Kansas § 9-1412 - Reports required by a bank, savings and loan association or savings bank and the administrator upon request of a governmental unit

§ 9-1412. Reports required by a bank, savings and loan association or savings bank and the administrator upon request of a governmental unit

9-1412. Reports required by a bank, savings and loan association or savings bank and the administrator upon request of a governmental unit. (a) A bank, savings and loan association or savings bank, upon the request of a governmental unit, shall report as of the date of such request the amount of public moneys deposited in such bank, savings and loan association or savings bank that is not insured or guaranteed by the federal deposit insurance corporation by:(1) The governmental unit making the request; and(2) the total amount for all other governmental units secured pursuant to K.S.A. 9-1402 and 12-1675, and amendments thereto, and the aggregate market value of the pool of securities deposited, pledged or in which a security interest has been granted to secure public moneys held by the bank, savings and loan association or savings bank, including those public moneys deposited by the governmental unit.Such report shall be made on or before the date that the governmental unit specifies.(b) The administrator, upon the request of a governmental unit, shall report as of the date of such request the aggregate market value of the pool of securities deposited, pledged or in which a security interest has been granted by the bank, savings and loan association or savings bank and provide an itemized list of the securities in such pool. The governmental unit shall specify the date on which such report shall be made by such qualified trustee.(c) This section shall take effect on and after January 1, 2026.History: L. 2025, ch. 41, § 3; July 1.