Kansas Statutes 75-3668. State general fund transfers to property contingency fund
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 75-3668
- Month: means a calendar month, unless otherwise expressed. See Kansas Statutes 77-201
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
On or before the 10th 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.