12-17,118. Same; neighborhood revitalization fund; application for tax rebates; impact on state aid to school districts. (a) Following adoption of a plan pursuant to K.S.A. 12-17,117 and amendments thereto, the governing body shall create a neighborhood revitalization fund to finance the redevelopment of designated revitalization areas and dilapidated structures and to provide rebates authorized by this section. Moneys may be budgeted and transferred to such fund from any source which may be lawfully utilized for such purposes. Any municipality may expend money from the general fund of such municipality to accomplish the purposes of this act.
(b) Moneys credited to such fund from annually budgeted transfers shall not be subject to the provisions of K.S.A. 79-2925 through 79-2937, and amendments thereto. In making the budget of the municipality, the amounts credited to, and the amount on hand in, such neighborhood revitalization fund and the amount expended therefrom shall be shown thereon for the information of taxpayers. Moneys in such fund may be invested in accordance with K.S.A. 10-131, and amendments thereto with the interest credited to the fund.
(c) If the governing body determines that money which has been credited to such fund or any part thereof is not needed for the purposes for which so budgeted or transferred, the governing body may transfer such amount not needed to the fund from which it came and such retransfer and expenditure shall be subject to the provisions of K.S.A. 79-2925 through 79-2937, and amendments thereto.
(d) Any increment in ad valorem property taxes levied by the municipality resulting from improvements by a taxpayer to property in a neighborhood revitalization area or to a dilapidated structure may be credited to the fund for the purpose of returning all or a part of the property increment to the taxpayer in the form of a rebate. Applications for rebates shall be submitted in the manner and subject to the conditions provided by the revitalization plan adopted under K.S.A. 12-17,117 and amendments thereto. Upon approval of an application received hereunder the municipality shall rebate all or a part of incremental increases in ad valorem property tax resulting from the improvements. Upon payment of taxes by the taxpayer, the rebate must be made within 30 days after the next distribution date as specified in K.S.A. 12-1678a, and amendments thereto.
(e) No later than November 1 of each year the county clerk of each county shall certify to the state commissioner of education the assessed valuation amount of any school district therein for which tax increment rebates have been made by the school district during the previous year in accordance with an interlocal agreement approved by the board of education of such district under the provisions of K.S.A. 12-17,119 and amendments thereto. The amount of the assessed valuation shall be determined by dividing the total amount of tax increment rebates paid by the district during the preceding 12 months by the total of the ad valorem tax levy rates levied by or on behalf of the district in the previous year. The commissioner of education shall annually deduct the certified amounts of assessed valuation for such rebates from the total assessed valuation of the district in determining the total and per pupil assessed valuations used in the allocation of state aid payments to school districts.
History: L. 1994, ch. 242, § 14; L. 1996, ch. 228, § 11; L. 1997, ch. 97, § 3; July 1.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
Article 17 - Buildings, Structures And Grounds
12-1708 Use of utility building or equipment for governmental purposes.
12-1708a Leasing of certain property for industrial development.
12-1708b Same; resolution; records.
12-1736 Acquisition or construction of public buildings; sites; cooperating governmental units.
12-1739 Same; sale of building, when; disposition of moneys.
12-1739a Bonds and proceedings under 12-1736 et seq. validated.
12-1740 Purpose of act; revenue bonds.
12-1740a Use of eminent domain power.
12-1741 Issuance of revenue bonds by cities; lease-purchase agreements.
12-1743 Same; obligations payable solely from rentals; bonds, requirements.
12-1744 Same; pledge of facility and earnings.
12-1744b Same; findings by state board of tax appeals; filing.
12-1744c Same; certification of issuance and verification by bond counsel.
12-1744d Same; failure to file notice; ouster of members of governing body.
12-1745 Same; amount of revenue bonds.
12-1746 Same; bonds and income therefrom exempt from taxation.
12-1747 Same; revenue bonds defined; recitals.
12-1748 Same; construction of act.
12-1749 Same; act supplemental.
12-1749a Issuance of refunding bonds; conditions and restrictions.
12-1749b Issuance of revenue bonds; certain purposes prohibited.
12-1749c Same; notice to school districts.
12-1749d Same; cost and benefit analysis; hearing.
12-1750 Unsafe or dangerous structures; abandoned property; commercial real estate; definitions.
12-1751 Same; powers of governing body.
12-1752 Same; notice and hearing.
