19-27a22. Revenue bonds for sewer projects in urban areas. (a) The governing body of any sewer district located in a county designated an urban area under the provisions of K.S.A. 19-3524, and amendments thereto, without an election thereon, may issue revenue bonds to: (1) Acquire property rights in connection with disposal of sewage, either within or outside the state; (2) enlarge main sewers of the district; (3) construct disposal plants; (4) acquire or construct revenue producing improvements for the district; and (5) provide funds to enable the governing body to exercise any of its powers. All revenue bonds issued shall be secured by a pledge of the revenues of the district, including user fees, charges and other revenues, any of which may be pledged to their payment.
(b) Prior to issuing any revenue bonds, the governing body shall adopt a resolution, which shall be recorded in its journal, declaring the acquisition or improvement necessary to be done and authorize issuance of revenue bonds to pay all or part of the costs thereof, including legal, engineering and other special costs. The resolution shall specify the amount of bonds to be issued, the rate of interest thereon, the maturity dates and the purpose for which the proceeds are to be expended. Revenue from the operation of any improvement financed in whole or in part by revenue bonds shall be paid into the treasury of the sewer district and kept in a separate fund to be used only for the purpose of paying the cost of operating and maintaining the improvement, providing an adequate depreciation fund and paying the principal and interest on the revenue bonds issued.
History: L. 1983, ch. 99, ยง 23; July 1.
Structure Kansas Statutes
Chapter 19 - Counties And County Officers
19-27a01 Sewer districts in any county; definitions.
19-27a02 Board of county commissioners serves as governing body of district; powers and duties.
19-27a03 Creation of district by petition; contents; unsanitary conditions.
19-27a03a Inclusion of land located in other benefit districts.
19-27a05 Notice; hearing; district extending into city limits.
19-27a09 Maintenance fund; tax levy; user charges.
19-27a10 Sewage received from other districts; apportionment of cost; assessment among districts.
19-27a11 Costs of combined or enlarged districts; tax levy; installments; bonds.
19-27a13 Joint sewer districts; creation; procedure; inclusion of certain districts; petition.
19-27a14 Enlargement of boundaries upon petition; additional levies.
19-27a15 Annexation of district by a city; district not dissolved.
19-27a16 Alteration of district's boundaries; district served by city-owned sewage system; hearing.
19-27a18 Federal aid for costs; bonds.
19-27a19 Contracts; public bidding required, when.
19-27a20 Unexpended bond proceeds; uses.
19-27a21 Deficits in bond and interest fund; levy authorized.
19-27a22 Revenue bonds for sewer projects in urban areas.
19-27a23 Abnormal delinquency in payment of special assessments; levy authorized.
19-27a25 Additional user charge to pay cost for use of other municipality's treatment plant.
19-27a26 Districts in Sedgwick county; delegation of powers to controller.
19-27a27 Existing districts to operate under 19-27a01 et seq.; exception.