10-1102. Citation of act; cash basis for municipalities.
10-1102
10-1102. Citation of act; cash basis for
municipalities.
(a) K.S.A. 10-1101 through 10-1122, and amendments thereto, shall be known
and may be cited as the cash-basis law.
(b) All municipalities are required to pay or refinance their valid
indebtedness as provided in the cash-basis law, in
the manner and at the times herein
set forth, and to contract no indebtedness after May 1, 1933, except as
provided by the cash-basis law. It is hereby declared that
the purpose of this act is to
provide for the funding and payment of all legal debts and obligations
except present bonded indebtedness of all municipalities and for the future
conduct of the financial affairs of such municipality upon a cash basis.
History: L. 1933, ch. 319, § 2;
L. 2003, ch. 25, § 1; Apr. 10.