13-13a18. Tax levy for support of university; pensions; retirement of bonds; tax sheltered annuities; sinking fund; limitations; tax levy additional to 13-13a23.
13-13a18
13-13a18. Tax levy for support of university; pensions; retirement of
bonds; tax sheltered annuities; sinking fund; limitations; tax levy additional
to 13-13a23.
(a) The board of regents of a
municipal university which has not levied a retailers' sales tax under the
provisions of this act may annually levy a tax for the support of
such municipal university, including buildings, equipment and repairs of
the buildings and equipment of such municipal university, insurance, and
may include provisions for retirement annuities and pensions, group
disability income insurance, group term insurance and group
hospitalization and major medical insurance for the benefit of
instructors and other employees, and may establish a procedure whereby
the instructors and other employees of such municipal university may,
subject to rules and regulations of such board of regents, request such
board of regents in writing for reductions in compensation and the
contribution thereof for tax sheltered annuities as permitted under the
provisions of the internal revenue code of 1954, as amended, and
including such amount as shall be necessary for the annual operation of
such municipal university and for the retirement of bonds issued as
provided in K.S.A. 13-13a23, and
amendments thereto, and
for a sinking fund to retire such bonds, not exceeding in any one year
five mills on all taxable tangible property within the taxing
district of such municipal university. Whenever such board of regents
shall determine that the tax levied for the purposes specified in this section
for the prior year will be insufficient to finance such purposes for the
current year, such board may adopt a resolution declaring it necessary to
increase such levy in an amount not to exceed one mill in any one
year
up to an amount which together with the amount of the previous levy shall
not exceed a total of seven mills in any year. Such resolution shall
state the total amount of the tax to be levied for such purposes and shall be
published once each week for three consecutive weeks in a newspaper
having general circulation in the city in which such municipal university
is located. Whereupon such increased levy may be made for the current year
and each succeeding year unless a petition requesting an election upon the
proposition to increase the tax levy in excess of the rate of such levy
in the prior year, signed by electors equal in number to not less than 5%
of the qualified electors who voted at the last
preceding regular
city election, as shown by the poll books, is filed with the county election
officer within 60 days following the date of the last
publication of the resolution. In the event a valid petition is filed, no
such increased levy shall be made without such proposition having been
submitted
to and having been approved by a majority of the electors voting at an election
called and held thereon. All such elections shall be called and held in
the manner prescribed for the calling and holding of elections upon the
question of the issuance of bonds under the general bond law.
The president and clerk of such
board of regents shall, on or before August 25, certify such levy to the
county clerk who is hereby authorized and required to place the same on
the tax roll of said county to be collected by the treasurer of the
county as are other taxes. The proceeds of such levy shall be paid over
by the county treasurer to the treasurer of such board of regents,
subject to the order of said board of regents. The tax levy authorized by
this section shall be in addition to the tax levy
authorized by K.S.A. 13-13a23, or acts amendatory thereof.
(b) The board of regents which has levied a countywide retailers' sales
tax under the provisions of this act may use the proceeds of such sales tax for
the same purposes that the revenue from a tax on tangible property may be used.
(c) Whenever the board of regents of a municipal university imposes a
countywide retailers' sales tax there shall be created within the university's
chart of accounts the sales tax smoothing fund. There shall be credited or
transferred to such fund amounts received by the university from sales tax
revenue in any year which are in excess of such tax revenues budgeted for
expenditure for such year. Expenditures and transfers from such fund shall be
made for the same purposes prescribed by subsection (b) in any year when
estimated sales tax revenue is less in any such year than that budgeted for
such year.
History: L. 1925, ch. 111, § 18; L. 1933, ch. 126, § 2; L. 1933,
ch. 39, § 2 (Special Session); L. 1937, ch. 136, § 1; L. 1941, ch.
129, § 2; L. 1945, ch. 119, § 1; L. 1949, ch. 144, § 1; L. 1951,
ch. 158, § 1; L. 1957, ch. 117, § 1; L. 1974, ch. 80, § 1; L. 1976,
ch. 87, § 17; L. 1978, ch. 295, § 1;
L. 1999, ch. 88, § 5; Apr. 15.