CHAPTER 123
Substitute for HOUSE BILL No. 2478
An Act relating to state moneys; relating to
the interest earned at the pooled money in-
vestment portfolio rate; amounts credited to
certain funds; certain rate increments based
thereon; establishing the wheat research
reserve fund; amending K.S.A. 75-2256, 82a-
1306, 82a-1308a, 82a-1315b and 82a-1370 and
K.S.A. 1997 Supp. 55-192, 65-34,146 and
74-7325 and repealing the existing
sections.
Be it enacted by the Legislature of the State of Kansas:
Section 1. K.S.A. 1997 Supp. 55-192 is hereby amended to
read as
follows: 55-192. (a) There is hereby established in the state
treasury the
abandoned oil and gas well fund.
(b) Moneys in the abandoned oil and gas well fund shall be
used only
for the purpose of paying the costs of: (1) Investigation and
remediation
of contamination sites; (2) investigation of abandoned wells, and
their well
sites, drilling of which began before July 1, 1996; and (3)
plugging, re-
plugging or repairing abandoned wells, and remediation of the well
sites,
drilling of which began before July 1, 1996, in accordance with a
priori-
tization schedule adopted by the commission and based on the degree
of
threat to public health or the environment. No moneys credited to
the
fund shall be used to pay administrative expenses of the commission
or
to pay compensation or other expenses of employing personnel to
carry
out the duties of the commission.
(c) On or before the 10th day of each month, the
director of accounts
and reports shall transfer from the state general fund to the
abandoned
oil and gas well fund the amount of money certified by the
pooled money
investment board in accordance with this subsection. Prior
to the 10th
day of each month, the pooled money investment board shall
certify to
the director of accounts and reports the amount of money
equal to the
proportionate amount of all the interest credited to the
state general fund
for the preceding period of time specified under this
subsection, pursuant
to K.S.A. 75-4210a and amendments thereto, that is
attributable to mon-
eys in the abandoned oil and gas well fund. Such amount of
money shall
be determined by the pooled money investment board
interest earnings
based on: (1) The average daily balance of moneys in the abandoned
oil
and gas well fund during the period of time specified under
this subsec-
tion as certified to the board by the director of accounts
and reports for
the preceding month; and (2) the average interest
rate on repurchase
agreements of less than 30 days' duration entered into by
the pooled
money investment board for that period of time. On or
before the fifth
day of the month for the preceding month, the director of
accounts and
reports shall certify to the pooled money investment board
the average
daily balance of moneys in the abandoned oil and gas well
fund for the
period of time specified under this subsection
the net earnings rate for
the pooled money investment portfolio for the preceding
month.
(d) All expenditures from the abandoned oil and gas well fund
shall
be made in accordance with appropriations acts upon warrants of
the
director of accounts and reports issued pursuant to vouchers
approved
by the chairperson of the state corporation commission or a person
des-
ignated by the chairperson.
Sec. 2. K.S.A. 1997 Supp. 65-34,146 is hereby amended to
read as
follows: 65-34,146. (a) There is hereby established in the state
treasury
the drycleaning facility release trust fund. The fund shall be
administered
by the secretary. Revenue from the following sources shall be
deposited
in the state treasury and credited to the fund:
(1) Any proceeds from the taxes and fees imposed by this
act;
(2) any interest attributable to investment of moneys in the
dryclean-
ing facility release trust fund;
(3) moneys recovered by the state under the provisions of this
act,
including any moneys paid under an agreement with the secretary or
as
civil penalties; and
(4) moneys received by the secretary in the form of gifts,
grants, re-
imbursements or appropriations from any source intended to be used
for
the purposes of this act.
(b) Moneys in the fund may be expended for only the following
pur-
poses and for no other governmental purpose:
(1) The direct costs of administration and enforcement of this
act; and
(2) the costs of corrective action as provided in
K.S.A. 1996 Supp.
65-34,150 K.S.A. 1997 Supp. 65-34,148, and
amendments thereto.
(c) It is the intent of the legislature that the fund shall
remain intact
and inviolate for the purposes set forth in this act, and moneys in
the
fund shall not be subject to the provisions of K.S.A. 75-3722,
75-3725a
and 75-3726a, and amendments thereto.
(d) On or before the 10th day of each month, the director of
accounts
and reports shall transfer from the state general fund to the
drycleaning
facility release trust fund, the amount of money certified
by the pooled
money investment board in accordance with this subsection.
