# Kansas SB 435: Providing procedures, standards and requirements for the deposit and investment of public moneys, creating the public moneys fee fund and authorizing the state treasurer to assess a fee to operate the public moneys pooled method, making and concerning appropriations for fiscal year 2027 for the office of the state treasurer, authorizing a certain transfer from the state general fund to the public moneys fee fund, modifying investment standards for the board of trustees of the Kansas public employees retirement system of moneys certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property and authorizing investments in certain foreign governments and the KPERS board of trustees to elect the vice chairperson of the board, requiring newly affiliated KP&F employers to contribute at the actuarial required rate for past and future service and repealing certain working after retirement statutes for state and local elected officials. Kansas SB 435, Providing procedures, standards and requirements for the deposit and investment of public moneys, creating the public moneys fee fund and authorizing the state treasurer to assess a fee to operate the public moneys pooled method, making and concerning appropriations for fiscal year 2027 for the office of the state treasurer, authorizing a certain transfer from the state general fund to the public moneys fee fund, modifying investment standards for the board of trustees of the Kansas public employees retirement system of moneys certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property and authorizing investments in certain foreign governments and the KPERS board of trustees to elect the vice chairperson of the board, requiring newly affiliated KP&F employers to contribute at the actuarial required rate for past and future service and repealing certain working after retirement statutes for state and local elected officials., is a 2025–2026 Regular Session Senate bill sponsored by Committee on Financial Institutions and Insurance; status signed, last action 2026-04-09 (Enrolled and presented to Governor on Friday, April 3, 2026) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/KS-SB435-2025-2026 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Kansas SB 435 - State: Kansas - Session: 2025–2026 Regular Session - Title: Providing procedures, standards and requirements for the deposit and investment of public moneys, creating the public moneys fee fund and authorizing the state treasurer to assess a fee to operate the public moneys pooled method, making and concerning appropriations for fiscal year 2027 for the office of the state treasurer, authorizing a certain transfer from the state general fund to the public moneys fee fund, modifying investment standards for the board of trustees of the Kansas public employees retirement system of moneys certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property and authorizing investments in certain foreign governments and the KPERS board of trustees to elect the vice chairperson of the board, requiring newly affiliated KP&F employers to contribute at the actuarial required rate for past and future service and repealing certain working after retirement statutes for state and local elected officials. - Status: signed - Chamber: Senate - Introduced: 2026-02-02 - Last action: 2026-04-09, Enrolled and presented to Governor on Friday, April 3, 2026 - Sponsor: Committee on Financial Institutions and Insurance - Cosponsors: 0 - Subjects: house committee on financial institutions and pensions, senate committee on financial institutions and insurance - Touches household money: no - Roll calls: 8 (646 yes, 0 no in all) - Economic provisions PRIA read: 9 ## Summary No summary available. ## Bill overview: provisions PRIA read - Governments gain more eligible banking partners: benefit, low. Local governments can enter repurchase agreements with eligible banks and savings institutions anywhere in Kansas when local choices fall short. This applies when eligible institutions in the government unit or its county or counties are unavailable or unwilling to offer the statutory investment ra… - Governments gain remedies for deposit