10-1204.Revenue fund; use; application of 12-825d, 13-1269 to 13-1274.
Revenue derived from the operation of any utility financed in whole or
in part by revenue bonds authorized by this act shall be paid into the
treasury of the municipality or into the treasury of its board of public
utilities and kept in a separate fund, and shall be used only for the
purpose of paying the cost of operation, maintenance, alteration,
reconstruction, repair, improvement, extension and enlargement of such
utility, providing either a depreciation fund or a renewal and
replacement fund, providing a reserve fund and paying the principal of,
and the interest upon, the revenue bonds and paying the principal of,
and the interest upon, any and all prior existing and subsequently issued
revenue and general
obligation bonds or other liens or indebtedness against any such utility
or facility except that (1) all the provisions of K.S.A. 12-825d shall remain
in force when
sufficient revenues have been set aside for the current year's principal and
interest upon the revenue bonds and (2) all the provisions of K.S.A. 13-1269
to 13-1274, inclusive, and amendments thereto, shall remain in force when
the provisions of K.S.A. 13-1270, and amendments thereto, are complied with.
History: L. 1947, ch. 107, § 4; L. 1949, ch. 117, § 2; L.
1969, ch. 68, § 1; L. 1979, ch. 47, § 1; L. 1980, ch. 72, § 1; April 14.
10-1204.Revenue fund; use; application of 12-825d, 13-1269 to 13-1274.
Revenue derived from the operation of any utility financed in whole or
in part by revenue bonds authorized by this act shall be paid into the
treasury of the municipality or into the treasury of its board of public
utilities and kept in a separate fund, and shall be used only for the
purpose of paying the cost of operation, maintenance, alteration,
reconstruction, repair, improvement, extension and enlargement of such
utility, providing either a depreciation fund or a renewal and
replacement fund, providing a reserve fund and paying the principal of,
and the interest upon, the revenue bonds and paying the principal of,
and the interest upon, any and all prior existing and subsequently issued
revenue and general
obligation bonds or other liens or indebtedness against any such utility
or facility except that (1) all the provisions of K.S.A. 12-825d shall remain
in force when
sufficient revenues have been set aside for the current year's principal and
interest upon the revenue bonds and (2) all the provisions of K.S.A. 13-1269
to 13-1274, inclusive, and amendments thereto, shall remain in force when
the provisions of K.S.A. 13-1270, and amendments thereto, are complied with.
History: L. 1947, ch. 107, § 4; L. 1949, ch. 117, § 2; L.
1969, ch. 68, § 1; L. 1979, ch. 47, § 1; L. 1980, ch. 72, § 1; April 14.
10-1204.Revenue fund; use; application of 12-825d, 13-1269 to 13-1274.
Revenue derived from the operation of any utility financed in whole or
in part by revenue bonds authorized by this act shall be paid into the
treasury of the municipality or into the treasury of its board of public
utilities and kept in a separate fund, and shall be used only for the
purpose of paying the cost of operation, maintenance, alteration,
reconstruction, repair, improvement, extension and enlargement of such
utility, providing either a depreciation fund or a renewal and
replacement fund, providing a reserve fund and paying the principal of,
and the interest upon, the revenue bonds and paying the principal of,
and the interest upon, any and all prior existing and subsequently issued
revenue and general
obligation bonds or other liens or indebtedness against any such utility
or facility except that (1) all the provisions of K.S.A. 12-825d shall remain
in force when
sufficient revenues have been set aside for the current year's principal and
interest upon the revenue bonds and (2) all the provisions of K.S.A. 13-1269
to 13-1274, inclusive, and amendments thereto, shall remain in force when
the provisions of K.S.A. 13-1270, and amendments thereto, are complied with.
History: L. 1947, ch. 107, § 4; L. 1949, ch. 117, § 2; L.
1969, ch. 68, § 1; L. 1979, ch. 47, § 1; L. 1980, ch. 72, § 1; April 14.