Kansas Statutes Annotated

K.S.A. § 12-1744 (2026)

Same; pledge of facility and earnings

✓ current as of May 2026

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12-1744. Same; pledge of facility and earnings. The governing body of the city by ordinance or the board of county commissioners by resolution may pledge the facility and the net earnings therefrom to the payment of the revenue bonds and the interest thereon, and may provide that the net earnings thereof shall be set apart as a sinking fund for that purpose.

History: L. 1961, ch. 81, § 5; L. 1981, ch. 74, § 8; July 1.

Notes of Decisions

Cited in 2 cases, 1978–1986 · leading case: In Re Petition of City of Moran, 713 P.2d 451 (Kan. 1986).

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In Re Petition of City of Moran, 713 P.2d 451 (Kan. 1986). “K.S.A. 12-1744. The lease or lease-purchase agreement of the facility may provide that payment of or security for the revenue bonds may include the land, the buildings, the furnishings and the equipment used by the facility.”

Rauh v. City of Hutchinson, 575 P.2d 517 (Kan. 1978). “” (Emphasis added) K.S.A. 12-1744 provides the city may pledge the facility and the net earnings therefrom to the payment of the bonds and provides for the establishment of a sinking fund.”

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