Attorney General Opinion No.
Kansas Attorney General Reports
1Opinion of the Court
Jeffrey O. Ellis, General Counsel
Lawrence Memorial Hospital
Building 82, Suite 1000
10851 Mastin Blvd.
Overland Park, Kansas 66210
Dear Mr. Ellis:
As general counsel for Lawrence Memorial Hospital (LMH), you inquire whether the hospital is subject to K.S.A. 2006 Supp. 12-1675, commonly referred to as the idle funds law.
The idle funds law requires identified governmental entities to invest in statutorily specified investments any moneys not immediately required for the purposes for which the moneys were collected or received.1 Additionally, the statute applies equally to:
"[A]ny other governmental…
2Cases cited2 opinions
- Cow Creek Valley Flood Prevention Ass'n v. City of HutchinsonSupreme Court of Kansas · 1948
- State ex rel. McDowell v. McCombsSupreme Court of Kansas · 1943