10-117a.   Transfer of unexpended balance in bond and interest fund.(a) Notwithstanding the provisions of K.S.A. 10-117, andamendments thereto, whenever all bond issues have been completely retired thegoverning body of the municipality which issued such bonds ishereby authorized to transfer any unexpended balance of money in such bond andinterest fund to the general fund of the municipality. Such transfer shall besubject 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.