72-17,114. Same; annuities and obligations to retired members; tax levy, use of proceeds. - Kansas Statutes

72-17,114

Chapter 72.--SCHOOLS Article 17.--SUPPLEMENTAL RETIREMENT SYSTEMS

      72-17,114.   Same; annuities and obligations to retired members; tax levy,use of proceeds.For the purpose of providing a fund to pay the annuities and obligationsto retired members under the separate retirement system and for thepurpose of paying a portion of the principal and interest on bondsissued by cities under the authority of K.S.A. 12-1774, andamendments thereto, for the financing of redevelopment projects uponproperty located within the school district, the board is herebyauthorized to levy a tax of not to exceed six-tenths (.6) mill on alltangible taxable property within the jurisdiction of the board. Suchlevy shall be in lieu of the levy authorized by K.S.A.72-1780 and none of the levy limitations provided in article 19 ofchapter 79 of the Kansas Statutes Annotated shall apply to such levy.

      History:   L. 1951, ch. 409, § 6; L. 1979, ch. 52, § 175; July 1.