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HB 2152 (202526): Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a

2025-2026 Kansas Legislature · filed 2025-04-04 · Latest: Approved by Governor on Thursday, April 3, 2025

kansasstate-bill

What does this mean?

Official title / description

Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.

Plain summary

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What a vote does

A “Yea” vote

If it passes both chambers and the governor signs it (or does not veto it), it becomes Kansas law.

A “Nay” vote

If it does not pass, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.

Source: Kansas Legislature bill page (text, history, votes)

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The strongest published arguments

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Alternatives

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Officials and money

Authors: Committee on Financial Institutions and Pensions

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Words on this page, explained (2)
Securities
Financial investments that can be bought and sold, such as stocks and bonds.
Veto
The power of a president or governor to reject a bill passed by the legislature. Lawmakers can override a veto with a large enough vote (two-thirds of each chamber in Congress).

Plain meanings written from linked sources. All words.

Sources

Record st-ks-202526-hb2152 · catalog st-ks-kslegislature-bills · updated 2026-11-03 by psicol ks-bills