12-1744a.Issuance of revenue bonds; statements
filed with state court of
tax appeals, contents; filing fee; annual informational report
required.
(a) At least
seven days prior to the issuance of any revenue bonds, the city or county shall
file a statement with the state court of tax appeals of
such proposed issuance containing the following information:
(1) The name of the city or county proposing to issue the revenue bonds, the
lessee, the guarantor, if any, the paying or fiscal agent, the underwriter,
if any, and all attorneys retained to render an opinion on the issue;
(2) a legal description of any property to be exempted from ad valorem
taxes, including the city or county in which the facility will be located;
(3) the appraised valuation of the property to be exempted from ad
valorem taxes as shown on the records of
the county as of the next preceding January 1;
(4) the estimated total cost of the facility showing a division of such
total cost between real and personal property;
(5) if the facility to be financed is an addition to or further improvement
of an existing facility the cost of which was financed by revenue bonds issued under
the provisions of this act, the date of issuance of such revenue bonds,
and if such facility or any portion thereof is presently exempt from property
taxation, the period for which the same is exempt;
(6) the principal amount of the revenue bonds to be issued;
(7) the amount of any payment to be made in lieu of taxes;
(8) an itemized list of service fees or charges to be paid by the lessee
together with a detailed description of the services to be rendered therefor;
(9) a reasonably detailed description of the use of bond
proceeds, including
whether they will be used to purchase, acquire, construct, reconstruct,
improve, equip, furnish, enlarge or remodel the facility in question;
(10) the proposed date of issuance of such revenue bonds.
(b) Any change in the information or documents required to be filed
pursuant to subsection (a) which does not materially adversely
affect the security
for the revenue bond issue may be made within the fifteen-day
period prior to
issuance of the revenue bonds by filing the amended information or document
with the state court of tax appeals.
(c) Any notice required to be filed pursuant to the provisions of
subsection (a) shall be accompanied by a filing fee, which shall be
fixed by rules and regulations of the state court of tax
appeals, in an amount sufficient to defray the cost of reviewing the
information and documents required to be contained in the notice.
(d) Information required to be filed by subsection (a) of this section
shall be in addition to any filing required by K.S.A. 79-210,
and amendments thereto.
(e) The state court of tax appeals may require any
information listed under subsection (a) deemed necessary, to be filed by a
city or county concerning agreements entered into prior to the effective date
of this act.
(f) The state court of tax appeals shall prepare and
compile annually a report containing the information required to be filed
pursuant to subsection (a) for each issuance
of revenue bonds made pursuant to K.S.A. 12-1740 et seq., and amendments
thereto. Such report shall be published in convenient form for the use and
information of the legislature, taxpayers, public officers and other
interested parties, and shall be available on January 10 of each year.
History: L. 1977, ch. 62, § 1; L. 1981, ch. 74, § 9; L. 1984,
ch. 73, § 1;
L. 2008, ch. 109, § 29; July 1.
12-1744a.Issuance of revenue bonds; statements
filed with state court of
tax appeals, contents; filing fee; annual informational report
required.
(a) At least
seven days prior to the issuance of any revenue bonds, the city or county shall
file a statement with the state court of tax appeals of
such proposed issuance containing the following information:
(1) The name of the city or county proposing to issue the revenue bonds, the
lessee, the guarantor, if any, the paying or fiscal agent, the underwriter,
if any, and all attorneys retained to render an opinion on the issue;
(2) a legal description of any property to be exempted from ad valorem
taxes, including the city or county in which the facility will be located;
(3) the appraised valuation of the property to be exempted from ad
valorem taxes as shown on the records of
the county as of the next preceding January 1;
(4) the estimated total cost of the facility showing a division of such
total cost between real and personal property;
(5) if the facility to be financed is an addition to or further improvement
of an existing facility the cost of which was financed by revenue bonds issued under
the provisions of this act, the date of issuance of such revenue bonds,
and if such facility or any portion thereof is presently exempt from property
taxation, the period for which the same is exempt;
(6) the principal amount of the revenue bonds to be issued;
(7) the amount of any payment to be made in lieu of taxes;
(8) an itemized list of service fees or charges to be paid by the lessee
together with a detailed description of the services to be rendered therefor;
(9) a reasonably detailed description of the use of bond
proceeds, including
whether they will be used to purchase, acquire, construct, reconstruct,
improve, equip, furnish, enlarge or remodel the facility in question;
(10) the proposed date of issuance of such revenue bonds.
