May 15, 2006

Sebelius names Kansans to oversee state’s investments
Governor Sebelius reappoints two to Pooled Money Investment Board

Kansas is able to maintain lower taxes and fees thanks to earnings from investments made by the state. To oversee these investments, Governor Kathleen Sebelius has reappointed two members to the Pooled Money Investment Board.

“Like any individual investor, the State of Kansas wants to get a good return on its investments while also being careful to not take on too much risk,” Governor Sebelius said. “That’s why this board will continue to seek a market rate of return on investments, while keeping safety and liquidity as foremost objectives.”

The Pooled Money Investment Board provides investment policy for state idle funds and the pool of cash in the State General Fund and hundreds of other state funds. The board also has the responsibility of approving financial depositories for state and special moneys maintained and managed in demand deposit and interest-bearing accounts by many state agencies, such as Regents’ institutions.

John Cleland, Topeka, and John Lehman, Girard, were both reappointed to the board. They will each serve a four-year term.