Kansas Statutes

Chapter 10.—BONDS AND WARRANTS

• Article 1.—GENERAL BOND LAW
  • 10-101 "Municipality" defined.
  • 10-102 "Municipal bonds" defined.
  • 10-103 Terms and denominations of municipal bonds.
  • 10-103a Repealed.
  • 10-104 Limitations on improvement bonds; partial issuance, when.
  • 10-105 Signing and execution of bonds by municipal officers and boards of trustees of community colleges; interest coupons.
  • 10-105a, 10-105b Repealed.
  • 10-106 Sale of bonds; public sale, requirements; when; notice; bids.
  • 10-107 Registration of bonds.
  • 10-108 Transcript of proceedings and bonds to state treasurer; fee for registration or certification; bond services fee fund; transmission to attorney general to determine sufficiency; return of bonds to municipality.
  • 10-108a Nonlitigation certificate; incorporation in transcript; form.
  • 10-108b Same; notice of pending or threatened lawsuit, effect.
  • 10-108c Same; municipality prevailing in lawsuit authorized to issue bonds unless stay granted.
  • 10-108d Nonlitigation certificate, exception; payment of bonds if city not legally organized.
  • 10-109 Filing statement of issuance with state treasurer.
  • 10-110 Updating bond register by state treasurer; reports of outstanding debt; records of cancellations; unlawful acts; penalty.
  • 10-111 Cancellation of bond or coupon; return or destruction; payments from fiscal agency fund; record requirements; bond register entry.
  • 10-112 Bonds required to be printed; recitals.
  • 10-113 Levies for sinking fund; penalty for failure to make.
  • 10-114 Special assessments for city improvements; apportionment; ordinance.
  • 10-114a Unanticipated additional interest on temporary notes for city improvements; assessments against city at large.
  • 10-115 Payment of special assessments.
  • 10-116 Repealed.
  • 10-116a Refunding of revenue bonds and interest thereon; limitations; investment of certain bond proceeds.
  • 10-117 Unlawful issue, diversion or misuse of bond proceeds or tax funds; penalties.
  • 10-117a Transfer of unexpended balance in bond and interest fund.
  • 10-118 Sinking fund levy to pay bonds maturing at same time.
  • 10-118a Diversion of interest and sinking funds for refunding bonds; penalties.
  • 10-118b Diversion not basis of tax protest.
  • 10-119 Changing territory or disorganization of municipality; liability; tax levies.
  • 10-120 Election to approve the issuance of bonds; limitations on when election is to be held; publication of notice thereof.
  • 10-120a Bond election; notice requirements.
  • 10-121 Elections for acquisition of land.
  • 10-122 Investment of sinking fund.
  • 10-123 Temporary notes for improvements; issuance; renewal, when.
  • 10-124 Interest coupons receivable for taxes.
  • 10-125 Bonds covered by K.S.A. 10-101 through 10-125.
  • 10-126 Printing of coupons; size and form.
  • 10-127 Same; refusal by state treasurer to register.
  • 10-128 "Municipality" defined.
  • 10-129 Call of bonds or temporary notes before maturity; notice to state treasurer; paying agent and others; costs.
  • 10-130 Redemption of bonds and payment of interest thereon; duties of treasurers; electronic fund transfer; requests for money to county treasurers; failure to pay bond moneys; penalty.
  • 10-130a Failure of state treasurer to pay certain funds or moneys as provided by law; penalty.
  • 10-131 Investment of proceeds of bonds or temporary notes and certain funds authorized; disposition of interest received therefrom.
  • 10-132 Used surplus proceeds of certain bond issues to purchase bonds.
  • 10-133 Repealed.
• Article 2.—BRIDGE BONDS
  • 10-201 Bonds for bridges; counties, cities and townships.
  • 10-202 Same; election before bonds issued; conditions as to issuance.
  • 10-203 Same; petition for election by electors.
  • 10-204 Joint bridge projects by counties, cities or townships.
  • 10-205 Joint bridge projects by counties, cities and townships; bids; plans and specifications; surety bond.
• Article 3.—LIMITATION OF BONDED INDEBTEDNESS
  • 10-301 Repealed.
  • 10-302 Repealed.
  • 10-302a Repealed.
  • 10-303 Repealed.
  • 10-304 Repealed.
  • 10-305 Repealed.
  • 10-306 Counties; bonded debt limitations.
