12-1741.
Issuance of revenue bonds by cities; lease-purchase agreements.
Subject to the provisions of K.S.A. 12-1744a and 12-1744b, and amendments thereto, any city shall have power to issue revenue bonds, the proceeds of which shall be used for the purpose of paying all or part of the cost of purchasing, acquiring, constructing, reconstructing, improving, equipping, furnishing, repairing, enlarging or remodeling facilities for agricultural, commercial, hospital, industrial, natural resources, recreational development and manufacturing purposes. Any city shall also have power to enter into leases or lease-purchase agreements by ordinance with any person, firm or corporation for the facilities. Except as otherwise provided in K.S.A. 12-1741a, and amendments thereto, the facilities may be constructed within the city or its environs without limitation as to distance, providing the governing body of the city declares that the facility, if in being, would promote the welfare of the city.
History:
L. 1961, ch. 81, § 2; L. 1969, ch. 85, § 2; L. 1977, ch. 62, § 5; L. 1980, ch. 68, § 1; L. 1981, ch. 74, § 2; July 1.
Notes of Decisions
Genesis Health Club, Inc. v. City of Wichita, 181 P.3d 549 (Kan. 2008).
· cites it 5× “” For Genesis’ second, and related argument, it relies upon K.S.A. 12-1741, 12-1744a, and 12-1744b to seemingly contend that they contain the only possible restrictions on a city’s IRB issuance and tax abatement granting.”
State Ex Rel. Tomasic v. City of Kansas City, 701 P.2d 1314 (Kan. 1985).
· cites it 4× “79-201a Second and K.S.A. 12-1741, and having determined them to be without merit, we reaffirm the observations made by this court in the Port Authority case: "[T]he legislature, in emphasizing economic development as a means of promoting the general welfare of the state, has…”
In Re Petition of City of Moran, 713 P.2d 451 (Kan. 1986).
· cites it 2× “K.S.A. 12-1741. The Wichita Bank for Cooperatives claimed a perfected security interest in the same proceeds under the Uniform Commercial Code.”
Rauh v. City of Hutchinson, 575 P.2d 517 (Kan. 1978).
“” K.S.A. 1977 Supp. 12-1741 provides that any city shall have power to issue revenue bonds for the purposes indicated in 12-1740 providing the governing body declares that the facility would promote the welfare of the city and further provides certain restrictions as to location…”
Bank of Alton v. Tanaka, 799 P.2d 1029 (Kan. 1990).
“12-1740 and K.S.A. 12-1741 explicitly authorize the City to issue revenue bonds and to enter into leases to pay the cost of purchasing, constructing, or improving facilities similar to those presently at issue.”
In Re Petroleum Prods., Inc., 72 B.R. 739 (Bankr. D. Kan. 1987).
“K.S.A. 12-1741 authorizes any city to issue revenue bonds and to enter into leases or lease-purchase agreements by ordinance in order to achieve these purposes.”
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