PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 13a.--MUNICIPAL UNIVERSITIES
13-13a23.Bond issues authorized; limitations; sinking fund; tax levies;
accumulation of fund for buildings; permanent improvements or capitalized
equipment; expenditures.
(a) The board of regents of any municipal university heretofore or hereafter
created and established under the provisions of article 13a of chapter 13
of the Kansas Statutes Annotated, and amendments thereto, shall have the
continuing
right, power and authority, by resolution, to issue bonds of such municipal
university from time to time, for the purpose of acquiring real estate,
erecting buildings or additions to present buildings and the purchase of
equipment for such buildings and for refunding any indebtedness of such
university. There shall not be outstanding at any one time an aggregate
of bonds of the municipal university in excess of
2% of the assessed valuation of the taxable tangible property within
the corporate limits of the city in which the
university is located. The bonds shall bear
interest at a rate not
exceeding the maximum rate of interest prescribed by K.S.A. 10-1009
and amendments thereto and
shall mature not later than 30 years from date of issuance.
(b) Provisions for the payment of bonds issued under this
section shall be made by the establishment
of a sinking fund to be created out of the proceeds derived from the taxes
levied each year by the board of regents of such municipal university
pursuant to subsection (c) of this section.
(c) The board of regents is hereby authorized to levy taxes on all
taxable tangible property within the corporate limits of the city in which
the university is
located to provide
for (1) the sinking fund established under subsection (b); (2) the
construction, reconstruction,
or equipping of new or existing buildings; and (3) for any other
capitalized equipment or permanent
improvements. Except as provided in subsection (d), such taxes shall be
in addition to all taxes which may be levied by the board of
regents pursuant to K.S.A.
13-13a18 and amendments thereto
and shall not exceed 3 mills in any one year.
(d) The board of regents which has levied a retailers' sales tax under the
provisions of this act
shall levy no other property tax except as
authorized by K.S.A. 13-13a23, and amendments thereto, and K.S.A. 75-6111, and
amendments thereto.
(e) The proceeds from the tax levy authorized under
this section, other
than that portion of the proceeds for the sinking fund, may be
accumulated from year to year and expended
for the construction, reconstruction or equipping of
new or existing buildings,
permanent improvements or capitalized equipment or for any one or more of
such purposes, and shall not
be subject to the provisions of the budget laws, except that in making the
budget of the municipal university the amount so accumulated and the amount
expended thereof shall be shown therein for the information of the taxpayers.
History: L. 1931, ch. 89, § 1; L. 1937, ch. 136, § 2; L. 1947,
ch. 142, § 1; L. 1951, ch. 158, § 2; L. 1953, ch. 90, § 1; L. 1965,
ch. 135, § 1; L. 1970, ch. 64, § 33; L. 1976, ch. 87, § 21; L.
1978, ch. 99, § 19;
L. 1985, ch. 81, § 1;
L. 1988, ch. 83, § 1;
L. 1989, ch. 68, § 1;
L. 1990, ch. 66, § 19;
L. 1997, ch. 83, § 1;
L. 1999, ch. 88, § 6; Apr. 15.
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 13a.--MUNICIPAL UNIVERSITIES
13-13a23.Bond issues authorized; limitations; sinking fund; tax levies;
accumulation of fund for buildings; permanent improvements or capitalized
equipment; expenditures.
(a) The board of regents of any municipal university heretofore or hereafter
created and established under the provisions of article 13a of chapter 13
of the Kansas Statutes Annotated, and amendments thereto, shall have the
continuing
right, power and authority, by resolution, to issue bonds of such municipal
university from time to time, for the purpose of acquiring real estate,
erecting buildings or additions to present buildings and the purchase of
equipment for such buildings and for refunding any indebtedness of such
university. There shall not be outstanding at any one time an aggregate
of bonds of the municipal university in excess of
2% of the assessed valuation of the taxable tangible property within
the corporate limits of the city in which the
university is located. The bonds shall bear
interest at a rate not
exceeding the maximum rate of interest prescribed by K.S.A. 10-1009
and amendments thereto and
shall mature not later than 30 years from date of issuance.
(b) Provisions for the payment of bonds issued under this
section shall be made by the establishment
of a sinking fund to be created out of the proceeds derived from the taxes
levied each year by the board of regents of such municipal university
pursuant to subsection (c) of this section.
(c) The board of regents is hereby authorized to levy taxes on all
taxable tangible property within the corporate limits of the city in which
the university is
located to provide
for (1) the sinking fund established under subsection (b); (2) the
construction, reconstruction,
or equipping of new or existing buildings; and (3) for any other
capitalized equipment or permanent
improvements. Except as provided in subsection (d), such taxes shall be
in addition to all taxes which may be levied by the board of
regents pursuant to K.S.A.
