12-1934. Issuance of no-fund warrants in operating joint recreation system, when.
12-1934
12-1934. Issuance of no-fund warrants in operating joint recreation
system, when.
The board of education of any unified school district
previously authorized and making an annual tax levy pursuant to K.S.A. 12-1925,
and amendments thereto, for the purpose of establishing, maintaining and
conducting a joint recreation system which as a result of a clerical
error of a county clerk will not receive the proceeds from such levy for the
calendar year 1993, is hereby authorized to issue no-fund warrants in an amount
not to exceed the amount which would have been raised from such levy. Such
no-fund warrants shall be issued by the board in the manner and form and shall
bear interest and be redeemable in the manner prescribed by K.S.A. 79-2940, and
amendments thereto, except that they may be issued without the approval of the
state court of tax appeals, and without the notation
required by such section. The board shall make a tax levy at the first tax
levying period after such warrants are issued, sufficient to pay such warrants
and the interest thereon.
History: L. 1993, ch. 73, § 1;
L. 2008, ch. 109, § 34; July 1.