Kansas Statutes 76-832. Interest attributable to moneys in animal research facility debt service fund; transfer to fund
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Terms Used In Kansas Statutes 76-832
- Month: means a calendar month, unless otherwise expressed. 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 animal research facility debt service fund interest earnings based on:
(a) The average daily balance of moneys in the animal research facility project fund and the animal research facility debt service fund for the preceding month; and
(b) the net earnings rate for the pooled money investment portfolio for the preceding month.