Prior to the
10th day of each month, the pooled money investment board
shall certify
to the director of accounts and reports the amount of money
equal to the
proportionate amount of all the interest credited to the
state general fund
for the preceding period of time specified under this
subsection, pursuant
to K.S.A. 75-4210a and amendments thereto, that is
attributable to mon-
eys in the drycleaning facility release trust fund. Such
amount of money
shall be determined by the pooled money investment
board interest earn-
ings based on: (1) The average daily balance of moneys in
the drycleaning
facility release trust fund during the period of time
specified under this
subsection as certified to the board by the director of
accounts and reports
for the preceding month; and (2) the average
interest rate on the purchase
agreements of less than 30 days' duration entered into by
the pooled
money investment board for that period of time. On or
before the 5th
day of the month for the preceding month, the director of
accounts and
reports shall certify to the pooled money investment board
the average
daily balance of moneys in the drycleaning facility release
trust fund for
the period of time specified under this subsection
the net earnings rate
for the pooled money investment portfolio for the preceding
month.
(e) All expenditures from the drycleaning facility release
trust fund
shall be made in accordance with appropriation acts upon warrants
of the
director of the accounts and reports issued pursuant to vouchers
approved
by the secretary for the purposes set forth in this section.
Sec. 3. K.S.A. 1997 Supp. 74-7325 is hereby amended to
read as
follows: 74-7325. (a) There is hereby created in the state treasury
the
protection from abuse fund. All moneys credited to the fund shall
be used
solely for the purpose of making grants to programs providing: (1)
Tem-
porary emergency shelter for victims of domestic abuse and their
de-
pendent children; (2) counseling and assistance to those victims
and their
children; or (3) educational services directed at reducing the
incidence
of domestic abuse and diminishing its impact on the victims. All
moneys
credited to the fund pursuant to K.S.A. 20-367 and amendments
thereto
shall be used only for on-going operating expenses of such
programs.
(b) All expenditures from the protection from abuse fund shall
be
made in accordance with appropriation acts upon warrants of the
director
of accounts and reports issued pursuant to vouchers approved by
the
attorney general or by a person or persons designated by the
attorney
general.
(c) The crime victims compensation board may apply for,
receive and
accept moneys from any source for the purposes for which moneys in
the
protection from abuse fund may be expended. Upon receipt of any
such
moneys, the attorney general shall remit the entire amount at
least
monthly to the state treasurer, who shall deposit it in the state
treasury
and credit it to the protection from abuse fund.
(d) Grants made to programs pursuant to this section shall be
based
on the numbers of persons served by the program and shall be made
only
to the city of Wichita or to agencies which are engaged, as their
primary
function, in programs aimed at preventing domestic violence or
providing
residential services or facilities to family or household members
who are
victims of domestic violence. In order for programs to qualify for
funding
under this section, they must:
(1) Meet the requirements of section 501(c) of the internal
revenue
code of 1986;
(2) be registered and in good standing as a nonprofit
corporation;
(3) meet normally accepted standards for nonprofit
organizations;
(4) have trustees who represent the racial, ethnic and
socioeconomic
diversity of the county or counties served;
(5) have received 50% or more of their funds from sources
other than
funds distributed through the fund, which other sources may be
public
or private and may include contributions of goods or services,
including
materials, commodities, transportation, office space or other types
of fa-
cilities or personal services;
(6) demonstrate ability to successfully administer
programs;
(7) make available an independent certified audit of the
previous
year's financial records;
(8) have obtained appropriate licensing or certification, or
both;
(9) serve a significant number of residents of the county or
counties
served;
(10) not unnecessarily duplicate services already adequately
provided
to county residents; and
(11) agree to comply with reporting requirements of the crime
vic-
tims compensation board.
The crime victims compensation board may adopt rules and
regulations
establishing additional standards for eligibility and
accountability for
grants made pursuant to this section.
(e) As used in this section, ``domestic abuse'' means abuse as
defined
by the protection from abuse act (K.S.A. 60-3101 et seq.,
and amendments
thereto).
