Kansas Statutes 12-1677. Investment of public moneys by governmental entities, units and subdivisions; use of income; records; quarterly report
Terms Used In Kansas Statutes 12-1677
- 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.
- school district: means any school district located in whole or in part within a city of the third class located in two counties; and
(b) "City" means any city of the third class located in two counties. See Kansas Statutes 12-1689
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(a) Except as otherwise required by state or federal law, all moneys earned and collected from investments by counties, area vocational-technical schools and quasi-municipal corporations authorized in this act shall be credited to the general fund of such county, area vocational-technical school or quasi-municipal corporation by the treasurer thereof, and all moneys earned and collected from investments by school districts authorized in this act shall be credited in accordance with the provisions of Kan. Stat. Ann. § 72-5166, and amendments thereto.
(b) The treasurer of each county, school district, area vocational-technical school or quasi-municipal corporation shall maintain a complete record of all investments authorized in this act and shall make a quarterly written report of such record to the governing body of such county, school district, area vocational-technical school or quasi-municipal corporation.