Chapter 10 BONDS AND WARRANTS
- Article 1 GENERAL BOND LAW
- 10-101. "Municipality" defined.
- 10-102. "Municipal bonds" defined.
- 10-103. Terms and denominations of municipal bonds.
- 10-103a
- 10-104. Limitations on improvement bonds; partial issuance, when.
- 10-105. Signing and execution of bonds by municipal officers and boards of trustees of community colleges; interest coupons.
- 10-105a, 10-105b
- 10-106. Sale of bonds; public sale, when; notice; bids.
- 10-107. Registration of bonds.
- 10-108. Transcript of proceedings and bonds to state treasurer; fee for registration or certification; bond services fee fund; transmission to attorney general to determine sufficiency; return of bond
- 10-108a. Nonlitigation certificate; incorporation in transcript; form.
- 10-108b. Same; notice of pending or threatened lawsuit, effect.
- 10-108c. Same; municipality prevailing in lawsuit authorized to issue bonds unless stay granted.
- 10-108d. Nonlitigation certificate, exception; payment of bonds if city not legally organized.
- 10-109. Filing statement of issuance with state treasurer.
- 10-110. Updating bond register by state treasurer; reports of outstanding debt; records of cancellations; unlawful acts; penalty.
- 10-111. Cancellation of bond or coupon; return or destruction; payments from fiscal agency fund; record requirements; bond register entry.
- 10-112. Bonds required to be printed; recitals.
- 10-113. Levies for sinking fund; penalty for failure to make.
- 10-114. Special assessments for city improvements; apportionment; ordinance.
- 10-114a. Unanticipated additional interest on temporary notes for city improvements; assessments against city at large.
- 10-115. Payment of special assessments.
- 10-116
- 10-116a. Refunding of revenue bonds and interest thereon; limitations; investment of certain bond proceeds.
- 10-117. Unlawful issue, diversion or misuse of bond proceeds or tax funds; penalties.
- 10-117a. Transfer of unexpended balance in bond and interest fund.
- 10-118. Sinking fund levy to pay bonds maturing at same time.
- 10-118a. Diversion of interest and sinking funds for refunding bonds; penalties.
- 10-118b. Diversion not basis of tax protest.
- 10-119. Changing territory or disorganization of municipality; liability; tax levies.
- 10-120. Bond election; publication of notice.
- 10-120a. Bond election; notice requirements.
- 10-121. Elections for acquisition of land.
- 10-122. Investment of sinking fund.
- 10-123. Temporary notes for improvements; issuance; renewal, when.
- 10-124. Interest coupons receivable for taxes.
- 10-125. Bonds covered by 10-101 to 10-125.
- 10-126. Printing of coupons; size and form.
- 10-127. Same; refusal by state treasurer to register.
- 10-128. "Municipality" defined.
- 10-129. Call of bonds or temporary notes before maturity; notice to state treasurer; paying agent and others; costs.
- 10-130. Redemption of bonds and payment of interest thereon; duties of treasurers; requests for money to county treasurers; failure to pay bond moneys; penalty.
- 10-130a. Failure of state treasurer to pay certain funds or moneys as provided by law; penalty.
- 10-131. Investment of proceeds of bonds or temporary notes and certain funds authorized; disposition of interest received therefrom.
- 10-132. Used surplus proceeds of certain bond issues to purchase bonds.
- 10-133
- Article 2 BRIDGE BONDS
- 10-201. Bonds for bridges; counties, cities and townships.
- 10-202. Same; election before bonds issued; conditions as to issuance.
- 10-203. Same; petition for election by electors.
- 10-204. Joint bridge projects by counties, cities or townships.
- 10-205. Joint bridge projects by counties, cities and townships; bids; plans and specifications; surety bond.
- Article 3 LIMITATION OF BONDED INDEBTEDNESS
- 10-301
- 10-302
- 10-302a
- 10-303
- 10-304
- 10-305
- 10-306. Counties; limitations.