12-1753 Same; findings; resolution; contents; notice.
12-1754 Same; duties of owner after removal of structure.
12-1755 Same; salvage, sale; assessment and collection of costs; procedure.
12-1756 Same; immediate hazard; action to protect public; notice not required; cost.
12-1756b Same; annual report, contents.
12-1756c Same; procedure to obtain possession by owner; hearing.
12-1756d Same; organization's right to redeem.
12-1756e Same; petition for judicial deed; conditions.
12-1756f Organizations interested in rehabilitating abandoned property.
12-1756g Occupation of rehabilitated house by purchaser.
12-1757 Public building commission; authorized; municipal corporation.
12-1758 Same; creation of commission; acquisition of sites and facilities; pledge of revenue.
12-1759 Same; ordinance or resolution specifications.
12-1760 Same; powers of commission.
12-1762 Same; fixing of rates and charges.
12-1763 Same; rental of building space and other facilities; exception.
12-1764 Acquisition of fee title to realty.
12-1764a Transfer of property owned by Topeka public building commission to Shawnee county.
12-1766 Same; use of certain building levy to prepay rent.
12-1767 Same; revenue bonds issued by a city; resolution; protest petition; election.
12-1767b Same; revenue bonds issued by a county; resolution; protest petition; election.
12-1768 Same; invalidity of part.
12-1774a Default; payment from public funds, when.
12-1775a Tax increment financing revenue replacement fund created; transfers, calculation of amount.
12-1776a School districts; base year assessed valuation.
12-1777 Relocation assistance plan.
12-1778 Object of taxes levied within redevelopment district.
12-1779 Issuance of industrial revenue bonds in redevelopment district.
12-1780g Application of act, by ordinance.
12-1782 Business improvement districts; definitions.
12-1783 Same; authorization; purpose.
12-1785 Same; appointment of planning committee; report.
12-1787 Same; notice; hearing.
12-1788 Same; creation of district by ordinance.
12-1789 Same; protest petition to repeal ordinance; dissolution of district.
12-1790 Same; advisory board; duties.
12-1791 Same; levy of service fees; classification of businesses; factors to consider.
12-1793 Same; modification of included area; notice, hearing.
12-1795 Self-supported municipal improvement district; definitions.
12-1798 Same; amendment to ordinance; effect; protest petition.
12-1799 Same; dissolution of district, when; withdrawal of dissolution, when.
12-17,101a Same; hearing required before contract let or improvement authorized; notice.
12-17,102 Same; advisory board; report; consultation with planning commission; tax levy.
12-17,104 Same; acquisition of property by gift, purchase, exchange or eminent domain; procedure.
12-17,105 Same; establishment of funds.
12-17,114 Neighborhood revitalization; title of act.
12-17,116 Same; designation of revitalization area; findings.
12-17,117 Same; revitalization plan, contents; notice and hearing.
12-17,119 Same; interlocal agreements.
12-17,120 Same; act not exclusive authority for revitalization.
12-17,121 Downtown redevelopment act; purpose; citation of act.
12-17,124 Same; application of real property owners for tax benefits; approval or denial, criteria.
12-17,140 Transportation development district act; citation.
12-17,142 Same; creation of district; petition; procedure.
12-17,143 Same; special assessments, procedure; act not exclusive authority.
12-17,144 Same; notice; public hearing; governing body's action.
12-17,145 Same; sales tax; director of taxation, duties.
12-17,146 Same; limitations on suits challenging actions under act.
12-17,147 Same; methods of financing.
12-17,147a Same; costs of project, how paid.
12-17,148 Same; fund of the district.
12-17,149 Same; bonds; loans from the transportation revolving fund.
12-17,150 Same; secretary of revenue, duties; report.
12-17,151 Same; application to existing districts.
12-17,152 Public improvement districts; creation.
12-17,155 Same; issuance and sale of general obligation bonds; election.
12-17,160 Purpose of act; issuance of sales tax and revenue bonds.
12-17,163 City or county may designate building as historic theater.
12-17,165 Procedure for establishing STAR bond project district; hearings; notice; limitations.
12-17,167 Approval of secretary; limitations; interest rate of bond issue.
12-17,170 Default; payment from public funds, when.
12-17,173 Relocation assistance plan.
12-17,175 Certain STAR bond projects; limitation on authorized issuance of bonds; interest rate.
12-17,179 Application of act, by ordinance; expiration of act.