Treasury briefing covers abandoned property, scholarships, trust funds and debt; treasurer seeks statutory tweak for assistant appointments

The State Treasurer’s office updated the Finance - Division I committee on a range of treasury programs — abandoned property collections, scholarship trust funds, dedicated endowments, the Benjamin Thompson trust, LCHIP, and debt‑service planning — and requested a statutory change to permit more assistant treasurer appointments.

Treasurer Mosabelli (presented as Treasurer Mosabelli in the hearing) described abandoned property (escheat) collections and outreach. She said the state publishes newly collected properties in the Union Leader per statute and has also tried advertising to increase owner claims. On the timing and accounting of escheated funds, she summarized the statutory treatment: funds unclaimed after three years may be treated as abandoned and escheated to the general fund, but owners can still reclaim funds later; Treasury records both returned claims and funds escheated to the general fund.

On outreach costs, committee members asked about…