58-3978. Approval of expenditures from unclaimed property claims fund, unclaimed property expense fund and unclaimed mineral proceeds trust fund; transfer of assets and liabilities of prior funds. - Kansas Statutes

58-3978

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 39.--DISPOSITION OF UNCLAIMED PROPERTY ACT

      58-3978.   Approval of expenditures from unclaimed property claims fund,unclaimed property expense fund and unclaimed mineral proceeds trust fund;transfer of assets and liabilities of prior funds.(a) All expenditures from the unclaimed property claims fund, theunclaimed property expense fund andthe unclaimed mineral proceeds trust fund shall be made inaccordance with appropriation acts upon warrants of the director of accountsand reports issued pursuant to vouchers approved by the administrator or by aperson designated by the administrator.

      (b)   On the effective date of this act, the director of accounts and reportsshall transfer all moneys in the unclaimed property suspense fund to theunclaimed property claimsfund. On the effective date of this act,the director of accounts and reports shall transfer all moneys in the unclaimedproperty contract fund to the unclaimed property expensefund and the unclaimed propertycontract fund is hereby abolished. On the effective date of this act, allliabilities of the unclaimed property suspense fund are hereby imposed on theunclaimed property claims fundand the unclaimed propertysuspense fund is hereby abolished.

      History:   L. 1994, ch. 8, § 45; March 3.