19-2653. Same; tax levies to pay warrants; surplus funds.
19-2653
19-2653. 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, except that
in lieu of making only one tax levy, such board of county commissioners, if it
deems it advisable, may make a tax levy each year for not to exceed five
years in approximately equal installments for the purpose
of paying said warrants and the interest thereon. All such tax levies shall be
in addition to all other levies authorized or limited by law and shall not
be subject to the aggregate tax levy prescribed by K.S.A. 79-1947, and
amendments thereto. Such warrants shall be issued,
registered, redeemed and bear interest in the manner and in the form prescribed
by
K.S.A. 79-2940, and amendments thereto, except they shall not
bear the notation required by such section and may be
issued without the approval of the state court of tax
appeals. Any surplus existing after the redemption of such warrants shall be
handled in the manner prescribed by K.S.A.
79-2940, and amendments thereto. 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. 1959, ch. 144, § 2;
L. 2008, ch. 109, § 46; July 1.