12-1749d.   Same; cost and benefit analysis;hearing.Prior to issuing any revenue bonds pursuant to K.S.A. 12-1740to 12-1749, inclusive, and amendments thereto, for any business the property ofwhich will be eligible for an exemption from ad valorem taxation pursuant toK.S.A. 79-201a Second, and amendments thereto, the board of countycommissioners of any county or the governing body of any city, as the caserequires, shall be required to:

      (a)   Prepare an analysis of the costs and benefits of each exemption whichshall include the effect of the exemption on state revenues; and

      (b)   conduct a public hearing on the granting of such exemption. Notice ofthe public hearing shall be published at least once seven days prior to thehearing in the official city or county newspaper, as the case requires, andshall indicate the purpose, time and place thereof. In addition to suchpublication notice, the city or county clerk, as the case requires, shallnotify in writing the governing body of any city or county and unified schooldistrict within which the property proposed for exemption is located.

      History:   L. 1994, ch. 187, § 4; Jan. 1, 1995.