75-656. Same; rights and obligations; rules and regulations. (a) Nothing in this act shall create or be construed to create any obligation of the treasurer, the state or any agency or instrumentality of the state to guarantee for the benefit of any account owner or designated beneficiary with respect to the:
(1) Return of principal;
(2) rate of interest or other return on any account; or
(3) payment of interest or other return on any account.
(b) The treasurer may promulgate rules and regulations to provide that every contract, application or other similar document that may be used in connection with opening an account clearly indicates that the account is not insured by the state and that the principal deposited and the investment return are not guaranteed by the state.
History: L. 2015, ch. 33, ยง 14; 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.