10-117a. Transfer of unexpended balance in bond and interest fund.
10-117a
10-117a. Transfer of unexpended balance in bond and interest fund.
(a) Notwithstanding the provisions of K.S.A. 10-117, and
amendments thereto, whenever all bond issues have been completely retired the
governing body of the municipality which issued such bonds is
hereby authorized to transfer any unexpended balance of money in such bond and
interest fund to the general fund of the municipality. Such transfer shall be
subject to the provisions of K.S.A. 79-2958, and amendments thereto.
(b) When used in this section (1)
"municipality" shall have the same meaning ascribed thereto by K.S.A. 10-101,
and amendments thereto; (2) "bond" shall mean a general obligation bond.
History: L. 1991, ch. 50, § 1; April 25.