80-404. Deposit of moneys; investment of idle funds. In all townships the township treasurer shall deposit all public money coming into his or her hands in an official capacity in a bank which is a member of the federal deposit insurance corporation or a savings and loan association which is a member of the federal savings and loan insurance corporation within the county, the same to be designated by the township board. Such deposits shall be made in the name of such treasurer as such officer. Township moneys not immediately required for the purposes for which such moneys were collected or received may be invested in the manner provided by K.S.A. 12-1675.
History: L. 1911, ch. 333, § 1; R.S. 1923, 80-404; L. 1933, ch. 159, § 3; L. 1937, ch. 82, § 3; L. 1973, ch. 407, § 1; July 1.
Structure Kansas Statutes
Chapter 80 - Townships And Township Officers
Article 4 - Township Treasurer
80-402 Same; accounts; exhibit at annual meeting.
80-403 Same; verification; duplicate to county clerk.
80-404 Deposit of moneys; investment of idle funds.
80-405 Receipts and disbursements; quarterly statement; examination and approval.
80-406 Trustees to make statement of bills allowed; preservation.
80-407 Posting statements of treasurer.
80-408 Penalty for failure of treasurer or trustee to make statement or to perform duty.