12-631p. Same; use of moneys credited to reserve funds; exempt from budget law; retransfer of certain funds authorized.
12-631p
12-631p. Same; use of moneys credited to reserve funds; exempt from
budget law; retransfer of certain funds authorized.
Moneys credited to such reserve funds may be used by the municipality
for the construction, reconstruction, expansion, operation and maintenance
of such sewerage system, or for the making of payments to the federal
government under the provisions of P.L. 92-500, and such fund shall not be
subject to the provisions of K.S.A. 79-2925 to 79-2937, inclusive, and any
acts amendatory thereof or supplemental thereto, except that in making the
budgets of such municipality, the amounts credited to and the amount on
hand in such reserve funds, and the amount expended therefrom, shall be
included in the budgets for the information of the residents of such
municipality. If the governing body of any municipality shall determine
that all or any part of the moneys which have been transferred or paid to
such reserve funds is not needed for the purposes for which so transferred
or paid, said governing body by resolution may retransfer such amount not
needed to the fund from which it was originally transferred, and such
retransfer shall be budgeted and subject to the provisions of K.S.A.
79-2925 to 79-2937, inclusive, and any acts amendatory thereof or
supplemental thereto and shall only be used for sewerage system purposes.
History: L. 1973, ch. 56, § 3; April 20.