10-1102.   Citation of act; cash basis formunicipalities.(a) K.S.A. 10-1101 through 10-1122, and amendments thereto, shall be knownand may be cited as the cash-basis law.

      (b)   All municipalities are required to pay or refinance their validindebtedness as provided in the cash-basis law, inthe manner and at the times hereinset forth, and to contract no indebtedness after May 1, 1933, except asprovided by the cash-basis law. It is hereby declared thatthe purpose of this act is toprovide for the funding and payment of all legal debts and obligationsexcept present bonded indebtedness of all municipalities and for the futureconduct of the financial affairs of such municipality upon a cash basis.

      History:   L. 1933, ch. 319, § 2;L. 2003, ch. 25, § 1; Apr. 10.