12-1666. Same; no-fund warrants; authorization for issuance; interest; conditions; form; issuance and sale; redemption; notice. The governing body of a public agency shall authorize each issue of no-fund warrants by resolution which states the amount to be covered by the warrants, the denomination of each warrant and rate of interest. No-fund warrants shall bear interest at a rate not exceeding the maximum rate of interest prescribed by K.S.A. 10-1009, and amendments thereto, mature when the federal aid is available, the total amount not to exceed in the aggregate the amount of money to be received as federal aid as shown by the commitment of the federal agency, shall be payable to the order of a payee, be payable at the office of the treasurer of the public agency, identify the commitment for federal aid and state that the no-fund warrant is payable therefrom and that, if the federal aid fails, payment will be made from tax funds available for the local program, and if none, a refunding no-fund warrant will be issued payable by not more than four annual tax levies for the purpose, or in the case of revenue producing facilities, from revenue of the facility. Such no-fund warrants shall be in substantially the following form:
(NAME OF PUBLIC AGENCY)No-fund Warrant Anticipating Federal Aid Local Program Relating to ______________
No. ______________ ______________, 19__ To the ______________ Treasurer, _________________, Kansas
Pay to the order of ______________, the sum of __________ dollars ($ ) upon receipt of county, city or federal funds for __________, with interest thereon at the rate of __ percent ( %) per annum from the date hereof until paid but for not longer than 30 days after notice of call for redemption is published in ______________.
This warrant is one of a series issued under authority of K.S.A. 12-1662 et seq., and amendments thereto, and authorized by and issued under resolution, dated ______________, in anticipation of federal aid according to (identify documents committing the federal agency to aid for the program).
If for any reason the anticipated federal aid or any part thereof fails, this warrant shall be paid from current tax funds available for the project, but if no tax funds are available, a refunding no-fund warrant will be issued, the principal and interest of which shall be paid by a tax levied for the purpose.
If the no-fund warrant is for a revenue producing facility, the recital shall read: If for any reason the anticipated federal aid or any part thereof fails, this warrant and the interest thereon shall be paid from revenue of the facility.
(Officer of public agency having authority to sign warrants)
Attest: ________________________
(Clerk or Secretary)
(Seal if public agency has seal)
Countersigned and recorded:
___________________ (Treasurer)
No-fund warrants issued hereunder may be issued to individual claimants for services rendered or materials furnished or may be sold at not less than par and accrued interest at private sale, be made payable to the order of the purchaser and the proceeds placed in the fund from which the local program is being financed. Such no-fund warrants and any refunding no-fund warrants shall be registered by the clerk or secretary and by the treasurer of the public agency. Interest shall be payable when due out of appropriate current funds or the general fund or bond or usual temporary note proceeds of the public agency and interest shall be included as a part of the public agency's share of the cost of the local program. When money is available to pay such warrants, the treasurer of the public agency shall publish in the official newspaper of the city, and of other public agencies in the official county newspaper, a call for redemption describing the warrants called and stating that money is available and that interest will cease 30 days after the publication of the call. The treasurer also shall notify by mail the payee of each warrant or the later owner if the treasurer has been notified of change of ownership and the name of the new owner.
History: L. 1967, ch. 422, § 5; L. 1970, ch. 64, § 14; L. 1978, ch. 64, § 4; L. 1980, ch. 67, § 4; L. 1983, ch. 49, § 49; May 12.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
Article 16 - Miscellaneous Provisions
12-1608 Quarterly report by treasurer.
12-1610a Kansas Government Journal subscriptions.
12-1610b Same; compilation of information.
12-1610c League of Kansas municipalities; annual dues, expenses of attending meetings.
12-1610e Same; membership in, when; instrumentality; powers; act supplemental.
12-1610f Same; city delegates; powers and duties.
12-1613 Property of dormant cities.
12-1614 Same; election of officers; delivery of property to mayor.
12-1616b Same; approval of plans by chief engineer before bonds issued.
12-1617 Farm and aquaculture products; peddler's license or permit; fee.
12-1617a Delegates to firemen's association and school.
12-1617c Dissolution of certain inoperative sewer districts located wholly within cities.
12-1617d Dissolution of certain inoperative cemetery districts located wholly within cities.
12-1617f Weeds, removal or destruction; assessment and collection of costs; notice; procedure.
