68-2310. Same; bonds deemed securities; acquisition and deposit. Bonds issued by the secretary of transportation under the provisions of this act are hereby made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, savings and loan associations, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or other obligations of the state is now or may hereafter be authorized by law.
History: L. 1972, ch. 252, § 9; L. 1975, ch. 427, § 232; Aug. 15.
Structure Kansas Statutes
Chapter 68 - Roads And Bridges
Article 23 - Express Highways And Freeways
68-2303 Same; powers of secretary of transportation.
68-2308 Same; rights of bondholders.
68-2309 Same; interest and income from bonds exempt from taxation, exception.
68-2310 Same; bonds deemed securities; acquisition and deposit.
68-2314b Transportation works for Kansas program; projects; programs.
68-2316 Minimum expenditure for transportation projects or programs in each county.
68-2317 Highway contracts; providing for prevailing wages.
68-2319 Highway program; bonds; definitions.
68-2320 Powers of secretary of transportation; issuance of bonds; limitations.
68-2322 Sale of bonds; no debt incurred nor faith and credit of state pledged by issuance of bonds.
68-2323 Use of proceeds from bonds.
68-2327 Authority to establish special accounts by secretary of transportation.
68-2328 Authority to issue refunding bonds; refunding freeway bonds.
68-2329 Liberal construction of 68-2319 through 68-2328.