12-6a13.   Improvements; special improvement fund; tax levy, use of proceeds;limitation on fund.Any city proposing to make any improvements under the authority of theact may by ordinance establish a "special improvement fund" in the citytreasury, and levy an annual tax on the assessed taxable tangibleproperty of the city for the purposes of such fund and to pay a portionof the principal and interest on bonds issued by such city under the authorityof K.S.A. 12-1774, and amendments thereto. Such fund may beused to pay the cost of planning any improvement hereunder and forpreparing preliminary plans, studies and engineering reports preparatoryto the consideration of the feasibility of any improvement and to paythe initial cost of such improvements when ordered by the governing bodyand until temporary notes or improvement bonds shall have been issuedand sold, except that such fund shall be reimbursed from the proceedsof such improvement bond funds. The specialimprovement fund shall not exceed one percent (1%) of the total assessedtangible valuation of the city for the preceding year or one hundredthousand dollars ($100,000), whichever amount is less. Such fund neednot be budgeted for expenditure during any year but the amount thereofshall be stated in the published budget of expenditures. All grants inaids or contributions made to the city for planning and preparation ofplans for improvements made under this act may be credited to thespecial improvement fund and the amount of such aid or contributionshall be in addition to the amount of such fund otherwise limited bythis section.

      History:   L. 1957, ch. 99, § 13; L. 1970, ch. 69, § 7; L.1975, ch. 494, § 7; L. 1979, ch. 52, § 34; July 1.