10-306. Counties; limitations.
10-306
10-306. Counties; limitations.
Except as provided in K.S.A. 10-307, and amendments thereto, and in any other
statute which specifically exempts bonds from the statutory limitations on
bonded indebtedness, the limitation on bonded indebtedness of counties shall be
governed by the following provisions: (a) Except as provided in subsection (b),
the authorized and outstanding bonded indebtedness of any county shall not
exceed 3% of the assessed value of all tangible taxable property within such
county, as certified to the county clerk on the preceding August 25.
(b) The authorized and outstanding bonded indebtedness of Wyandotte county
shall not exceed 30% of the assessed value of all tangible taxable property
within such county, as certified to the county clerk on the preceding August 25
and the authorized and outstanding bonded indebtedness of Franklin county shall
not exceed 30% of the assessed value of all tangible taxable property within
such 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.