  • 10-307 Counties; certain bonds excluded in computing bonded indebtedness.
  • 10-308 Cities; limitations.
  • 10-309 Limitation on bonded indebtedness of cities; exceptions.
  • 10-310 Computation of valuation for bonded indebtedness limitation purposes.
  • 10-311 Revenue bonds and municipality, defined; revenue bonds excluded from computation of bonded indebtedness.
• Article 4.—REFUNDING BONDS
  • 10-401 through 10-407 Repealed.
  • 10-408 Repealed.
  • 10-409, 10-410 Repealed.
  • 10-411 Repealed.
  • 10-412 Repealed.
  • 10-413 Repealed.
  • 10-414 Repealed.
  • 10-415 Repealed.
  • 10-416 Repealed.
  • 10-417 Repealed.
  • 10-418, 10-419 Repealed.
  • 10-420 Repealed.
  • 10-421 Repealed.
  • 10-421a, 10-421b Repealed.
  • 10-422 through 10-426 Repealed.
  • 10-427 Refunding bonds; purpose; conditions and limitations.
  • 10-427a Same; conditions and limitations; proceeds, disposition and investment.
  • 10-428 Same; surrender; deposit.
  • 10-429 Same; terms; installments; maturity dates.
  • 10-430 Repealed.
  • 10-431 Repealed.
  • 10-432 Repealed.
  • 10-433 Same; invalidity of part.
• Article 5.—FISCAL AGENCY
  • 10-501 State treasurer fiscal agent of state; designation of fiscal agent by municipalities; banks with trust powers and trust companies.
  • 10-502 Establishment of fiscal agency.
  • 10-503 Bonds payable at state treasurer's office and at banks and trust companies designated as fiscal agents and certain designated co-paying agents.
  • 10-504 Deposit of funds of agency.
  • 10-505 Commission.
  • 10-506 Deposit of commission to the bond services fee fund.
  • 10-507 Fiscal agency in New York.
  • 10-508 Cancellation of certain warrants drawn by state treasurer against fiscal agency.
  • 10-509 Same; reversion of money to fund against which warrant drawn.
• Article 6.—REGISTRATION OF BONDS
  • 10-601 Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.
  • 10-602 Assignments; release from registration.
  • 10-603 Payment of bonds; deposit in bond services fee fund.
  • 10-604 Repealed.
  • 10-605 Negotiability of coupons.
  • 10-606 Registration of bonds by designated fiscal agents; record; notice; coupons; transfers; assignments; forms.
  • 10-607 Same; redemption of bonds.
  • 10-608 through 10-619 Reserved.
  • 10-620 Citation of act.
  • 10-621 Definitions.
  • 10-622 Purpose of registration; federal requirement.
  • 10-623 Systems of registration; approval by attorney general.
  • 10-624 Uncertificated bonds; statement of rights; facsimile signatures.
  • 10-625 Authenticating trustee, transfer agent, registrar; paying and other agents; central depository system.
  • 10-626 Costs of system of registration; fees and charges.
  • 10-627 Transfer fee.
  • 10-628 State treasurer; municipal securities rulemaking board requirements.
  • 10-629 Bonds pledgeable as a security for public deposits.
  • 10-630 Registration records; exempt from public inspection.
  • 10-631 Act applicable at the election of issuer; rescission of election prohibited; applicable to previously issued bonds.
  • 10-632 Provisions to be construed with uniform commercial code and contract law.
• Article 7.—DESTROYED OR LOST BONDS AND WARRANTS
  • 10-701 Issuance of duplicate.
  • 10-702 Contents of duplicate bonds, warrants.
  • 10-703 Mutilated bond or warrant; duplicate.
  • 10-704 Lost or destroyed bond; issuance of duplicate; indemnifying bond required.
  • 10-705 Record of duplicates.
  • 10-706 Lost or destroyed warrant; issuance of duplicate; statement of facts; stop payment procedure.
• Article 8.—WARRANTS
  • 10-801 Terms; combination warrant checks; preparation.
  • 10-802 Authority for issuance; claims, when.
  • 10-803 Signatures on warrants and warrant checks.
  • 10-804 Record of warrants and warrant checks.
  • 10-805 Same; duties of treasurer; signature.
  • 10-806 Same; payment; endorsement.
  • 10-807 Same; no-fund warrants, registration; recordation; payment; when not receivable for taxes.
