CHAPTER 71 SENATE BILL No. 549 An Act concerning cities; relating to depositories for public moneys; amending K.S.A. 1999
Supp. 9-1406 and repealing the existing section. Be it enacted by the Legislature of the State of Kansas:

      Section  1. K.S.A. 1999 Supp. 9-1406 is hereby amended to read as
follows: 9-1406. No public officer nor the sureties upon such officer's
bond shall be liable for any loss sustained by the failure or default of any
designated depository or depositories after a deposit or deposits have
been made in an officially designated bank, savings and loan association
or savings bank as provided in this act. This exemption from liability shall
apply even though other statutes shall require the furnishing of a bond
or other securities by the designated depositories of public moneys. This
exemption shall also apply whenever a public officer, municipal corpo-
ration or quasi-municipal corporation has acted in good faith to comply
with the provisions of this act.

 Sec.  2. K.S.A. 1999 Supp. 9-1406 is hereby repealed.
 Sec.  3. This act shall take effect and be in force from and after its
publication in the statute book.

Approved April 6, 2000.
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