The University of Mississippi Medical Center has a lot of new cash to deposit in the bank.
A nearly $30,000 check was presented to UMC officials this Thursday morning by State Treasurer Lynn Fitch. The medical center reclaimed the money through the Treasurer's unclaimed property division.
So far, the Treasurer's office has returned $ 6 million dollars to Mississippi citizens. Much of unclaimed money comes from accounts like utility deposits or insurance refunds that were never returned to an individual or business.
"The great thing about the $6 million is once you turn that money into people and the economy it turns over three times so people buy things they send their children to school and it just makes a tremendous impact on our economy," Treasurer Fitch told WLBT News.
Dr. David Powe, the Chief Administrative Officer for UMC said the facility will use the money for training and operations.
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