12-16,113. Accounting required of expenditures of transient guest tax moneys.
12-16,113
12-16,113. Accounting required of expenditures of transient guest tax moneys.
Any entity to which funds which in the aggregate in any
year exceed $25,000, are provided for convention and
tourism promotion purposes from moneys received pursuant to K.S.A. 12-1693
or K.S.A. 12-1697, and amendments thereto, or pursuant to any charter
ordinance or resolution which imposes a transient guest tax, shall provide
for the separate accounting of the receipt and disbursement of such funds and
shall provide to the city or
county, as the case requires, an accounting of the receipt and expenditures
of such
funds in accordance with generally accepted accounting principles within 120
days after the end of the fiscal year of such entity. In the event no such
accounting is provided within such time period, funds shall not be provided to
the entity unless and until the accounting is provided.
History: L. 1989, ch. 60, § 3;
L. 1992, ch. 9, § 5; July 1.