12-2622. Same; investments.
12-2622
12-2622. Same; investments.
The trustees shall not utilize any of the contributions collected
as premiums for any purpose unrelated to the pool. Moneys not needed for
current obligations may be invested by the trustees.
Such investments shall be limited to investments permitted by K.S.A.
12-1677b
and 75-4209 and amendments thereto, except that a pool which has been in
existence for at least five years shall be permitted to invest in any of the
securities or other investments permitted by article 2a of chapter 40 of the
Kansas Statutes Annotated.
History: L. 1987, ch. 74, § 7;
L. 1999, ch. 95, § 4; July 1.