Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

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Statute Number:12-1774a
Chapter Title:CITIES AND MUNICIPALITIES
Article Title:BUILDINGS, STRUCTURES AND GROUNDS
Tax Type:Corporate Income Tax
Brief Description:Default; payment from public funds, when.
Keywords:


Body:

12-1774a. Default; payment from public funds, when. (a) In the event that the city shall default in the payment of any special obligation bonds payable from revenues authorized pursuant to subsection (a)(1)(D) of K.S.A. 12-1774, and amendments thereto, no public funds shall be used to pay the holders thereof except as otherwise specifically authorized in this act.
(b) This section shall not apply to loans from the Kansas transportation revolving fund pursuant to K.S.A. 2010 Supp. 75-5063 et seq., and amendments thereto.
History: L. 1993, ch. 213, 9;L. 2001, ch. 103, 10;L. 2005, ch. 132, 7;L. 2007, ch. 179, 27;L. 2010, ch. 156, 17; June 3.


Date Composed: 04/04/2011 Date Modified: 04/04/2011

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