Kansas SB115 establishes the Kansas Bullion Depository Act to authorize the state treasurer to manage bullion depositories.
Kansas SB115 enacts the Kansas Bullion Depository Act, authorizing the state treasurer to establish, administer, or contract for the administration of bullion depositories. The act allows state moneys to be deposited in these depositories and invested in specie legal tender. State agencies, counties, municipalities, and other governmental entities can use these depositories for storing bullion. The state treasurer can deposit a portion of state moneys into a depository in the form of bullion, which is considered part of the state's official financial reserves.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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