12-6a33 Same; sources for payment of costs of project.

KS Stat § 12-6a33 (2018) (N/A)

Copy with citation

Copy as parenthetical citation

12-6a33. Same; sources for payment of costs of project. The cost of all or a portion of any project authorized pursuant to this act shall be paid from all or any of the following sources:

(a) A pledge of special assessments imposed in the district pursuant to this act which have been paid in full prior to the date set aside by the governing body as provided in K.S.A. 12-6a10, and amendments thereto.

(b) A pledge of special assessments imposed in the district pursuant to this act, to be paid in installments.

(c) A pledge of all of the revenue received from the community improvement district sales tax authorized by K.S.A. 2018 Supp. 12-6a31, and amendments thereto.

(d) A pledge of a municipality's full faith and credit to use its ad valorem taxing authority for the repayment of full faith and credit bonds issued pursuant to K.S.A. 2018 Supp. 12-6a36, and amendments thereto.

(e) Any other funds appropriated by the municipality for the purpose of paying project costs including the principal and interest of bonds issued pursuant to this act.

History: L. 2009, ch. 122, § 9; July 1.

Previous Section

12-6a32 ame; suit to set aside assessments or question validity of proceedings or sales tax limited in time; protest petition limited in time.

Next Section

12-6a34 Same; creation of separate fund for each district; moneys credited to such funds and use thereof; use of remaining moneys.