(f) On or before the 10th day of each month, the
director of accounts
and reports shall transfer from the state general fund to the
protection
from abuse fund, the amount of money certified by the
pooled money
investment board in accordance with this subsection. Prior
to the 10th of
each month, the pooled money investment board shall certify
to the di-
rector of accounts and reports the amount of money equal to
the pro-
portionate amount of all the interest credited to the state
general fund
for the preceding period of time specified under this
subsection, pursuant
to K.S.A. 75-4210a, and amendments thereto, that is
attributable to
money in the protection from abuse fund. Such amount of
money shall
be determined by the pooled money investment board
interest earnings
based on:
(1) The average daily balance of moneys in the protection from
abuse
fund during the period of time specified under this
subsection as certified
to the board by the director of accounts and
reports for the preceding
month; and
(2) the average interest rate on repurchase agreements
of less than
30 days' duration entered into by the pooled money
investment board for
that period of time. On or before the fifth day of the
month for the
preceding month, the director of accounts and reports shall
certify to the
pooled money investment board the average daily balance of
moneys in
the protection from abuse fund for the period of time
specified under
this subsection the net earnings rate for the
pooled money investment
portfolio for the preceding month.
Sec. 4. K.S.A. 75-2256 is hereby amended to read as
follows: 75-
2256. (a) There may be placed on the grounds of the state capitol
a
life-size version of the sculpture ``Ad Astra,'' which has been
selected
pursuant to K.S.A. 75-2249 and amendments thereto for placement
atop
the state capitol. If placed on the state capitol grounds, the
sculpture shall
be located at a site to be selected by the capitol area plaza
authority. The
sculpture and its pedestal shall conform to design and
architectural draw-
ings reviewed by the division of facilities management of the
department
of administration and approved by the capitol area plaza
authority.
(b) The secretary of administration is hereby authorized to
receive
moneys from any grants, gifts, contributions or bequests made for
the
purpose of financing the creation, construction or maintenance of
the
sculpture and its pedestal and to expend such moneys for the
purpose for
which received. No public moneys shall be expended for the purpose
of
financing the creation, construction or maintenance of the
sculpture or
its pedestal.
(c) There is hereby established in the state treasury the ad
astra sculp-
ture fund. Expenditures from the fund may be made for the purposes
of
creating, constructing and maintaining the sculpture and its
pedestal and
for such purposes as may be specified with regard to any grant,
gift,
contribution or bequest. All such expenditures shall be made upon
war-
rants of the director of accounts and reports issued pursuant to
vouchers
approved by the secretary of administration or the secretary's
designee.
(d) On or before the 10th day of the month following the month
in
which moneys are first credited to the ad astra sculpture
fund, and
monthly thereafter on or before the 10th day of the month,
the director
of accounts and reports shall transfer from the state
general fund to the
ad astra sculpture fund the amount of money certified by
the pooled
money investment board in accordance with this subsection.
Prior to the
10th day of the month following the month in which moneys
are first
credited to the ad astra sculpture fund, and monthly
thereafter prior to
the 10th day of the month, the pooled money investment
board shall
certify to the director of accounts and reports the amount
of money equal
to the proportionate amount of all the interest credited to
the state gen-
eral fund for the preceding month, pursuant to K.S.A.
75-4210a and
amendments thereto, that is attributable to moneys in the
ad astra sculp-
ture fund. Such amount of money shall be determined by the
pooled
money investment board interest earnings
based on: (1) The average daily
balance of moneys in the ad astra sculpture fund during the
preceding
month as certified to the board by the director of accounts
and reports
for the preceding month; and (2) the average
interest rate on repurchase
agreements of less than 30 days' duration entered into by
the pooled
money investment board. On or before the fifth day of the
month follow-
ing the month in which moneys are first credited to the ad
astra sculpture
fund, and monthly thereafter on or before the fifth day of
the month, the
director of accounts and reports shall certify to the
pooled money in-
vestment board the average daily balance of moneys in the
ad astra sculp-
ture fund during the preceding month the net
earnings rate for the pooled
money investment portfolio for the preceding month.
