17-2236.Bonds of administrator, examiners
and employees; disposition
of moneys; credit union fee fund.
Before entering their respective duties, the administrator, each credit
union examiner, and any other employee within the credit union
department as determined in accordance with
the provisions of K.S.A. 75-4104, and amendments thereto, shall give a bond
set at a minimum of
$25,000 per
individual conditioned upon the faithful and impartial discharge of
their respective duties and the proper accounting for all funds which
may come into their hands. Such bonds shall be executed by a surety
company authorized to do business in this state. Such bonds shall
be
approved by the committee on surety bonds and insurance and filed, with
the approval of such committee endorsed thereon together with the oaths
of office of such officers and employees, with the secretary of state.
Premium on such bonds shall be paid from the credit union fee
fund.
Suits may be maintained on such bonds in the name of the state for the
use of the party or parties injured by a breach thereof.
The administrator shall remit all moneys received by or for the administrator
from
fees, charges or penalties to the state treasurer in
accordance with the provisions of K.S.A. 75-4215, and amendments thereto.
Upon
receipt of each such remittance, the state treasurer
shall
deposit the
entire amount in the state treasury. Twenty percent of
each such deposit shall be credited to the state general fund and the
balance shall be credited to the credit union fee fund. All expenditures
from such fund shall be made in accordance with appropriation acts upon
warrants of the director of accounts and reports issued pursuant to
vouchers approved by the administrator or by a person or
persons designated by the administrator. The compensation of members and
employees,
office costs and other actual and necessary expenses of the
department
and expenses incurred in the administration and enforcement of this act
shall be paid from the credit union fee fund.
History: L. 1968, ch. 160, § 22;
L. 1970, ch. 89, § 1;
L. 1973, ch. 309, § 7;
L. 1980, ch. 270, § 4;
L. 1992, ch. 225, § 18;
L. 2001, ch. 5, § 60; July 1.
17-2236.Bonds of administrator, examiners
and employees; disposition
of moneys; credit union fee fund.
Before entering their respective duties, the administrator, each credit
union examiner, and any other employee within the credit union
department as determined in accordance with
the provisions of K.S.A. 75-4104, and amendments thereto, shall give a bond
set at a minimum of
$25,000 per
individual conditioned upon the faithful and impartial discharge of
their respective duties and the proper accounting for all funds which
may come into their hands. Such bonds shall be executed by a surety
company authorized to do business in this state. Such bonds shall
be
approved by the committee on surety bonds and insurance and filed, with
the approval of such committee endorsed thereon together with the oaths
of office of such officers and employees, with the secretary of state.
Premium on such bonds shall be paid from the credit union fee
fund.
Suits may be maintained on such bonds in the name of the state for the
use of the party or parties injured by a breach thereof.
The administrator shall remit all moneys received by or for the administrator
from
fees, charges or penalties to the state treasurer in
accordance with the provisions of K.S.A. 75-4215, and amendments thereto.
Upon
receipt of each such remittance, the state treasurer
shall
deposit the
entire amount in the state treasury. Twenty percent of
each such deposit shall be credited to the state general fund and the
balance shall be credited to the credit union fee fund. All expenditures
from such fund shall be made in accordance with appropriation acts upon
warrants of the director of accounts and reports issued pursuant to
vouchers approved by the administrator or by a person or
persons designated by the administrator. The compensation of members and
employees,
office costs and other actual and necessary expenses of the
department
and expenses incurred in the administration and enforcement of this act
shall be paid from the credit union fee fund.
History: L. 1968, ch. 160, § 22;
L. 1970, ch. 89, § 1;
L. 1973, ch. 309, § 7;
L. 1980, ch. 270, § 4;
L. 1992, ch. 225, § 18;
L. 2001, ch. 5, § 60; July 1.
17-2236.Bonds of administrator, examiners
and employees; disposition
of moneys; credit union fee fund.
Before entering their respective duties, the administrator, each credit
union examiner, and any other employee within the credit union
department as determined in accordance with
the provisions of K.S.A. 75-4104, and amendments thereto, shall give a bond
set at a minimum of
$25,000 per
individual conditioned upon the faithful and impartial discharge of
their respective duties and the proper accounting for all funds which
may come into their hands. Such bonds shall be executed by a surety
company authorized to do business in this state. Such bonds shall
be
approved by the committee on surety bonds and insurance and filed, with
the approval of such committee endorsed thereon together with the oaths
of office of such officers and employees, with the secretary of state.
Premium on such bonds shall be paid from the credit union fee
fund.
Suits may be maintained on such bonds in the name of the state for the
use of the party or parties injured by a breach thereof.
The administrator shall remit all moneys received by or for the administrator
from
fees, charges or penalties to the state treasurer in
accordance with the provisions of K.S.A. 75-4215, and amendments thereto.
Upon
receipt of each such remittance, the state treasurer
shall
deposit the
entire amount in the state treasury. Twenty percent of
each such deposit shall be credited to the state general fund and the
balance shall be credited to the credit union fee fund. All expenditures
from such fund shall be made in accordance with appropriation acts upon
warrants of the director of accounts and reports issued pursuant to
vouchers approved by the administrator or by a person or
persons designated by the administrator. The compensation of members and
employees,
office costs and other actual and necessary expenses of the
department
and expenses incurred in the administration and enforcement of this act
shall be paid from the credit union fee fund.
History: L. 1968, ch. 160, § 22;
L. 1970, ch. 89, § 1;
L. 1973, ch. 309, § 7;
L. 1980, ch. 270, § 4;
L. 1992, ch. 225, § 18;
L. 2001, ch. 5, § 60; July 1.