Session of 1998
HOUSE BILL No. 2872
By Representative Wagle
AN ACT concerning disposition of certain
excess moneys in the treasury
10 of Crestview Country
Club Improvement District.
12 Be it enacted by the Legislature of the
State of Kansas:
13 Section 1. (a) The
board of directors of Crestview Country Club Im-
14 provement District in Sedgwick county is
hereby authorized to disburse
15 all moneys in the district's treasury that
are in excess of those necessary
16 to pay the expenses and obligations of the
district, including the costs of
17 retiring any outstanding bonded
indebtedness of the district, as follows:
18 The total amount of property tax paid to
the district on each parcel of
19 real property within the district from the
date of inception of the district
20 shall be divided by the total amount of
property tax paid to the district
21 on all real property within the district
from the date of inception of the
22 district. The resulting percentage shall be
multiplied by the total excess
23 moneys to be disbursed and the amount
arrived at shall be paid to the
24 owner of record of such parcel.
25 (b) Payments authorized
by this section shall be distributed before
26 July 1, 2003.
27 (c) The provisions of
this section shall expire on July 1, 2003.
28 Sec. 2. This act
shall take effect and be in force from and after its
29 publication in the statute book.