12-3206.   Same; no-fund warrants, when; taxlevies.The governing body of any city, in the exercise of the power andauthority herein granted for the purposes of carrying out the provisions ofK.S.A. 12-3204 and 12-3205, and amendments thereto, from and after theeffective date of this act and prior to the time that moneys may be availablefrom the levy authorized by K.S.A. 12-3203, and amendments thereto, mayissue no-fund warrants in an amount not to exceed the total amount such citycould levy in one year under the provisions of K.S.A. 12-3203, andamendments thereto.

      Whenever no-fund warrants are issued under the authority of this act thegoverning body of such city shall make a tax levy at the first tax levyingperiod for the purpose of paying such warrants and the interest thereon.All such tax levies shall be in addition to all other levies authorized orlimited by law and shall not be subject to the aggregate tax levyprescribed in article 19 of chapter 79 of the Kansas Statutes Annotated,and amendments thereto. Such warrants shall be issued, registered, redeemedand bear interest in the manner and in the form prescribed by K.S.A.79-2940, and amendments thereto, except they shall not bear thenotation required by said section and may be issued without the approval ofthe state court of tax appeals.

      History:   L. 1961, ch. 72, § 6;L. 2008, ch. 109, § 35; July 1.