12-5709.   Investment of funds.The authority shall have power to invest and reinvest anyfunds held in reserve or sinking funds not required for immediate disbursement,in investments authorized by K.S.A. 12-1675, and amendments thereto, in themanner prescribed therein or in bonds or notes ofthe United States, bonds of the state of Kansas or bonds of any county,unified school district or city of the first class in which said authority isoperating a system or in bonds or certificates of the authority at not toexceed their par value or their call price and to sell these securitieswhenever the funds are needed for disbursement. Such investment or reinvestmentof any funds shall not be in conflict with any provisions of anytrust agreement securing the payment of bonds or certificates of the authority.

      History:   L. 2007, ch. 120, § 9; July 1.