12-185.   Cities between 100,000 and 160,000 and agencies thereof operatingresidential property outside city; payment in lieu of taxes to school district.Every city of the state of Kansas having a population of more than one hundredthousand (100,000) and not more than one hundred sixty thousand (160,000)and every agency or authority created and established by such city now owningor controlling or hereafter acquiring residential property located withina school district, a majority of the territory of which lies outside thecorporate limits of such city, which property is acquired or held for thepurpose of resale or rental to the public for private residential purposesand which is exempt from the payment of ad valorem taxes under the lawsof the state of Kansas by reason of the ownership thereof, shall on or beforeFebruary 1 of each year pay to the school district in which such propertyis located an amount in lieu of taxes thereon equal to the amount whichwould have been levied upon such property for all such school district purposesexcept the general fund of the school district, if such property were subjectto ad valorem taxes.

      History:   L. 1977, ch. 51, § 1; July 1.