program of Western Pennsylvania
State Treasurer Rob McCord today presented leaders of Veterans Leadership Program of Western Pennsylvania with a mock check representing the $5,500 in unclaimed property the organization claimed earlier this year. During his visit to the group’s headquarters, the Treasurer also highlighted an additional $18,000 in unclaimed property his department holds for veteran assistance and support organizations throughout the state, which can be searched and claimed for free at www.patreasury.gov. Learn more...

7/01/2014
Treasurer McCord: $223 Million in Property Tax, Rent Rebates on Way to PA Seniors, Residents with Disabilities
$223 million in property tax and rent relief is on the way to more than 455,000 Pennsylvania seniors, widows, widowers and people with disabilities, State Treasurer Rob McCord said today as he announced that the direct deposits and checks were issued today by his department. Learn more...

6/16/2014
Treasurer McCord Names Karen Spencer Kelly to DRPA
State Treasurer Rob McCord has appointed Karen Spencer Kelly, a lawyer with the firm Stevens and Lee, to the Delaware River Port Authority (DRPA) Board. Kelly is a former chief counsel at the Pennsylvania Treasury Department, serving in that role under McCord for almost two years in 2009-10. Learn more...

6/03/2014
This Father's Day, Great Gifts up for Bid at PA Treasury eBay Store
Families looking for a gift for Dad this Father's Day should visit the Pennsylvania Treasury's eBay auction for unclaimed property at patreasury.gov, State Treasurer Rob McCord reminded today. Vintage wristwatches, pocket watches and 14-karat cuff link sets have just been added ahead of the holiday and are up for bid along with other unclaimed items from Treasury's Vault.Learn more...

5/21/2014
Treasurer McCord Urges Governor Not to Appeal Same-Sex Marriage Case
Citing the waste of taxpayer funds, state Treasurer Rob McCord today urged Governor Tom Corbett not to challenge a federal court ruling that struck down Pennsylvania’s ban on same-sex marriage as unconstitutional. Learn more...

5/14/2014
PA Treasury Works to Reunite Law Enforcement Units with Nearly $135,000 in Unclaimed Property during National Police Week
The Pennsylvania Treasury currently holds nearly $135,000 in unclaimed property belonging to law enforcement units, and during National Police Week, State Treasurer Rob McCord urged police departments and offices to visit patreasury.gov to find out if any belongs to them. Learn more...

5/12/2014
During National Hospital Week, Treasurer McCord Highlights Nearly $2 Million in Unclaimed Property up for Claim by Hospitals, Health Care Facilities
This National Hospital Week, State Treasurer Rob McCord highlighted nearly $2 million in unclaimed property his department currently holds for hospitals, clinics and medical care facilities. These funds, like all of the $2.2 billion in unclaimed property Treasury holds, are available for search and claim at patreasury.gov. Learn more...

5/6/2014
This Mother’s Day, Reunite Mom with her Unclaimed Property
There are many gifts that would delight moms this Mother’s Day, but the gift of found money is one that can truly make a difference in the life of a loved one, State Treasurer Rob McCord noted today as he reminded families to remember Treasury’s unclaimed property program when considering ways to celebrate the special women in their lives. Learn more...

4/30/2014
Treasurer McCord Pleased Court Stands By Endowment Act Ruling
Commonwealth Court refused today to allow re-argument over the state Endowment Act’s constitutionality. Learn more...

4/17/2014
Treasurer McCord Appoints Jacqueline Cook to Chair Tax Appeal Board
Jacqueline A. Cook of New Cumberland will become the first chairperson of the newly constituted Board of Finance and Revenue (BF&R) when it begins operating under its revised statute this month. State Treasurer Rob McCord announced her appointment today as his designee. He also announced that a new BF&R web site will improve public access to tax appeal information and the operation of the board. Learn more...

