74-8965. Same; no pledge of state's full faith and credit or taxing power; obligations on bonds not considered a debt. Neither the state nor the department of administration shall have the power to pledge the full faith and credit or taxing power of the state for debt service on any bonds issued pursuant to K.S.A. 74-8963, and amendments thereto, and any payment by the department for such purpose shall be subject to and dependent on appropriations by the legislature. Any obligation of the state or the department for payment of debt service on bonds issued pursuant to K.S.A. 74-8963, and amendments thereto, shall not be considered a debt or obligation of the state for the purpose of section 6 of article 11 of the Kansas constitution.
History: L. 2008, ch. 27, ยง 3; 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