They imposed detailed work programs and nominated their preferred managerial candidates. Since the mid-1930s, the kolkhozes had been in effect an offshoot of the state sector (although notionally they continued to be owned by their members). Nevertheless, in locations with particularly good land or if it happened to have capable management, some kolkhozes accumulated substantial sums of money in their bank accounts. As a result, many kolkhozes were formally nationalized by changing their status to "sovkhozes". The faint dividing lines between collective and state farms were obliterated almost totally in the late 1960s, when Khrushchev's administration authorized a guaranteed wage to kolkhoz members, similarly to sovkhoz employees. Essentially, his administration recognized their status as hired hands rather than authentic cooperative members. The guaranteed wage provision was incorporated in the 1969 version of the Standard Charter.