10-104. Bonds shall not be issued in payment for any public improvement if the amount received therefrom is in excess of the actual cost and expense of such improvement. Nothing herein shall prevent the partial issuance of bonds to the extent of the determined actual costs and expenses of a public improvement and thereafter issuing bonds for the balance of the actual costs and expenses.
History: R.S. 1923, § 10-104; L. 1968, ch. 409, § 1; L. 1983, ch. 49, § 20; May 12.
Source or prior law:
See "Revisor's Note" under 10-101.
Law Review and Bar Journal References:
Discussion of 1968 amendment authorizing partial bond issuance, Robert F. Bennett, 37 J.B.A.K. 159, 162 (1968).
CASE ANNOTATIONS
1. Cited in action to enjoin issuance of school district bonds. Gray v. Joint Rural High School District No. 9, 178 Kan. 387, 394, 286 P.2d 147.
2. Cited in holding notice of school bond election sufficient. West v. Unified School District, 204 Kan. 29, 35, 460 P.2d 103.