71-1307. Bond debt assumption or retention upon consolidation. Upon the consolidation of community college districts the consolidated community college district shall assume and agree to pay all of the bonded indebtedness of the former community college districts of which it is comprised, unless the agreement to consolidate provides otherwise as hereinafter provided. Any consolidation agreement entered into under authority of article 13 of chapter 71 of Kansas Statutes Annotated may provide that in lieu of the consolidated community college district assuming the bonded indebtedness, such indebtedness shall remain a charge upon the territory of the community college districts being disorganized. If such agreement provides for bonded indebtedness to remain a charge upon the territory of the community college districts being disorganized, the provisions of K.S.A. 10-119 shall apply with the date of the disorganization of such community college districts being the date to be used in making such application.
History: L. 1968, ch. 77, § 7; L. 1980, ch. 207, § 68; July 1.
Structure Kansas Statutes
Chapter 71 - Schools - Community Colleges
Article 13 - Consolidation Of Community Colleges
71-1301 Authorization to agree to consolidate.
71-1302 Agreement to consolidate; content.
71-1303 Same; state board approval of agreements.
71-1304 Election for approval of consolidation.
71-1305 Same; certification of election results; state board's order of establishment.
71-1306 Election of board of trustees after consolidation approved.
71-1307 Bond debt assumption or retention upon consolidation.