To provide guidelines to University of Kentucky organizational units for the handling of unclaimed personal property.
The University of Kentucky, as a component unit of the Commonwealth of Kentucky, can dispose of unclaimed property. Unclaimed property consists of uncashed imprest fund checks, unidentified remittances, accounts receivable credit balances and noncash items of personal property, including lost and found items. All UK organizational units, including affiliated corporations, must perform due diligence in attempting to contact or notify owners of unclaimed property.