Kansas Statutes 75-4210a. Interest credited to general fund; exceptions
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Terms Used In Kansas Statutes 75-4210a
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- 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
- 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
Interest earned on state moneys shall be credited to the state general fund, unless required by law, contract or bequest to be credited to a fund other than the state general fund. When interest earnings are required by law, contract or bequest to be credited to a fund other than the state general fund, such earnings shall be based on the average daily balance in the fund for each month and the net earnings rate of the pooled money investment portfolio for such month unless such law, contract or bequest provides a different method of computing interest earnings.