12-1678a.Investment of undistributed taxes by
county commissioners; distribution of taxes; distribution of interest,
when.
(a) For the purposes of this section, taxes shall include ad valorem property
taxes, local gross earnings taxes, special assessments and all other taxes
and fees collected with or at the same time as ad valorem property taxes.
(b) The board of county commissioners of any county may invest the
undistributed taxes of any taxing subdivision in the possession of the county
treasurer pursuant to the provisions of this section. The moneys shall be
invested pursuant to K.S.A. 12-1675 and 12-1676, and amendments thereto.
(c) The county treasurer shall distribute the taxes collected for each
taxing subdivision within or partially within the county as follows:
(1) On or before January 20, June 5 and October 31, the
estimated amount collected for and owed to the taxing subdivision, but not less
than the amount actually collected as of not more than 20 days prior to the
distribution date, and on or before the last business day before March 20 and
September 20, not less than 95% of the estimated amount
collected for and owed to each taxing subdivision but not less than the amount
actually collected as of not more than 20 days prior to the distribution date.
Except as provided in subsection (d), no payments of any interest earned on the
investment of the tax collections shall be paid to the taxing subdivisions.
(2) In addition to the distributions required by the foregoing provisions of
this section, the county treasurer shall make a distribution on February 5,
1990, of the estimated amount collected for and owed to each taxing
subdivision, but not less than the amount actually collected as of January 17,
1990.
(3) To those taxing subdivisions which request special payment in advance of
the dates provided by subsection (c)(1), in order to meet the expenditure needs
of the taxing subdivisions as certified by the chief financial officer or
governing body thereof, as follows: The amount requested, but not exceeding the
amount actually collected for and owed to the taxing subdivision. When
requesting an advance payment, the chief financial officer or the governing
body of the taxing subdivision shall certify that the taxing subdivision has
neither sufficient cash on hand nor any investment which can be converted to
cash to meet the expenditure needs of the taxing subdivision. Except as
provided by this subsection, the county treasurer shall distribute the payment
requested. No payment shall be made under this subsection between December 1 of
any year and January 1 of the next succeeding year, or between May 1 and June
1 of any year.
(d) The board of county commissioners and the governing body of any taxing
subdivision within or partially within the county may enter into agreements
providing for the distribution of taxes and any interest earnings thereon in a
manner alternative to the methods provided by this section, and any such
agreements now in existence shall not be deemed to be invalidated by this
enactment.
(e) All moneys received by the county as interest upon the investment of
undistributed taxes, and not paid to taxing subdivisions as provided or
authorized shall be retained by the county treasurer and shall be paid into
the general fund of the county.
History: L. 1973, ch. 64, § 2;
L. 1975, ch. 69, § 1;
L. 1976, ch. 79, § 4;
L. 1981, ch. 380, § 1;
L. 1981, ch. 71, § 1;
L. 1982, ch. 73, § 1;
L. 1983, ch. 319, § 1;
L. 1989, ch. 2, § 4 (Special Session);
L. 1997, ch. 126, § 29;
L. 2003, ch. 146, § 1; Jan. 1, 2004.
12-1678a.Investment of undistributed taxes by
county commissioners; distribution of taxes; distribution of interest,
when.
(a) For the purposes of this section, taxes shall include ad valorem property
taxes, local gross earnings taxes, special assessments and all other taxes
and fees collected with or at the same time as ad valorem property taxes.
(b) The board of county commissioners of any county may invest the
undistributed taxes of any taxing subdivision in the possession of the county
treasurer pursuant to the provisions of this section. The moneys shall be
invested pursuant to K.S.A. 12-1675 and 12-1676, and amendments thereto.
(c) The county treasurer shall distribute the taxes collected for each
taxing subdivision within or partially within the county as follows:
(1) On or before January 20, June 5 and October 31, the
estimated amount collected for and owed to the taxing subdivision, but not less
than the amount actually collected as of not more than 20 days prior to the
distribution date, and on or before the last business day before March 20 and
September 20, not less than 95% of the estimated amount
collected for and owed to each taxing subdivision but not less than the amount
actually collected as of not more than 20 days prior to the distribution date.
Except as provided in subsection (d), no payments of any interest earned on the
investment of the tax collections shall be paid to the taxing subdivisions.
(2) In addition to the distributions required by the foregoing provisions of
this section, the county treasurer shall make a distribution on February 5,
1990, of the estimated amount collected for and owed to each taxing
subdivision, but not less than the amount actually collected as of January 17,
1990.
