Kansas Statutes 76-755. Same; authorized uses; approval of additional activities; accounting procedures
Terms Used In Kansas Statutes 76-755
- Board of regents: means the state board of regents provided for in the constitution of this state and described in article 32 of chapter 74 of Kansas Statutes Annotated and amendments thereto. See Kansas Statutes 76-711
- Institution: means any institution under the control and supervision of the state board of regents. See Kansas Statutes 76-739
- State: means the state of Kansas. See Kansas Statutes 76-779
- State board: means the state board of regents. See Kansas Statutes 76-7,126
- State educational institution: means the university of Kansas, Kansas state university of agriculture and applied science, Wichita state university, Emporia state university, Pittsburg state university, and Fort Hays state university. See Kansas Statutes 76-711
(a) There is hereby established in the state treasury a service clearing fund for each state educational institution.
(b) The service clearing fund at a state educational institution shall be used only as a working capital fund to finance the internal service activities rendered to the state educational institution’s own departments, other institutional related organizations and specific organizations and classes of individuals approved by the state board of regents, which activities are specified in appropriations acts for the service clearing fund or which are authorized for the service clearing fund by the state board of regents with the approval of the state finance council acting on this matter which is hereby characterized as a matter of legislative delegation and subject to the guidelines prescribed in subsection (c) of Kan. Stat. Ann. §§ 75-3711c and amendments thereto.
(c) The director of accounts and reports shall approve the accounting procedures to be used for service clearing funds to insure a self-supporting operation of each service clearing fund.