E-12-6.pdf

The document outlines the Unclaimed Property Disposition Policy for the University of Kentucky. It explains that unclaimed property, including cash items like uncashed checks and noncash items like lost and found property, can be disposed of by the university. The policy requires all organizational units to make efforts to contact the owners of unclaimed property. Procedures are provided for handling both cash and noncash items, including retaining noncash items for 60 days before sending them to Surplus Property for evaluation and potential sale. Items valued at less than $100 may be discarded or sold at auction, while items valued at $100 or more are kept for three years before being sold or donated.