10-306.   Counties; limitations.Except as provided in K.S.A. 10-307, and amendments thereto, and in any otherstatute which specifically exempts bonds from the statutory limitations onbonded indebtedness, the limitation on bonded indebtedness of counties shall begoverned by the following provisions: (a) Except as provided in subsection (b),the authorized and outstanding bonded indebtedness of any county shall notexceed 3% of the assessed value of all tangible taxable property within suchcounty, as certified to the county clerk on the preceding August 25.

      (b)   The authorized and outstanding bonded indebtedness of Wyandotte countyshall not exceed 30% of the assessed value of all tangible taxable propertywithin such county, as certified to the county clerk on the preceding August 25and the authorized and outstanding bonded indebtedness of Franklin county shallnot exceed 30% of the assessed value of all tangible taxable property withinsuch county, as certified to the county clerk on the preceding August 25.

      History:   L. 1978, ch. 51, § 1;L. 1980, ch. 53, § 1;L. 1982, ch. 56, § 1;L. 1984, ch. 54, § 1;L. 1985, ch. 61, § 1;L. 1985, ch. 62, § 2;L. 2004, ch. 173, § 2; July 1.