13-13a18 and amendments thereto
and shall not exceed 3 mills in any one year.
(d) The board of regents which has levied a retailers' sales tax under the
provisions of this act
shall levy no other property tax except as
authorized by K.S.A. 13-13a23, and amendments thereto, and K.S.A. 75-6111, and
amendments thereto.
(e) The proceeds from the tax levy authorized under
this section, other
than that portion of the proceeds for the sinking fund, may be
accumulated from year to year and expended
for the construction, reconstruction or equipping of
new or existing buildings,
permanent improvements or capitalized equipment or for any one or more of
such purposes, and shall not
be subject to the provisions of the budget laws, except that in making the
budget of the municipal university the amount so accumulated and the amount
expended thereof shall be shown therein for the information of the taxpayers.
History: L. 1931, ch. 89, § 1; L. 1937, ch. 136, § 2; L. 1947,
ch. 142, § 1; L. 1951, ch. 158, § 2; L. 1953, ch. 90, § 1; L. 1965,
ch. 135, § 1; L. 1970, ch. 64, § 33; L. 1976, ch. 87, § 21; L.
1978, ch. 99, § 19;
L. 1985, ch. 81, § 1;
L. 1988, ch. 83, § 1;
L. 1989, ch. 68, § 1;
L. 1990, ch. 66, § 19;
L. 1997, ch. 83, § 1;
L. 1999, ch. 88, § 6; Apr. 15.
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 13a.--MUNICIPAL UNIVERSITIES
13-13a23.Bond issues authorized; limitations; sinking fund; tax levies;
accumulation of fund for buildings; permanent improvements or capitalized
equipment; expenditures.
(a) The board of regents of any municipal university heretofore or hereafter
created and established under the provisions of article 13a of chapter 13
of the Kansas Statutes Annotated, and amendments thereto, shall have the
continuing
right, power and authority, by resolution, to issue bonds of such municipal
university from time to time, for the purpose of acquiring real estate,
erecting buildings or additions to present buildings and the purchase of
equipment for such buildings and for refunding any indebtedness of such
university. There shall not be outstanding at any one time an aggregate
of bonds of the municipal university in excess of
2% of the assessed valuation of the taxable tangible property within
the corporate limits of the city in which the
university is located. The bonds shall bear
interest at a rate not
exceeding the maximum rate of interest prescribed by K.S.A. 10-1009
and amendments thereto and
shall mature not later than 30 years from date of issuance.
(b) Provisions for the payment of bonds issued under this
section shall be made by the establishment
of a sinking fund to be created out of the proceeds derived from the taxes
levied each year by the board of regents of such municipal university
pursuant to subsection (c) of this section.
(c) The board of regents is hereby authorized to levy taxes on all
taxable tangible property within the corporate limits of the city in which
the university is
located to provide
for (1) the sinking fund established under subsection (b); (2) the
construction, reconstruction,
or equipping of new or existing buildings; and (3) for any other
capitalized equipment or permanent
improvements. Except as provided in subsection (d), such taxes shall be
in addition to all taxes which may be levied by the board of
regents pursuant to K.S.A.
13-13a18 and amendments thereto
and shall not exceed 3 mills in any one year.
(d) The board of regents which has levied a retailers' sales tax under the
provisions of this act
shall levy no other property tax except as
authorized by K.S.A. 13-13a23, and amendments thereto, and K.S.A. 75-6111, and
amendments thereto.
(e) The proceeds from the tax levy authorized under
this section, other
than that portion of the proceeds for the sinking fund, may be
accumulated from year to year and expended
for the construction, reconstruction or equipping of
new or existing buildings,
permanent improvements or capitalized equipment or for any one or more of
such purposes, and shall not
be subject to the provisions of the budget laws, except that in making the
budget of the municipal university the amount so accumulated and the amount
expended thereof shall be shown therein for the information of the taxpayers.
History: L. 1931, ch. 89, § 1; L. 1937, ch. 136, § 2; L. 1947,
ch. 142, § 1; L. 1951, ch. 158, § 2; L. 1953, ch. 90, § 1; L. 1965,
ch. 135, § 1; L. 1970, ch. 64, § 33; L. 1976, ch. 87, § 21; L.
1978, ch. 99, § 19;
L. 1985, ch. 81, § 1;
L. 1988, ch. 83, § 1;
L. 1989, ch. 68, § 1;
L. 1990, ch. 66, § 19;
L. 1997, ch. 83, § 1;
L. 1999, ch. 88, § 6; Apr. 15.