13-14b14. Investment of special improvement funds. The board of trustees of a hospital of any city of the first class is hereby authorized and empowered to invest any portion of any special improvement fund created under the provisions of K.S.A. 13-14b12, and any acts amendatory thereof or supplemental thereto, in investments authorized by K.S.A. 12-1675, and amendments thereto, in the manner prescribed therein, or in direct obligations of the United States government, which mature or are redeemable without loss of principal within one year of date of purchase, the principal and interest whereof are guaranteed by the government of the United States. All interest received on any such investment shall upon receipt thereof be placed in the special improvement fund authorized by K.S.A. 13-14b12.
History: L. 1951, ch. 161, § 1; L. 1977, ch. 54, § 15; July 1.
Structure Kansas Statutes
Chapter 13 - Cities Of The First Class
13-14b01 Acquisition of site, building and equipment; bond election; issuance of bonds.
13-14b02 Same; board of trustees authorized; lease or rental.
13-14b03 Same; federal aid and donations or gifts.
13-14b05 Same; eminent domain.
13-14b06 Same; plans for hospital buildings.
13-14b07 Same; training school for nurses.
13-14b08 Same; additional bonds; election; limitation laws inapplicable.
13-14b09 Management of hospital by board of trustees; membership; appointment; terms; vacancies.
13-14b10 Same; oath of trustees; officers; bond of treasurer.
13-14b12 Creation of board of trustees; tax levy, use of proceeds; special improvement fund.
13-14b13 Hospital maintenance and operation; emergency warrants.
13-14b14 Investment of special improvement funds.
13-14b15 Bonds for addition to hospital and improvements; election, when.