Kansas Statutes 2-3711. Kansas agricultural remediation fund; creation
(a) There is hereby created in the state treasury the Kansas agricultural remediation fund.
(b) All expenditures from the Kansas agricultural remediation fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the chairperson of the board or by a person or persons designated by the chairperson.
Terms Used In Kansas Statutes 2-3711
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- 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
(c) On or before the 10th of each month, the director of accounts and reports shall transfer from the state general fund to the Kansas agricultural remediation fund interest earnings based on:
(1) The average daily balance of moneys in the Kansas agricultural remediation fund for the preceding month; and
(2) the net earnings rate of the pooled money investment portfolio for the preceding month.