Kansas § 76-733 Same; investment of funds; administrative expenses; credits to subsidiary accounts

Kansas Statutes

§ 76-733 — Same; investment of funds; administrative expenses; credits to subsidiary accounts

Kansas § 76-733

Ch. 76STATE INSTITUTIONS AND AGENCIES; HISTORICAL PROPERTY

Art. 7STATE EDUCATIONAL INSTITUTIONS; MANAGEMENT AND OPERATION

This text of Kansas § 76-733 (Same; investment of funds; administrative expenses; credits to subsidiary accounts) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 76-733 (2026).

Text

The person or persons in charge of any organizational safekeeping account may invest the funds thereof which are not immediately needed in United States government bonds, bills or notes, or in certificates of deposit issued by a Kansas bank or trust company. Necessary expenses of administration of an organizational safekeeping account may be paid from interest earnings thereof, and the remainder of such interest shall be credited to the subsidiary accounts at least annually in proportion to the average balances thereof as determined by such persons in charge.

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The person or persons in charge of any organizational safekeeping account may invest the funds thereof which are not immediately needed in United States government bonds, bills or notes, or in certificates of deposit issued by a Kansas bank or trust company. Necessary expenses of administration of an organizational safekeeping account may be paid from interest earnings thereof, and the remainder of such interest shall be credited to the subsidiary accounts at least annually in proportion to the average balances thereof as determined by such persons in charge.