Attorney: Kansas state treasurer neutral on loan proposal
January 19, 2017
TOPEKA, Kan. (AP) — An attorney for Kansas State Treasurer Ron Estes says Estes is remaining neutral on a key proposal from Republican Gov. Sam Brownback for balancing the state's current budget.
Treasurer's office General Counsel Scott Gates said Wednesday that if legislators liquidate a $317 million state investment portfolio, Estes wants the authority to re-establish one when state finances improve.
Gates testified before the House Appropriations Committee during a briefing on Brownback's plan.
Brownback wants to sell off the portfolio investments and loan the funds to general government pr...
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