75-4222. Pooled money investment board; appointment of a director of investments; employees; access to certain papers, documents and property; annual report. (a) It shall be unlawful for the pooled money investment board to award a state bank account to any depository bank in which any member of the board is interested as a stockholder or officer, except upon the unanimous vote of the other members of the board.
(b) The board shall appoint a director of investments who shall be in the unclassified service under the Kansas civil service act. The board may appoint investment officers and investment analysts, who shall be in the unclassified service of the Kansas civil service act. In addition the board may appoint such employees as may be needed who shall be in the classified service of the Kansas civil service act.
(c) From and after the effective date of this act, all current employees of the office of the state treasurer performing any responsibilities, powers, duties or functions related to the municipal investment pool fund are hereby transferred to the pooled money investment board. All such employees shall retain all retirement benefits and all rights of civil service which such employees had before the effective date of this act and their service shall be deemed to have been continuous. All such transfers shall be in accordance with civil service laws and rules and regulations.
(d) The employees working for the pooled money investment board shall have access at all times to all papers, documents and property in the custody or possession of the state treasurer that relate to duties of the board, and the state treasurer shall take such steps as may be necessary to make this provision of law effective for such purposes as the pooled money investment board may indicate.
(e) The director of investments shall keep and preserve a written record of the board's proceedings.
(f) The board shall make an annual report to the legislature of the investments by the board of all moneys under the jurisdiction and control of the board, by filing a copy of the report with the chief clerk of the house of representatives and with the secretary of the senate no later than the 10th calendar day of each regular session of the legislature.
History: L. 1967, ch. 447, § 25; L. 1974, ch. 364, § 36; L. 1975, ch. 454, § 1; L. 1978, ch. 332, § 45; L. 1992, ch. 261, § 1; L. 1994, ch. 105, § 11; L. 1996, ch. 254, § 25; L. 1998, ch. 161, § 4; L. 2016, ch. 47, § 2; May 12.
Structure Kansas Statutes
Chapter 75 - State Departments; Public Officers And Employees
75-4204 Transfers of state moneys.
75-4205 Operating accounts; designation of banks.
75-4208 Designation of banks to receive state accounts; procedure; award of accounts.
75-4210 Calculation of investment rate.
75-4210a Interest credited to general fund; exceptions.
75-4215 Remittance of state moneys; fee agency accounts; reports; post audit.
75-4216 Disposition and accounting of fees.
75-4217 Agreement for accounts.
75-4218a Security of time deposits under certain statutes.
75-4219 Care and handling of security.
75-4220 Liability of depository banks and affiliates; sale of security.
75-4221 Inadequate security pledged by depository bank; procedures.
75-4223 Banks claiming tax exemptions.
75-4226 Interest requirements not to be in violation of federal law.
75-4228 Criminal and civil liability of treasurer and director of accounts and reports.
75-4229 Criminal liability of board members.
75-4232 Investment policies; director of investments to invest state moneys; rules and regulations.
75-4233 Application of 1992 act.
75-4234 Pooled money investment portfolio; administrative fee; exceptions.
75-4235 Pooled money investment portfolio fee fund; disposition of funds.
75-4236 Director of investments to invest or reinvest moneys of the state or municipality.
75-4237 Investment accounts; procedure; market rate; exceptions; reciprocal deposit programs.
75-4252 Same; investment of "currently surplus reserve funds" or "surplus reserves."
75-4253 Same; investment of surplus proceeds or reserves.
75-4254 Bonds of state agency or authority; investments authorized.
75-4255 Same; custody of moneys; interest or income from investments.
75-4256 State moneys, investments and funds subject to post audit.
75-4261 Federal revenue sharing fund abolished; transfer of assets and liabilities.
75-4268 Kansas agricultural production loan deposit program.
75-4270 Same; state treasurer administrator of program; purpose; annual report.
75-4272 Same; procedures; agreement.
75-4274 Same; state and state treasurer not liable to lending institution.
75-4275 Prohibition on use of funds from deposit to qualify for state tax credits.
75-4276 Kansas housing loan deposit program.
75-4278 Same; state treasurer administrator of program; purpose; annual report.
75-4280 Same; procedures; agreement.
75-4282 Same; state and state treasurer not liable to lending institution.
75-4283 Kansas extraordinary utility costs loan deposit program; citation.
75-4287 Same; procedures of state treasurer; agreement requirements.
75-4288 Same; funding of loans; rate of loans.
75-4289 Same; state and state treasurer not liable to lending institution.
75-4290 Kansas economic recovery loan deposit program; citation.
75-4293 Same; economic recovery loan deposit loan packages; participation in program; requirements.
75-4294 Same; procedures of state treasurer; agreement requirements.
75-4295 Same; funding of loans; rate of loans.
75-4296 Same; state and state treasurer not liable to lending institution.
75-4297 City utility low-interest loan program; citation.
75-42,100 Same; loan applications; participation in program; requirements.
75-42,102 Same; program controls over conflicting provisions; loans not bonded indebtedness.