Governor and Executive Council Agenda item PDF - 2026-05-20 - agenda 033

Meeting Date

2026-05-20

Attachment Kind Label

Agenda item PDF

Attachment Relation

primary_meeting_attachment

Agenda Numbers

033

Agency Names

Treasury

Parent Meeting Title

Governor and Executive Council meeting - 2026-05-20

Monica I. Mezzapelle

STATE TREASURER

THE STATE OF NEW HAMPSHIRE

STATE TREASURY

25 CAPITOL STREET, ROOM 121

CONCORD, NH 03301

(603) 271-2621

FAX (603) 271-3922

TDD Access: Relay NH 1-800-735-2964

April 30, 2026

Her Excellency, Governor Kelly A. Ayotte

and the Honorable Council

State House

Concord, NH 03301

REQUESTED ACTION

Authorize the State Treasury to enter into a Sole Source contract for a period of five (5)

years with Kelmar Associates, LLC, (Vendor Code # 162629) of Middleton, MA, for a

contingent fee of 10.25 % of the gross amount identified and remitted to the State from audits or

examinations of the records of any holder or person to determine compliance with New

Hampshire’s Custody and Escheat of Unclaimed and Abandoned Property Laws (RSA 471-C).

Effective upon Governor and Council approval from July 1, 2026 to June 30, 2031. 100% Other

Funds (Abandoned Property Funds).

Funding is available in the following account and is anticipated to be available upon the

availability and continued appropriation of funds in future operating budgets. Abandoned

Property 01-38-38-380510-80210000-020-500254.

FY2027 FY2028 FY2029 FY2030 FY2031

020-500254-

Audit Fees

$1,274,797 $1,274,797 $1,274,797 $1,274,797 $1,274,797

EXPLANATION

This item is Sole Source due to the fact that State Treasury contracts with all known

vendors which provide unclaimed property audit services to states. RSA 471-C provides that the

State Treasurer may contract with other entities to identify, recover, and remit unclaimed or

abandoned assets (e.g. cash and securities) through audit or examination of records. Such

examinations are conducted largely with out-of-state holders of such property. State Treasury,

upon report and remittance,

Her Excellency, Governor Kelly A. Ayotte

and the Honorable Council

April 30, 2026

endeavors to contact the rightful owner who may then claim the property. Amounts not claimed

shall be escheated and deposited in the General Fund.

State Treasury will contract with any reputable provider of audit or examination services

that offers a competitive fee arrangement. The 10.25% fee is consistent with the existing rate level

throughout this industry.

Respectfully requested,

/s/Monica I. Mezzapelle

State Treasurer

FORM NUMBER:

EFFECTIVE DATE:

The ACORD name and logo are registered marks of ACORD

ADDITIONAL REMARKS

ADDITIONAL REMARKS SCHEDULE

FORM TITLE:

Page of

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,

ACORD 101 (2008/01)

AGENCY CUSTOMER ID:

LOC #:

AGENCY NAMED INSURED

POLICY NUMBER

CARRIER NAIC CODE

© 2008 ACORD CORPORATION. All rights reserved.

The Burke Insurance Agency

KELMASS-01

SEE PAGE 1

1

SEE PAGE 1

ACORD 25 Certificate of Liability Insurance

SEE P 1

KELMAR ASSOCIATES, LLC

Catherine Graham Zejnullahu

500 Edgewater Drive - Ste 525

Wakefield, MA 01880

SEE PAGE 1

EHUSGEN

1

Certificate of Liability Remarks

A. Continental Casualty Co - Data Privacy & Cyber Liability Media Liability $10,000,000 Occurrence/$10,000,000 Aggregate Security &

Privacy $10,000,000 Occurrence/$10,000,000 Aggregate Regulatory Proceeding Sublimit $10,000,000 Occ/$10,000,000 Aggregate

Privacy Breach Costs $10,000,000 Occurrence/$10,000,000 Aggregate Business Income Loss $10,000,000 Occurrence/$10,000,000

Aggregate Digital Asset Loss $10,000,000 Occurrence/$10,000,000 Aggregate Cyber Extortion Threat $10,000,000

