12-3206. Same; no-fund warrants, when; tax levies.
12-3206
12-3206. Same; no-fund warrants, when; tax
levies.
The governing body of any city, in the exercise of the power and
authority herein granted for the purposes of carrying out the provisions of
K.S.A. 12-3204 and 12-3205, and amendments thereto, from and after the
effective date of this act and prior to the time that moneys may be available
from the levy authorized by K.S.A. 12-3203, and amendments thereto, may
issue no-fund warrants in an amount not to exceed the total amount such city
could levy in one year under the provisions of K.S.A. 12-3203, and
amendments thereto.
Whenever no-fund warrants are issued under the authority of this act the
governing body of such city shall make a tax levy at the first tax levying
period for the purpose of paying such warrants and the interest thereon.
All such tax levies shall be in addition to all other levies authorized or
limited by law and shall not be subject to the aggregate tax levy
prescribed in article 19 of chapter 79 of the Kansas Statutes Annotated,
and amendments thereto. Such warrants shall be issued, registered, redeemed
and bear interest in the manner and in the form prescribed by K.S.A.
79-2940, and amendments thereto, except they shall not bear the
notation required by said section and may be issued without the approval of
the state court of tax appeals.
History: L. 1961, ch. 72, § 6;
L. 2008, ch. 109, § 35; July 1.