49-622. Same; land reclamation fund established; deposits and expenditures.
49-622
49-622. Same; land reclamation fund established;deposits and expenditures.(a) There is hereby created within the state treasurythe land reclamation fund.
(b) The director shall remit all moneys collected from feesand civil penalties imposed pursuant to this act to the state treasurerinaccordance with the provisions of K.S.A. 75-4215, and amendmentsthereto.Uponreceipt of each such remittance, thestate treasurer shall deposit the entire amount in the state treasury to thecredit of the land reclamation fund.
(c) All costs of administering the provisions of this act shall be paidfrommoneys credited or transferred to the land reclamation fund pursuant to thissection.Expenditures from the fund shall be made inaccordance with appropriation acts upon warrants of the director ofaccounts and reports issued pursuant to vouchers approved by the director.
(d) On or beforethe 10th of each month, the director of accounts and reports shall transferfrom the state general fund to the land reclamation fund interest earningsbased on:
(1) The average daily balance ofmoneys in the land reclamation fund for thepreceding month; and
(2) the net earnings rate of the pooled money investment portfolio forthe preceding month.
History: L. 1994, ch. 197, § 22;L. 1996, ch. 253, § 8;L. 2001, ch. 5, § 187; July 1.