Sec. 5. K.S.A. 82a-1306 is hereby amended to read as
follows: 82a-
1306. (a) Every contract made under authority of K.S.A. 82a-1305,
and
amendments thereto, shall include the following:
(1) Provision for charges, which shall be set by the director,
subject
to approval by the authority, at a rate which the director shall
fix per 1,000
gallons of water at the point of withdrawal from the reservoir as
provided
in K.S.A. 82a-1308a, and amendments thereto;
(2) except as provided in subsection (b), provisions for a
minimum
annual charge to be paid in either an annual lump sum or in 12
equal
monthly installments, whether or not water is withdrawn during the
cal-
endar year. The minimum annual charge shall be the sum of 50% of
the
total amount of water contracted for that year multiplied by the
rate fixed
under paragraph (1), plus, the remaining 50% of the water reserved
under
contract for that year, an amount as interest computed at a rate
per annum
equal to the average rate of interest earned the
past of the monthly net
earnings rates for the pooled money investment portfolio for the
preceding
calendar year on repurchase agreements of less than 30
days' duration
entered into by the pooled money investment board
on the net amount
of moneys advanced from state funds for costs incurred and
associated
with that portion of the state's conservation water supply
capacity. The
amount of water contracted for during the term may be based upon
either
equal annual amounts or an agreed-upon graduated scale which
would
be the best estimate at the time of contracting for the purchaser's
water
needs during the term of the contract;
(3) provisions that the director shall review and may adjust
the rate
provided in paragraph (1) on July 15 of each year effective January
1 of
the following year to reflect any change in experience by
substituting the
adjusted rate for the rate then stated in the contract;
(4) provisions that the director may adjust the total amount
of water
contracted for as provided under paragraph (2) on the sixth
anniversary
of the execution of the contract and each annual anniversary
thereafter,
if the contractor does not begin full payment for the water under
contract
and another water user is ready, willing and able to contract for
such
water;
(5) provisions that water may be withdrawn in any calendar
year up
to the quantity used to compute the minimum annual charge under
par-
agraph (2) without additional charge;
(6) provisions that water may be withdrawn in any calendar
year in
excess of the quantity used to compute the minimum annual charge
under
paragraph (2) but not to exceed the full amount specified in the
contract
for each year, upon payment of a charge therefor which shall be
computed
at the rate fixed under paragraph (1) for all water actually
withdrawn. In
addition, an amount shall be paid, on the unused balance of the
water
reserved under contract that calendar year, as interest computed as
a rate
per annum equal to the average of interest earned the past calendar
year
on repurchase agreements of less than 30 days' duration entered
into by
the pooled money investment board on the net amount of moneys
ad-
vanced from state funds for costs incurred and associated with that
por-
tion of the state's conservation water supply capacity;
(7) provisions that if the total amount of waters contracted
for with-
drawal from any reservoir in any year is greater than the supply
available
from that reservoir, the director, subject to approval by the
authority, will
apportion the available waters among the persons having contracts
there-
for as may best provide for the health, safety and general welfare
of the
people of this state as determined by the authority, and neither
the state
nor the authority shall be responsible or have any legal liability
for any
insufficiency of water or apportionment thereof;
(8) additional provisions that the director finds reasonable
and nec-
essary to protect the public's interest and to achieve the purpose
set forth
in article 9 of chapter 82a of Kansas Statutes Annotated, and
amendments
thereto; and
(9) additional provisions, within the purview of this act,
that the di-
rector finds reasonable and necessary to protect the health, safety
and
general welfare of the people of this state.
(b) Every contract entered into under the authority of K.S.A.
82a-
1305, and amendments thereto, may provide, if the parties agree,
that
the beginning of the payment period be deferred until water is
available
and whenever, in order to use such water, bonds are required to be
issued
or the construction of transmission or treatment facilities is
required as
follows: If water is not available at the time of contracting, for
a maximum
of three years from the date the water first becomes available, or
until
actual use of the water commences, whichever occurs first. If water
is
available at the time of contracting, the beginning of the payment
period
may be deferred to a date three years from the date of the
contract, or
until actual use of the water commences, whichever occurs
first.
Sec. 6. K.S.A. 82a-1308a is hereby amended to read as
follows:
82a-1308a. (a) On July 15 of each year, effective January 1 of the
following
year, the director, subject to the approval of the authority, shall
fix the
rate provided for in subsection (a) of K.S.A. 82a-1306, and
amendments
thereto. The rate fixed shall be equal to the sum of the following
com-
ponents computed as provided in this section:
(1) An amount necessary to repay the amortized capital costs
asso-
ciated with the state's conservation water supply capacity;
(2) an amount as interest computed at a rate per annum equal
to the
average rate of interest earned the preceding
of the monthly net earnings
rate of the pooled money investment board for the preceding
calendar
year on repurchase agreements of less than 30 days'
duration entered into
by the pooled money investment board on the net
amount of moneys
advanced from the state general fund for payment of the amortized
capital
costs incurred and associated with the state's conservation water
supply
capacity divided by the greater of: (A) Fifty percent of the total
amount
of water under each contract from the state's conservation storage
water
supply capacity in the preceding year; or (B) the total amount of
water
withdrawn under each contract from the state's conservation storage
wa-
ter supply capacity in the preceding year;
(3) the amount necessary to reimburse the state for the
administra-
tion and enforcement of this act based on the actual costs of
administra-
tion and enforcement in the preceding year divided by the greater
of: (A)
Fifty percent of the total amount of water under each contract from
the
state's conservation storage water supply capacity in the preceding
year;
or (B) the total amount of water withdrawn under each contract from
the
state's conservation storage water supply capacity in the preceding
year;
and
(4) the amount necessary to repay the operation, maintenance
and
repair costs associated with the state's conservation water supply
capacity
based on the actual costs of operation, maintenance and repair of
the
state's conservation water supply capacity in the preceding year
divided
by the greater of: (A) Fifty percent of the total amount of water
under
each contract from the state's conservation storage water supply
capacity
in the preceding year; or (B) the total amount of water withdrawn
under
each contract from the state's conservation storage water supply
capacity
in the preceding year; and
(5) an amount equal to $.025 as a depreciation reserve cost to
be
dedicated for the purposes provided for in K.S.A. 82a-1315b, and
amend-
ments thereto.
