This bill amends existing Kansas statutes regarding the bonding authority of townships, specifically K.S.A. 80-113 and K.S.A. 80-1910. It increases the statutory limits on bonding authority based on the population of the township, allowing townships with populations of up to 5,000 to issue bonds up to 1% of their assessed tangible valuation, those with populations between 5,000 and 10,000 to issue bonds up to 5%, and those with populations over 10,000 to issue bonds up to 10%. Additionally, the bill raises the limit on bonding authority for improvements to township fire departments and modifies the election requirements for issuing bonds.

The bill also revises the maximum amount of bonds that can be issued under K.S.A. 80-1909, increasing the limit from one-half of one percent to 5% of the assessed tangible valuation of all property in the township. It specifies that these bonds must be issued serially and mature over a period not exceeding 15 years. Furthermore, the governing body of a township is granted the authority to levy taxes necessary to pay the principal and interest on these bonds. The existing sections of K.S.A. 80-113 and K.S.A. 80-1910 are repealed, and the act will take effect upon publication in the statute book.

Statutes affected:
As introduced: 80-113, 80-1910, 80-104, 80-105