12-17,164. Establishment of STAR bond projects by city or county; approval of secretary; limitations; administrative fees; recovery of certain costs. (a) The governing body of a city may establish one or more STAR bond projects in any area within such city or wholly outside the boundaries of such city. A STAR bond project wholly outside the boundaries of such city must be approved by the board of county commissioners by the passage of a county resolution.
The governing body of a county may establish one or more STAR bond projects in any unincorporated area of the county.
The projects shall be eligible for financing by special obligation bonds payable from revenues described by K.S.A. 2021 Supp. 12-17,169(a)(1), and amendments thereto.
(b) Each STAR bond project shall first be approved by the secretary, if the secretary determines that the proposed project or complex sufficiently promotes, stimulates and develops the general and economic welfare of the state as described in K.S.A. 2021 Supp. 12-17,160, and amendments thereto. The secretary, upon approving the project, may approve such financing in an amount not to exceed 50% of the total costs including all project costs and any other costs related to the project. The proceeds of such STAR bond financing may only be used to pay for incurred project costs.
(c) For a city proposing to finance a major motorsports complex pursuant to K.S.A. 2021 Supp. 12-17,169(a)(1)(C) or (a)(1)(E), and amendments thereto, the secretary, upon approving the project, may approve such financing in an amount not to exceed 50% of the STAR bond project costs.
(d) The secretary may approve a STAR bond project located in a STAR bond project district established by a city prior to May 1, 2003.
(e) A project shall not be granted to any business that proposes to relocate its business from another area of the state into such city or county, for the purpose of consideration for a STAR bond project provided by K.S.A. 2021 Supp. 12-17,160 et seq., and amendments thereto.
(f) A project shall not be approved by the secretary if the market study required by K.S.A. 2021 Supp. 12-17,166, and amendments thereto, indicates a substantial negative impact upon businesses in the project or complex market area or the granting of such project or complex would cause a default in the payment of any outstanding special obligation bond payable from revenues authorized pursuant to K.S.A. 2021 Supp. 12-17,169(a)(1), and amendments thereto.
(g) The maximum maturity of special obligation bonds payable primarily from revenues described by K.S.A. 2021 Supp. 12-17,169(a)(1), and amendments thereto, to finance STAR bond projects pursuant to this section shall not exceed 20 years.
(h) The secretary shall not approve any application for STAR bond project financing which is submitted by a city or county more than one year after the STAR bond project district in which the STAR bond project is located has been established.
(i) For the purpose of recovering the costs of the secretary and the department arising from fulfilling administrative, review, approval, oversight and other responsibilities under the STAR bonds financing act and from providing assistance to cities, counties and private businesses in relation to STAR bond projects, the secretary may assess an administrative fee of up to 1%, not to exceed $200,000, of the amount of the special obligation bonds payable from revenues described by K.S.A. 2021 Supp. 12-17,169(a)(1), and amendments thereto, issued or reissued for STAR bond projects. The secretary may also recover any actual costs incurred by the secretary in excess of the fee. The fee, and any actual costs incurred by the secretary in excess of the fee, shall be paid to the secretary from the proceeds of such bonds. All such moneys received by the secretary shall be remitted to the state treasurer in accordance with the provisions of K.S.A. 75-4215, and amendments thereto. Upon receipt of each such remittance, the state treasurer shall deposit the entire amount in the state treasury to the credit of the STAR bond administrative fee fund, which is hereby created in the state treasury. All expenditures from the STAR bond administrative fee fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the secretary or a person or persons designated by the secretary.
History: L. 2007, ch. 179, § 5; L. 2016, ch. 109, § 2; 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.