Chapter 75 — STATE DEPARTMENTS; PUBLIC OFFICERS AND EMPLOYEES

75-4201. Definitions. As used in this act, unless the context otherwise requires: (a) "Treasurer" means state treasurer. (b) "Controller" means director of accounts and reports. (c) "Board" means the pooled money investment board. (d) "Bank" means a bank incorporated under the la…

75-4202. Operating accounts. All state moneys and credits received by the treasurer shall be deposited daily in one or more operating accounts. All disbursements shall be drawn from operating accounts. All banks having a state bank account shall service all warrants, drafts or ch…

75-4203. Daily deposits. The treasurer shall prepare daily deposits in accordance with K.S.A. 75-4206, and amendments thereto. The treasurer shall prepare and provide a form upon which all daily deposits shall be listed in sufficient detail to make effective the purposes of this …

75-4204. Transfers of state moneys. All orders of the treasurer transferring moneys from one state bank account to another shall be signed by the treasurer or the treasurer's duly authorized deputy. History: L. 1967, ch. 447, § 4; L. 1968, ch. 75, § 1; L. 1996, ch. 254, § 16; L. …

75-4205. Operating accounts; designation of banks. The board shall designate one or more banks to receive operating accounts. In determining the amount of the award of an operating account to any bank designated under this section therefor, the board shall give consideration to t…

75-4206. History: L. 1967, ch. 447, § 6; L. 1975, ch. 453, § 3; L. 1982, ch. 362, § 3; Repealed, L. 1992, ch. 146, § 28; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Sessio…

75-4207. History: L. 1967, ch. 447, § 11; Repealed, L. 1992, ch. 146, § 28; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents…

75-4208. Designation of banks to receive state accounts; procedure; award of accounts. The board shall follow the procedure prescribed in rules and regulations adopted under the provisions of K.S.A. 75-4232, in designating banks to receive deposit of state moneys in operating acc…

75-4209. Investment accounts; types; procedures; requirements; alternatives authorized; limitations; director of investments to invest and reinvest moneys; rules and regulations; transfer from pooled money investment portfolio to state general fund. (a) The director of investment…

75-4210. Calculation of investment rate. The director of investments shall calculate the investment rate, as defined in subsection (g) of K.S.A. 1997 Supp. 12-1675a, on Monday of each week and publish such rate that week in the Kansas register. History: L. 1967, ch. 447, § 14; L.…

75-4210a. Interest credited to general fund; exceptions. Interest earned on state moneys shall be credited to the state general fund, unless required by law, contract or bequest to be credited to a fund other than the state general fund. When interest earnings are required by law…

75-4211. History: L. 1967, ch. 447, § 15; L. 1973, ch. 63, § 4; L. 1980, ch. 280, § 1; L. 1982, ch. 362, § 5; Repealed, L. 1992, ch. 146, § 28; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF S…

75-4212. History: L. 1967, ch. 447, § 16; L. 1973, ch. 63, § 5; L. 1974, ch. 394, § 1; L. 1975, ch. 453, § 7; L. 1982, ch. 362, § 6; Repealed, L. 1992, ch. 146, § 28; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LC…

75-4212a. Operating accounts; insufficient balances; state authorized to borrow or enter into reverse repurchase agreements; limitations. Whenever the balance in operating accounts is insufficient to meet the state's obligations or withdrawals from the municipal investment pool f…

75-4213. History: L. 1967, ch. 447, § 18; L. 1975, ch. 453, § 8; L. 1987, ch. 295, § 12; L. 1992, ch. 146, § 17; L. 1993, ch. 207, § 8; Repealed, L. 1996, ch. 254, § 33; May 23. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived…

75-4214. Fee agency accounts; designation or selection of banks or savings and loan association; requirements to hold fee agency account; monthly statement. (a) Any state agency making collection of any moneys, with the approval of the board, may select a bank, savings bank or sa…

75-4215. Remittance of state moneys; fee agency accounts; reports; post audit. (a) All moneys collected by any state agency shall be remitted daily to the state treasurer unless otherwise authorized by the board to remit less frequently. (b) If a state agency is authorized by the…

75-4216. Disposition and accounting of fees. The treasurer and director of accounts and reports shall keep an account of all moneys received from each state agency and place the same to the credit of the proper fund and account. History: L. 1967, ch. 447, § 22; June 1. Previous |…

75-4217. Agreement for accounts. Awards of all state bank accounts shall be made pursuant to a written agreement between the depository bank and the board. This agreement shall be approved by the board of directors of the depository bank and reflected in the minutes of the board …

75-4218. Accounts to be secured; deposit of securities in securities account; written custodial agreement; receipt. (a) All state bank accounts shall be secured as provided in this section. The bank, savings bank or savings and loan association receiving or having a state bank ac…

75-4218a. Security of time deposits under certain statutes. Whenever interest bearing time deposits in any commercial bank located in Kansas are authorized by the provisions of K.S.A. 12-3718, 12-3724, 32-858, 40-2307, 58-3029, 68-2311, 75-2527, 75-4254 and 76-2473 and amendments…

75-4219. Care and handling of security. The treasurer as custodian of securities deposited by banks, and the sureties of the treasurer shall be responsible for the safekeeping of such securities and shall be liable therefor. The treasurer, upon written application of the bank own…

75-4220. Liability of depository banks and affiliates; sale of security. Each depository bank and its agent, trustee, wholly-owned subsidiary or affiliate having identical ownership granting a security interest pursuant to K.S.A. 75-4218, and amendments thereto, shall be liable f…

