75-648. Same; trust fund established; expense fund established; disposition of moneys and interest; payment of expenses of administration. (a) (1) The Kansas postsecondary education savings program trust fund is hereby established in the state treasury. Such savings trust fund shall consist of moneys deposited by depositors in accordance with this act, moneys acquired from governmental and private sources and state general fund appropriations, if any. All interest derived from the deposit and investment of moneys in such savings trust fund shall be credited to the fund. At the end of any fiscal year, all unexpended and unencumbered moneys in such savings trust fund shall remain therein and not be credited or transferred to the state general fund or to any other fund.
(2) Except as provided in subsection (b), the state treasurer shall credit all moneys received in connection with the Kansas postsecondary education savings program to the Kansas postsecondary education savings program trust fund.
(b) (1) The Kansas postsecondary education savings expense fund is hereby established in the state treasury. The fund shall consist of moneys received from the Kansas postsecondary education savings program manager.
(2) All expenses incurred by the treasurer in developing and administering the postsecondary education savings program shall be payable from the Kansas postsecondary education savings expense fund.
History: L. 1999, ch. 154, § 19; L. 2001, ch. 179, § 1; July 1.
Structure Kansas Statutes
Chapter 75 - State Departments; Public Officers And Employees
75-603 Account of receipts and disbursements.
75-604 Custody of moneys; deposit in banks.
75-606 Redemption of warrants; when funds exhausted; notice when funds available.
75-607 Deposit of warrants with director of accounts and reports.
75-609 Inspections by legislature and board of examination.
75-610 Delinquent county treasurers and debtors; suits by attorney general.
75-611 Civil actions against treasurer, when.
75-621 Receipts for money paid into treasury.
75-622 Assistant state treasurer; oath; duties.
75-623 Assistants and employees.
75-623a Position vacancy, redesignation of position in unclassified service.
75-640 Postsecondary education savings program; legislative declaration and intent.
75-644 Same; administration by state treasurer; authorities and responsibilities.
75-647 Same; rights and obligations construed.
75-649 Payroll deductions for postsecondary education savings accounts.
75-651 Kansas ABLE savings program; legislative intent.
75-653 Same; implementation and administration of program by state treasurer.
75-654 Same; implementation by state treasurer, powers and duties.
75-656 Same; rights and obligations; rules and regulations.
75-657 Same; Kansas ABLE savings program trust fund established; disposition of moneys.