19-27,193. Same; cost of improvements, how paid; limitations.
19-27,193
19-27,193. Same; cost of improvements, how paid; limitations.
The total cost of any improvement made under the authority of
this act shall be paid as follows:
(a) All costs made payable by the county at large which may be paid from
general funds legally available for such purposes or from other general
improvement funds available for such purposes may be paid from such funds.
(b) Costs payable by special assessments which have been paid in full
prior to the date set by the governing body as provided in K.S.A. 19-27,190
shall be paid from assessments so collected.
(c) Costs payable by special assessments, to be paid in installments,
and costs made payable by the county at large and not payable from
available general funds, or other general improvement funds available to
the governing body for such purpose, may be paid by the issuance and sale of
general obligation bonds of the county as provided by law.
(d) Costs payable by special assessments, to be paid in installments,
may be paid by the issuance and sale of limited obligation bonds of the
county payable solely from such special assessments.
(e) During the progress of an improvement, the governing body may issue
temporary notes of the county as provided by law to pay costs which will be
paid by the issuance of bonds as provided in subsection (c), and upon
completion of the work, bonds of the county shall be issued as provided
therein.
(f) During the progress of any improvement, the governing body may issue
bond anticipation bonds of the county to pay the cost of the improvement in
an amount not to exceed the estimated cost of the improvement to be paid by
special assessments and the issuance of limited obligation bonds as
provided in subsection (d). Bond anticipation bonds shall be redeemed and
canceled before or at the time permanent limited obligation bonds are
issued as provided in subsection (d).
(g) The costs of more than one improvement may be paid from a single
issue and sale of bonds without other consolidation of the proceedings
prior to the bond issue.
History: L. 1991, ch. 51, § 13; April 25.