Chapter 10.—BONDS AND WARRANTS

Kansas Statutes

Chapter 10.—BONDS AND WARRANTS

Article 1.—GENERAL BOND LAW
- Law Review and Bar Journal References:
  "Open Meetings Profile: The Prosecutor's View," Bradley J. Smoot and Louis M. Clothier, 20 W.L.J. 241, 255 (1981).
  Attorney General's Opinions:
  Home rule powers of cities and counties; bond issuance. 88-92.
- 10-101 "Municipality" defined.
- 10-102 "Municipal bonds" defined.
- 10-103 Terms and denominations of municipal bonds.
- 10-103a Repealed.
- 10-104 Limitations on improvement bonds; partial issuance, when.
- 10-105 Signing and execution of bonds by municipal officers and boards of trustees of community colleges; interest coupons.
- 10-105a, 10-105b Repealed.
- 10-106 Sale of bonds; public sale, requirements; when; notice; bids.
- 10-107 Registration of bonds.
- 10-108 Transcript of proceedings and bonds to state treasurer; fee for registration or certification; bond services fee fund; transmission to attorney general to determine sufficiency; return of bonds to municipality.
- 10-108a Nonlitigation certificate; incorporation in transcript; form.
- 10-108b Same; notice of pending or threatened lawsuit, effect.
- 10-108c Same; municipality prevailing in lawsuit authorized to issue bonds unless stay granted.
- 10-108d Nonlitigation certificate, exception; payment of bonds if city not legally organized.
- 10-109 Filing statement of issuance with state treasurer.
- 10-110 Updating bond register by state treasurer; reports of outstanding debt; records of cancellations; unlawful acts; penalty.
- 10-111 Cancellation of bond or coupon; return or destruction; payments from fiscal agency fund; record requirements; bond register entry.
- 10-112 Bonds required to be printed; recitals.
- 10-113 Levies for sinking fund; penalty for failure to make.
- 10-114 Special assessments for city improvements; apportionment; ordinance.
- 10-114a Unanticipated additional interest on temporary notes for city improvements; assessments against city at large.
- 10-115 Payment of special assessments.
- 10-116 Repealed.
- 10-116a Refunding of revenue bonds and interest thereon; limitations; investment of certain bond proceeds.
- 10-117 Unlawful issue, diversion or misuse of bond proceeds or tax funds; penalties.
- 10-117a Transfer of unexpended balance in bond and interest fund.
- 10-118 Sinking fund levy to pay bonds maturing at same time.
- 10-118a Diversion of interest and sinking funds for refunding bonds; penalties.
- 10-118b Diversion not basis of tax protest.
- 10-119 Changing territory or disorganization of municipality; liability; tax levies.
- 10-120 Bond election; publication of notice.
- 10-120a Bond election; notice requirements.
- 10-121 Elections for acquisition of land.
- 10-122 Investment of sinking fund.
- 10-123 Temporary notes for improvements; issuance; renewal, when.
- 10-124 Interest coupons receivable for taxes.
- 10-125 Bonds covered by K.S.A. 10-101 through 10-125.
- 10-126 Printing of coupons; size and form.
- 10-127 Same; refusal by state treasurer to register.
- 10-128 "Municipality" defined.
- 10-129 Call of bonds or temporary notes before maturity; notice to state treasurer; paying agent and others; costs.
- 10-130 Redemption of bonds and payment of interest thereon; duties of treasurers; electronic fund transfer; requests for money to county treasurers; failure to pay bond moneys; penalty.
- 10-130a Failure of state treasurer to pay certain funds or moneys as provided by law; penalty.
- 10-131 Investment of proceeds of bonds or temporary notes and certain funds authorized; disposition of interest received therefrom.
- 10-132 Used surplus proceeds of certain bond issues to purchase bonds.
- 10-133 Repealed.
Article 2.—BRIDGE BONDS
Article 3.—LIMITATION OF BONDED INDEBTEDNESS
- 10-301 Repealed.
- 10-302 Repealed.
- 10-302a Repealed.
- 10-303 Repealed.
- 10-304 Repealed.
- 10-305 Repealed.
- 10-306 Counties; bonded debt limitations.
- 10-307 Counties; certain bonds excluded in computing bonded indebtedness.
- 10-308 Cities; limitations.
- 10-309 Limitation on bonded indebtedness of cities; exceptions.
- 10-310 Computation of valuation for bonded indebtedness limitation purposes.
- 10-311 Revenue bonds and municipality, defined; revenue bonds excluded from computation of bonded indebtedness.
Article 4.—REFUNDING BONDS
- Cross References to Related Sections:
  See 10-116a, 10-1211.
- 10-401 through 10-407 Repealed.
- 10-408 Repealed.
- 10-409, 10-410 Repealed.
- 10-411 Repealed.
- 10-412 Repealed.
- 10-413 Repealed.
- 10-414 Repealed.
- 10-415 Repealed.
- 10-416 Repealed.
- 10-417 Repealed.
- 10-418, 10-419 Repealed.
- 10-420 Repealed.
- 10-421 Repealed.
- 10-421a, 10-421b Repealed.
- 10-422 through 10-426 Repealed.
- 10-427 Refunding bonds; purpose; conditions and limitations.
- 10-427a Same; conditions and limitations; proceeds, disposition and investment.
- 10-428 Same; surrender; deposit.
- 10-429 Same; terms; installments; maturity dates.
- 10-430 Repealed.
- 10-431 Repealed.
- 10-432 Repealed.
- 10-433 Same; invalidity of part.
Article 5.—FISCAL AGENCY
Article 6.—REGISTRATION OF BONDS
- Cross References to Related Sections:
  Uniform act for the simplification of fiduciary security transfers, see 17-4903 through 17-4913.
- REGISTRATION BY STATE TREASURER
  10-601 Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.
- 10-602 Assignments; release from registration.
- 10-603 Payment of bonds; deposit in bond services fee fund.
- 10-604 Repealed.
- 10-605 Negotiability of coupons.
- REGISTRATION BY OTHER FISCAL AGENTS
  10-606 Registration of bonds by designated fiscal agents; record; notice; coupons; transfers; assignments; forms.
- 10-607 Same; redemption of bonds.
- 10-608 through 10-619 Reserved.
- KANSAS BOND REGISTRATION LAW
  10-620 Citation of act.
- 10-621 Definitions.
- 10-622 Purpose of registration; federal requirement.
- 10-623 Systems of registration; approval by attorney general.
- 10-624 Uncertificated bonds; statement of rights; facsimile signatures.
- 10-625 Authenticating trustee, transfer agent, registrar; paying and other agents; central depository system.
- 10-626 Costs of system of registration; fees and charges.
- 10-627 Transfer fee.
- 10-628 State treasurer; municipal securities rulemaking board requirements.
- 10-629 Bonds pledgeable as a security for public deposits.
- 10-630 Registration records; exempt from public inspection.
- 10-631 Act applicable at the election of issuer; rescission of election prohibited; applicable to previously issued bonds.
- 10-632 Provisions to be construed with uniform commercial code and contract law.
Article 7.—DESTROYED OR LOST BONDS AND WARRANTS
- 10-701 Issuance of duplicate.
- 10-702 Contents of duplicate bonds, warrants.
- 10-703 Mutilated bond or warrant; duplicate.
- 10-704 Lost or destroyed bond; issuance of duplicate; indemnifying bond required.
- 10-705 Record of duplicates.
- 10-706 Lost or destroyed warrant; issuance of duplicate; statement of facts; stop payment procedure.
Article 8.—WARRANTS
- Cross References to Related Sections:
  Definitions, see 12-105a.
  
