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68-2319

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 23.--EXPRESS HIGHWAYS AND FREEWAYS

68-2319. Highway program; bonds; definitions.The following words or terms used in this act shall havethe following meanings unless a different meaning clearly appears from the context:

(a) "Bonds" means any bonds, notes or other evidences of indebtedness,including book-entry-only, whether or not the interest on such bonds is subjectto federal income taxation,issued pursuant to the authority of this act.

(b) "Secretary" means the secretary of transportation.

(c) "Book-entry-only" means a system of electronic clearance, settlementand transfer of security ownership without the use of securities certificates.

History: L. 1989, ch. 209, § 6; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter68 > Article23 > Statutes_28874

68-2319

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 23.--EXPRESS HIGHWAYS AND FREEWAYS

68-2319. Highway program; bonds; definitions.The following words or terms used in this act shall havethe following meanings unless a different meaning clearly appears from the context:

(a) "Bonds" means any bonds, notes or other evidences of indebtedness,including book-entry-only, whether or not the interest on such bonds is subjectto federal income taxation,issued pursuant to the authority of this act.

(b) "Secretary" means the secretary of transportation.

(c) "Book-entry-only" means a system of electronic clearance, settlementand transfer of security ownership without the use of securities certificates.

History: L. 1989, ch. 209, § 6; July 1.

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State Codes and Statutes

Statutes > Kansas > Chapter68 > Article23 > Statutes_28874

68-2319

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 23.--EXPRESS HIGHWAYS AND FREEWAYS

68-2319. Highway program; bonds; definitions.The following words or terms used in this act shall havethe following meanings unless a different meaning clearly appears from the context:

(a) "Bonds" means any bonds, notes or other evidences of indebtedness,including book-entry-only, whether or not the interest on such bonds is subjectto federal income taxation,issued pursuant to the authority of this act.

(b) "Secretary" means the secretary of transportation.

(c) "Book-entry-only" means a system of electronic clearance, settlementand transfer of security ownership without the use of securities certificates.

History: L. 1989, ch. 209, § 6; July 1.