Investment advisers prohibited from engaging in a public moneys investment transaction directly related to the financial product for which the investment advisor is providing or has provided advice; definitions.

12-1675b. Investment advisers prohibited from engaging in a public moneys investment transaction directly related to the financial product for which the investment advisor is providing or has provided advice; definitions. (a) An investment adviser that executes bids for the investment of public moneys on behalf of a governmental unit shall not be permitted to engage in a principal transaction with the governmental unit that is the same or directly related to the issue of securities or financial product for which the investment adviser is providing or has provided advice. Nothing in this section shall prevent governmental units from engaging with a federally registered investment adviser. (b) For purposes of this section: (1) "Governmental unit" means the state or any county, municipality or other political subdivision thereof; and (2) "investment adviser" means the same as defined in K.S.A. 17-12a102, and amendments thereto. History: L. 2025, ch. 41, § 4; July 1. Cross References to Related Sections: Investment of public moneys by governmental subdivisions, see 12-1675. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026