80-2519. Same; no-fund warrants; procedure; election; limitation. (a) During any budget year, the board of any hospital is hereby authorized to issue no-fund warrants for the purpose of raising money for financing any insufficiency in the operation and maintenance budget of the hospital during such year and is hereby authorized to expend such money for such purposes. In no case shall the amount of no-fund warrants issued under this section exceed the amount deemed necessary for such purposes. Warrants issued under this section shall be issued, registered, redeemed and shall bear interest in the manner and be in the form prescribed by K.S.A. 79-2940 and amendments thereto.
Prior to the issuance of any no-fund warrants under the authority of this section, the board shall cause to be published once in a newspaper of general circulation within the taxing district of the hospital a notice of the intention of the board to issue such no-fund warrants. If within 60 days after the publication of such notice, a petition requesting an election on the question of the issuance of the no-fund warrants signed by not less than 5% of the qualified electors residing within the taxing district is filed with the county election officer of the county in which the greater portion of the taxing district of the hospital is located, the board shall be required to submit the question of the issuance of such no-fund warrants at an election held under the provisions of the general bond law.
(b) Whenever no-fund warrants are issued under the authority of this section, the board each year shall make a tax levy, in addition to the tax levy authorized under K.S.A. 80-2516, sufficient to pay not less than 25% of the total amount of the warrants issued under this section and the interest thereon until all of the warrants and the interest thereon has been paid. If there is money available from the operation of the hospital over and above the amount needed for the adopted budget, such money shall be used to pay for such warrants and the interest thereon, and the tax levy shall be only the difference, if any, between the money available to pay for such warrants and the interest thereon each year and the amount of the warrants and interest thereon to be paid each year.
History: L. 1984, ch. 374, ยง 19; July 1.
Structure Kansas Statutes
Chapter 80 - Townships And Township Officers
Article 25 - Hospitals And Health Care Facilities
80-2502 Existing hospitals and districts governed by act; exceptions.
80-2504 Same; hospital board; election; notice; term; annual meeting.
80-2505 Same; transfer of hospital, property and funds to district.
80-2507 Same; selection of members of board of existing hospital.
80-2508 Methods to select members of board; terms; qualifications; filing fees; ballots.
80-2509 Same; hospital board; oath; organization; treasurer's bond; meetings; records and reports.
80-2510 Same; hospital board; compensation; expenses.
80-2512 Same; annual meeting of electors of district; notice.
80-2513 Same; bonds; election; use of proceeds; debt limitation.
80-2514 Same; construction projects; bids.
80-2515 Same; construction projects; architect; contracts; bids.
80-2517 Same; lease of hospital property; contracts for management of hospital; authority to sue.
80-2519 Same; no-fund warrants; procedure; election; limitation.
80-2520 Same; sale of hospital property; procedures; financing for construction authorized, when.
80-2521 Same; title to property.
80-2522 Same; attachment of territory to district; procedure; petition.
80-2523 Same; attachment of territory located in another district.
80-2524 Same; disorganization of hospital, when.
80-2525 Revenue bonds; procedure to issue; petition; election.
80-2526 Same; revenue bonds; pledge of certain revenues.
80-2527 Same; revenue bonds; not an indebtedness of hospital; exempt from debt limit.
80-2528 Same; revenue bonds; negotiability; interest rate; terms.
80-2529 Same; revenue bonds; covenants and agreements.
80-2530 Same; revenue bonds; deposit of proceeds.
80-2531 Same; revenue bonds; tax exemptions.
80-2532 Same; revenue bonds; investment of proceeds.
80-2549 Attica hospital district no. 1; election on bonds validated.
80-2551 Health care facilities and services hospital districts; existence continued under act.
80-2553 Provisions of act supplemental to general hospital laws.
80-2556 Formation of certain hospital districts in Linn County.