12-1676.Inapplicability of act to certain moneys; rates.
Except as otherwise provided in K.S.A. 12-1678a, and
amendments thereto, the provisions of this act authorizing the
investment of moneys shall not apply to moneys collected or received by
a county for apportionment, credit or distribution to the state or any
political subdivision thereof. Interest paid by eligible
banks, savings and loan associations and savings banks on time
deposit, open accounts, time certificates of deposit and certificates of
deposit of investing governmental units shall be
at rates agreed upon by
the governmental units and the eligible banks, savings
and loan associations or savings banks.
History: L. 1968, ch. 217, § 2; L. 1973, ch. 63, § 7; L. 1973,
ch. 64, § 1; L. 1974, ch. 394, § 2; L. 1975, ch. 68, § 2; L. 1976,
ch. 79, § 3; L. 1982, ch. 52, § 7; L. 1983, ch. 47, § 8;
L. 1986, ch. 76, § 8; L. 1989, ch. 48, § 67;
L. 1997, ch. 180, § 15; May 29.
12-1676.Inapplicability of act to certain moneys; rates.
Except as otherwise provided in K.S.A. 12-1678a, and
amendments thereto, the provisions of this act authorizing the
investment of moneys shall not apply to moneys collected or received by
a county for apportionment, credit or distribution to the state or any
political subdivision thereof. Interest paid by eligible
banks, savings and loan associations and savings banks on time
deposit, open accounts, time certificates of deposit and certificates of
deposit of investing governmental units shall be
at rates agreed upon by
the governmental units and the eligible banks, savings
and loan associations or savings banks.
History: L. 1968, ch. 217, § 2; L. 1973, ch. 63, § 7; L. 1973,
ch. 64, § 1; L. 1974, ch. 394, § 2; L. 1975, ch. 68, § 2; L. 1976,
ch. 79, § 3; L. 1982, ch. 52, § 7; L. 1983, ch. 47, § 8;
L. 1986, ch. 76, § 8; L. 1989, ch. 48, § 67;
L. 1997, ch. 180, § 15; May 29.
12-1676.Inapplicability of act to certain moneys; rates.
Except as otherwise provided in K.S.A. 12-1678a, and
amendments thereto, the provisions of this act authorizing the
investment of moneys shall not apply to moneys collected or received by
a county for apportionment, credit or distribution to the state or any
political subdivision thereof. Interest paid by eligible
banks, savings and loan associations and savings banks on time
deposit, open accounts, time certificates of deposit and certificates of
deposit of investing governmental units shall be
at rates agreed upon by
the governmental units and the eligible banks, savings
and loan associations or savings banks.
History: L. 1968, ch. 217, § 2; L. 1973, ch. 63, § 7; L. 1973,
ch. 64, § 1; L. 1974, ch. 394, § 2; L. 1975, ch. 68, § 2; L. 1976,
ch. 79, § 3; L. 1982, ch. 52, § 7; L. 1983, ch. 47, § 8;
L. 1986, ch. 76, § 8; L. 1989, ch. 48, § 67;
L. 1997, ch. 180, § 15; May 29.