4/16/2014
PA Treasurer McCord Highlights $139,000 in Unclaimed Property Owed to Libraries, Bookstores and Literacy Organizations During National Library Week
This National Library Week, State Treasurer Rob McCord reminded libraries, book stores and literacy organizations that there is more than $139,000 in unclaimed property up for claim in Treasury’s free, searchable online database at www.patreasury.gov. Learn more...

4/9/2014
Treasurer McCord Issues Statement in Response to Commonwealth Court’s decision in Corman, McCord v. National Collegiate Athletic Association
“I am pleased with Commonwealth Court’s decision upholding the constitutionality of the Endowment Act. It vindicates our view that the Treasurer has an important custodial role in receiving the NCAA’s penalty money. My office is ready to help ensure that this penalty money benefits Pennsylvania-based child abuse programs...." Learn more...

4/9/2014
Treasurer McCord Helps Launch National Home Energy Loan Partnership
Pennsylvania State Treasurer Rob McCord, along with businesses and organizations from the public and private sectors, announced today the creation of a groundbreaking national partnership to bring low-cost financing on a large scale to home energy efficiency improvement. Learn more...

4/1/2014
Treasurer McCord Joins Institutional Investors Calling for Independent Investigation at Duke Energy
State Treasurer Rob McCord expressed profound concern that recent findings about Duke Energy Corporation’s conduct related to a major environmental accident could wind up diminishing the long-term value of Pennsylvania’s nearly $44 million in securities issued by the company. Learn more...

3/31/2014
PA Treasurer McCord: This Trout Season, Don’t Forget to Also Go Fishing for Unclaimed Funds
Anglers will soon be heading to Pennsylvania’s more than 85,000 miles of streams and rivers as Trout Season kicks off across the commonwealth. State Treasurer Rob McCord today highlighted some fishing-themed names in Treasury’s free online database to encourage residents to find out if any of the $2.2 billion in unclaimed property Treasury holds belongs to them. Learn more...

3/27/2014
Treasurer McCord Supports Same-Sex Couple in Unprecedented U.S. District Court Filing

State Treasurer Rob McCord today petitioned federal court for permission to submit a friend-of-the-court brief in a pending marital rights case, seeking to ensure the court receives the balanced perspective of a statewide elected executive who is able to identify specific issues in which same-sex couples are deprived of equal treatment under the law when accessing state-sponsored programs and benefits. Learn more... | Read the amicus brief

3/25/2014
PA Treasury Reminds Employers April 15 is Deadline to File Annual Unclaimed Property Reports
Employers must report dormant financial assets and unclaimed tangible items to the Pennsylvania Treasury by April 15, State Treasurer Rob McCord reminded today. Compliance with this important annual deadline allows Treasury to return unclaimed property to the rightful owners, the Treasurer noted, as his department continues its concerted effort to educate businesses and organizations of their obligations under this state law. Learn more...

3/20/2014
Treasurer McCord: Millions in Unclaimed Life Insurance Benefits Up for Claim, Some Could Be Yours
Life insurance is an important tool to protect the economic security of loved ones, but State Treasurer Rob McCord today reminded Pennsylvanians to take steps to ensure that these benefits serve their intended purpose and do not end up as unclaimed property reported to the Pennsylvania Treasury. The Treasurer noted that his department has reunited $13.2 million in unclaimed life insurance benefits with the rightful owners, but much more remains available for claim in Treasury’s free online database at www.patreasury.gov. Learn more...

3/11/2014
Pa. Treasury, Blue Hill Partners Inaugurate Campus Energy Efficiency Fund Project at DrexelThe Pennsylvania Treasury, in partnership with Blue Hill Partners, today announced the launch of a $6.6 million energy efficiency project to upgrade five buildings at Drexel University in Philadelphia.  Blue Hill Partners co-developed the project with SCIenergy. Blue Hill manages the Campus Energy Efficiency Fund (CEEF) that led investment in the project. The Pennsylvania Treasury created CEEF to help Pennsylvania colleges and universities lower their operating expenses through innovative energy efficiency and sustainability projects.  Other investors in the project are SCIenergy, Mitsui USA, The Reinvestment Fund and Philadelphia Industrial Development Corp. Learn more...

