SB 524 (202526): Requiring 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 proced

2025-2026 Kansas Legislature · filed 2026-04-27 · Latest: Died in House Committee

kansasstate-bill

Official title / description

Requiring 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, modifying certain definitions, authorizing the state treasurer to assess a fee to operate the public moneys pooled method, creating the public moneys fee fund and providing exceptions to the public moneys pooled method if accounts are subject to conflicting federal law.

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

Requiring 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, modifying certain definitions, authorizing the state treasurer to assess a fee to operate the public moneys pooled method, creating the public moneys fee fund and providing exceptions to the public moneys pooled method if accounts are subject to conflicting federal law.

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

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The strongest published arguments

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Arguments against (opponents)

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Alternatives

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Officials and money

Authors: Committee on Assessment and Taxation

Cost estimate: No cost estimate published yet.

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

Kansas Legislature bill page (text, history, votes)
Open States bill page
Data: Kansas 2025-2026 bills (Kansas Legislature public bill_status API) <https://www.kslegislature.gov/li/api/v13/rev-1/bill_status/> (date and status are the last action shown there)

Record st-ks-202526-sb524 · catalog st-ks-kslegislature-bills · updated 2026-11-03 by psicol ks-bills