(b) In computing such rates, the director shall consider the
state's
conservation water supply capacity from all sources as though
impounded
in one single reservoir. No water supply capacity of a reservoir
shall be
considered to be in such capacity until the year in which the state
incurs
contract obligations for the project. The rate so fixed for each
year shall
be the same for each contract under K.S.A. 82a-1305, and
amendments
thereto, for withdrawal from every reservoir. The rate
so fixed for each
twelve-month period from January 1 to December 31 shall be the
same
for every contract under K.S.A. 82a-1305, and amendments
thereto.
Sec. 7. K.S.A. 82a-1315b is hereby amended to read as
follows:
82a-1315b. (a) The director, subject to approval of the authority,
shall
acquire or develop conservation storage water supply capacity in
im-
poundments deemed necessary to implement the state water plan.
(b) That portion of all moneys received by the state treasurer
pur-
suant to K.S.A. 82a-1315a, and amendments thereto, which is not
attrib-
utable to (1) the annual repayment on water storage costs in
federal res-
ervoirs as computed under subsection (a)(1) of K.S.A. 82a-1308a,
and
amendments thereto; (2) the operation, maintenance and repair
costs
associated with the state's conservation water supply capacity; and
(3) the
costs in administering and enforcing the provisions of this act,
shall be
deposited in the state treasury to the credit of the state
conservation
storage water supply fund which is hereby established. The director
shall
provide the treasurer with an accounting of the total remittances
and shall
deposit money only to the credit of the state conservation storage
water
supply fund after the full amount of the costs attributable to the
water
marketing fund from the preceding calendar year have been repaid.
For
purposes of calculating the rate in K.S.A. 82a-1308a, and
amendments
thereto, effective beginning calendar year 1986, all moneys
received pur-
suant to this act since 1975 shall be credited for repayment of the
com-
ponents in the following order: K.S.A. 82a-1308a (1), (4), (3),
(2), (5).
(c) The state conservation storage water supply fund shall
serve in
part as a savings fund to further the purpose of this act and the
fund shall
retain all be credited amounts for interest
earned thereon in accordance
with subsection (e). The director may accept or receive
moneys from any
source, governmental or private, for the purposes for which
expenditures
may be made from this fund. The director shall remit all such
moneys to
the state treasurer at least monthly. The state treasurer shall
deposit same
in the state treasury to the credit of the state conservation
storage water
supply fund.
(d) All expenditures from the state conservation storage water
supply
fund shall be made in accordance with appropriation acts upon
warrants
of the director of accounts and reports issued pursuant to vouchers
ap-
proved by the director of the Kansas water office or by a person or
persons
designated by the director and shall be used solely for the purpose
of
acquisition or development of conservation storage water supply in
im-
poundments deemed necessary to implement the state water plan,
in-
cluding expenditures related to the issuance of revenue bonds for
such
purposes and nonwater supply benefits associated with such
purposes.
(e) On or before the 10th of each month, the director of
accounts and
reports shall transfer from the state general fund to the
conservation stor-
age water supply fund interest earnings based on:
(1) The average daily balance of moneys in the conservation
storage
water supply fund for the preceding month; and
(2) the net earnings rate of the pooled money investment
portfolio for
the preceding month.
Sec. 8. K.S.A. 82a-1370 is hereby amended to read as
follows: 82a-
1370. (a) To provide financing to acquire conservation water supply
stor-
age in federal reservoirs, the pooled money investment board is
author-
ized and directed to loan to the director of the Kansas water
office, upon
request therefor, sufficient funds for such purpose. The pooled
money
investment board is authorized and directed to use any moneys in
the
operating accounts, investment accounts or other investments, of
the state
of Kansas to provide funds for such loan. On the loan date of such
loan,
the pooled money investment board shall transfer the loan amount to
the
director of the Kansas water office by depositing the same in the
state
treasury to the credit of the water supply storage acquisition
financing
fund.
