12-2706. Sale of water; rates; use of reimbursements; assessments; tax levies.
12-2706
12-2706. Sale of water; rates; use of reimbursements; assessments; tax
levies.
Water from the common water supply shall be sold to the several
contracting municipalities and corporations. The water shall be sold in
bulk. Rates shall be fixed in such amounts that revenue therefrom shall be
at least sufficient to pay all estimated annual costs of operation and
maintenance and debt service on all bonds issued by the contracting
municipalities for the purpose of a common water supply. Reimbursements
received by municipalities for debt service on general obligation bonds
issued under this act shall be credited to the bond and interest fund of
such municipality and reimbursements received for debt service on revenue
bonds issued under this act shall be credited to a special fund of such
municipality to be used to pay the principal of and interest on the revenue
bonds. Reimbursements received by municipalities for funds contributed from
moneys on hand or available which are not derived from the issuance of
bonds shall be credited to the funds of the municipality from which such
contributions were made.
In the event that a municipality shall contribute funds derived from
bond issues and also from moneys on hand or available, such reimbursements
shall be credited to the bond and interest fund or such special fund to
retire revenue bonds, as the case may be, until said bonds shall have been
retired and thereafter such reimbursements shall be credited to the funds
from which the moneys on hand or available were contributed. In the event
that such revenues in any year are insufficient, the excess of cost over
revenues shall be assessed against and apportioned among the participating
municipalities and corporations as the contract shall provide, and shall be
paid by each such municipality from moneys on hand or available for such
purpose or by levying a tax, at the first tax levying period after such
apportionment is made, on all the taxable tangible property in such
municipality sufficient to pay the cost to said municipality. Such tax levy
shall be in addition to all other tax levies authorized or limited by law
and shall not be subject to any aggregate tax levy limitation prescribed by
article 19 of chapter 79 of the Kansas Statutes Annotated, or acts
amendatory thereof or supplemental thereto.
History: L. 1955, ch. 87, § 6; April 14.