Kansas SB 435: Expanding law enforcement officers' jurisdiction to include situations when an illegal act is observed that the officer reasonably believes will jeopardize the safety of any person without immediate action.

Bill Text

SENATE BILL No. 435
AN ACT concerning state-managed investments; relating to deposits, procedures, standards
and requirements therefor and certain retirement benefits therefrom; requiring banks,
savings and loan associations and savings banks to enter into a written agreement
with the state treasurer to be a depository of public moneys; increasing the market
value of securities necessary to secure the deposit of public moneys; providing
procedures for when a depository fails to follow the requirements of the state
treasurer; authorizing the state treasurer to assess a fee to operate the public moneys
pooled method; creating the public moneys fee fund of the state treasurer; providing
exceptions to the public moneys pooled method; making and concerning
appropriations for the fiscal year ending June 30, 2027, for the office of the state
treasurer; authorizing a certain transfer from the state general fund to the public
moneys fee fund; modifying investment standards for the board of trustees of the
Kansas public employees retirement system of moneys certified by the state treasurer
as equivalent to the aggregate net amount received for unclaimed property and
authorizing investments in certain foreign governments; authorizing the board of
trustees to elect the vice chairperson of the board; requiring newly affiliated
employers of the Kansas police and firemen's retirement system to contribute at the
actuarial required rate for past and future service; repealing certain working after
retirement statutes for state and local elected officials; amending K.S.A. 9-1401, 9-
1403, 9-1405, 9-1406, 9-1407, 9-1408, 74-4967 and 75-4201 and K.S.A. 2025 Supp.
9-1402, 9-1410, 12-1675, 74-4905, 75-2263 and 75-4218 and repealing the existing
sections; also repealing K.S.A. 74-4915b and 74-4915c.
Be it enacted by the Legislature of the State of Kansas:
New Section 1.
OFFICE OF THE STATE TREASURER
(a) There is appropriated for the above agency from the following
special revenue fund or funds for the fiscal year ending June 30, 2027,
all moneys now or hereafter lawfully credited to and available in such
fund or funds, except that expenditures shall not exceed the following:
Public moneys fee fund...............................................................No limit
(b) On July 1, 2026, or as soon thereafter as moneys are available,
the director of accounts and reports shall transfer $250,000 from the
state general fund to the public moneys fee fund.
Sec. 2. K.S.A. 9-1401 is hereby amended to read as follows: 9-
1401. (a) The governing body of any municipal corporation or quasi-
municipal corporation shall designate by official action, recorded upon
the governing body's minutes, the banks, savings and loan associations
and savings banks which that shall serve as depositories of the
governing body's funds, and the officer and official having the custody
of such funds shall not deposit such funds other than at such designated
banks, savings and loan associations and savings banks. The banks,
savings and loan associations and savings banks which that have main
or branch offices in the county or counties in which all or part of such
municipal corporation or quasi-municipal corporation is located shall
be designated as such official depositories if the municipal or quasi-
municipal corporation can obtain satisfactory security therefor.
(b) Every officer or person depositing public funds shall deposit
all such public funds coming into the officer's or person's possession in
their name and official title as such officer. If the governing body of the
municipal corporation or quasi-municipal corporation fails to designate
an official depository or depositories, the officer thereof having custody
of the governing body's funds shall deposit such funds with one or
more banks, savings and loan associations or savings banks which that
have main or branch offices in the county or counties in which all or
part of such municipal corporation or quasi-municipal corporation is
located if satisfactory security can be obtained therefor. If the officer
having custody is unable to obtain satisfactory security at a depository
within the county or counties where the governing body is located, then
the officer may deposit funds elsewhere. If the governing body's funds
are deposited elsewhere, the officer shall serve notice in writing on the
governing body showing the names and locations of the banks, savings
and loan associations and savings banks where the funds are deposited,
and upon so doing the officer having custody of the funds shall not be

SENATE BILL No. 435—page 2
liable for the loss of any portion thereof except for official misconduct
or for the misappropriation of such funds by such officer.
(c) If eligible banks, savings and loan associations or savings
banks under subsections subsection (a) or (b) cannot or will not provide
an acceptable bid, which shall include services, for the depositing of
public funds under this section, then banks, sa