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Minutes for SB322 - Committee on Financial Institutions and Insurance
Short Title
Eliminating the crediting to the Kansas public employees retirement fund of 80% of the proceeds from the sale of state surplus real estate.
Minutes Content for Wed, Jan 26, 2022
Chairperson Longbine turned the committee's attention to SB322 and opened the hearing. David Wiese, Assistant Revisor, Kansas Office of Revisor of Statutes (ROS), presented the Revisor's Memorandum brief on the bill. (Attachment 1)
Alan Conroy, Executive Director of Kansas Public Retirees System (KPERS), presented informational testimony regarding the transfer of proceeds from surplus property sales. (Attachment 2)
Oral Proponents:
Blake Flanders, Ph.D., President & CEO, Kansas Board of Regents, testified in support of the bill. (Attachment 3) He answered a question from Chairperson Longbine regarding the treatment of donor-built buildings and whether they would stay with the state donor entity. President Flanders related that this bill provides incentives to universities to continue caring for buildings built by donors.
The Chairperson asked for any other questions or discussion. Seeing none, he pointed the committee's attention to the written-only proponent testimony:
Ken Hush, Interim President, and Diana E. Kuhlmann, Vice President and Finance/Chief Financial Officer, Emporia State University, Emporia, Kansas (Attachment 4)
Ethan Erickson, Chief Financial Officer, Interim Vice President and Chief Operating Officer, Kansas State University, Manhattan, Kansas (Attachment 5)
Jeff DeWitt, Chief Financial Officer and Executive Vice Chancellor For Finance, University of Kansas, Lawrence, Kansas (Attachment 6)
Chairperson Longbine called for any other proponent, opponent, or neutral testimony to be submitted. Seeing none, he closed the hearing on SB322.
