SENATE BILL No. 549
An Act concerning cities; relating to depositories for public
moneys; amending K.S.A. 1999
Supp. 9-1406 and repealing the existing section.
Be it enacted by the Legislature of the State of Kansas:
Section 1. K.S.A. 1999 Supp. 9-1406
is hereby amended to read as
follows: 9-1406. No public officer nor the sureties upon such
bond shall be liable for any loss sustained by the failure or
default of any
designated depository or depositories after a deposit or deposits
been made in an officially designated bank, savings and loan
or savings bank as provided in this act. This exemption from
apply even though other statutes shall require the furnishing of a
or other securities by the designated depositories of public
exemption shall also apply whenever a public officer, municipal
ration or quasi-municipal corporation has acted in good faith to
with the provisions of this act.
Sec. 2. K.S.A. 1999 Supp. 9-1406 is hereby
Sec. 3. This act shall take effect and be in force
from and after its
publication in the statute book.
Approved April 6, 2000.