12-1255. Same; investment of moneys in building fund. - Kansas Statutes

12-1255

Chapter 12.--CITIES AND MUNICIPALITIES Article 12.--LIBRARIES

      12-1255.   Same; investment of moneys in building fund. Such board of directors may invest any portion of the building fund which is not currently needed in investments authorized by K.S.A. 12-1675, and amendments thereto, in the manner prescribed therein or in direct short-term obligations of the United States government, the principal and interest whereof is guaranteed by the government of the United States. All interest received thereon on any such investment, shall upon receipt thereof be credited to the building fund.

      History:   L. 1970, ch. 73, § 2; L. 1977, ch. 54, § 7; July 1.