72-1435. Same; investment of bond retirement fund. The board of education is hereby authorized to invest such fund in accordance with K.S.A. 10-131 or in direct obligations of the United States government, maturing no later than one year from the date of purchase or to deposit such fund in time deposits in a bank or banks situated within the state of Kansas, and such board shall exercise due care and diligence to the end that sufficient funds will be on hand to make all payments of principal and interest on such bonds as such payments become due and payable.
History: L. 1968, ch. 65, § 3; L. 1977, ch. 54, § 37; 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.