68-587. Same; bond debt limitation. - Kansas Statutes

68-587

Chapter 68.--ROADS AND BRIDGES PART I.--ROADS Article 5.--COUNTY AND TOWNSHIP ROADS

      68-587.   Same; bond debt limitation.The total bonded indebtedness for the purposes described in K.S.A.68-586, whether for one or more issuances, shall not atany time in the aggregate exceed four percent (4%) of the total assessedvaluation of such county, and any bonds issued under the provisions ofthis act shall not be subject to or within any bonded debt limitationprescribed by any other law of this state and shall not be considered orincluded in applying any other law limiting bonded indebtedness. All taxlevies made to retire such bonds shall be in addition to and not limitedby any other act authorizing or limiting the tax levies of suchcounties.

      History:   L. 1967, ch. 362, § 2; July 1.