  Cash-basis law, see chapter 10, article 11.
- 10-801 Terms; combination warrant checks; preparation.
- 10-802 Authority for issuance; claims, when.
- 10-803 Signatures on warrants and warrant checks.
- 10-804 Record of warrants and warrant checks.
- 10-805 Same; duties of treasurer; signature.
- 10-806 Same; payment; endorsement.
- 10-807 Same; no-fund warrants, registration; recordation; payment; when not receivable for taxes.
- 10-808 Redemption of no-fund warrants; duties of county treasurer; call.
- 10-809 Warrant register; custody.
- 10-810 Execution of unlawful or irregular warrants or warrant checks; penalties.
- 10-811 Cancellation of state warrants; when warrant may be canceled; records of cancellation.
- 10-812 Repealed.
- 10-813 Same; nonpayment of warrant for lack of funds tolls time period for cancellation.
- 10-813a Cancelled warrants issued pursuant to KPERS act; disbursement of fund; payment to certain claimants, limitations.
- 10-814 Repealed.
- 10-815 Cancellation of certain county warrants; balances.
- 10-816 Cancellation of certain city warrants; balances.
- 10-817 Repealed.
Article 9.—STATE SINKING FUND
- Cross References to Related Sections:
  Investment of municipal sinking funds, see general bond law, 10-122.
- 10-901 Repealed.
- 10-902 Repealed.
- 10-903 through 10-907 Repealed.
Article 10.—MISCELLANEOUS PROVISIONS
- 10-1001 Bonds to be lien on realty.
- 10-1002 Change of boundary as affecting taxation to pay bonds previously issued.
- 10-1003 Property detached by such change.
- 10-1004 Taxes upon detached realty.
- 10-1005 Cancellation of bonds after final judgment.
- 10-1006 Sinking fund used to purchase bonds.
- 10-1007 Repealed.
- 10-1007a Annual statement of indebtedness of municipality to county clerk; contents; deadlines.
- 10-1008 Bonds as claim against property.
- 10-1009 Municipal bonds or obligations; interest rates; limitation.
- 10-1010 Certain terms construed to mean "state treasurer."
Article 11.—CASH-BASIS LAW
- Law Review and Bar Journal References:
  "Cooperation By Contract: Interlocal Agreements," Theresa Marcel Nuckolls, 59 J.K.B.A. No. 3, 25, 28 (1990).
  Attorney General's Opinions:
  Watershed districts; installment contracts for realty sales; cash-basis law. 81-20.
  
