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KS SB232
Bill
Status
2/24/2026
Primary Sponsor
Federal and State Affairs
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AI Summary
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Authorizes the Kansas Public Employees Retirement System (KPERS) board of trustees to invest unclaimed property funds in U.S. dollar-denominated bonds and similar obligations of foreign governments listed as industrial countries by the International Monetary Fund.
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Foreign government investments must be rated at least A- by Standard and Poor's, A3 by Moody's, or A- by Fitch, and the country must have never defaulted on short-term or long-term debt obligations.
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Limits foreign government securities investments to no more than 5% of cash available for investment under this section.
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Prohibits investments in foreign governments identified as state sponsors of terrorism or authoritarian/totalitarian governments whose leaders are not elected through legitimate popular voting.
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Amends K.S.A. 2025 Supp. 75-2263 and takes effect upon publication in the statute book.
Legislative Description
Modifying investment standards of moneys of the board of trustees of the Kansas public employees retirement system certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property to authorize investment in certain foreign governments.
Last Action
House Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Pensions
3/10/2026