12-5232. Bonds as legal investments. Notwithstanding any other provision of law, bonds issued pursuant to this act shall be legal investments for all trust funds, insurance companies, savings and loan associations, investment companies and banks, both savings and commercial, and shall be legal investments for executors, administrators, trustees and all other fiduciaries. Such bonds shall be legal investments for state school funds and for any funds which may be invested in county, municipal or school district bonds, and such bonds shall be deemed to be securities which may properly and legally be deposited with, and received by, any state or municipal officer or by any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now, or may hereafter, be authorized by law, including deposits to secure public funds.
History: L. 1982, ch. 60, ยง 14; April 22.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
Article 52 - Local Residential Housing
12-5220 Legislative findings; declaration of necessity.
12-5222 Powers of cities and counties.
12-5224 Bonds; adoption of ordinance; interest rate; terms and conditions.
12-5225 Ordinance authorizing issuance of bonds; covenants.
12-5226 Bonds; signatures of officers; validity.
12-5228 Payment of bonds; bonded debt limitations inapplicable.
12-5229 Same; no personal liability.
12-5231 Interlocal cooperation; limitations.
12-5232 Bonds as legal investments.
12-5233 Powers of cities and counties; federally assisted housing.
12-5235 Act liberally construed.
12-5242 Rural housing incentives; definitions.
12-5245 Same; adoption of development or redevelopment plan; contents; hearing, notice.
12-5246 Same; nullification of plan, when.
12-5247 Same; acquisition of property; sale or lease to developer; relocation assistance.
12-5249 Same; bond proceeds; limitations on use.
12-5250 Same; taxation within district; collection and distribution.
12-5252 Same; exemption from certain requirements for certain cities.