  • 10-808 Redemption of no-fund warrants; duties of county treasurer; call.
  • 10-809 Warrant register; custody.
  • 10-810 Execution of unlawful or irregular warrants or warrant checks; penalties.
  • 10-811 Cancellation of state warrants; when warrant may be canceled; records of cancellation.
  • 10-812 Repealed.
  • 10-813 Same; nonpayment of warrant for lack of funds tolls time period for cancellation.
  • 10-813a Cancelled warrants issued pursuant to KPERS act; disbursement of fund; payment to certain claimants, limitations.
  • 10-814 Repealed.
  • 10-815 Cancellation of certain county warrants; balances.
  • 10-816 Cancellation of certain city warrants; balances.
  • 10-817 Repealed.
• Article 9.—STATE SINKING FUND
  • 10-901 Repealed.
  • 10-902 Repealed.
  • 10-903 through 10-907 Repealed.
• Article 10.—MISCELLANEOUS PROVISIONS
  • 10-1001 Bonds to be lien on realty.
  • 10-1002 Change of boundary as affecting taxation to pay bonds previously issued.
  • 10-1003 Property detached by such change.
  • 10-1004 Taxes upon detached realty.
  • 10-1005 Cancellation of bonds after final judgment.
  • 10-1006 Sinking fund used to purchase bonds.
  • 10-1007 Repealed.
  • 10-1007a Annual statement of indebtedness of municipality to county clerk; contents; deadlines.
  • 10-1008 Bonds as claim against property.
  • 10-1009 Municipal bonds or obligations; interest rates; limitation.
  • 10-1010 Certain terms construed to mean "state treasurer."
• Article 11.—CASH-BASIS LAW
  • 10-1101 Definitions.
  • 10-1102 Citation of act; cash basis for municipalities.
  • 10-1103 Repealed.
  • 10-1104 Repealed.
  • 10-1105 Repealed.
  • 10-1106 Repealed.
  • 10-1107 Repealed.
  • 10-1108 Repealed.
  • 10-1109 Repealed.
  • 10-1110 Repealed.
  • 10-1111 Repealed.
  • 10-1112 Issuance of warrants and other evidences of indebtedness unlawful.
  • 10-1113 Creating indebtedness in excess of funds unlawful; exceptions.
  • 10-1114 Clerks not to issue or sign orders.
  • 10-1115 Treasurers not to pay orders.
  • 10-1116 Limits of indebtedness may be exceeded, when; creating indebtedness in violation of act unlawful.
  • 10-1116a Cash-basis law; exemptions.
  • 10-1116b Lease, lease-purchase or installment-purchase agreements; agreements for electric interconnection or transmission facilities; when allowed under cash-basis law.
  • 10-1116c Lease-purchase agreements; conditions; protest petition and election, when.
  • 10-1117 Clerk or secretary; record of moneys; contracts and indebtedness of municipality; records of orders, warrant checks; exhibition of records upon request; notice.
  • 10-1118 Treasurer; record of moneys on hand and in each fund; exhibition of record or statement in writing.
  • 10-1119 Void contracts and orders.
  • 10-1120 Excess tax levying not basis of protest.
  • 10-1121 Penalties for violations.
  • 10-1122 Invalidity of part.
• Article 12.—REVENUE BONDS
  • 10-1201 Definitions.
  • 10-1202 Issuance, when; revenues; additional bonds; revenue bonds to construct electric generation facilities in certain first-class cities joining with privately owned utility; contracts or agreements; source of bond payment.
  • 10-1203 Duplication of existing utility services; approval and finding by corporation commission.
  • 10-1204 Revenue fund; use; application of K.S.A. 12-825d and 13-1269 through 13-1274.
  • 10-1205 Liens on revenues of utilities; recitals; negotiability.
  • 10-1206 Repealed.
  • 10-1207 Revenue bonds; terms; disposition of excess funds.
  • 10-1208 Rates, fees and charges; depreciation or renewal and replacement fund; reserve fund; annual audit, filing; billing and collection of sewer service charges; discontinuance of water service.
  • 10-1209 Repealed.
  • 10-1210 Publication of intended improvements; protest; election.
  • 10-1211 Refunding of bonds.
  • 10-1212 Act supplemental; election.
  • 10-1213 Duties of governing bodies of municipalities having board of public utilities; elections; costs.