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KS SB7
Bill
Status
3/24/2025
Primary Sponsor
Local Government, Transparency and Ethics
Click for details
AI Summary
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Townships with population up to 5,000 may issue general obligation bonds up to 1% of assessed tangible valuation for building reconstruction, repair, and equipment; townships with 5,001-10,000 population may issue up to 5%; townships over 10,000 may issue up to 10%
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Fire department improvement bonds (under K.S.A. 80-1909) increase from 0.5% to 5% of assessed tangible valuation of all township property
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Maximum maturity period for fire department bonds extends from 15 years to 20 years
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Fire department bond debt limitations are separate from and in addition to any other bonded indebtedness limits imposed by law
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Elections are still required before townships may issue bonds for building reconstruction, repair, and equipment
Legislative Description
Increasing the statutory limits on bonds issued by a township based on township population and purpose of the bond issuance.
Last Action
Senate Approved by Governor on Friday, March 21, 2025
3/24/2025