Brief (1)
SB 15, as recommended by the Senate Committee, concerns deposit of agency receipts.
The bill would provide for statutes regarding the deposit of agency receipts to be amended in conformance with the state moneys law (KSA 75-4201) by clarifying that state agencies would be required to make daily deposits to the state treasury, unless granted an exception by the Pooled Money Investment Board.
Background
The bill was recommended by the Legislative Budget Committee during the 2000 Interim. The Director of Investments of the Pooled Money Investment Board testified in support of the bill. A representative of the Office of Judicial Administration requested that the bill be amended to exclude funds collected and disbursed by the Judicial Branch, citing the burden such a requirement would place on District Court clerks.
The fiscal note prepared by the Division of the Budget indicated that the bill would have no fiscal impact.
1. *Supplemental notes are prepared by the Legislative Research Department and do not express legislative intent. The supplemental note and fiscal note for this bill may be accessed on the Internet at http://www.ink.org/public/legislative/fulltext.cgi