10-305:
History: L. 1955, ch. 79, §
1; Repealed, L. 1978, ch. 52, §
3; July 1.
10-306: Counties; limitations.
Except as provided in K.S.A. 10-307, and amendments thereto, and in any other
statute which specifically exempts bonds from the statutory limitations on
bonded indebtedness, the limitation on bonded indebtedness of counties shall be
governed by the following provisions: (a) Except as provided in subsection (b),
the authorized and outstanding bonded indebtedness of any county shall not
exceed 3% of the assessed value of all tangible taxable property within such
county, as certified to the county clerk on the preceding August 25.
(b) The authorized and outstanding bonded indebtedness of Wyandotte county
shall not exceed 30% of the assessed value of all tangible taxable property
within such county, as certified to the county clerk on the preceding August 25
and the authorized and outstanding bonded indebtedness of Franklin county shall
not exceed 30% of the assessed value of all tangible taxable property within
such county, as certified to the county clerk on the preceding August 25.
History: L. 1978, ch. 51, § 1;
L. 1980, ch. 53, § 1;
L. 1982, ch. 56, § 1;
L. 1984, ch. 54, § 1;
L. 1985, ch. 61, § 1;
L. 1985, ch. 62, § 2;
L. 2004, ch. 173, § 2; July 1.
10-307: Counties; certain bonds excluded in computing bonded indebtedness.
(a) Bonds issued for the
purpose of refunding outstanding debt, including outstanding bonds and matured
coupons thereof, or judgments thereon; (b) bonds issued pursuant to
the provisions of article 46 of chapter 19 of the Kansas Statutes Annotated,
and acts amendatory thereof or supplemental thereto; (c) bonds issued
for the purpose of financing the construction or remodeling of a
courthouse, jail or law enforcement center facility, which bonds are
payable from the proceeds of a countywide retailers' sales tax; and
(d) bonds issued by Riley or Lyon county for the purpose of financing the
construction or remodeling of a law enforcement facility or jail, or both,
shall not be included in computing the total bonded indebtedness of any county
for the purpose of determining the limitations on bonded indebtedness provided
in K.S.A. 10-306, and amendments thereto.
History: L. 1978, ch. 51, § 2;
L. 1985, ch. 63, § 1;
L. 1987, ch. 63, § 5;
L. 1990, ch. 67, § 5;
L. 1992, ch. 160, § 1; April 30.
10-308: Cities; limitations.
(a) Except as provided in this section and K.S.A. 10-309, and
amendments thereto, and in any other
statute which specifically exempts bonds from the statutory limitations
on bonded indebtedness, the limitation on bonded indebtedness of cities
shall be governed by
this section. The authorized and outstanding bonded indebtedness of
any city shall not exceed 30% of the assessed
valuation of the city.
(b) (1) The authorized and outstanding bonded indebtedness of the city
of Junction City
shall not exceed 40% of the assessed valuation of such city. The provisions of
this paragraph
shall expire on June 30, 2011.
(2) On and after July 1, 2011, the authorized and outstanding bonded
indebtedness of the
city of Junction City shall not exceed 37% of the assessed valuation of such
city. The provisions
of this paragraph shall expire on June 30, 2013.
(3) On and after July 1, 2013, the authorized and outstanding bonded
indebtedness of the
city of Junction City shall not exceed 34% of the assessed valuation of such
city. The provisions
of this paragraph shall expire on June 30, 2015.
(c) For the purpose of this section, assessed valuation means the value
of all taxable tangible property as certified to the county clerk on the
preceding August 25 which includes the assessed
valuation of motor vehicles as provided by K.S.A. 10-310, and amendments
thereto.
History: L. 1978, ch. 52, § 1;
L. 1982, ch. 57, § 1;
L. 1985, ch. 64, § 1;
L. 1986, ch. 61, § 1;
L. 2006, ch. 33, § 1; March 30.
10-309: Limitation on bonded indebtedness of cities; exceptions.
Notwithstanding the provisions of K.S.A. 10-308 and amendments thereto:
(a) Bonds issued by any city for the purpose of acquiring, enlarging,
extending or improving any storm or sanitary sewer system; or (b) bonds
issued by any city for the purpose of acquiring, enlarging, extending or
improving any municipal utility; or (c) bonds issued by any city to pay the
cost of improvements to intersections of streets and alleys or that portion
of any street immediately in front of city or school district property,
shall not be included in computing the total bonded indebtedness of the
city for the purposes of determining the limitations on bonded indebtedness
provided in K.S.A. 10-308 and amendments thereto.
History: L. 1978, ch. 52, § 2; L. 1982, ch. 57, § 2;
L. 1989, ch. 53, § 1; July 1.
10-310: Computation of valuation for bonded indebtedness limitation
purposes.
The county clerk shall add (1) the taxable value of each motor vehicle, as
shown on the application for registration for the previous year or as
otherwise established in the manner prescribed by K.S.A. 79-5105, and
amendments thereto, and (2) the taxable value of motor vehicles established
in the manner prescribed by K.S.A. 79-1022, and amendments thereto, to the
equalized assessed tangible valuation on the tax roll of each taxing
subdivision in which such motor vehicle has acquired tax situs. The
resulting total shall constitute the equalized assessed tangible valuation
of the taxing subdivision for the computation of limitations upon bonded
indebtedness and for all other purposes except the levying of taxes and the
computation of limitations thereon.
History: L. 1983, ch. 338, § 1;
L. 1985, ch. 61, § 2; July 1.
10-311: Revenue bonds and municipality, defined; revenue bonds excluded
from computation of bonded indebtedness.
(a) "Revenue bonds" mean bonds issued by any municipality
to be paid from the revenue derived from the operation of a publicly owned
utility, instrumentality or facility of a revenue producing character, or
which are not general obligations of the issuing municipality.
(b) "Municipality" means any city, county, municipal or quasimunicipal
corporation or other political subdivision
of the state authorized to issue revenue bonds.
(c) Revenue bonds issued by a municipality shall not be included in
computing the total bonded indebtedness of such municipality for the purpose
of determining the limitations on bonded indebtedness of such municipality.
History: L. 1985, ch. 60, § 1;
L. 1987, ch. 60, § 3; May 28.