19-3505a. Issuance of no-fund warrants by board, when; expending moneys; tax levy, collection and disposition.
19-3505a
19-3505a. Issuance of no-fund warrants by board, when; expending
moneys; tax levy, collection and disposition.
In order to provide funds to meet necessary expenses in carrying on its
regular activities and duties, as provided in K.S.A. 19-3505,
the water district board provided for by said section 19-3505 may issue
no-fund warrants in a total amount not exceeding one hundred fifty
thousand dollars ($150,000) during the time after the members of the
first board are duly qualified and before the issuance of bonds under
the provisions of K.S.A. 19-3516. Such warrants shall be issued in like
manner as other warrants and shall bear interest at a rate of not more
than the maximum rate of interest prescribed by K.S.A. 10-1009 and shall
be recorded by the secretary of the water district
board and redeemed as provided in article 8 of chapter 10 of the Kansas
Statutes Annotated. Such water district board is hereby authorized and
empowered to expend all moneys raised by no-fund warrants issued under
the provisions of this section although it has not adopted a budget for
the period during which such expenditures are made.
At the first tax levying period after the issuance of any such
warrants, the secretary of such water district board shall certify to
the county clerk of the county in which the greatest portion of the area
of the water district lies the total amount of no-fund warrants that
have been issued together with the amount of interest due and to become
due thereon prior to redemption. Thereupon, the county clerk shall
determine the rate of tax necessary to be levied on all the taxable
tangible property in the water district to redeem said warrants and to
pay the interest thereon. Upon the determination of such rate of tax,
said county clerk shall certify same to the board of county
commissioners of every county in which any portion of the area of such
water district lies and said boards of county commissioners shall levy
such tax on all taxable tangible property in such water district in
their respective counties. Upon the collection of such tax in any county
other than the county in which the greatest portion of the area of the
district lies, the county treasurer of such county shall transmit the
same to the county treasurer of the county in which the greatest portion
of the area of such district lies. The tax levies herein authorized
shall be in addition to all other tax levies authorized or limited by
law.
History: L. 1955, ch. 170, § 1; L. 1957, ch. 192, § 3; L. 1970,
ch. 64, § 65; March 21.