68-2323. Use of proceeds from bonds. The secretary is hereby authorized and empowered to use the proceeds of any bonds herein authorized, together with any other available funds, for paying the costs relating to construction, reconstruction, maintenance and improvement of highways in this state and expenses incidental thereto and for paying expenses of authorizing and issuing the bonds, for paying the interest on the bonds until revenues therefor are available in sufficient amounts, for purchasing bond insurance and other credit enhancements on the bonds, and for funding such reserves as the secretary deems necessary and desirable.
History: L. 1989, ch. 209, ยง 10; July 1.
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.