2-1920. Conservation district capital outlay fund; use of moneys.
2-1920
2-1920. Conservation district capital outlay fund; use of moneys.
(a) There is hereby authorized to be established in every
conservation district of the state a fund which shall be called the capital
outlay fund. The fund shall consist of any moneys deposited therein from
funds received according to provisions of the conservation district law.
(b) Any moneys in the capital outlay fund of the conservation district
may be used for the purpose of acquisition, construction, reconstruction,
repair, remodeling, additions to, furnishing and equipping of buildings
necessary for district operations, including architectural expenses
incidental thereto and the acquisition of building sites and the
acquisition of other equipment to carry out the activities and functions of the district.
(c) The conservation district board of supervisors is hereby authorized
to invest any portion of the capital outlay fund, which is not currently
needed in investments authorized by K.S.A. 12-1675, and amendments thereto.
All interest received on any such investment shall be credited to the
capital outlay fund.
History: L. 1989, ch. 5, § 4; July 1.