- Meeting Date
- 2026-05-20
- Attachment Kind Label
- Agenda item PDF
- Attachment Relation
- primary_meeting_attachment
- Agenda Numbers
- 034
- 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 Specialty Audit Services, LLC, (Vendor Code # 489156) of Narbeth, PA, 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