(3) To those taxing subdivisions which request special payment in advance of
the dates provided by subsection (c)(1), in order to meet the expenditure needs
of the taxing subdivisions as certified by the chief financial officer or
governing body thereof, as follows: The amount requested, but not exceeding the
amount actually collected for and owed to the taxing subdivision. When
requesting an advance payment, the chief financial officer or the governing
body of the taxing subdivision shall certify that the taxing subdivision has
neither sufficient cash on hand nor any investment which can be converted to
cash to meet the expenditure needs of the taxing subdivision. Except as
provided by this subsection, the county treasurer shall distribute the payment
requested. No payment shall be made under this subsection between December 1 of
any year and January 1 of the next succeeding year, or between May 1 and June
1 of any year.
(d) The board of county commissioners and the governing body of any taxing
subdivision within or partially within the county may enter into agreements
providing for the distribution of taxes and any interest earnings thereon in a
manner alternative to the methods provided by this section, and any such
agreements now in existence shall not be deemed to be invalidated by this
enactment.
(e) All moneys received by the county as interest upon the investment of
undistributed taxes, and not paid to taxing subdivisions as provided or
authorized shall be retained by the county treasurer and shall be paid into
the general fund of the county.
History: L. 1973, ch. 64, § 2;
L. 1975, ch. 69, § 1;
L. 1976, ch. 79, § 4;
L. 1981, ch. 380, § 1;
L. 1981, ch. 71, § 1;
L. 1982, ch. 73, § 1;
L. 1983, ch. 319, § 1;
L. 1989, ch. 2, § 4 (Special Session);
L. 1997, ch. 126, § 29;
L. 2003, ch. 146, § 1; Jan. 1, 2004.
12-1678a.Investment of undistributed taxes by
county commissioners; distribution of taxes; distribution of interest,
when.
(a) For the purposes of this section, taxes shall include ad valorem property
taxes, local gross earnings taxes, special assessments and all other taxes
and fees collected with or at the same time as ad valorem property taxes.
(b) The board of county commissioners of any county may invest the
undistributed taxes of any taxing subdivision in the possession of the county
treasurer pursuant to the provisions of this section. The moneys shall be
invested pursuant to K.S.A. 12-1675 and 12-1676, and amendments thereto.
(c) The county treasurer shall distribute the taxes collected for each
taxing subdivision within or partially within the county as follows:
(1) On or before January 20, June 5 and October 31, the
estimated amount collected for and owed to the taxing subdivision, but not less
than the amount actually collected as of not more than 20 days prior to the
distribution date, and on or before the last business day before March 20 and
September 20, not less than 95% of the estimated amount
collected for and owed to each taxing subdivision but not less than the amount
actually collected as of not more than 20 days prior to the distribution date.
Except as provided in subsection (d), no payments of any interest earned on the
investment of the tax collections shall be paid to the taxing subdivisions.
(2) In addition to the distributions required by the foregoing provisions of
this section, the county treasurer shall make a distribution on February 5,
1990, of the estimated amount collected for and owed to each taxing
subdivision, but not less than the amount actually collected as of January 17,
1990.
(3) To those taxing subdivisions which request special payment in advance of
the dates provided by subsection (c)(1), in order to meet the expenditure needs
of the taxing subdivisions as certified by the chief financial officer or
governing body thereof, as follows: The amount requested, but not exceeding the
amount actually collected for and owed to the taxing subdivision. When
requesting an advance payment, the chief financial officer or the governing
body of the taxing subdivision shall certify that the taxing subdivision has
neither sufficient cash on hand nor any investment which can be converted to
cash to meet the expenditure needs of the taxing subdivision. Except as
provided by this subsection, the county treasurer shall distribute the payment
requested. No payment shall be made under this subsection between December 1 of
any year and January 1 of the next succeeding year, or between May 1 and June
1 of any year.
(d) The board of county commissioners and the governing body of any taxing
subdivision within or partially within the county may enter into agreements
providing for the distribution of taxes and any interest earnings thereon in a
manner alternative to the methods provided by this section, and any such
agreements now in existence shall not be deemed to be invalidated by this
enactment.
(e) All moneys received by the county as interest upon the investment of
undistributed taxes, and not paid to taxing subdivisions as provided or
authorized shall be retained by the county treasurer and shall be paid into
the general fund of the county.
History: L. 1973, ch. 64, § 2;
L. 1975, ch. 69, § 1;
L. 1976, ch. 79, § 4;
L. 1981, ch. 380, § 1;
L. 1981, ch. 71, § 1;
L. 1982, ch. 73, § 1;
L. 1983, ch. 319, § 1;
L. 1989, ch. 2, § 4 (Special Session);
L. 1997, ch. 126, § 29;
L. 2003, ch. 146, § 1; Jan. 1, 2004.