12-896. Receipt and expenditures; application of budget and cash-basis laws; auditing procedures.
12-896
12-896. Receipt and expenditures;
application of budget and
cash-basis laws; auditing procedures.
Any municipal energy agency created under the provisions of this act shall
have the power to receive and expend for any lawful purpose of the agency
any grants, bequests, contributions and aid of any kind from any private
or public source. Any such agency shall not be subject to the budget and
cash-basis
law of the state of Kansas. The board of directors
of any such agency shall adopt a budget in the manner set forth in the
agency agreement or the bylaws of the agency and
shall provide for
regular auditing procedures as prescribed by the director
of accounts and reports pursuant to the provisions of K.S.A. 75-1121 et
seq. and amendments thereto.
History: L. 1977, ch. 48, § 12;
L. 2005, ch. 164, § 2; Apr. 21.