  Community college board of trustees; powers and duties; lease; purchase agreements; cash-basis law. 94-153.
  
  Unified school district employees; early retirement incentive programs; cash-basis; effect. 95-49.
  
  Kansas association of counties; definitions; municipality; cash-basis law; public agency; open records act. 95-67.
  
  Board of county commissioners; contracts binding future boards; cash-basis law; exceptions. 98-13.
- 10-1101 Definitions.
- 10-1102 Citation of act; cash basis for municipalities.
- 10-1103 Repealed.
- 10-1104 Repealed.
- 10-1105 Repealed.
- 10-1106 Repealed.
- 10-1107 Repealed.
- 10-1108 Repealed.
- 10-1109 Repealed.
- 10-1110 Repealed.
- 10-1111 Repealed.
- 10-1112 Issuance of warrants and other evidences of indebtedness unlawful.
- 10-1113 Creating indebtedness in excess of funds unlawful; exceptions.
- 10-1114 Clerks not to issue or sign orders.
- 10-1115 Treasurers not to pay orders.
- 10-1116 Limits of indebtedness may be exceeded, when; creating indebtedness in violation of act unlawful.
- 10-1116a Cash-basis law; exemptions.
- 10-1116b Lease, lease-purchase or installment-purchase agreements; agreements for electric interconnection or transmission facilities; when allowed under cash-basis law.
- 10-1116c Lease-purchase agreements; conditions; protest petition and election, when.
- 10-1117 Clerk or secretary; record of moneys; contracts and indebtedness of municipality; records of orders, warrant checks; exhibition of records upon request; notice.
- 10-1118 Treasurer; record of moneys on hand and in each fund; exhibition of record or statement in writing.
- 10-1119 Void contracts and orders.
- 10-1120 Excess tax levying not basis of protest.
- 10-1121 Penalties for violations.
- 10-1122 Invalidity of part.
Article 12.—REVENUE BONDS

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