12-3722. Self-insurance reserve fund; creation; administration; payments from fund.
111 words·~1 min read·
/ks/chapter-12/12-3722A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
12-3722. Self-insurance reserve fund; creation; administration; payments from fund. There is hereby created in the state treasury the self-insurance reserve fund. Such fund shall be administered by the pooled money investment board. Except for investment purposes, no amounts shall be paid from such fund, except upon vouchers approved by the board chairman as authorized by the board acting pursuant to specific authorization in an appropriation act of the legislature, or except as is authorized for transfer to the debt service reserve fund established by K.S.A. 12-3718 , and amendments thereto.
For investment purposes amounts shall be paid from the fund upon vouchers approved by the chairman as authorized by such board.