19-15,106.Same; tax levies to pay; cash basis and
budget laws
inapplicable.
Whenever no-fund warrants are issued under the authority provided by
this act, the board of county commissioners shall make a tax levy at the
first tax levying period after such warrants are issued, sufficient to
pay such warrants and the interest thereon, except that
in lieu of making only one tax levy, such board of county commissioners, if it
deems it advisable, may make a tax levy each year for not to exceed five
years in approximately equal installments for the purpose
of paying
said warrants and the interest thereon. All such tax levies shall be in
addition to all other levies authorized or limited by law and shall not
be subject to the aggregate tax levy limit prescribed by K.S.A. 79-1947,
and amendments thereto.
Such warrants shall be issued, registered, redeemed and bear interest
in the manner and in the form prescribed by K.S.A. 79-2940, and amendments
thereto, except they shall not bear the notation
required by such section and may be issued without the
approval of the state court of tax appeals. Any surplus
existing after the redemption of such warrants shall be handled in the manner
prescribed by K.S.A. 79-2940, and amendments
thereto. None of the provisions of the cash basis and budget laws of this
state shall apply to any expenditures made, the payment of which has been
provided for by the issuance of warrants under this act.
History: L. 1963, ch. 169, § 2;
L. 2008, ch. 109, § 42; July 1.
19-15,106.Same; tax levies to pay; cash basis and
budget laws
inapplicable.
Whenever no-fund warrants are issued under the authority provided by
this act, the board of county commissioners shall make a tax levy at the
first tax levying period after such warrants are issued, sufficient to
pay such warrants and the interest thereon, except that
in lieu of making only one tax levy, such board of county commissioners, if it
deems it advisable, may make a tax levy each year for not to exceed five
years in approximately equal installments for the purpose
of paying
said warrants and the interest thereon. All such tax levies shall be in
addition to all other levies authorized or limited by law and shall not
be subject to the aggregate tax levy limit prescribed by K.S.A. 79-1947,
and amendments thereto.
Such warrants shall be issued, registered, redeemed and bear interest
in the manner and in the form prescribed by K.S.A. 79-2940, and amendments
thereto, except they shall not bear the notation
required by such section and may be issued without the
approval of the state court of tax appeals. Any surplus
existing after the redemption of such warrants shall be handled in the manner
prescribed by K.S.A. 79-2940, and amendments
thereto. None of the provisions of the cash basis and budget laws of this
state shall apply to any expenditures made, the payment of which has been
provided for by the issuance of warrants under this act.
History: L. 1963, ch. 169, § 2;
L. 2008, ch. 109, § 42; July 1.
19-15,106.Same; tax levies to pay; cash basis and
budget laws
inapplicable.
Whenever no-fund warrants are issued under the authority provided by
this act, the board of county commissioners shall make a tax levy at the
first tax levying period after such warrants are issued, sufficient to
pay such warrants and the interest thereon, except that
in lieu of making only one tax levy, such board of county commissioners, if it
deems it advisable, may make a tax levy each year for not to exceed five
years in approximately equal installments for the purpose
of paying
said warrants and the interest thereon. All such tax levies shall be in
addition to all other levies authorized or limited by law and shall not
be subject to the aggregate tax levy limit prescribed by K.S.A. 79-1947,
and amendments thereto.
Such warrants shall be issued, registered, redeemed and bear interest
in the manner and in the form prescribed by K.S.A. 79-2940, and amendments
thereto, except they shall not bear the notation
required by such section and may be issued without the
approval of the state court of tax appeals. Any surplus
existing after the redemption of such warrants shall be handled in the manner
prescribed by K.S.A. 79-2940, and amendments
thereto. None of the provisions of the cash basis and budget laws of this
state shall apply to any expenditures made, the payment of which has been
provided for by the issuance of warrants under this act.
History: L. 1963, ch. 169, § 2;
L. 2008, ch. 109, § 42; July 1.