Kan. Admin. Regs. § 122-3-8

Current through Register Vol. 44, No. 2, January 9, 2025

Section 122-3-8 - Conflicts of interest

(a) Except upon unanimous vote of the board members voting, no investment of any state moneys shall be made when one or more members, officers or employees of the board has personal business activity that:

(1) conflicts with proper execution of that investment; or

(2) could impair the ability of that member, officer, or employee to make an impartial decision regarding that investment.

(b) Each investment officer and investment analyst appointed by the board shall disclose to the board any material financial interest in any financial institution that conducts business within the state and any personal financial or investment position that is related to the performance of any investment of the board. Each investment officer and investment analyst shall subordinate the officer's or analyst's personal investment transactions to those of the board, particularly with regard to timing of purchases and sales.

Kan. Admin. Regs. § 122-3-8

Authorized by and implementing K.S.A. 1994 Supp. 75-4232; effective, T-122-7-27-95, July 27, 1995; effective Nov. 17, 1995.