75-4221. Inadequate security pledged by depository bank; procedures. (a) Any state agency which is authorized to maintain a bank account, shall be responsible for determining that the securities pledged, assigned, deposited or in which a security interest is granted by the deposi…

75-4221a. Pooled money investment board; membership; chairperson; appointment and qualifications; terms; compensation and expenses. (a) There is hereby established the pooled money investment board which shall consist of five members, four of whom shall be appointed by the govern…

75-4222. Pooled money investment board; appointment of a director of investments; employees; access to certain papers, documents and property; annual report. (a) It shall be unlawful for the pooled money investment board to award a state bank account to any depository bank in whi…

75-4223. Banks claiming tax exemptions. The board shall not award any bank a state bank account if such bank claims exemption from the payment of any sales or compensating use tax under the laws of this state. The director of taxation shall notify the board at least ten (10) days…

75-4224. History: L. 1967, ch. 447, § 27; Repealed, L. 1992, ch. 146, § 28; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents…

75-4225. Existing agreements. Nothing contained in this act shall be construed or interpreted to impair the obligation of any contract. This act shall be construed to limit the obligations of the state on any existing contract or agreement for the deposit of public moneys or fund…

75-4226. Interest requirements not to be in violation of federal law. The interest requirements on investment accounts as provided in this act shall not at any time be in violation of any act of the congress of the United States, or of any rule or regulation of the federal reserv…

75-4227. History: L. 1967, ch. 447, § 17; Repealed, L. 1968, ch. 236, § 4; March 26. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Document…

75-4228. Criminal and civil liability of treasurer and director of accounts and reports. The making of profit by the treasurer or director of accounts and reports out of any moneys in the state treasury, the custody of which the treasurer or director of accounts and reports is ch…

75-4229. Criminal liability of board members. If any member of the board neglects at any time to do or perform any duty required of him or her by this act, he or she shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be sentenced to pay a fine of one thous…

75-4230. History: L. 1967, ch. 438, § 1; Repealed, L. 1967, ch. 453, § 15; April 25. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Document…

75-4231. Application of act. The provisions of this act shall apply to all contracts for deposit of state moneys for terms commencing on or after August 1, 1975, and shall not apply to contracts for terms ending prior to August 1, 1975. History: L. 1975, ch. 453, § 13; April 25. …

75-4232. Investment policies; director of investments to invest state moneys; rules and regulations. State moneys shall be invested and reinvested by the director of investments in accordance with investment policies provided by law, by rules and regulations and published policie…

75-4233. Application of 1992 act. The provisions of this act shall apply to all contracts for deposit of state moneys for terms commencing on or after August 1, 1992, and shall not apply to contracts for terms ending prior to August 1, 1992. History: L. 1992, ch. 146, § 27; July …

75-4234. Pooled money investment portfolio; administrative fee; exceptions. (a) Except as provided in subsection (c) and in subsection (f), all moneys in the state treasury shall be invested as a single portfolio which is hereby designated as the pooled money investment portfolio…

75-4235. Pooled money investment portfolio fee fund; disposition of funds. (a) The administrative fee authorized by K.S.A. 75-4234 shall be credited to the pooled money investment portfolio fee fund, which is hereby created. (b) The director of investments may deduct from the poo…

75-4236. Director of investments to invest or reinvest moneys of the state or municipality. On and after the effective date of this act, whenever in the law it is provided that the pooled money investment board may or shall invest or invest and reinvest moneys of the state or any…

75-4237. Investment accounts; procedure; market rate; exceptions; reciprocal deposit programs; limitation on amount invested in any one bank. (a) The director of investments shall accept requests from banks interested in obtaining investment accounts of state moneys. Such request…

75-4251. Bonds of state agency or authority; investment of "currently surplus bond proceeds" or "surplus proceeds." Whenever any state agency or authority has issued bonds in accordance with law and has received proceeds from the sale thereof, all of which proceeds are not immedi…

75-4252. Same; investment of "currently surplus reserve funds" or "surplus reserves." Whenever any state agency has issued bonds, and there exists a sinking fund or other reserve fund in connection therewith, and such sinking fund or other reserve fund contains any moneys not imm…

75-4253. Same; investment of surplus proceeds or reserves. Whenever any state agency or authority has issued any bonds in connection with which there exists surplus proceeds or surplus reserves, the director of investments shall have management responsibility to invest the same a…

75-4254. Bonds of state agency or authority; investments authorized. The director of investments may invest and reinvest the moneys of surplus proceeds and surplus reserves in: (a) Investments enumerated in K.S.A. 10-131, and amendments thereto; or (b) the pooled money investment…

75-4255. Same; custody of moneys; interest or income from investments. Except as provided in this section the custody of moneys to which this act applies and securities acquired under authority of this act shall remain in the custody of the state treasurer or in such other custod…

75-4256. State moneys, investments and funds subject to post audit. All moneys, investments and funds to which this act applies shall be subject to post audit under article 11 of chapter 46 of Kansas Statutes Annotated. History: L. 1973, ch. 359, § 6; L. 1980, ch. 281, § 1; L. 19…

75-4257. History: L. 1973, ch. 361, § 1; L. 1976, ch. 58, § 7; Repealed, L. 1985, ch. 283, § 2; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived Scho…

75-4258. History: L. 1973, ch. 361, § 2; Repealed, L. 1985, ch. 283, § 2; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents U…

75-4259. History: L. 1973, ch. 361, § 3; L. 1975, ch. 453, § 11; L. 1976, ch. 386, § 5; Repealed, L. 1985, ch. 283, § 2; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Sessio…