12-16,113.   Accounting required of expenditures of transient guest tax moneys.Any entity to which funds which in the aggregate in anyyear exceed $25,000, are provided for convention andtourism promotion purposes from moneys received pursuant to K.S.A. 12-1693or K.S.A. 12-1697, and amendments thereto, or pursuant to any charterordinance or resolution which imposes a transient guest tax, shall providefor the separate accounting of the receipt and disbursement of such funds andshall provide to the city orcounty, as the case requires, an accounting of the receipt and expendituresof suchfunds in accordance with generally accepted accounting principles within 120days after the end of the fiscal year of such entity. In the event no suchaccounting is provided within such time period, funds shall not be provided tothe entity unless and until the accounting is provided.

      History:   L. 1989, ch. 60, § 3;L. 1992, ch. 9, § 5; July 1.