12-1255. Same; investment of moneys in building fund.
12-1255
12-1255. Same; investment
of moneys in building fund.
Such board of directors may invest any portion of the building fund which
is not currently needed in investments authorized by K.S.A. 12-1675, and
amendments thereto, in the manner prescribed therein or in direct short-term
obligations of the United States government, the principal and interest
whereof is guaranteed by the government of the United States. All interest
received thereon on any such investment, shall upon receipt thereof be credited
to the building fund.
History: L. 1970, ch. 73, § 2; L. 1977, ch. 54, § 7; July 1.