2-131e.   No-fund warrants for purchase of grounds,erection andmaintenance of buildings; limitation; tax levies.Whenever the board of county commissioners of any county in which thereis a county fair association officially recognized by the secretary ofagriculture, and having a population of not lessthan 35,000 nor more than 45,000, and having anassessed tangible valuation of not less than $50,000,000 and not morethan $80,000,000, shalldetermine, upon the request of such fair association, that it is in thebest interest of the county to raise funds for the purchase of grounds orthe erection and maintenance of buildings for such fair association,such board of commissioners is hereby authorized andempowered to issue no-fund warrants in an amount not to exceed, in theaggregate, $5,000 for the purposesstated hereinbefore. No-fund warrantsissued hereunder shall be issued in the manner and form and bear interestand be redeemed as prescribed by K.S.A. 79-2940, and amendments thereto,except that they may beissued without the approval ofthe state court of tax appeals, and without the notationrequired by K.S.A. 79-2940, and amendments thereto. Theauthority to issue no-fund warrants, as provided herein, shall not be exercisedby the board of county commissioners more than once in any ten-yearperiod. Such warrants shall mature serially inapproximately equal annual installments at such yearly dates as to be payableby not more than five tax levies, and the board of countycommissioners issuing such warrants shall make a tax levy at the first taxlevying period after such warrants are issued, and at such of the nextsucceeding tax levying periods as may be required, sufficient to pay suchwarrants as they mature and the interest thereon as the same becomes due.The money collected from issuance ofsuch warrants shall be paid to such fair associations forthe purposes herein specified. Such tax levy or levies shall be inaddition toall other tax levies authorized or limited by law and shall not be subject toor within the aggregate tax levy limit prescribed by K.S.A. 79-1947, andamendments thereto.

      History:   L. 1967, ch. 3, § 3;L. 2004, ch. 101, § 7;L. 2008, ch. 109, § 21; July 1.