19-15,128. Same; issuance of general obligation bonds where special tax levy authorized under former law; limitations; validation of certain levies; election.
19-15,128
19-15,128. Same; issuance of general obligation bonds where special
tax levy authorized under former law; limitations; validation of certain
levies; election.
The board of county commissioners of any county which has heretofore
made a tax levy under provisions of K.S.A. 19-1569, now repealed, shall
have the further right and authority by resolution without further
publication and without the necessity of an election to revise the total
amount determined as being necessary for such improvements and to issue
general obligation bonds of such county in the manner provided by the
general bond law. The amount of such special tax levy collected, together
with the amount of general obligation bonds issued shall not exceed the
amount originally determined or redetermined by resolution, nor exceed two
and one-half percent (2 1/2%) of the assessed taxable tangible value of
such county at the time of the issuance of such bonds. If any such county
shall have made a tax levy in the year 1969 to finance the 1970 budget and
included within such levy was the special tax levy contemplated by K.S.A.
19-1569, that notwithstanding such repeal such levy is hereby validated.
If the board of county commissioners of any such county deems it
advisable to issue bonds which, together with the amount of such special
tax levy collected, will exceed two and one-half percent (2 1/2%) of the
assessed taxable tangible valuation of the county it may by resolution
cause a proposition to issue such bonds in such amount as it deems
advisable to be submitted to the electors of such county in the manner
provided in the general bond law. If approved by a majority of the electors
voting on such proposition such bonds may be issued in the manner provided
in the general bond law and shall not be subject or within any bonded debt
limitation prescribed by any law of this state and shall not be considered
or included in applying any law limiting bonded indebtedness.
History: L. 1970, ch. 107, § 5; L. 1971, ch. 88, § 1; July 1.