72-1433. Sale of building with bonds outstanding; disposition of proceeds of sale of school property. In the event that any unified school district shall sell or shall have sold or in any manner conveyed title to a school building to the United States government, to the state or any political subdivision thereof, or to any other purchaser, which building shall have been constructed from the proceeds of a bond issue which shall not have been fully retired at the time of the sale of said building, the board of education of such unified school district is hereby authorized to establish a bond retirement fund from the proceeds of such sale which fund shall be separate and distinct from any other bond funds of such district, and to pay the remaining principal and interest on such bonds as they become due and payable, and to make such other payments and transfers as are specifically authorized by this act.
History: L. 1968, ch. 65, § 1; L. 1969, ch. 354, § 1; July 1.
Structure Kansas Statutes
Article 14 - Provisions Relating To The Use Of School District Property
72-1416 Control of school property; library services.
72-1417 Same; library services and facilities, agreements.
72-1418 Unified school districts operating public libraries.
72-1419 U.S.D. No. 500, Kansas City; power to establish and maintain public library.
72-1422 Recreation grounds and playgrounds; cooperation with cities.
72-1431 School buildings, closing; procedure.
72-1432 Vocational education building programs; sale of property authorized.
72-1433 Sale of building with bonds outstanding; disposition of proceeds of sale of school property.
72-1434 Same; prepayment of bonds.
72-1435 Same; investment of bond retirement fund.
72-1436 Same; transfers from bond retirement fund to capital outlay fund.