12-1617g Ordinances on nuisances.
12-1634 Same; cities in counties over 90,000; regulation of speed; bond issue.
12-1651 Official newspaper in cities of second and third classes; qualifications.
12-1654 Oil and gas leases; moneys to general fund.
12-1655 Same; validation of prior leases.
12-1658 Historical collections; housing and display.
12-1659 Same; supervisor or curator; compensation.
12-1660 Same; historical society as supervisor or curator, when; compensation.
12-1661 Same; tax levy, use of proceeds.
12-1662 Federal aid to public agencies; definitions.
12-1665 Same; temporary notes; refunding notes; sale or exchange.
12-1667 Same; tax levies; outside aggregate limits.
12-1668 Same; act not exclusive.
12-1670 Same; approval or disapproval; resubmission, when.
12-1671 Certain investments; exception to cash-basis law.
12-1672 Certain investments; exception to budget law.
12-1674 Same; special services fund; use; no-fund warrants.
12-1676 Inapplicability of act to certain moneys; rates.
12-1676a Weekly advisory memorandum as to rates of interest to county treasurers.
12-1677a Municipal investment pool fund; investments; requirements; rules and regulations.
12-1677d Municipally established foundations; investment of funds.
12-1677f Investment of public funds by governmental entities; reinvestment of matured funds.
12-1680b Same; resolution; publication; petition.
12-1680c Same; special election upon protest.
12-1681 Community historical museums authorized; property and employees.
12-1683 Conduct of activities of museums; acceptance of gifts.
12-1684 Petition for establishment; election; tax levies.
12-1685 Same; filing of petition; joint meeting; notice of receipt and meeting.
12-1687 Membership of museum commissions; terms; officers; powers.
12-1688 Community historical museums; tax levies; increases, election.
12-1690 Same; supervisor and curator; appointment and compensation; duties.
12-1691 Same; acceptance of gifts and articles of historical value.
12-1692 Promotion of tourism and conventions; definitions.
12-1694b Same; interest and penalties for failure to pay or untimely payment of transient guest tax.
12-1695 Convention and tourism committee; appointment; terms; contracts for programs.
12-1696 Promotion of tourism and conventions; definitions.
12-1698a Same; interest and penalties for failure to pay or untimely payment of transient guest tax.
12-1699 Same; levy of tax prohibited, when.
12-16,100 Same; transient guest tax refund fund.
12-16,101 Convention and tourism committee; appointment; terms; contracts and programs.
12-16,103 Acquisition of fee title to realty; sale of realty; record.
12-16,104 Release of easement; notice; fee.
12-16,105 Use of property no longer needed for school building in McPherson, Kansas.
12-16,106 Human relations commission; enforcement and review of orders.
12-16,107 Same; enforcement of subpoenas.
12-16,108 State grants or loans to municipalities; definitions.
12-16,109 Same; authority to borrow money for temporary financing of service or improvement.
12-16,110 Same; general obligation of municipality; excluded from debt limit.
12-16,111 Same; not subject to budget limitations.
12-16,112 Same; amount of bonds, if issued.
12-16,113 Accounting required of expenditures of transient guest tax moneys.
12-16,114 Housing trust funds; purpose; funding of; administration.
12-16,115 Imitation firearms; civil penalty for sale, manufacture or distribution.
12-16,116 Transfer of title to public streets, avenues, alleys or lanes; cities in Crawford county.
12-16,118 Transfer of certain money and royalty interest to city of Oxford; procedure.
12-16,119 Booking or processing fee; disbursement; fee limitation.
12-16,121 Paving materials provided by cities and counties; limitations.
12-16,122 Paving materials; mining and manufacturing for use by cities and counties; limitations.
12-16,123 Cities and counties prohibited from requiring lists of tenants; exceptions.
12-16,124 Firearms and ammunition; regulation by city or county, limitations.
12-16,124a Same; limitation on liability of municipality.
12-16,124b Same; prohibiting use of tax proceeds for firearms buyback programs.
12-16,126 Kansas emergency communications preservation act.
12-16,128 Mayoral appointments; governing body approval; time limits; other requirements.
12-16,129 Accident response service fee prohibited.
12-16,132 Cities; certain ordinances void as against public policy.
12-16,134 Knives and knife making components; regulation by municipality, limitations.
12-16,136 Regulating consumer incentive items and nutrition labeling of food; definitions.