13-3112. Same; payment of bonds; pledges. Any such bonds shall be payable solely and only from a pledge of the net income derived by the municipality from the transit system financed with the proceeds of such bonds and other transit facilities not so financed, but any such city may also pledge to levy an ad valorem tax of not to exceed two (2) mills and to employ such tax for so long as any such bonds remain outstanding and unpaid. Any such city may also provide that contributions, grants, or other financial assistance from the state or federal governments or any other source shall be employed in the operation of the transit system so long as any such bonds remain outstanding.
History: L. 1965, ch. 123, § 12; L. 1975, ch. 111, § 1; L. 1975, ch. 112, § 1; July 1.
Structure Kansas Statutes
Chapter 13 - Cities Of The First Class
Article 31 - Public Transportation
13-3102 Same; exercise of authority by city.
13-3104 Same; powers to conduct system.
13-3105 Same; extension of system outside city.
13-3106 Same; leasing provisions.
13-3108 Same; costs; tax levy, use of proceeds.
13-3109 Same; agreements with federal government.
13-3110 Same; extension of service outside county; approval of corporation commission.
13-3111 Same; issuance of revenue bonds; refunding bonds.
13-3112 Same; payment of bonds; pledges.
13-3113 Same; issuance of bonds.
13-3114 Same; tax exemptions for bonds.
13-3115 Same; certain laws inapplicable to operation of system.