12-3803. Same; issuance of bonds authorized; not subject to bonded debt limitations. Every local unit of general government is, except as otherwise hereinafter provided, hereby authorized to issue industrial development bonds in the manner and subject to the conditions prescribed by the provisions of this act. Industrial development bonds issued under the provisions of this act shall not be within or be subject to any bonded debt limitation prescribed by any other law of this state.
History: L. 1974, ch. 49, ยง 3: July 1.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
Article 38 - Industrial And Economic Development
12-3801 Industrial development bonds by cities and counties; legislative declaration.
12-3803 Same; issuance of bonds authorized; not subject to bonded debt limitations.
12-3804 Same; findings required by governing bodies before issuance.