(b) Such loan shall bear interest from the date of the loan at
an annual
rate of interest which is not less than the average yield before
taxes re-
ceived on 91-day United States treasury bills as determined by the
federal
reserve banks as fiscal agents of the United States at its most
recent public
offering of such bills in effect on January 1 of such year. The
principal
and interest thereon shall be payable in accordance with subsection
(c).
Such loan shall not be deemed to be an indebtedness or debt of the
state
of Kansas within the meaning of section 6 of article 11 of the
Constitution
of the state of Kansas.
(c) The principal and interest on any loan made under this
section,
shall be payable in accordance with appropriations acts from the
following
sources, in descending order of priority:
(1) Amounts received under contracts entered into pursuant to
the
state water plan storage act or the water assurance program act, if
the
water supply storage capacity purchased with the loan proceeds is
to be
used to service such contracts;
(2) state water plan fund created by K.S.A. 82a-951 and
amendments
thereto;
(3) the state economic development initiatives fund created by
K.S.A.
79-4804 and amendments thereto; and
(4) the state general fund.
(d) There is hereby created in the state treasury the water
supply
storage acquisition financing fund. On or before the 10th
day of each
month, the director of accounts and reports shall transfer from the
state
general fund to the water supply storage acquisition financing
fund, the
amount of money certified by the pooled money investment
board in
accordance with this subsection. Prior to the 10th of each
month, the
pooled money investment board shall certify to the director
of accounts
and reports the amount of money equal to the proportionate
amount of
all the interest credited to the state general fund for the
preceding period
of time specified under this subsection, pursuant to K.S.A.
75-4210a, and
amendments thereto, that is attributable to money in the
water supply
storage acquisition financing fund. Such amount of money
shall be de-
termined by the pooled money investment board
interest earnings based
on:
(1) The average daily balance of moneys in the water supply
storage
acquisition financing fund during the period of time
specified under this
subsection as certified to the board by the director of
accounts and reports
for the preceding month; and
(2) the average interest rate on repurchase agreements
of less than
30 days' duration entered into by the pooled money
investment board for
that period of time. On or before the fifth day of the
month for the
preceding month, the director of accounts and reports shall
certify to the
pooled money investment board the average daily balance of
moneys in
the water supply storage acquisition financing fund for the
period of time
specified under this subsection the net
earnings rate for the pooled money
investment portfolio for the preceding month.
(e) All expenditures from the water supply storage acquisition
fi-
nancing fund shall be made for the purpose of financing the
acquisition
of water supply storage in federal reservoirs and for the purpose
of paying
the principal and interest on the loan received under this section
in ac-
cordance with appropriation acts upon warrants of the director of
ac-
counts and reports issued pursuant to vouchers approved by the
director
of the Kansas water office or by a person designated by the
director.
New Sec. 9. (a) There is hereby created in the state
treasury the
wheat research reserve fund. All moneys credited to such fund shall
be
used solely to replace funding shortfalls in the Kansas wheat
commission
fund for wheat research and market development. Such expenditures
of
the Kansas wheat commission shall be made in accordance with
appro-
priation acts upon warrants of the director of accounts and reports
issued
pursuant to vouchers approved by the administrator or the
administrator's
designee.
(b) No expenditures from the wheat research reserve fund shall
be
made for wheat research and market development until the Kansas
wheat
commission has approved the proposed expenditure.
(c) On or before the 10th of each month, the director of
accounts
and reports shall transfer from the state general fund to the wheat
re-
search reserve fund established in subsection (a) interest earnings
based
on:
(1) The average daily balance of moneys in the wheat research
reserve
fund; and
(2) the net earnings rate of the pooled money investment
portfolio
for the preceding month.
New Sec. 10. On July 1, 1998, the director of accounts
and reports
shall transfer $650,000 from the Kansas wheat commission fund to
the
wheat research reserve fund.
Sec. 11. K.S.A. 75-2256, 82a-1306, 82a-1308a, 82a-1315b
and 82a-
1370 and K.S.A. 1997 Supp. 55-192, 65-34,146 and 74-7325 are
hereby
repealed.
Sec. 12. This act shall take effect and be in force from
and after its
publication in the statute book.
Approved April 20, 1998
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