United States — Kansas
Kansas Statutes § 12-17,148 Same; fund of the district.
1 provisions
Each district and project must have a separate fund, and money from specified sources must be credited to it and used only for project costs.
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United States — Kansas
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Each district and project must have a separate fund, and money from specified sources must be credited to it and used only for project costs.
United States — Kansas
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A municipality may issue bonds or take a revolving-fund loan for a project, but the bonds must be limited-payment obligations and must state that on their face.
United States — Kansas
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The secretary of revenue must provide specified tax reports in certain redevelopment or transportation districts, and the bond trustee, escrow agent, or paying agent must keep the related tax returns confidential.
United States — Kansas
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This provision says certain Kansas statutes apply to all transportation development districts, including districts created before or after July 1, 2003.
United States — Kansas
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Certain county governing bodies may agree to create a public improvement district, and each district must have a distinct name in the specified format.
United States — Kansas
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A public improvement district may levy property tax or a sales tax up to 0.50% for up to 10 years to finance public infrastructure improvements, but the tax cannot be imposed until voters in each member county approve it.
United States — Kansas
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A public improvement district may acquire, use, and lease property, and may enter lease agreements for property it owns or controls, but lease terms are limited and the legislature can change or end the agreements.
United States — Kansas
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A public improvement district’s governing body may acquire land and improvements and issue and sell general obligation bonds, but only after voter approval.
United States — Kansas
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This provision says cities and counties may acquire certain property and issue STAR bonds to finance STAR bond projects.
United States — Kansas
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This provision says K.S.A. 12-17,160 through 12-17,179 may be cited as the STAR bonds financing act.
United States — Kansas
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This section defines terms used in the STAR bonds financing act.
United States — Kansas
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A city or county governing body may designate a building as an historic theater if the city or county and the secretary of commerce agree the building meets subsection (h) of K.S.A. 12-17,162 and will significantly benefit local economic development.
United States — Kansas
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This provision lets cities, counties, the secretary, and the Kansas development finance authority create and finance STAR bond projects, but it limits approvals, bond maturity, and certain tax pledges.
United States — Kansas
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Cities and counties must follow notice, hearing, filing, and approval steps before creating a STAR bond project district, and some districts are barred or limited.
United States — Kansas
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A city or county must follow a detailed approval, planning, notice, hearing, and reporting process before a STAR bond project can move forward.
United States — Kansas
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The secretary must review STAR bond project materials and decide whether to approve them, and may issue an approval letter if approved. For certain major motorsports complex projects, the secretary must cap special obligation bonds at 50% of project costs. A special obligation bond issue must bear interest at a reasona
United States — Kansas
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This provision lets a city or county ask for more STAR bond issuance authority, but the secretary must review the request and may approve only within specified percentage limits; for certain projects, the legislative coordinating council must approve first.
United States — Kansas
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This provision lets cities, counties, and the Kansas development finance authority issue certain bonds to finance STAR bond projects and related major motorsports projects, and it exempts some bond income from state taxes.
United States — Kansas
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If the city, county, or Kansas development finance authority defaults on certain STAR bonds, public funds cannot be used to pay the bondholders unless this act specifically authorizes it.
United States — Kansas
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Cities and counties may change STAR bond project district property, but certain removals or divisions require a feasibility study, and transfers of STAR-bond-funded real property need the secretary’s advance approval and disclosure.