Kan. Stat. Ann. § 75-4214
Fee agency accounts; designation or selection of banks or savings and loan association; requirements to hold fee agency account; monthly statement
Kansas · Kansas Statutes Annotated Chapter 75 — State Departments; Public Officers and Employees · Status: effective
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- Citation
- Kan. Stat. Ann. § 75-4214, Fee agency accounts; designation or selection of banks or savings and loan association; requirements to hold fee agency account; monthly statement, Kansas, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2607760
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Full text
(a) Any state agency making collection of any moneys, with the approval of the board, may select a bank, savings bank or savings and loan association in the county in which the agency is located to have a fee agency account for the deposit of such moneys.
(b) To be eligible to hold a fee agency account as provided under subsection (a), any designated bank, savings bank or savings and loan association must meet the minimum capital requirements for a commercial bank as required by the federal deposit insurance corporation.
(c) At the end of each month any bank, savings bank or savings and loan association having a fee agency account shall forward to the board a detailed statement of such account.