- 10-307. Counties; certain bonds excluded in computing bonded indebtedness.
- 10-308. Cities; limitations.
- 10-309. Limitation on bonded indebtedness of cities; exceptions.
- 10-310. Computation of valuation for bonded indebtedness limitation purposes.
- 10-311. Revenue bonds and municipality, defined; revenue bonds excluded from computation of bonded indebtedness.
- Article 4 REFUNDING BONDS
- 10-401 to 10-407
- 10-408
- 10-409, 10-410
- 10-411
- 10-412
- 10-413
- 10-414
- 10-415
- 10-416
- 10-417
- 10-418, 10-419
- 10-420
- 10-421
- 10-421a, 10-421b
- 10-422 to 10-426
- 10-427. Refunding bonds; purpose; conditions and limitations.
- 10-427a. Same; conditions and limitations; proceeds, disposition and investment.
- 10-428. Same; surrender; deposit.
- 10-429. Same; terms; installments; maturity dates.
- 10-430
- 10-431
- 10-432
- 10-433. Same; invalidity of part.
- Article 5 FISCAL AGENCY
- 10-501. State treasurer fiscal agent of state; designation of fiscal agent by municipalities; banks with trust powers and trust companies.
- 10-502. Establishment of fiscal agency.
- 10-503. Bonds payable at state treasurer's office and at banks and trust companies designated as fiscal agents and certain designated co-paying agents.
- 10-504. Deposit of funds of agency.
- 10-505. Commission.
- 10-506. Deposit of commission to the bond services fee fund.
- 10-507. Fiscal agency in New York.
- 10-508. Cancellation of certain warrants drawn by state treasurer against fiscal agency.
- 10-509. Same; reversion of money to fund against which warrant drawn.
- Article 6 REGISTRATION OF BONDS
- 10-601. Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.
- 10-602. Assignments; release from registration.
- 10-603. Payment of bonds; deposit in bond services fee fund.
- 10-604
- 10-605. Negotiability of coupons.
- 10-606. Registration of bonds by designated fiscal agents; record; notice; coupons; transfers; assignments; forms.
- 10-607. Same; redemption of bonds.
- 10-608 to 10-619. Reserved.
- 10-620. Citation of act.
- 10-621. Definitions.
- 10-622. Purpose of registration; federal requirement.
- 10-623. Systems of registration; approval by attorney general.
- 10-624. Uncertificated bonds; statement of rights; facsimile signatures.
- 10-625. Authenticating trustee, transfer agent, registrar; paying and other agents; central depository system.
- 10-626. Costs of system of registration; fees and charges.
- 10-627. Transfer fee.
- 10-628. State treasurer; municipal securities rulemaking board requirements.
- 10-629. Bonds pledgeable as a security for public deposits.
- 10-630. Registration records; exempt from public inspection.
- 10-631. Act applicable at the election of issuer; rescission of election prohibited; applicable to previously issued bonds.
- 10-632. Provisions to be construed with uniform commercial code and contract law.
- Article 7 DESTROYED OR LOST BONDS AND WARRANTS
- 10-701. Issuance of duplicate.
- 10-702. Contents of duplicate bonds, warrants.
- 10-703. Mutilated bond or warrant; duplicate.
- 10-704. Lost or destroyed bond; issuance of duplicate; indemnifying bond required.
- 10-705. Record of duplicates.
- 10-706. Lost or destroyed warrant; issuance of duplicate; statement of facts; stop payment procedure.
- Article 8 WARRANTS
- 10-801. Terms; combination warrant checks; preparation.
- 10-802. Authority for issuance; claims, when.
- 10-803. Signatures on warrants and warrant checks.
- 10-804. Record of warrants and warrant checks.
- 10-805. Same; duties of treasurer; signature.
- 10-806. Same; payment; endorsement.
- 10-807. Same; no-fund warrants, registration; recordation; payment; when not receivable for taxes.
