19-2786f. Same; district revenue producing utility taken over by city; distribution of cash to subscribers, when.
19-2786f
19-2786f. Same; district revenue producing utility taken over by
city; distribution of cash to subscribers, when.
When any improvement district revenue producing utility is taken over by
the city annexing such improvement district, and no contract is entered
into between such improvement district and the city as set out in
K.S.A. 19-2786e, then in that event the board of directors of the
improvement district shall have the power to distribute any cash on hand
to the subscribers or customers of such revenue producing utility on a
pro rata basis based upon the amount of money spent with such
improvement district revenue producing utility by each customer during
the twelve months period immediately preceding such annexation or
acquisition of such revenue producing utility by the city, whichever
event occurs later.
History: L. 1959, ch. 139, § 11; June 30.