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Commission supports submitting written testimony on bankers'collateral-pool bill after local compromise
2525060 · March 7, 2025
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Summary
After negotiations between bankers, municipalities and state stakeholders, a proposed change to public-deposit rules that would create a collateral pool and simplify administration won county support; commissioners asked staff to file written testimony in favor.
Brent Shelton updated the commission on a bill addressing public-deposit rules for local governments and said stakeholders had reached a workable compromise.
Brent said he had opposed the bill initially but became a proponent after a compromise. He described participation by the Kansas Bankers Association, the…
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