19-3505a.   Issuance of no-fund warrants by board, when; expendingmoneys; tax levy, collection and disposition.In order to provide funds to meet necessary expenses in carrying on itsregular activities and duties, as provided in K.S.A. 19-3505,the water district board provided for by said section 19-3505 may issueno-fund warrants in a total amount not exceeding one hundred fiftythousand dollars ($150,000) during the time after the members of thefirst board are duly qualified and before the issuance of bonds underthe provisions of K.S.A. 19-3516. Such warrants shall be issued in likemanner as other warrants and shall bear interest at a rate of not morethan the maximum rate of interest prescribed by K.S.A. 10-1009 and shallbe recorded by the secretary of the water districtboard and redeemed as provided in article 8 of chapter 10 of the KansasStatutes Annotated. Such water district board is hereby authorized andempowered to expend all moneys raised by no-fund warrants issued underthe provisions of this section although it has not adopted a budget forthe period during which such expenditures are made.

      At the first tax levying period after the issuance of any suchwarrants, the secretary of such water district board shall certify tothe county clerk of the county in which the greatest portion of the areaof the water district lies the total amount of no-fund warrants thathave been issued together with the amount of interest due and to becomedue thereon prior to redemption. Thereupon, the county clerk shalldetermine the rate of tax necessary to be levied on all the taxabletangible property in the water district to redeem said warrants and topay the interest thereon. Upon the determination of such rate of tax,said county clerk shall certify same to the board of countycommissioners of every county in which any portion of the area of suchwater district lies and said boards of county commissioners shall levysuch tax on all taxable tangible property in such water district intheir respective counties. Upon the collection of such tax in any countyother than the county in which the greatest portion of the area of thedistrict lies, the county treasurer of such county shall transmit thesame to the county treasurer of the county in which the greatest portionof the area of such district lies. The tax levies herein authorizedshall be in addition to all other tax levies authorized or limited bylaw.

      History:   L. 1955, ch. 170, § 1; L. 1957, ch. 192, § 3; L. 1970,ch. 64, § 65; March 21.