12-1674. Same; special services fund; use; no-fund warrants.
12-1674
12-1674. Same; special services fund; use; no-fund warrants.
Any such city which has or proposes to provide services and to charge
costs of the work in connection therewith under the authority of this act
may by ordinance establish a "special services fund" in the city treasury.
Said fund shall be used to pay the initial costs of improvements when
ordered by the governing body and shall be reimbursed as hereinafter
provided. Such fund need not be budgeted for expenditures during any year
but the amount thereof shall be stated in the published budget of
expenditures. To provide initial moneys for such fund, the city governing
body may issue no-fund warrants in such amount as deemed necessary by the
governing body of the city to pay any debts incurred in performing services
until such revolving fund receives sufficient moneys from tax collections
and from persons for whom services were performed to operate independently
from such no-fund warrant revenue. Such no-fund warrants shall be issued
and be registered as provided by K.S.A. 79-2940 and bear
interest at not to exceed the maximum rate of interest prescribed by K.S.A.
10-1009 until paid. It shall be sufficient that the warrants recite that
they are issued by the governing body and by virtue of this act. Such
warrants shall be paid and redeemed by the county treasurer.
Said fund shall be used to pay for the costs of all work performed as
directed by the city as a result of failure of persons to perform duties
prescribed by law or ordinance. All collections from persons for such
services, including all collections of special service assessments shall be
placed in such fund and thereafter used to provide the services authorized
and provided for in this act.
History: L. 1968, ch. 407, § 2; L. 1970, ch. 64, § 15; March 21.