failures: benefit, low. When a depository fails the Kansas treasurer's requirements, the treasurer must direct the government unit to choose a remedy. It can close the account for the full amount plus interest, without penalty after more than seven days. Alternatively, it can convert the account to a repurchase agreement… - Insured public deposits get collateral exemption: benefit, low. Government deposits in qualifying reciprocal deposit programs are not treated as securities and do not need the usual public-deposit collateral. The receiving institution must receive matching reciprocal deposits from participating U.S. institutions. Each cumulative deposit must stay within the FDI… - Unclaimed property funds gain investment options: benefit, low. The Kansas retirement board can invest treasurer-certified money equivalent to net unclaimed-property receipts in qualifying foreign government debt. The debt must be in U.S. dollars, and the government must pledge full repayment and have no debt-default history. The country must be listed as indus… - Banks must strengthen public deposit backing: mixed, low. Banks holding covered public deposits must use pooled eligible securities, replacing the earlier investment-company-share framework. Municipal depositories must sign agreements with the Kansas treasurer and establish legally enforceable security interests. Covered collateral rises from 100% to 102%… - Governments can temporarily lower deposit backing: mixed, low. During tax-payment or tax-distribution peaks, governments can reduce required deposit security by up to 50% of the deposited amount. Each period is limited to 60 continuous days, with no more than 120 days per calendar year. The fund custodian, a depository officer, and the Kansas treasurer must ag… - Kansas changes public deposit custody options: mixed, low. Collateral custody rules now cover deposits of any government unit, not just municipal or similar corporations. General custody options include authorized institutions, the Kansas treasurer, and the Federal Reserve Bank of Kansas City. For state accounts, banks, trust companies, and credit unions n… - Kansas funds deposit safeguards, allows fees: mixed, low. The law creates a dedicated public moneys fee fund to support the pooled deposit-security system. It requires a $250,000 general-fund transfer on July 1, 2026, or as soon afterward as money is available. For the fiscal year ending June 30, 2027, the treasurer can spend all money lawfully available… - New police pension employers fund obligations: mixed, low. Employers newly joining the Kansas Police and Firemen's Retirement System must fund board-certified costs for past and future service. They must budget and pay enough to meet those actuarially determined obligations. This replaces the first-year contribution rule of 16% of member pay. Actual requir… ## Sponsors and cosponsors - Sponsor: Committee on Financial Institutions and Insurance ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-23 | Senate | Yea: 40 Nay: 0 | pass | 40 | 0 | | | 2026-04-23 | Senate | Yea: 40 Nay: 0 | pass | 40 | 0 | | | 2026-04-23 | Senate | Yea: 125 Nay: 0 | pass | 125 | 0 | | | 2026-04-23 | Senate | Yea: 118 Nay: 0 | pass | 118 | 0 | | | 2026-03-27 | Senate | Conference Committee Report was adopted | pass | 40 | 0 | | | 2026-03-25 | House | Conference Committee Report was adopted | pass | 125 | 0 | | | 2026-03-12 | House | Emergency Final Action - Passed as amended | pass | 118 | 0 | | | 2026-02-11 | Senate | Emergency Final Action - Passed | pass | 40 | 0 | | ## Actions (21) - 2026-04-09: Enrolled and presented to Governor on Friday, April 3, 2026 (Senate) - 2026-04-09: Approved by Governor on Thursday, April 9, 2026 (Senate) - 2026-03-27: Conference Committee Report was adopted; Yea 40, Nay 0 (Senate) - 2026-03-25: Conference committee report now available (House) - 2026-03-25: Conference Committee Report was adopted; Yea 125, Nay 0 (House) - 2026-03-16: Motion to accede adopted; Rep. Nick Hoheisel, Rep. Angela Stiens and Rep. Rui Xu appointed as conferees (House) - 2026-03-12: Committee of the Whole - Committee Report be adopted (House) - 2026-03-12: Committee of the Whole - Be passed