12-2719. Same; reimbursement by city, limitations; tax levies; bonds.
12-2719
12-2719. Same; reimbursement by city,
limitations; tax levies; bonds.
The governing body of such contracting city, pursuant to authorizing
ordinances as hereinafter provided, is hereby authorized to obligate itself
to reimburse the United States of America or any instrumentality or
political subdivision of the state government, such portion of the cost of
such storage and distribution facilities, not exceeding fifteen percent
(15%) of the assessed valuation of the tangible property within the
corporate limits of the contracting city, and interest thereon not
exceeding the maximum rate of interest prescribed by K.S.A. 10-1009, as may
be determined by such city and the United States of America, or any
instrumentality or political subdivision of the state government, to be
allocable to the municipal water supply and distribution facilities and
recreational area and facilities furnished or constructed by the United
States of America, or any agency or instrumentality thereof, or with the
state of Kansas or any instrumentality or political subdivision thereof,
and such contract for reimbursement may provide for payment of costs
allocable to the city at the time of construction or may extend over such
period of years as is permissible under applicable laws and regulations for
a period of not exceeding fifty (50) years, or may extend over any shorter
period as may be agreed to by the governing body of such city.
For the purpose of financing such reimbursement, such contracting city
is hereby authorized to levy an annual tax of not to exceed two (2) mills
on all the taxable tangible property of such city during the period of said
reimbursement contract. Such levy shall be in addition to all other tax
levies authorized by law, and shall not be subject to nor within the
aggregate tax levy limits prescribed by article 19 of chapter 79 of the
Kansas Statutes Annotated, and acts amendatory thereof or supplemental
thereto. The governing body of the city may also issue general obligation
bonds of the city, subject to the limitations prescribed in this act, for
the purposes herein specified, and all such bonds shall be issued,
registered, sold, delivered and retired in accordance with the applicable
provisions of the general bond law. Contractual obligations of the
contracting city shall not be subject to nor within any bonded debt or
other debt or obligation limitation prescribed by the laws of the state of
Kansas, and shall not be considered or included in applying any other law
limiting bonded indebtedness or limiting other obligations of such cities.
History: L. 1959, ch. 86, § 2; L. 1970, ch. 64, §
21; March 21.