72-6418. Overpayments; underpayments. (a) In the event any district is paid more than it is entitled to receive under any distribution made under this act or under any statute repealed by this act, the state board shall notify the district of the amount of such overpayment, and such district shall remit the same to the state board. The state board shall remit any moneys so received to the state treasurer in accordance with the provisions of K.S.A. 75-4215, and amendments thereto. Upon receipt of each such remittance, the state treasurer shall deposit the entire amount in the state treasury to the credit of the state school district finance fund. If any district fails so to remit, the state board shall deduct the excess amounts so paid from future payments becoming due to the district. In the event any district is paid less than the amount to which it is entitled under any distribution made under this act, the state board shall pay the additional amount due at any time within the school year in which the underpayment was made or within 60 days after the end of such school year.
(b) The provisions of this section shall take effect and be in force from and after July 1, 1992.
History: L. 1992, ch. 280, § 14; L. 2001, ch. 5, § 290; July 1.
2013. Powered by KLISS. Rendered: 2013-05-18T07:11:38. Head Rev No: 346362