2-1920.   Conservation district capital outlay fund; use of moneys.(a) There is hereby authorized to be established in everyconservation district of the state a fund which shall be called the capitaloutlay fund. The fund shall consist of any moneys deposited therein fromfunds received according to provisions of the conservation district law.

      (b)   Any moneys in the capital outlay fund of the conservation districtmay be used for the purpose of acquisition, construction, reconstruction,repair, remodeling, additions to, furnishing and equipping of buildingsnecessary for district operations, including architectural expensesincidental thereto and the acquisition of building sites and theacquisition of other equipment to carry out the activities and functions of the district.

      (c)   The conservation district board of supervisors is hereby authorizedto invest any portion of the capital outlay fund, which is not currentlyneeded in investments authorized by K.S.A. 12-1675, and amendments thereto.All interest received on any such investment shall be credited to thecapital outlay fund.

      History:   L. 1989, ch. 5, § 4; July 1.