Kansas Statutes Annotated
Updated Through the 2017 Legislative Session

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Statute Number:12-1776a
Chapter Title:CITIES AND MUNICIPALITIES
Article Title:BUILDINGS, STRUCTURES AND GROUNDS
Tax Type:Corporate Income Tax
Brief Description:School districts; base year assessed valuation.
Keywords:


Body:

12-1776a.School districts; base year assessed valuation.(a) As used in this section:
(1) "School district" means any school district in which is located a redevelopment district for which bonds have been issued pursuant to K.S.A.12-1770et seq., and amendments thereto.
(2) "Base year assessed valuation," "redevelopment district" and "redevelopment project" shall have the meanings ascribed thereto by K.S.A.12-1770a, and amendments thereto.
(b) No later than November 1 of each year, the county clerk of each county shall certify to the state board of education the assessed valuation of any school district located within a redevelopment district in such county. For the purposes of this section and for determining the amount of state aid for school districts under K.S.A. 2017 Supp.72-5145and K.S.A.75-2319, and amendments thereto, the base year assessed valuation of property within the boundaries of a redevelopment district shall be used when determining the assessed valuation of a school district until the bonds issued pursuant to K.S.A.12-1770et seq., and amendments thereto, to finance redevelopment projects in the redevelopment district have been retired.
History:L. 2005, ch. 152, 32; L. 2015, ch. 4, 27; L. 2017, ch. 95, 58; July 1.



Date Composed: 11/27/2017 Date Modified: 11/27/2017

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