3/10/2014
PA Treasury Wants to Fill Your “Pot O’ Gold” With Unclaimed Funds This St. Patrick’s Day
Everyone might be Irish on St. Patrick’s Day, but this year you don’t need the “luck of the Irish” to put some of your money back in your wallet, State Treasurer Rob McCord announced today as he highlighted holiday-themed names to raise awareness of Treasury’s Unclaimed Property Program. Learn more...

3/7/2014
Hundreds of Pennsylvania Employers Helping Employees Save for Higher Education with the PA 529 College Savings Program
Pennsylvania Treasurer Rob McCord today saluted the hundreds of Pennsylvania employers who are demonstrating appreciation for their employees by helping them address one of their biggest financial concerns – being able to afford college for their kids. Learn more...

2/28/2014
State Treasury and BNY Mellon Resolve Sigma Claim
The state Treasury and the two largest state public pension systems have reached an agreement with BNY Mellon to recover a portion of the funds lost in connection with an investment in Sigma Finance Inc. during the severe national economic downturn of 2007-08. Learn more...

2/24/2014
Treasurer McCord Files Petition to Safeguard State Employee Safety
Faced with the threat of a lawsuit, or releasing information that could jeopardize the safety and security of some public employees, Treasurer Rob McCord today asked Commonwealth Court to resolve a conflict concerning the application of the state Right to Know Law. Learn more...

2/21/2014
Treasurer McCord Hopes to Help Pennsylvanians Reach Their Savings Goals During America Saves Week 2014
State Treasurer Rob McCord today announced a free five-part webinar series hosted by the Pennsylvania Treasury and its partners in the public and private sectors that are intended to help Pennsylvanians create a plan to save as part of the nationally celebrated America Saves Week, scheduled for February 24 – March 1, 2014. Learn more...

2/19/2014
PA Treasury Working to Return More Than $93,000 in Unclaimed Property to African American Organizations, Institutions During Black History Month
More than $93,000 in unclaimed property is up for claim by African American organizations and institutions, State Treasurer Rob McCord announced today, and this Black History Month the Pennsylvania Treasury wants to return it to the rightful owners. Groups can visit www.patreasury.gov to find out if any belongs to them. Learn more...

2/18/2014
Treasurer McCord: 2013 was a Record-Breaking Year for College Savings in Pennsylvania
Pennsylvania families last year displayed a remarkable commitment to saving for their children’s future, Treasurer Rob McCord reported today as he chaired the quarterly Tuition Account Program Advisory Board meeting. More than $422.3 million was invested in the Pennsylvania 529 College Savings Program in 2013, an 11 percent increase from 2012, and the number of open accounts grew by 5.23 percent. Learn more...

2/14/2014
This Presidents Day, Lincolns and Jacksons are up for Claim through Treasury’s Unclaimed Property Program

Presidents Day sales may be hard to resist this holiday weekend, but today State Treasurer Rob McCord noted a way to put some money back in your wallet – Treasury’s Unclaimed Property Program. The Treasurer spotlighted the names of presidents and first ladies that appear in Treasury’s free unclaimed property database, but encouraged all Pennsylvanians to search www.patreasury.gov to find out if any of the $2.2 billion in lost and forgotten money and items Treasury currently holds belongs to them. Learn more...

2/11/2014
Treasurer McCord: Treasury Serves as “Profit Center” and Again Produced Strong Earnings for PA in 2013
During Legislative Appropriations Committee hearings today, Treasurer Rob McCord highlighted another strong fiscal performance of the Treasury Department last year and the department’s role as a money-maker for the state, pointing out that Treasury produces non-tax-related revenue in the course of providing valuable services for the citizens of Pennsylvania. Learn more...

