Kan. Admin. Regs. § 40-10-14

Current through Register Vol. 43, No. 32, August 8, 2024

Section 40-10-14 - Same; purchase of bonds; requirements

Each bond purchased with firefighter's relief funds shall be shown on the financial statement at the initial purchase price. Bonds shall not be carried at market or maturity value. When the bonds mature or are sold, each change in the value from the initial purchase price shall be reflected in the financial statement.

Authorized by K.S.A. 40-103, 40-1707(g); implementing K.S.A. 40-1706; effective Jan. 1, 1966; amended May 1, 1986; amended May 1, 1987.