- (a) "Director" means the director of accounts and reports.
- (b) "Agency" means the agency employing the participating employee.
- (c) "Payroll savings program" means the state of Kansas program for the purchase of United States savings bonds through state payroll deductions.
- (d) "Participating employee" means an employee who has elected to participate in the payroll savings program.
- (e) "Bond" means United States payroll savings bond.
- (f) "Account" means the amount accumulated in the clearing fund toward the purchase of a specific bond on behalf of an employee.
- (g) "Clearing fund" means the state of Kansas United States savings bond clearing fund.
This regulation shall take effect on and after December 17, 1995.
(Authorized by K.S.A. 75-3706, 75-5530; implementing K.S.A. 79-5530; effective May 1, 1978; amended July 12, 1993; amended Dec. 17, 1995.)