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Committee removes House language on housing-linked investments and directs ARPA interest to state general fund
Summary
The panel deleted house language that would have reallocated an investment pool linked to Kansas housing programs, and voted to deposit monthly ARPA interest into the state general fund going forward. The committee also removed a House renaming of the Docking Building and addressed several state treasurer provisos.
The Senate committee deleted a block of House language that would have reallocated funds described as part of a Kansas housing linked deposit loan program and then approved multiple treasury‑related changes, including routing interest that accrues on ARPA balances monthly into the State General Fund.
State treasurer and member discussion Treasurer staff explained the House language sought to remove funds identified in the Kansas housing linked deposit program and reallocate them for housing grants, but the treasurer’s office said the identified monies were…
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