12-631p.   Same; use of moneys credited to reserve funds; exempt frombudget law; retransfer of certain funds authorized.Moneys credited to such reserve funds may be used by the municipalityfor the construction, reconstruction, expansion, operation and maintenanceof such sewerage system, or for the making of payments to the federalgovernment under the provisions of P.L. 92-500, and such fund shall not besubject to the provisions of K.S.A. 79-2925 to 79-2937, inclusive, and anyacts amendatory thereof or supplemental thereto, except that in making thebudgets of such municipality, the amounts credited to and the amount onhand in such reserve funds, and the amount expended therefrom, shall beincluded in the budgets for the information of the residents of suchmunicipality. If the governing body of any municipality shall determinethat all or any part of the moneys which have been transferred or paid tosuch reserve funds is not needed for the purposes for which so transferredor paid, said governing body by resolution may retransfer such amount notneeded to the fund from which it was originally transferred, and suchretransfer shall be budgeted and subject to the provisions of K.S.A.79-2925 to 79-2937, inclusive, and any acts amendatory thereof orsupplemental thereto and shall only be used for sewerage system purposes.

      History:   L. 1973, ch. 56, § 3; April 20.