- 10-808. Redemption of no-fund warrants; duties of county treasurer; call.
- 10-809. Warrant register; custody.
- 10-810. Execution of unlawful or irregular warrants or warrant checks; penalties.
- 10-811. Cancellation of state warrants; when warrant may be canceled; records of cancellation.
- 10-812. Proceeds from cancellations; canceled warrants payment fund.
- 10-813. Same; nonpayment of warrant for lack of funds tolls time period for cancellation.
- 10-813a. Cancelled warrants issued pursuant to KPERS act; disbursement of fund; payment to certain claimants, limitations.
- 10-814
- 10-815. Cancellation of certain county warrants; balances.
- 10-816. Cancellation of certain city warrants; balances.
- 10-817
- Article 9 STATE SINKING FUND
- Article 10 MISCELLANEOUS PROVISIONS
- 10-1001. Bonds to be lien on realty.
- 10-1002. Change of boundary as affecting taxation to pay bonds previously issued.
- 10-1003. Property detached by such change.
- 10-1004. Taxes upon detached realty.
- 10-1005. Cancellation of bonds after final judgment.
- 10-1006. Sinking fund used to purchase bonds.
- 10-1007
- 10-1007a. Annual statement of indebtedness of municipality to county clerk; contents.
- 10-1008. Bonds as claim against property.
- 10-1009. Municipal bonds or obligations; interest rates; limitation.
- 10-1010. Certain terms construed to mean "state treasurer."
- Article 11 CASH-BASIS LAW
- 10-1101. Definitions.
- 10-1102. Citation of act; cash basis for municipalities.
- 10-1103
- 10-1104
- 10-1105
- 10-1106
- 10-1107
- 10-1108
- 10-1109
- 10-1110
- 10-1111
- 10-1112. Issuance of warrants and other evidences of indebtedness unlawful.
- 10-1113. Creating indebtedness in excess of funds unlawful; exceptions.
- 10-1114. Clerks not to issue or sign orders.
- 10-1115. Treasurers not to pay orders.
- 10-1116. Limits of indebtedness may be exceeded, when; creating indebtedness in violation of act unlawful.
- 10-1116a. Cash basis law; exemptions.
- 10-1116b. Lease, lease-purchase or installment-purchase agreements; agreements for electric interconnection or transmission facilities; when allowed under cash-basis law.
- 10-1116c. Lease-purchase agreements; conditions; protest petition and election, when.
- 10-1117. Clerk or secretary; record of moneys; contracts and indebtedness of municipality; records of orders, warrant checks; exhibition of records upon request; notice.
- 10-1118. Treasurer; record of moneys on hand and in each fund; exhibition of record or statement in writing.
- 10-1119. Void contracts and orders.
- 10-1120. Excess tax levying not basis of protest.
- 10-1121. Penalties for violations.
- 10-1122. Invalidity of part.
- Article 12 REVENUE BONDS
- 10-1201. Definitions.
- 10-1202. Issuance, when; revenues; additional bonds; revenue bonds to construct electric generation facilities in certain first-class cities joining with privately owned utility; contracts or agreemen
- 10-1203. Duplication of existing utility services; approval and finding by corporation commission.
- 10-1204. Revenue fund; use; application of 12-825d, 13-1269 to 13-1274.
- 10-1205. Liens on revenues of utilities; recitals; negotiability.
- 10-1206
- 10-1207. Revenue bonds; terms; disposition of excess funds.
- 10-1208. Rates, fees and charges; depreciation or renewal and replacement fund; reserve fund; annual audit, filing; billing and collection of sewer service charges; discontinuance of water service.
- 10-1209
- 10-1210. Publication of intended improvements; protest; election.
- 10-1211. Refunding of bonds.
- 10-1212. Act supplemental; election.
- 10-1213. Duties of governing bodies of municipalities having board of public utilities; elections; costs.