Kansas Statutes Annotated

K.S.A. § 12-3415 (2026)

Same; borrowing money; issuance of notes, bonds and other evidence of indebtedness; approval required

✓ current as of May 2026

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12-3415. Same; borrowing money; issuance of notes, bonds and other evidence of indebtedness; approval required. (a) For the purpose of paying all or any part of the cost of purchasing or acquiring land or interests therein, and the cost of purchasing, acquiring, constructing, equipping, reconstructing, improving, repairing, enlarging, remodeling and furnishing buildings, structures, plants, docks, wharves, warehouses, piers, sidings and other water-port facilities, airport facilities, terminal facilities, land transportation facilities, railroad facilities or industrial-use facilities or any part thereof; including additions, improvements, relocations, renovations, extensions and modifications thereof (all of which as are included in a single project are hereafter referred to in this act as "facility or facilities"), a port authority created pursuant to this act, is authorized to borrow money upon credit of the income and revenues to be derived from the operation of such facilities, together with any other available income and revenues from other revenue producing facilities of such port authority, and to issue negotiable notes, bonds or other evidence of indebtedness authorized under subsection (b) of K.S.A. 12-3406, and amendments thereto, of such port authority in such amount as the board of directors of the port authority shall deem necessary for the purpose; and to provide for payment of such notes, bonds or other evidence of indebtedness and rights of holders thereof as herein provided.

(b) The port authority shall not issue bonds without first having received approval, by resolution, of the governing body of the cities or counties which comprise such port authority.

History: L. 1969, ch. 89, § 15; L. 1980, ch. 70, § 6; L. 1981, ch. 76, § 11; L. 1987, ch. 75, § 11; L. 2003, ch. 28, § 2; April 10.

Notes of Decisions

Cited in 3 cases, 1980–1981 · leading case: State ex rel. Tomasic v. Kansas City, Kansas Port Auth., 636 P.2d 760 (Kan. 1981).

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State ex rel. Tomasic v. Kansas City, Kansas Port Auth., 636 P.2d 760 (Kan. 1981). · cites it 3× “a public purpose; “(b) (1) borrow money from either private financial institutions or any agency of the state of Kansas or of the United States of America, and to issue therefor such *416 notes or other evidence of indebtedness as may be required and to mortgage, pledge, or…”

Bd. of Pub. Utils. v. City of Kansas City, 605 P.2d 151 (Kan. 1980). “12-3406[/i]); and issue revenue bonds and refunding revenue bonds (K.S.A. 12-3415 - 12-3420). Other legal entities, such as water supply and distribution districts, K.”

State Ex Rel. Tomasic v. Kansas City, Kan. Port Auth., 636 P.2d 760 (Kan. 1981). · cites it 3× “ublic purpose; "( b ) ( 1 ) borrow money from either private financial institutions or any agency of the state of Kansas or of the United States of America, and to issue therefor such *416 notes or other evidence of indebtedness as may be required and to mortgage, pledge, or…”

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