reglab/housing_qa huggingface dataset:
KS Stat § 72-26,121 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,121 Same; members accounts in supplemental retirement fund; payments.

72-26,121. Same; members accounts in supplemental retirement fund; payments. The board shall establish and maintain in the supplemental retirement fund an account for each member of the supplemental retirement system. There shall be credited to such account:(1) The amount annually contributed by the board based on the member's salary;(2) a proportionate share of interest received on investments of the fund and of gifts made to the fund, such share to be in the ratio that each member's account bears to the total of all members' accounts: Provided, That if the terms of any gift provide for a different distribution, such gift shall be distributed in accordance with the terms thereof;(3) in the case of members who were contributing members of the separate retirement system at the time it was abolished, the residue of the separate retirement fund shall be credited to such members' accounts in the ratio that the amount paid for each member bears to the total amount paid to the state retirement system.Such account shall be used for the purpose of paying the benefits upon retirement as provided in subsection (1) of K.S.A. 72-17,111. In case any member of the supplemental retirement system shall terminate his employment with the board prior to retirement, or shall die prior to retirement, or shall die prior or subsequent to retirement, such member, his heirs or estate, shall not be entitled to any payments from the supplemental retirement fund by reason of any amounts credited to his account. Upon the termination of the employment of any member before retirement, or upon his death either prior to or subsequent to retirement, the remaining amount credited to his account may, under rules and regulations established by the board, be distributed among the accounts of the remaining members, or credited to a separate account maintained for the purpose of paying retirement benefits to employees retired because of disability.History: L. 1951, ch. 409, § 7; June 30.
KS Stat § 72-26,122 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,122 Same; rules and regulations.

72-26,122. Same; rules and regulations. The board is authorized to establish rules and regulations governing the administration of the supplemental retirement system authorized by this act.History: L. 1951, ch. 409, § 8; June 30.
KS Stat § 72-26,123 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,123 Certain retirement systems; "board of education" defined.

72-26,123. Certain retirement systems; "board of education" defined. Unless a different meaning is clearly required by the context, the words "board of education" when used in this act, shall mean any board of education which, prior to the effective date of this act, has established and is operating a retirement system under any of the provisions of K.S.A. 72-1726 to 72-1734, both sections inclusive, or K.S.A. 72-1780 to 72-17,107, both sections inclusive.History: L. 1953, ch. 328, § 1; Apr. 8.
KS Stat § 72-26,124 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,124 Same; continuation as supplemental systems and membership in state retirement system; procedure and rights.

72-26,124. Same; continuation as supplemental systems and membership in state retirement system; procedure and rights. The members of any retirement system of any board of education operating under any of the provisions of K.S.A. 72-1726 to 72-1734, both sections inclusive, or K.S.A. 72-1780 to 72-17,107, both sections inclusive, (not including members previously retired) and who are school employees as said term is defined in K.S.A. 72-5501 or any amendments thereto, shall become members of the state school retirement system in the manner and subject to the conditions prescribed by K.S.A. 72-5501 or any amendments thereto on September 1st following: (a) The presentation of a petition signed by not less than fifty-one percent (51%) of members of such retirement systems, exclusive of members who have retired, requesting membership in the state school retirement system and requesting continuation of the retirement system of the board of education as a supplemental retirement system in accordance with the provisions of this act, and (b) passage of a resolution by the board of education providing for the continuation of its retirement system as a supplemental retirement system in accordance with the provisions of this act.The sufficiency of the petition shall be determined by the board of education, and upon the filing of such petition and passage of a resolution as provided above, the clerk of the board shall certify to the state school retirement board that such petition has been presented and such resolution has been adopted. The board of education shall contribute to the state school retirement system from the retirement fund of the board of education the amounts required by subsection (d) of K.S.A. 72-5501 to enable the members of its retirement system to become eligible for membership in the state school retirement system: Provided, That in the event any member of the retirement system of the board of education who becomes a member of the state school retirement system shall be retired before continuing in service under said state school retirement system for a year, and is thereby ineligible to receive any annuity from the state school retirement system, the amount contributed by the board of education to the state school retirement fund for the benefit of such member shall be repaid to the board of education and placed in its supplemental retirement fund. School employees of the board of education who are not members of its retirement system may, if otherwise eligible, elect to become members of the state school retirement system, and shall be entitled to service credit in the state school retirement system in accordance with the provisions thereof.History: L. 1953, ch. 328, § 2; Apr. 8.
KS Stat § 72-26,126 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,126 Same; residues; tax levy, use of proceeds; interest from investments.

