Kansas § 76-743 National direct student loan funds of institutions; transfers from state general fund, amounts, time

Kansas Statutes

§ 76-743 — National direct student loan funds of institutions; transfers from state general fund, amounts, time

Kansas·Ch. 76 STATE INSTITUTIONS AND AGENCIES; HISTORICAL PROPERTY·Art. 7 STATE EDUCATIONAL INSTITUTIONS; MANAGEMENT AND OPERATION

On or before the 10th of each month, the director of accounts and reports shall transfer from the state general fund to each national direct student loan fund of state educational institutions under the control and supervision of the state board of regents interest earnings based on:

(a)The average daily balance of moneys in each national direct student loan fund of state educational institutions under the control and supervision of the state board of regents for the preceding month; and

(b)the net earnings rate for the pooled money investment portfolio for the preceding month.

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On or before the 10th of each month, the director of accounts and reports shall transfer from the state general fund to each national direct student loan fund of state educational institutions under the control and supervision of the state board of regents interest earnings based on:
(a) The average daily balance of moneys in each national direct student loan fund of state educational institutions under the control and supervision of the state board of regents for the preceding month; and
(b) the net earnings rate for the pooled money investment portfolio for the preceding month.

Kansas § 76-743 (National direct student loan funds of institutions; transfers from state general fund, amounts, time) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.