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City explains updated investment policy after Kansas law changes that affect CD collateral and bidding
Summary
Staff described changes required by state statute to the city's investment policy — pooled collateralization at 102% and new requirements to offer certificates of deposit to in‑city financial institutions — and warned the changes could reduce yields.
City finance staff told the committee that legislative changes during the 2025 Kansas session require updates to the city’s investment and cash management policy if Overland Park is to maintain expanded investment powers.
Staff said two principal changes to state law prompted the update: certificates of deposit must be collateralized through a pooled collateral method administered by the state…
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