74-8940. Bonds for pollution control devices at certain electric generation facilities. (a) For the purpose of financing the construction, purchase and installation of pollution control devices at electric generation facilities and additions to electric generation facilities described in subsection (e) of K.S.A. 66-104, and amendments thereto, the Kansas development finance authority is hereby authorized to issue revenue bonds in amounts sufficient to pay the costs of such construction, purchase and installation, including any required interest on the bonds during construction and installation, plus all amounts required for the costs of bond issuance and any required reserves on the bonds. The bonds, and interest thereon, issued pursuant to this section shall be payable from revenues derived from sales of generation from the electric generation facility. As used in this subsection, "pollution control devices" means any device or structure required to meet air emission or water discharge standards imposed by state or federal law.
(b) The provisions of subsection (a) of K.S.A. 74-8905, and amendments thereto, shall not prohibit the issuance of bonds by the Kansas development finance authority for the purposes of this section and any such issuance of bonds is exempt from the provisions of subsection (a) of K.S.A. 74-8905, and amendments thereto, which would operate to preclude such issuance.
(c) Revenue bonds, including refunding revenue bonds, issued hereunder shall not constitute an indebtedness of the state of Kansas, nor shall they constitute indebtedness within the meaning of any constitutional or statutory provision limiting the incurring of indebtedness.
(d) Revenue bonds, including refunding revenue bonds, issued hereunder and the income derived therefrom are and shall be exempt from all state, county and municipal taxation in the state of Kansas, except Kansas estate taxes.
History: L. 2001, ch. 206, ยง 4; July 1.
Structure Kansas Statutes
Chapter 74 - State Boards, Commissions And Authorities
Article 89 - Development Finance Authority
74-8904 Same; general powers of authority.
74-8908 Bonds and interest exempt from taxation.
74-8909 Pledges of authority valid and binding.
74-8910 Exemption from liability of director, officers and employees of authority.
74-8911 Special funds or accounts authorized.
74-8912 Refunding bonds authorized; disposition of proceeds; manner of sale and security.
74-8913 Reports of authority to governor and legislature, when; contents.
74-8914 Services to authority by state agencies and officers.
74-8915 Financial interest in contracts and agreements of authority prohibited.
74-8918 Bonds for loans to public water supply systems.
74-8919 Repayment of amounts advanced from state general fund; deferral provided.
74-8923 Same; use of bond proceeds and funds from other authorized sources.
74-8924 Same; sources of revenue to finance the bonds.
74-8927 Same; remittal of pledged revenues; credit to redevelopment bond fund; distribution.
74-8928 Same; agreements to implement redevelopment projects.
74-8930 Same; reimbursement of Wyandotte county; secretary of commerce certification of expenses.
74-8936 Bonds for a multi-sport athletic complex; definitions; procedures; feasibility study.
74-8937 Same; pledgeable revenues; limitations.
74-8938 Same; collection and remittance of state and local sales tax proceeds.
74-8939 Bonds for certain electric generation facilities.
74-8940 Bonds for pollution control devices at certain electric generation facilities.
74-8942 Bonds for tire manufacturers; definitions.
74-8943 Same; authority of Kansas development finance authority to issue; terms and conditions.
74-8944 Same; authorities and duties of secretary of commerce; contracts.
74-8945 Same; disallowance of certain income tax credits.
74-8946 Bonds for electric transmission facilities.
74-8947 Financing for certain integrated coal gasification power plants.
74-8948 Financing for certain refineries.
74-8949 Financing for certain crude oil or natural gas pipelines.
74-8949a Financing for certain integrated coal or coke gasification nitrogen fertilizer plants.
74-8949b Financing for certain biomass-to-energy plants.
74-8949c Financing for certain renewable electric cogeneration facilities.
74-8949d Financing for certain waste heat utilization systems at electric generation facilities.
74-8949e Financing of renewable generators used by certain community colleges.
74-8950 Division of housing established; director, appointment.
74-8955 Rights preserved in legal actions and proceedings.
74-8956 Same; transfer of officers and employees; rights and benefits preserved.
74-8958 Official state agency for purposes of federal acts and programs.
74-8960 Financing for certain energy conservation measures.
74-8962 Wilson county capital improvements fund; administration; deposits and expenditures.
74-8964 Same; pledge and covenant by the state