19-1561e. Same; no-fund warrants; limitation; payment; cash basis and budget laws inapplicable.
19-1561e
19-1561e. Same; no-fund warrants; limitation; payment; cash basis
and budget laws inapplicable.
In any county such as described in K.S.A. 19-1561d, the
board of county commissioners may issue no-fund warrants in an amount
not exceeding twenty thousand dollars ($20,000) to be used for the
purposes for which the tax levies described in K.S.A. 19-1561d were authorized:
Provided, That the amount of such
warrants plus the interest payable thereon shall not exceed the total
amount authorized to be raised by the tax levy under the authority
conferred by K.S.A. 19-1561. Such
no-fund tax warrants shall be paid by the levies made under K.S.A. 19-1561
and such warrants shall be
issued, registered and bear interest in the manner and be in the form
prescribed by K.S.A. 79-2940 except
they shall not bear the notation required by said section and may be
issued without the approval of the state commission of revenue and
taxation. None of the provisions of the cash basis and budget laws of
this state shall apply to any expenditures made, the payment of which
has been provided for by the issuance of warrants under this act.
History: L. 1953, ch. 148, § 2; March 28.