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 specialtax levy authorized under former law; limitations; validation of certainlevies; election.The board of county commissioners of any county which has heretoforemade a tax levy under provisions of K.S.A. 19-1569, now repealed, shallhave the further right and authority by resolution without furtherpublication and without the necessity of an election to revise the totalamount determined as being necessary for such improvements and to issuegeneral obligation bonds of such county in the manner provided by thegeneral bond law. The amount of such special tax levy collected, togetherwith the amount of general obligation bonds issued shall not exceed theamount originally determined or redetermined by resolution, nor exceed twoand one-half percent (2 1/2%) of the assessed taxable tangible value ofsuch county at the time of the issuance of such bonds. If any such countyshall have made a tax levy in the year 1969 to finance the 1970 budget andincluded 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 itadvisable to issue bonds which, together with the amount of such specialtax levy collected, will exceed two and one-half percent (2 1/2%) of theassessed taxable tangible valuation of the county it may by resolutioncause a proposition to issue such bonds in such amount as it deemsadvisable to be submitted to the electors of such county in the mannerprovided in the general bond law. If approved by a majority of the electorsvoting on such proposition such bonds may be issued in the manner providedin the general bond law and shall not be subject or within any bonded debtlimitation prescribed by any law of this state and shall not be consideredor included in applying any law limiting bonded indebtedness.
History: L. 1970, ch. 107, § 5; L. 1971, ch. 88, § 1; July 1.