Session Law

Identifying Information:L. 2002 ch. 153
Other Identifying Information:2002 Senate Bill 618
Tax Type:Other
Brief Description:An Act concerning the state institutions building fund; relating to debt service on revenue bonds for certain capital improvement projects; amending K.S.A. 2001 Supp. 76-6b05 and repealing the existing section.
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Body:

CHAPTER 153

SENATE BILL No. 618


An Act concerning the state institutions building fund; relating to debt service on revenue

bonds for certain capital improvement projects; amending K.S.A. 2001 Supp. 76-6b05


and repealing the existing section.


Be it enacted by the Legislature of the State of Kansas:

Section 1. K.S.A. 2001 Supp. 76-6b05 is hereby amended to read as

follows: 76-6b05. (a) All moneys received by the state treasurer under

K.S.A. 76-6b04, and amendments thereto, shall be credited to the state

institutions building fund, which is hereby created in the state treasury,

to be used for the construction, reconstruction, equipment and repair of

buildings and grounds at institutions specified in K.S.A. 76-6b04, and

amendments thereto, and for payment of debt service on revenue bonds

issued to finance such projects, all subject to appropriation by the legis-

lature.

(b) Subject to any restrictions imposed by appropriation acts, the ju-

venile justice authority is authorized to pledge funds appropriated to it

from the state institutions building fund or from any other source and

transferred to a special revenue fund of the juvenile justice authority

specified by statute for the payment of debt service on revenue bonds

issued for the purposes set forth in subsection (a). Subject to any restric-

tions imposed by appropriation acts, the juvenile justice authority is also

authorized to pledge any funds appropriated to it from the state institu-

tions building fund or from any other source and transferred to a special

revenue fund of the juvenile justice authority specified by statute as a

priority for the payment of debt service on such revenue bonds. Neither

the state or the juvenile justice authority shall have the power to pledge

the faith and credit or taxing power of the state of Kansas for such pur-

poses and any payment by the juvenile justice authority for such purposes

shall be subject to and dependent on appropriations being made from

time to time by the legislature. Any obligation of the juvenile justice

authority for payment of debt service on revenue bonds and any such

revenue bonds issued for the purposes set forth in subsection (a) shall

not be considered a debt or obligation of the state for the purpose of

section 6 of article 11 of the constitution of the state of Kansas.

(c) Subject to any restrictions imposed by appropriation acts, the de-

partment of social and rehabilitation services is authorized to pledge funds

appropriated to it from the state institutions building fund or from any

other source and transferred to a special revenue fund of the department

of social and rehabilitation services specified by statute for the payment

of debt service on revenue bonds issued for a new state security hospital

on the Larned state hospital grounds. Subject to any restrictions imposed

by appropriation acts, the department of social and rehabilitation services

is also authorized to pledge any funds appropriated to it from the state

institutions building fund or from any other source and transferred to a

special revenue fund of the department of social and rehabilitation serv-

ices specified by statute as a priority for the payment of debt service on

such revenue bonds. Neither the state or the department of social and

rehabilitation services shall have the power to pledge the faith and credit

or taxing power of the state of Kansas for such purposes and any payment

by the department of social and rehabilitation services for such purposes

shall be subject to and dependent on appropriations being made from

time to time by the legislature. Any obligation of the department of social

and rehabilitation services for payment of debt service on revenue bonds

and any such revenue bonds issued for a new state security hospital on

the Larned state hospital grounds shall not be considered a debt or obli-

gation of the state for the purpose of section 6 of article 11 of the consti-

tution of the state of Kansas.

Sec. 2. K.S.A. 2001 Supp. 76-6b05 is hereby repealed.

Sec. 3. This act shall take effect and be in force from and after its

publication in the statute book.

Approved May 17, 2002.


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Date Composed: 10/10/2002 Date Modified: 10/10/2002