2006 Kansas Code - 73-2405

      73-2405.   Same; acceptance of gifts; sesquicentennial fund expenditures. (a) The Kansas territorial sesquicentennial commission is hereby authorized and empowered to accept donations, gifts, bequests and other contributions of money to be used in furthering sesquicentennial activities.

      (b) (1)   There is hereby created in the state treasury the sesquicentennial fund which shall be administered by the state historical society. The chairperson of the Kansas territorial sesquicentennial commission shall remit to the state treasurer all moneys received by or for the commission for the purposes of K.S.A. 73-2401 through 73-2405, inclusive, and amendments thereto. Upon receipt of the remittance, the state treasurer shall deposit the entire amount in the state treasury and credit it to the sesquicentennial fund.

      (2)   Moneys in the sesquicentennial fund shall be expended only for the purposes of K.S.A. 73-2401 through 73-2405, inclusive, and amendments thereto, and only upon approval of the Kansas territorial sesquicentennial commission.

      (3)   On or before the 10th of each month, the director of accounts and reports shall transfer from the state general fund to the sesquicentennial fund interest earnings based on: (A) The average daily balance of moneys in the sesquicentennial fund for the preceding month; and (B) the net earnings rate for the pooled money investment portfolio for the preceding month.

      (4)   All expenditures from the sesquicentennial fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by a person authorized by the Kansas territorial sesquicentennial commission for the purposes set forth in this section.

      History:   L. 2001, ch. 152, § 6; July 1.