2/7/2014
PA 529 College Savings Program Partners with PHEAA to Offer Free Financial Aid Guidance
State Treasurer Rob McCord today encouraged families of college-bound juniors and seniors to go to PA529.com to sign up for a free FAFSA completion webinar offered on February 12 and 13 at noon and 6:00 P.M. The Free Application for Federal Student Aid (FAFSA) is used to determine if students qualify for almost all forms of need-based financial assistance, including the Pennsylvania State Grant, Federal Pell Grant, many scholarships, work-study programs, many school-based awards, and federal student loans. Learn more...

2/4/2014
Treasurer McCord: Corbett’s Budget Caps Four Years of Poor Management
For the fourth straight year, Governor Tom Corbett has proposed a budget that leaves Pennsylvania’s major financial problems unaddressed, one that seems to ensure Pennsylvania will be worse off than it was when the governor took office, state Treasurer Rob McCord said today after listening to Corbett’s annual budget address. Learn more...

1/31/2014
Treasurer McCord: PA Treasury Vault Offers Unique, Convenient Valentine’s Day Gifts Looking for a special gift for your Valentine? State Treasurer Rob McCord today reminded Pennsylvanians of a convenient and unique shopping option – Treasury’s eBay auction for unclaimed property at www.patreasury.gov. Shoppers can bid on unclaimed items such as 14K gold jewelry, designer watches, diamond rings and pendants that would put a smile on any recipient’s face this Valentine’s Day. Learn more...

1/28/2014
Treasurer McCord: Governor Wasting More Public Funds on Voter ID Law
State Treasurer Rob McCord said today that Governor Tom Corbett’s decision to continue the Voter ID litigation by seeking Commonwealth Court reconsideration as a precursor to an appeal to the State Supreme Court wastes public money and is indicative of the administration’s misguided priorities. Corbett announced yesterday that he would ask for a reconsideration of Commonwealth Court Judge Bernard McGinley’s January 17 ruling that the law requiring voters to show photo identification at their polling place is unconstitutional. Learn more...

1/27/2014
Amidst Cookie Sales and Scout Week Activities, PA Treasurer McCord Highlights Nearly $40,000 in Unclaimed Funds Owed to Scout Groups
Girl Scout Cookies are for sale and Boy Scout Week is approaching, so State Treasurer Rob McCord today took the opportunity to remind troops across the Commonwealth of a potential source of revenue they might not have known about – Treasury’s unclaimed property program – by highlighting nearly $40,000 in lost or forgotten funds his department holds for scout groups. Learn more...

1/23/2014
Treasurer McCord: Governor Should Not Appeal Voter ID Ruling

State Treasurer Rob McCord today called on Governor Tom Corbett not to appeal the Commonwealth Court decision that a law requiring Pennsylvania voters to show photo identification at the polls is unconstitutional. Learn more...

1/20/2014
Treasurer McCord Marks MLK Day with Service Project in Philadelphia
State Treasurer Rob McCord participated in a service project at Girard College in Philadelphia this morning to observe Martin Luther King Jr. Day, while also noting two significant anniversaries -- 60 years since the U.S. Supreme Court's Brown v. Board of Education decision that dramatically affected educational opportunity in America, and 50 years since the passage of the Civil Rights Act. Learn more...

1/15/2014
PA Treasury Returns $111 Million in Unclaimed Property in 2013
The Pennsylvania Treasury returned $111 million in unclaimed property to rightful owners or heirs in 2013, the highest yearly return amount since the start of his administration, State Treasurer Rob McCord announced today. This brings the total of lost and forgotten money and items returned since January 2009 to more than $517 million, the Treasurer noted. Learn more...

1/4/2014
Treasurer McCord Visits 98th PA Farm Show as Treasury Seeks to Return $440,000 in Unclaimed Property to Ag Organizations
Farmers, food manufacturers, equipment manufacturers and dealers, wineries, and agricultural youth organizations are among the groups that are owed more than $440,000 in unclaimed property, said State Treasurer Rob McCord today as he visited the 98th Pennsylvania Farm Show. Learn more...

 

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