12-17,160. Purpose of act; issuance of sales tax and revenue bonds.
12-17,160
12-17,160. Purpose of act; issuance of sales tax and
revenue bonds.
It is hereby declared to be the purpose of this act to
promote, stimulate and develop the general and economic welfare of the state of
Kansas and its communities and to assist in the development and redevelopment
of eligible areas within and without a city thereby promoting the general
welfare of the citizens of this state, by authorizing cities and counties to
acquire certain property and to issue sales tax and revenue (STAR) bonds for
the financing of STAR bond projects as
defined in
K.S.A. 2009 Supp.
12-17,162, and amendments thereto. It is further
found and declared
that the powers conferred by this act are for a public purpose and public use
for which public money may be expended and the power of eminent domain may be
exercised. The necessity in the public interest for the provisions of this act
is hereby declared as a matter of legislative determination.
History: L. 2007, ch. 179, § 1; July 1.