HB 2296--
Session of 1997
By Representative Wagle

9 AN ACT concerning municipalities; relating to statutory debt limitations; 10 amending K.S.A. 79-5037 and repealing the existing section. 11 12 Be it enacted by the Legislature of the State of Kansas: 13 Section 1. K.S.A. 79-5037 is hereby amended to read as follows: 79- 14 5037. (a) Except as provided by subsection (b), upon implementation for 15 purposes of levying taxes of valuations for real property derived under 16 the program of statewide reappraisal, all existing statutory debt limitations 17 computed on the basis of a percentage of assessed valuation are hereby 18 suspended. In such year of implementation and in all years thereafter any 19 indebtedness of a taxing district governed by such statutory limitations 20 shall be limited to a percentage of assessed valuation, which percentage 21 is determined by dividing the amount of indebtedness authorized for such 22 taxing district in the year before implementation of such valuations by the 23 assessed valuation in the year of implementation. 24 (b) The provisions of subsection (a) shall not apply to the city of An- 25 dover, Kansas. 26 Sec. 2. K.S.A. 79-5037 is hereby repealed. 27 Sec. 3. This act shall take effect and be in force from and after its 28 publication in the Kansas register.