This bill amends K.S.A. 32-991 to establish a requirement for the monthly transfer of interest earnings from the state general fund to the parks fee fund. Specifically, it mandates that the director of accounts and reports transfer interest earnings based on the average daily balance of the parks fee fund and the net earnings rate of the pooled money investment portfolio. The bill also clarifies that all costs and expenses incurred by the department related to the administration and management of state parks will be paid from the parks fee fund, and it restricts the use of moneys derived from state park fees to purposes directly related to state parks.

Additionally, the bill repeals the existing section of K.S.A. 32-991, effectively consolidating the legal framework governing the parks fee fund and its financial management. The act will take effect upon its publication in the statute book, ensuring that the new provisions regarding the transfer of interest earnings and the management of the parks fee fund are implemented promptly.

Statutes affected:
As introduced: 32-991