12-6a33. Same; sources for payment of costs of project. - Kansas Statutes

12-6a33

Chapter 12.--CITIES AND MUNICIPALITIES Article 6a.--GENERAL IMPROVEMENT AND ASSESSMENT LAW

      12-6a33.   Same; sources for payment of costs of project. The cost of all or a portion of any project authorized pursuant to this act shall be paid from all or any of the following sources:

      (a)   A pledge of special assessments imposed in the district pursuant to this act which have been paid in full prior to the date set aside by the governing body as provided in K.S.A. 12-6a10, and amendments thereto.

      (b)   A pledge of special assessments imposed in the district pursuant to this act, to be paid in installments.

      (c)   A pledge of all of the revenue received from the community improvement district sales tax authorized by K.S.A. 2009 Supp. 12-6a31, and amendments thereto.

      (d)   A pledge of a municipality's full faith and credit to use its ad valorem taxing authority for the repayment of full faith and credit bonds issued pursuant to K.S.A. 2009 Supp. 12-6a36, and amendments thereto.

      (e)   Any other funds appropriated by the municipality for the purpose of paying project costs including the principal and interest of bonds issued pursuant to this act.

      History:   L. 2009, ch. 122, § 9; July 1.