SB435 — Providing procedures, standards and requirements for the deposit and investment of public moneys, creating the public moneys fee fund and authorizing the state treasurer to assess a fee to operate the public moneys pooled method, making and concerning appropriations for fiscal year 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 and the KPERS board of trustees to elect the vice chairperson of the board, requiring newly affiliated KP&F employers to contribute at the actuarial required rate for past and future service and repealing certain working after retirement statutes for state and local elected officials.

Summary

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.

Bill Text

Action History

1. April 09, 2026

   Approved by Governor on Thursday, April 9, 2026

2. April 03, 2026

   Enrolled and presented to Governor on Friday, April 3, 2026

3. March 27, 2026

   Conference Committee Report was adopted

4. March 25, 2026

   Conference Committee Report was adopted

5. March 25, 2026

   Conference committee report now available

6. March 16, 2026

   Motion to accede adopted; Representative Hoheisel, Representative Stiens, Representative Xu, , appointed as conferees

7. March 12, 2026

   Nonconcurred with amendments; Conference Committee requested; appointed , and

8. March 12, 2026

   Emergency Final Action - Passed as amended

9. March 12, 2026

   Motion to advance to Emergency Final Action adopted

10. March 12, 2026

    Committee of the Whole - Be passed as amended

11. March 12, 2026

    Committee of the Whole - Committee Report be adopted

12. March 12, 2026

    Committee of the Whole - Now working on

13. March 10, 2026

    Committee Report recommending bill be passed as amended by

14. February 26, 2026

    Hearing: Wednesday, March 4, 2026, 9:00 AM — Room 582-N

15. February 13, 2026

    Referred to House Committee on Financial Institutions and Pensions

16. February 12, 2026

    Received and Introduced

17. February 11, 2026

    Emergency Final Action - Passed

18. February 11, 2026

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19. February 11, 2026

    Committee of the Whole - Be passed

20. February 11, 2026

    Committee of the Whole - Now working on

21. February 09, 2026

    Committee Report recommending bill be passed by

22. February 03, 2026

    Hearing: Tuesday, February 3, 2026, 9:30 AM — Room 546-S

23. February 03, 2026

    Referred to Senate Committee on Financial Institutions and Insurance

24. February 02, 2026

    Introduced

Sponsors

• Senate Committee on Financial Institutions and Insurance · Primary

Votes

Subjects