72-26,126. Same; residues; tax levy, use of proceeds; interest from investments. For the purpose of financing the supplemental retirement system established under the provisions of this act, the board of education shall establish a supplemental retirement fund to which shall be credited:(1) Any residue in a retirement fund established under any of the provisions of K.S.A. 72-1726 to 72-1734, inclusive, and amendments thereto, or K.S.A. 72-1780 to 72-17,107, inclusive, and amendments thereto, after payment of the state school retirement fund of the amounts required by subsection (d) of K.S.A. 72-5501.(2) The proceeds of a special tax levy of not to exceed two mills per annum upon all taxable tangible property within the taxing jurisdiction of the board of education; and said board of education is hereby authorized to make such an annual tax levy for such retirement fund and for the purpose of paying a portion of the principal and interest on bonds issued by cities under the authority of K.S.A. 12-1774, and amendments thereto, for the financing of redevelopment projects upon property located within the school district. Said levy shall be in addition to all other tax levies authorized or limited by law and shall not be subject to or within any aggregate tax levy limits prescribed by article 19 of chapter 79 of the Kansas Statutes Annotated and any amendments thereto.(3) Interest from investments of the fund.History: L. 1953, ch. 328, § 4; L. 1979, ch. 52, § 176; July 1.
KS Stat § 72-26,127 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,127 Same; investment of fund.

72-26,127. Same; investment of fund. The supplemental retirement fund may be invested by the board of education as provided in K.S.A. 72-17,125.History: L. 1953, ch. 328, § 5; L. 1973, ch. 282, § 7; July 1.
KS Stat § 72-26,128 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,128 Same; retirement benefits exempt from income tax.

72-26,128. Same; retirement benefits exempt from income tax. Any retirement benefits paid under the provisions of this act and acts to which this act is amendatory, shall not be subject to taxation under the Kansas income tax act.History: L. 1953, ch. 328, § 6; Apr. 8.
KS Stat § 72-26,129 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,129 Same; issuance of no-fund warrants, when; payment.

72-26,129. Same; issuance of no-fund warrants, when; payment. If at any time the supplemental retirement fund, exclusive of amounts subject to withdrawal by the members, shall be insufficient to pay retirement benefits to the members as they become due, no-fund warrants may be issued by the board of education as provided by K.S.A. 79-2940, or any amendments thereto, except the notation required in said section shall be: "Issued pursuant to authority of law" followed by the citation of this act: Provided, That such no-fund warrants shall not be issued after the end of the first full fiscal year following the effective date of this act, and the approval of the state commission of revenue and taxation shall not be required for the issuance of such warrants.The board of education shall use the proceeds of such no-fund warrants to pay the retirement benefits accruing to members of the supplemental retirement system. The said board of education shall make a levy at the first tax levying period after such warrants are issued sufficient to pay such warrants and the interest thereon as may be required during any budget year. Such levy shall be in addition to all other levies authorized or limited by law and shall not be subject to nor within any aggregate tax levy limit prescribed by article 19 of chapter 79 of the Kansas Statutes Annotated or any amendments thereto.History: L. 1953, ch. 328, § 7; Apr. 8.
KS Stat § 72-26,130 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,130 Same; refunds authorized in certain cases.

72-26,130. Same; refunds authorized in certain cases. The board of education of any school district which is operating a supplemental retirement system under the provisions of K.S.A. 72-17,117 to 72-17,123, both sections inclusive, for the purpose of continuing its retirement systems established under any of the provisions of K.S.A. 72-1726 to 72-1734, both sections inclusive, or K.S.A. 72-1780 to 72-17,107, both sections inclusive, which has in its employ teachers or school employees who were members of any such retirement systems prior to September 1, 1941, may, in its discretion, by resolution duly passed, provide that if any such teacher or school employee has been or shall be retired in or after the year 1965, and upon such retirement was or is not entitled to any supplemental retirement benefits payable from its supplemental retirement fund, then such retired teacher or school employee shall be entitled to a refund of all contributions made by him prior to September 1, 1941, to the retirement fund of any retirement system established under said K.S.A. 72-1726 to 72-1734, both sections inclusive, or K.S.A. 72-1780 to 72-17,107, both sections inclusive. Said refunds shall be paid to such retired teacher or school employee out of the supplemental retirement fund of said school district. Expenditures made under authority of this act by any school district shall not apply in determining any limitation under K.S.A. 1965 Supp. 72-7015 [*], as amended by section 1 of chapter 9 of 1966 special session laws.History: L. 1967, ch. 386, § 1; July 1.* Section repealed by L. 1967, ch. 409, § 20.
KS Stat § 72-26,131 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,131 Same; investment of fund with balance greater than $50,000; prudent investor rule; certain investments authorized for funds with balance less than $50,000.

