Printable Format12-1749a. Issuance of refunding bonds; conditions and restrictions. Any city or county which has or may hereafter issue revenue bonds under the provisions of K.S.A. 12-1740 to 12-1749, inclusive, and amendments thereto, may issue refunding revenue bonds, in the manner prescribed by and subject to the provisions of K.S.A. 10-116a, to refund any previous issue or issues, or part thereof, of such revenue bonds outstanding.
Except as herein provided, the issuance of refunding revenue bonds, the security thereof and the rights, duties and obligations of the city or county with respect thereto shall be governed by the provisions of K.S.A. 12-1740 to 12-1749, inclusive, and any amendments thereto.
History: L. 1975, ch. 46, § 1; L. 1977, ch. 58, § 5; L. 1981, ch. 74, § 15; July 1.
Attorney General's Opinions:
Cities and municipalities — buildings, structures and grounds — industrial revenue bonds. 81-4.
Bank powers; public funds; unlawful preferences. 82-149.
Buildings, structures and grounds; issuance of revenue bonds by counties. 85-28.
CASE ANNOTATIONS
1. Applied in determining ordinances to implement issuance of bonds administrative; not subject to K.S.A. 12-3013. Rauh v. City of Hutchinson, 223 Kan. 514, 518, 575 P.2d 517.
2. Mentioned; constitutionality of industrial revenue bond tax exemptions (K.S.A. 79-201a Second ) and payments in lieu of taxes (K.S.A. 12-1742) upheld. State ex rel. Tomasic v. City of Kansas City, 237 Kan. 572, 576, 701 P.2d 1314 (1985).
3. Industrial revenue bond transaction was a secured transaction resulting in property remaining in bankruptcy estate. In re Kar Development Associates, L.P., 182 B.R. 870, 871 (1995).