12-5709. Investment of funds. The authority shall have power to invest and reinvest any funds held in reserve or sinking funds not required for immediate disbursement, in investments authorized by K.S.A. 12-1675, and amendments thereto, in the manner prescribed therein or in bonds or notes of the United States, bonds of the state of Kansas or bonds of any county, unified school district or city of the first class in which said authority is operating a system or in bonds or certificates of the authority at not to exceed their par value or their call price and to sell these securities whenever the funds are needed for disbursement. Such investment or reinvestment of any funds shall not be in conflict with any provisions of any trust agreement securing the payment of bonds or certificates of the authority.
History: L. 2007, ch. 120, ยง 9; July 1.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
Article 57 - Fort Scott/bourbon County Riverfront Authority
12-5703 Authority created; purpose.
12-5705 Planning and design of riverfront; general powers.
12-5706 Acquisition of property.
12-5707 Equipment; purchase, agreements and leases.
12-5708 Application for and acceptance of grants.
12-5711 Governing board; appointment; terms; officers; meetings; procedure.
12-5712 Secretary and treasurer; requirements; monetary transactions.
12-5713 General manager and other personnel.
12-5714 Rules and regulations.
12-5715 Fiscal year; budget; annual report and financial statement.