72-26,131. Same; investment of fund with balance greater than $50,000; prudent investor rule; certain investments authorized for funds with balance less than $50,000. (a) The board of education of any school district to which K.S.A. 72-1727, 72-1760, 72-1781, 72-1789, 72-17,100, 72-17,108 or 72-17,121, and amendments thereto, apply, and the retirement fund of which has a balance greater than $50,000, may invest and reinvest moneys in the retirement fund of the school district and to acquire, retain, manage, including the exercise of any voting rights, and dispose of investments of such fund in accordance with this subsection and K.S.A. 72-17,126 to 72-17,131, inclusive, and amendments thereto. The provisions and standards provided in K.S.A. 58-24a02 and amendments thereto shall apply in investing or reinvesting moneys in such fund.(b) The board of education of any school district to which K.S.A. 72-1727, 72-1760, 72-1781, 72-1789, 72-17,100, 72-17,108 or 72-17,121, and amendments thereto, apply, and the retirement fund of which has a balance of $50,000 or less, may invest and reinvest moneys in such fund only in direct obligations of, or obligations the principal of which and interest on which are unconditionally guaranteed by, the United States of America, or in time deposit open accounts in any bank located in Kansas, except that the amount so invested in a bank shall be secured in the manner prescribed by subsections (a) to (e), inclusive, of K.S.A. 75-4218, and amendments thereto.History: L. 1973, ch. 282, § 8; L. 1989, ch. 48, § 90; L. 1993, ch. 238, § 3; L. 2001, ch. 75, § 11; July 1.
KS Stat § 72-26,132 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,132 Same; policies for investment of fund; formulation and review.

72-26,132. Same; policies for investment of fund; formulation and review. Subject to the standards, objectives and restrictions set forth in K.S.A. 72-17,125, each such board of education shall formulate policies for the investment and reinvestment of moneys in the retirement fund of the school district and the acquisition, retention, management and disposition of investments of such fund. From time to time, each board of education shall review any policies so adopted and make such changes therein as it deems necessary.History: L. 1973, ch. 282, § 9; July 1.
KS Stat § 72-26,133 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,133 Same; contracts with financial advisors authorized; payment for services; fidelity bond.

72-26,133. Same; contracts with financial advisors authorized; payment for services; fidelity bond. Any such board of education may enter into contracts with one or more financial advisors whom it determines to be qualified, whereby the financial advisors undertake to perform the functions specified in K.S.A. 72-17,125 to the extent provided in the contract. Performance of functions under contract so entered into shall be paid for out of the gross interest or other income of the investments with respect to which the functions are performed, and the net interest or other income of the investments after that payment shall be considered income of such retirement fund. Each board of education may require a financial advisor contracted with to give a fidelity bond in such sum as may be fixed by law or, if not so fixed, as may be fixed by the board of education, with corporate surety authorized to do business in this state.History: L. 1973, ch. 282, § 10; July 1.
KS Stat § 72-26,134 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,134 Same; reliance on legal opinions.

72-26,134. Same; reliance on legal opinions. In the acquisition or disposition of securities, each board of education may rely on the written legal opinion of a reputable and nationally recognized bond attorney or attorneys, or the written legal opinion of the attorney of the financial advisors.History: L. 1973, ch. 282, § 11; July 1.
KS Stat § 72-26,135 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,135 Same; custody of fund; payment for services of banks, trust companies.

72-26,135. Same; custody of fund; payment for services of banks, trust companies. Except as provided in K.S.A. 72-17,127 and this section the custody of money and securities of each retirement fund shall remain in the custody of the respective school district treasurer, except that each board of education may arrange for the custody of such money and securities as it considers advisable with a member bank or trust company of the federal reserve system in the state of Kansas to be held in safekeeping by the bank or trust company for the collection of the principal and interest or other income or of the proceeds of sale. The services provided by any such bank or trust company shall be paid for out of the gross receipts from such interest or other income, and the net interest or other income after such payment shall be considered income of the respective retirement fund.History: L. 1973, ch. 282, § 12; July 1.
KS Stat § 72-26,136 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,136 Same; reports; monthly records.

