Code · Kansas · Chapter 75 — State Departments; Public Officers And Employees

75-3668. State general fund transfers to property contingency fund.

72 words·~1 min read·/ks/chapter-75/75-3668

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

75-3668. State general fund transfers to property contingency fund. On or before the 10 th of each month, the director of accounts and reports shall transfer from the state general fund to the property contingency fund interest earnings based on:

(a)The average daily balance of moneys in the property contingency fund for the preceding month; and

(b)the net earnings rate for the pooled money investment portfolio for the preceding month.