Kansas Statutes 10-117a. Transfer of unexpended balance in bond and interest fund
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(a) Notwithstanding the provisions of Kan. Stat. Ann. § 10-117, and amendments thereto, whenever all bond issues have been completely retired the governing body of the municipality which issued such bonds is hereby authorized to transfer any unexpended balance of money in such bond and interest fund to the general fund of the municipality. Such transfer shall be subject to the provisions of Kan. Stat. Ann. § 79-2958, and amendments thereto.
(b) When used in this section: (1) “Municipality” shall have the same meaning ascribed thereto by Kan. Stat. Ann. § 10-101, and amendments thereto; (2) “bond” shall mean a general obligation bond.
Terms Used In Kansas Statutes 10-117a
- Municipality: as used in this chapter and all acts amendatory thereto, unless otherwise expressed in such amendment, shall mean and include every corporation and quasi corporation empowered to issue bonds in payment of which taxes may be levied. See Kansas Statutes 10-101
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.