HB 2577: Kansas Retirement System Prohibited from Making Investments Based on Social Motivations
Summary
HB 2577 was adopted in April 2024 and became effective on July 1, 2024. It amends some aspects of existing law that provides authority to the state treasurer to transfer funds from unclaimed property to the Kansas Public Employees Retirement System (KPERS). Money must be invested "to achieve the investment objective, which is preservation of such moneys" and may not be invested "if the sole or primary investment objective is for economic development or social purposes or objectives."
Impacted Sectors
Additional Information
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