13-1348c. Investment of airport funds of certain cities; disposition of interest. - Kansas Statutes

13-1348c

Chapter 13.--CITIES OF THE FIRST CLASS PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS Article 13.--PARKS, PARKWAYS, BOULEVARDS AND PLAYGROUNDS

      13-1348c.   Investment of airport funds of certain cities; disposition of interest. Any airport authority or, if such authority has not been established, any board of park commissioners created pursuant to K.S.A. 13-1346, or amendments thereto, may invest any portion of an airport fund not needed for immediate use, if operating pursuant to K.S.A. 10-1116 and 79-2925, and amendments thereto, in investments authorized by K.S.A. 12-1675, and amendments thereto, in the manner prescribed therein. All interest received from such investments plus the principal thereof shall be paid into the fund which provided the funds for the original investment.

      History:   L. 1957, ch. 116, § 1; L. 1975, ch. 5, § 17; L. 1977, ch. 54, § 13; July 1.