Kan. Stat. § 76-743

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4

Section 76-743 - National direct student loan funds of institutions; transfers from state general fund, amounts, time

On or before the 10^th of each month, the director of accounts and reports shall transfer from the state general fund to each national direct student loan fund of state educational institutions under the control and supervision of the state board of regents interest earnings based on:

(a) The average daily balance of moneys in each national direct student loan fund of state educational institutions under the control and supervision of the state board of regents for the preceding month; and

(b) the net earnings rate for the pooled money investment portfolio for the preceding month.

K.S.A. 76-743

L. 1983, ch. 249, § 1; L. 1996, ch. 253, § 33; May 23.