72-53,115. Capital outlay fund. There is hereby established in every school district of the state a fund which shall be called the capital outlay fund. The capital outlay fund shall consist of all moneys deposited therein or transferred thereto in accordance with law. The proceeds of any tax levied under article 53 of chapter 72 of [the] Kansas Statutes Annotated, and amendments thereto, shall be deposited in the capital outlay fund of the school district making such levy, except for an amount to pay a portion of the principal and interest on bonds issued by cities under the authority of K.S.A. 12-1774, and amendments thereto, for the financing of redevelopment projects upon property located within the school district, with respect to any redevelopment district established prior to July 1, 2017, pursuant to K.S.A. 12-1771, and amendments thereto.
History: L. 1969, ch. 353, § 3; L. 1979, ch. 52, § 185; L. 1991, ch. 229, § 7; L. 2017, ch. 95, § 90; July 1.
Structure Kansas Statutes
Article 53 - Capital Outlay State Aid
72-53,115 Capital outlay fund.
72-53,116 Capital outlay fund; use of moneys; investments authorized.
72-53,117 Authorization to issue bonds in lieu of tax levy; limitations.
72-53,118 Bonds outside debt limit.
72-53,119 Refraining from making authorized levy; effect.
72-53,120 Additional levy authorizations.
72-53,121 New authorization of levy.
72-53,122 New bond authorization when new levy authorized.
72-53,123 Validity of certain tax levies and bonds not affected.
72-53,124 Conflict with other laws, effect.
72-53,125 Construction of act; effect on certain resolutions.