49-622. Land reclamation fund established; deposits and expenditures.
201 words·~1 min read·
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49-622. Land reclamation fund established; deposits and expenditures.
(a)There is hereby created within the state treasury the land reclamation fund.
(b)The director shall remit all moneys collected from fees and civil penalties imposed pursuant to this act to the state treasurer in accordance with the provisions of K.S.A. 75-4215 , and amendments thereto. Upon receipt of each such remittance, the state treasurer shall deposit the entire amount in the state treasury to the credit of the land reclamation fund.
(c)All costs of administering the provisions of this act shall be paid from moneys credited or transferred to the land reclamation fund pursuant to this section. Expenditures from the fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the director.
(d)On or before the 10 th of each month, the director of accounts and reports shall transfer from the state general fund to the land reclamation fund interest earnings based on:
(1)The average daily balance of moneys in the land reclamation fund for the preceding month; and
(2)the net earnings rate of the pooled money investment portfolio for the preceding month.