Topeka Gov. Kathleen Sebelius is expected to ask for permission to shift some funds so Kansas can pay its bills on time.
The maneuver involves transferring money into the state’s main bank account from other funds throughout state government. It’s another sign that the recession has left the state financially strapped.
Legislators and their staff said Monday that they expect Sebelius to try to move $225 million.
The maneuver must be approved by the State Finance Council, which is the governor and the Legislature’s top eight leaders. Sebelius has called a Monday afternoon meeting.
To move the money, they would issue a special certificate requiring the internal loan to be paid off by June 30.
The council issued similar certificates in July and December, totaling $550 million.