as amended (House) - 2026-03-12: Motion to advance to Emergency Final Action adopted (House) - 2026-03-12: Emergency Final Action - Passed as amended; Yea 118, Nay 0, Absent 6 (House) - 2026-03-12: Nonconcurred with amendments; Conference Committee requested; appointed Sen. Brenda Dietrich, Sen. Michael Fagg and Sen. Silas Miller (Senate) - 2026-03-10: Committee Report recommending bill be passed as amended by House Committee on Financial Institutions and Pensions (House) - 2026-03-04: Hearing: Wednesday, March 4, 2026, 9:00 AM — Room 582-N (House) - 2026-02-12: Received and Introduced (House) - 2026-02-12: Referred to House Committee on Financial Institutions and Pensions (House) - 2026-02-11: Committee of the Whole - Be passed (Senate) - 2026-02-11: Emergency Final Action - Passed; Yea 40, Nay 0 (Senate) - 2026-02-09: Committee Report recommending bill be passed by Senate Committee on Financial Institutions and Insurance (Senate) - 2026-02-03: Referred to Senate Committee on Financial Institutions and Insurance (Senate) - 2026-02-03: Hearing: Tuesday, February 3, 2026, 9:30 AM — Room 546-S (Senate) - 2026-02-02: Introduced (Senate) ## Bill text - As Amended by House Committee on Financial Institutions and Pensions: [PDF](https://www.kslegislature.gov/b2025_26/bills/download/?apn=b2025_26/year2/ready_for_publication/sb435_01_0000.pdf) - As Introduced: [PDF](https://www.kslegislature.gov/b2025_26/bills/download/?apn=b2025_26/year2/ready_for_publication/sb_435/sb435_00_0000.pdf) - Enrolled: [PDF](https://www.kslegislature.gov/b2025_26/bills/download/?apn=b2025_26/year2/ready_for_publication/sb_435/sb435_enrolled.pdf) ## Related bills - SB 430: Adding mitragynine to schedule I of the uniform controlled substances act and reconciling multiple amendments to certain statutes in the Kansas criminal code. (signed) - SB 82: Providing tax credits for expenditures for lockable gun and ammunition storage and the retail sale of higher ethanol blends of fuel, discontinuing the tax cred… (signed) - SB 300: Providing for the apportionment of business income by manufacturers of alcoholic liquor depending on whether the taxpayer is a qualifying Kansas investor or a… (signed) - HB 2029: Reconciling multiple amendments to certain statutes. (signed) - HB 2018: Senate Substitute for HB 2018 by Committee on Federal and State Affairs - Creating the crime of interference with the conduct of a religious assembly, providin… (became law) - HB 2530: Substitute for HB 2530 by Committee on Education - Providing for the transferability of credentials earned through ACT workkeys career readiness assessments to… (failed) ## Sources - [As Amended by House Committee on Financial Institutions and Pensions (PDF)](https://www.kslegislature.gov/b2025_26/bills/download/?apn=b2025_26/year2/ready_for_publication/sb435_01_0000.pdf) - [As Introduced (PDF)](https://www.kslegislature.gov/b2025_26/bills/download/?apn=b2025_26/year2/ready_for_publication/sb_435/sb435_00_0000.pdf) - [Enrolled (PDF)](https://www.kslegislature.gov/b2025_26/bills/download/?apn=b2025_26/year2/ready_for_publication/sb_435/sb435_enrolled.pdf) ## Related - [SB 430: Adding mitragynine to schedule I of the uniform controlled substances act and r…](https://policyrisk.com/state-bill/KS-SB430-2025-2026) - [SB 82: Providing tax credits for expenditures for lockable gun and ammunition storage…](https://policyrisk.com/state-bill/KS-SB82-2025-2026) - [SB 300: Providing for the apportionment of business income by manufacturers of alcoholi…](https://policyrisk.com/state-bill/KS-SB300-2025-2026) - [HB 2029: Reconciling multiple amendments to certain statutes.](https://policyrisk.com/state-bill/KS-HB2029-2025-2026) - [HB 2018: Senate Substitute for HB 2018 by Committee on Federal and State Affairs - Creat…](https://policyrisk.com/state-bill/KS-HB2018-2025-2026) - [HB 2530: Substitute for HB 2530 by Committee on Education - Providing for the transferab…](https://policyrisk.com/state-bill/KS-HB2530-2025-2026) - [Kansas bills](https://policyrisk.com/states/kansas/bills) - [Kansas state hub](https://policyrisk.com/states/kansas) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/KS-SB435-2025-2026 (as of 2026-10-19).