72-26,136. Same; reports; monthly records. Each board of education shall establish the requirements and procedure for reporting any and all activity relating to investment functions provided for in this act, in order to prepare a record monthly of the investment income and changes made during the preceding month. The record shall reflect a detailed summary of investment, reinvestment, purchase, sale and exchange transactions, showing the dates thereof, the prices paid and obtained, the names of the dealers and such other information as the board of education may consider advisable to reflect a true accounting of the investment activity of the retirement fund.History: L. 1973, ch. 282, § 13; July 1.
KS Stat § 72-26,137 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,137 Same; annual examination of investment program.

72-26,137. Same; annual examination of investment program. Each board of education shall provide for an examination of the investment program annually. The examination shall include an evaluation of current investment policies and practices and of specific investments of the funds in relation to the standards and objectives set forth in K.S.A. 72-17,125 and other criteria as may be appropriate, and recommendations relating to the investment policies and practices and to specific investments of the retirement fund as are considered necessary or desirable.History: L. 1973, ch. 282, § 14; July 1.
KS Stat § 72-26,138 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,138 Certain districts; retirement systems.

72-26,138. Certain districts; retirement systems. Whenever there is included in any unified district a disorganized district in which was maintained as of January 1, 1965, a school employees' retirement system separate from or supplemental to the state school retirement system at the time of inclusion in said unified district then said unified district shall assume all authority granted and all responsibilities imposed by all statutes relating to such retirement system applicable at the effective date of unification and all subsequent amendments thereto.History: L. 1965, ch. 420, § 22; L. 1967, ch. 384, § 6; July 1.
KS Stat § 72-26,139 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 26 - School District Employee Retirement Systems|72-26,139 Increased retirement payments for certain districts, when.

72-26,139. Increased retirement payments for certain districts, when. The monthly payments of annuity as otherwise provided shall be increased effective July 1, 1967, by the amount the monthly payment, if any, paid to the board of education as provided by K.S.A. 72-5512a as representing the school service annuity to which the annuitant would have been eligible if a member of the state retirement system, exceeds one hundred five dollars ($105).History: L. 1967, ch. 401, § 2; L. 1968, ch. 280, § 1; July 1.
KS Stat § 72-3116 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 31 - School Attendance|72-3116 School term; exceptions not to affect employee contracts; immunity from liability for boards of education.

72-3116. School term; exceptions not to affect employee contracts; immunity from liability for boards of education. Exceptions to the duration of the school term provided for under authority of K.S.A. 72-3115, shall not be construed or applied in any manner so as to affect or impair the obligations of lawful contracts of employees for the school year with the board of education of any school district, and the financial provisions of all such lawful contracts shall remain the valid and binding financial obligations of the school district. If the duration of any school term is altered or modified by any exception thereto provided for in K.S.A. 72-3115, the amount of compensation specified in any such employee's contract with the board of education shall not be reduced, modified or affected thereby. No liability, civil or criminal, with respect to the misuse of public funds, shall attach to any board of education, or any member thereof, for complying with the provisions of this section.History: L. 1978, ch. 288, § 3; L. 1980, ch. 217, § 2; July 1.
KS Stat § 72-3117 (2021)
2021 Kansas Statutes|Chapter 72 - Schools|Article 31 - School Attendance|72-3117 School term; effect of disaster on duration; waiver by state board, requirements; disaster defined.

72-3117. School term; effect of disaster on duration; waiver by state board, requirements; disaster defined. (a) The state board of education may waive the requirements of law relating to the duration of the school term in any school year upon application for such waiver by a school district. The waiver may be granted by the state board of education upon: (1) Certification by a board of education that, due to a disaster, conditions resulting from widespread or severe property damage caused by the disaster will exist in the school district for an inordinate period of time; and (2) a determination by the state board that the school district cannot reasonably adjust its schedule to comply with such requirements of law. The period of time school is not maintained during any school year due to conditions resulting from a disaster, upon granting of the waiver by the state board of education, shall be considered a part of the school term.(b) As used in this section, the term "disaster" means the occurrence of widespread or severe damage, injury or loss of life or property resulting from any natural or manmade cause, including, but not limited to, fire, flood, earthquake, tornado, wind, storm, an epidemic, air contamination, blight, drought, infestation or explosion.History: L. 2001, ch. 149, § 1; L. 2020, ch. 3, § 1; L. 2021, ch. 114, § 9; July 1.