12-1744a.   Issuance of revenue bonds; statementsfiled with state court oftax appeals, contents; filing fee; annual informational reportrequired.(a) At leastseven days prior to the issuance of any revenue bonds, the city or county shallfile a statement with the state court of tax appeals ofsuch proposed issuance containing the following information:

      (1)   The name of the city or county proposing to issue the revenue bonds, thelessee, the guarantor, if any, the paying or fiscal agent, the underwriter,if any, and all attorneys retained to render an opinion on the issue;

      (2)   a legal description of any property to be exempted from ad valoremtaxes, including the city or county in which the facility will be located;

      (3)   the appraised valuation of the property to be exempted from advalorem taxes as shown on the records ofthe county as of the next preceding January 1;

      (4)   the estimated total cost of the facility showing a division of suchtotal cost between real and personal property;

      (5)   if the facility to be financed is an addition to or further improvementof an existing facility the cost of which was financed by revenue bonds issued underthe provisions of this act, the date of issuance of such revenue bonds,and if such facility or any portion thereof is presently exempt from propertytaxation, the period for which the same is exempt;

      (6)   the principal amount of the revenue bonds to be issued;

      (7)   the amount of any payment to be made in lieu of taxes;

      (8)   an itemized list of service fees or charges to be paid by the lesseetogether with a detailed description of the services to be rendered therefor;

      (9)   a reasonably detailed description of the use of bondproceeds, includingwhether they will be used to purchase, acquire, construct, reconstruct,improve, equip, furnish, enlarge or remodel the facility in question;

      (10)   the proposed date of issuance of such revenue bonds.

      (b)   Any change in the information or documents required to be filedpursuant to subsection (a) which does not materially adverselyaffect the securityfor the revenue bond issue may be made within the fifteen-dayperiod prior toissuance of the revenue bonds by filing the amended information or documentwith the state court of tax appeals.

      (c)   Any notice required to be filed pursuant to the provisions ofsubsection (a) shall be accompanied by a filing fee, which shall befixed by rules and regulations of the state court of taxappeals, in an amount sufficient to defray the cost of reviewing theinformation and documents required to be contained in the notice.

      (d)   Information required to be filed by subsection (a) of this sectionshall be in addition to any filing required by K.S.A. 79-210,and amendments thereto.

      (e)   The state court of tax appeals may require anyinformation listed under subsection (a) deemed necessary, to be filed by acity or county concerning agreements entered into prior to the effective dateof this act.

      (f)   The state court of tax appeals shall prepare andcompile annually a report containing the information required to be filedpursuant to subsection (a) for each issuanceof revenue bonds made pursuant to K.S.A. 12-1740 et seq., and amendmentsthereto. Such report shall be published in convenient form for the use andinformation of the legislature, taxpayers, public officers and otherinterested parties, and shall be available on January 10 of each year.

      History:   L. 1977, ch. 62, § 1; L. 1981, ch. 74, § 9; L. 1984,ch. 73, § 1;L. 2008, ch. 109, § 29; July 1.