Kansas Statutes 76-6a23. Same; investments in bonds authorized; collateral security for deposit of public funds
Terms Used In Kansas Statutes 76-6a23
- Board: means the state board of regents. See Kansas Statutes 76-6a01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Institution: means and includes:
(1) Any state educational institution operated and managed under the control and supervision of the state board of regents;
(2) any municipal university organized under the laws of Kansas;
(3) any community college;
(4) northwest Kansas technical college or Fort Hays state university - northwest Kansas technical college upon approval of a formal affiliation agreement pursuant to Kan. See Kansas Statutes 76-6a13
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
Any officer or officers, board or boards, having charge of any sinking fund or any other fund of the state of Kansas, or any department, agency or institution thereof, or any county, municipality or other public corporation or political subdivision, may invest such funds in bonds issued under the provisions of this act. Any bank, trust or insurance company organized under the laws of the state of Kansas may invest in bonds issued under the provisions of this act. Such bonds shall also be approved as collateral security for the deposit of any public funds and for the investment of trust funds.