(b) Any change in the information or documents required to be filed
pursuant to subsection (a) which does not materially adversely
affect the security
for the revenue bond issue may be made within the fifteen-day
period prior to
issuance of the revenue bonds by filing the amended information or document
with the state court of tax appeals.
(c) Any notice required to be filed pursuant to the provisions of
subsection (a) shall be accompanied by a filing fee, which shall be
fixed by rules and regulations of the state court of tax
appeals, in an amount sufficient to defray the cost of reviewing the
information and documents required to be contained in the notice.
(d) Information required to be filed by subsection (a) of this section
shall be in addition to any filing required by K.S.A. 79-210,
and amendments thereto.
(e) The state court of tax appeals may require any
information listed under subsection (a) deemed necessary, to be filed by a
city or county concerning agreements entered into prior to the effective date
of this act.
(f) The state court of tax appeals shall prepare and
compile annually a report containing the information required to be filed
pursuant to subsection (a) for each issuance
of revenue bonds made pursuant to K.S.A. 12-1740 et seq., and amendments
thereto. Such report shall be published in convenient form for the use and
information of the legislature, taxpayers, public officers and other
interested parties, and shall be available on January 10 of each year.
History: L. 1977, ch. 62, § 1; L. 1981, ch. 74, § 9; L. 1984,
ch. 73, § 1;
L. 2008, ch. 109, § 29; July 1.
12-1744a.Issuance of revenue bonds; statements
filed with state court of
tax appeals, contents; filing fee; annual informational report
required.
(a) At least
seven days prior to the issuance of any revenue bonds, the city or county shall
file a statement with the state court of tax appeals of
such proposed issuance containing the following information:
(1) The name of the city or county proposing to issue the revenue bonds, the
lessee, the guarantor, if any, the paying or fiscal agent, the underwriter,
if any, and all attorneys retained to render an opinion on the issue;
(2) a legal description of any property to be exempted from ad valorem
taxes, including the city or county in which the facility will be located;
(3) the appraised valuation of the property to be exempted from ad
valorem taxes as shown on the records of
the county as of the next preceding January 1;
(4) the estimated total cost of the facility showing a division of such
total cost between real and personal property;
(5) if the facility to be financed is an addition to or further improvement
of an existing facility the cost of which was financed by revenue bonds issued under
the provisions of this act, the date of issuance of such revenue bonds,
and if such facility or any portion thereof is presently exempt from property
taxation, the period for which the same is exempt;
(6) the principal amount of the revenue bonds to be issued;
(7) the amount of any payment to be made in lieu of taxes;
(8) an itemized list of service fees or charges to be paid by the lessee
together with a detailed description of the services to be rendered therefor;
(9) a reasonably detailed description of the use of bond
proceeds, including
whether they will be used to purchase, acquire, construct, reconstruct,
improve, equip, furnish, enlarge or remodel the facility in question;
(10) the proposed date of issuance of such revenue bonds.
(b) Any change in the information or documents required to be filed
pursuant to subsection (a) which does not materially adversely
affect the security
for the revenue bond issue may be made within the fifteen-day
period prior to
issuance of the revenue bonds by filing the amended information or document
with the state court of tax appeals.
(c) Any notice required to be filed pursuant to the provisions of
subsection (a) shall be accompanied by a filing fee, which shall be
fixed by rules and regulations of the state court of tax
appeals, in an amount sufficient to defray the cost of reviewing the
information and documents required to be contained in the notice.
(d) Information required to be filed by subsection (a) of this section
shall be in addition to any filing required by K.S.A. 79-210,
and amendments thereto.
(e) The state court of tax appeals may require any
information listed under subsection (a) deemed necessary, to be filed by a
city or county concerning agreements entered into prior to the effective date
of this act.
(f) The state court of tax appeals shall prepare and
compile annually a report containing the information required to be filed
pursuant to subsection (a) for each issuance
of revenue bonds made pursuant to K.S.A. 12-1740 et seq., and amendments
thereto. Such report shall be published in convenient form for the use and
information of the legislature, taxpayers, public officers and other
interested parties, and shall be available on January 10 of each year.
History: L. 1977, ch. 62, § 1; L. 1981, ch. 74, § 9; L. 1984,
ch. 73, § 1;
L. 2008, ch. 109, § 29; July 1.