Occurrence/$10,000,000 Aggregate Notification Services $10,000,000 Occurrence/$10,000,000 Aggregate

B. Travelers Casualty and Surety - Management Liability Directors & Officers $3,000,000 Occurrence/$5,000,000 Aggregate

Employment Practices Liability $5,000,000 Occurrence/$5,000,000 Aggregate Fiduciary Liability $3,000,000 Occurrence/$5,000,000

Aggregate Employed Lawyers $1,000,000 Occurrence/$5,000,000 Aggregate Crime $5,000,000 Occurrence/$5,000,000 Aggregate

Social Engineering Fraud $1,000,000 Occurrence/$1,000,000 Aggregate

D. Ironshore Specialty Insurance Company - Excess E&O Excess E&O $5,000,000 Occurrence/$5,000,000 Aggregate

E. Berkley Insurance Company - Excess Crime Excess Crime $5,000,000 Occurrence/$5,000,000 Aggregate

CERTIFICATE OF LIABILITY INSURANCE

DATE (MM/DD/YYYY)

04/06/2026

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE

HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE

AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE

ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATIONIS WAIVED,

subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does

not confer rights to the certificate holder in lieu of such endorsement(s).

PRODUCER

AUTO DATA PROCESSING INS AGCYINC

76250717

71 HANOVER ROAD

FLORHAM PARK NJ 07932

CONTACT NAME:

PHONE

(A/C, No, Ext):

(800) 524-7024 FAX

(A/C, No):

(800) 524-4013

E-MAIL ADDRESS:

INSURER(S) AFFORDING COVERAGE NAIC#

INSURER A: Hartford Fire and Its P&C Affiliates 00914

INSURED

KELMAR ASSOCIATES, LLC

35 VILLAGE RD STE 501

MIDDLETON MA 01949-1236

INSURER B:

INSURER C:

INSURER D:

INSURER E:

INSURER F:

COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD

INDICATED.NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE

TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

INSR

LTR TYPE OF INSURANCE ADDL

INSR

SUBR

WVD

POLICY NUMBER POLICY EFF

(MM/DD/YYYY)

POLICY EXP

(MM/DD/Y YYY) LIMITS

COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE

CLAIMS-MADE OCCUR DAMAGE TO RENTED

PREMISES (Ea occurrence)

MED EXP (Any one person)

PERSONAL & ADV INJURY

GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE

POLICY PRO-

JECT

LOC PRODUCTS - COMP/OP AGG

OTHER:

AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT

(Ea accident)

ANY AUTO BODILY INJURY (Per person)

ALL OWNED

AUTOS

SCHEDULED

AUTOS BODILY INJURY (Per accident)

HIRED

AUTOS

NON-OWNED

AUTOS

PROPERTY DAMAGE

(Per accident)

UMBRELLA LIAB

EXCESS LIAB

OCCUR

CLAIMS-

MADE

EACH OCCURRENCE

AGGREGATE

DED RETENTION $

A

WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY

ANY

PROPRIETOR/PARTNER/EXECUTIVE

OFFICER/MEMBER EXCLUDED?

(Mandatory in NH)

If yes, describe under

DESCRIPTION OF OPERATIONS below

N/ A 76 WEG LU0291 04/01/2026 04/01/2027

X PER

STATUTE

OTH-

ER

Y/N E.L. EACH ACCIDENT $1,000,000

E.L. DISEASE -EA EMPLOYEE $1,000,000

E.L. DISEASE - POLICY LIMIT $1,000,000

DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

Those usual to the Insured's Operations. RE: Abandoned Property Audit Services Agreement. Notice of Cancellation will be provided in accordance

with Form SS1223, attached to this policy.

CERTIFICATE HOLDER CANCELLATION

Treasurer, State of New Hampshire

Abandoned Property Division

25 CAPITOL ST RM 121

CONCORD NH 03301-6312

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED

BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED

IN ACCORDANCE WITH THE POLICY PROVISIONS.

AUTHORIZED REPRESENTATIVE

© 1988-2015 ACORD CORPORATION. All rights reserved.

ACORD 25 (2016/03) The ACORD name and logo are registered marks of ACORD