19-1583. Same; tax levies to pay warrants; surplus funds.
19-1583
19-1583. Same; tax levies to pay warrants; surplus funds.
Whenever no-fund warrants are issued under the authority provided by
this act, the board of county commissioners shall make a tax levy at the
first tax levying period after such warrants are issued, sufficient to
pay such warrants and the interest thereon. All such tax levies shall be
in addition to all other levy authorized or limited by law and shall not
be subject to the aggregate tax levy prescribed by K.S.A. 79-1947, or acts
amendatory thereof or
supplemental thereto. Such warrants shall be issued, bear such interest,
be registered and redeemed in the manner and in the form prescribed by
K.S.A. 79-2940, or any acts
amendatory thereof or supplemental thereto, except that they shall not
bear the notation required by said section 79-2940 and may be issued
without the approval of the state commission of revenue and taxation.
Any surplus existing after the redemption of such warrants shall be
handled in the manner prescribed by said section 79-2940.
History: L. 1949, ch. 211, § 3; April 8.