12-5809. Same; 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. 2008, ch. 85, ยง 9; July 1.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
Article 58 - De Soto/johnson County Riverfront Authority
12-5801 De Soto/Johnson county riverfront authority act; citation; severability.
12-5803 Same; authority created; purpose.
12-5805 Same; planning and design of riverfront; general powers.
12-5806 Same; acquisition of property.
12-5807 Same; equipment; purchase, agreements and leases.
12-5808 Same; application for and acceptance of grants.
12-5809 Same; investment of funds.
12-5811 Same; governing board; appointment; terms; officers; meetings; procedure.
12-5812 Same; secretary and treasurer; requirements; monetary transactions.
12-5813 Same; general manager and other personnel.
12-5814 Same; rules and regulations.
12-5815 Same; fiscal year; budget; annual report and financial statement.