38-2009. Kansas insurance coverage for children fund, credits, expenditures.
38-2009
38-2009. Kansas insurance coverage for childrenfund, credits, expenditures.(a) There is hereby established in the state treasury theKansas insurance coverage for children fund.
(b) The secretary is authorizedto apply for and receive grants, gifts and donations from nonfederal sourcesforthe purposes set out under this act.
(c) The secretary shall remit all moneys received under subsection (b) tothe state treasurer in accordance with the provisions ofK.S.A. 75-4215,andamendments thereto. Upon receipt of each such remittance, the state treasurershall deposit the entire amount in the statetreasuryto the credit of the Kansas insurancecoverage for children fund.
(d) On or before the 10th day of each month, the director of accounts andreports shall transfer from the state general fund to the Kansas insurancecoverage for children fund interest earnings based on: (1) The average dailybalance of moneys in such fund for the preceding month; and (2) the netearnings rate for the pooled money investment portfolio for the precedingmonth.
(e) All expenditures from the Kansas insurance coverage for children fundshall be made in accordance with appropriation acts upon warrants of thedirector of accounts and reports issued pursuant to vouchers approved bythe secretary or the secretary's designee for the purposes of this act.
History: L. 1998, ch. 125, § 10;L. 2001, ch. 5, § 108; July 1.