Kansas Statutes 75-4202. Operating accounts
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Terms Used In Kansas Statutes 75-4202
- Bank: means a bank incorporated under the laws of this state, or organized under the laws of the United States or another state and which has a main or branch office in this state. See Kansas Statutes 75-4201
- Board: means the pooled money investment board. See Kansas Statutes 75-4201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- State moneys: means all moneys in the treasury of the state or coming lawfully into the possession of the treasurer. See Kansas Statutes 75-4201
- Treasurer: means state treasurer. See Kansas Statutes 75-4201
All state moneys and credits received by the treasurer shall be deposited daily in one or more operating accounts. All disbursements shall be drawn from operating accounts. All banks having a state bank account shall service all warrants, drafts or checks of the state or its agencies. The board shall determine the compensation for services rendered that banks may receive on state bank accounts. Such compensation may be either compensating balances or fees.