![Louisiana Governor, Treasurer Reach Unclaimed Property Deal](http://townsquare.media/site/36/files/2017/11/John-Schroder-Youtube-Image.jpg?w=630&h=420&zc=1&s=0&a=t&q=89&w=980&q=75)
Louisiana Governor, Treasurer Reach Unclaimed Property Deal
BATON ROUGE, La. (AP) — Gov. John Bel Edwards’ administration and Treasurer John Schroder have struck an agreement ending a three-year dispute over Louisiana’s unclaimed property money.
The resolution is contained in legislation by Republican Sen. Mike Fesi. The bills won support Wednesday from a House committee and are steps from final passage. The plan will free up millions to spend in the upcoming budget as Edwards wants, but keep the unclaimed property dollars locked up in a trust fund in later years as Schroder wants. Schroder blocked $32 million in transfers of unclaimed property money to spend on operating expenses. Edwards sued.
Both sides say the lawsuit will be dismissed with the legislation's passage.
(Story written by Melinda Deslatte/AP)
Best Songs About Being A Dad
More From News Talk 96.5 KPEL
![Another $8-Million in Unclaimed Tax Refunds Owed to Louisiana Residents Up for Grabs](http://townsquare.media/site/29/files/2022/12/attachment-GettyImages-1321427.jpg?w=980&q=75)
![80,000 Louisiana Residents May Be Owed Money They Aren’t Aware Of](http://townsquare.media/site/33/files/2021/06/sharon-mccutcheon-rItGZ4vquWk-unsplash.jpg?w=980&q=75)
![John Schroder Drops First Attack Ads in Louisiana Governor Race, Hits Jeff Landry and Stephen Waguespack](http://townsquare.media/site/36/files/2023/08/attachment-Schroder-Ad-Waguespack-Landry.jpg?w=980&q=75)
![State of Louisiana Might Owe You Money, Here’s How You Find It](http://townsquare.media/site/36/files/2014/12/Money-Getty.jpg?w=980&q=75)
![State Treasurer John Schroder Announces Bid for Louisiana Governor](http://townsquare.media/site/180/files/2020/07/schroder-1.jpg?w=980&q=75)
![Schroder, Nungesser Bids for Louisiana Governor Depend on Kennedy](http://townsquare.media/site/180/files/2020/09/Schroder-2.jpg?w=980&q=75)
![Who Is Running For Louisiana Governor Next Year? There May Be A Lot Of Options](http://townsquare.media/site/180/files/2022/04/attachment-gettyimages-1219410516.jpg?w=980&q=75)
![Jeff Landry vs. John Schroder Has Begun – The Joe Cunningham Show](http://townsquare.media/site/180/files/2020/07/landry-1.jpg?w=980&q=75)
![Louisiana Sends Out $4.8 Million in Checks, is One of Those Yours?](http://townsquare.media/site/34/files/2021/01/GettyImages-119316653.jpg?w=980&q=75)