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 modifies the limit on bonding authority for improvements to township fire departments and establishes that no township may issue bonds without holding an election in accordance with existing provisions.

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 mature in approximately equal amounts over a period not exceeding 20 years and allows the governing body of a township to levy necessary taxes to pay the principal and interest on the 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 The existing sections of K.S.A. 80-113 and K.S.A. 80-1910 are repealed, and the act will take effect upon publication in the statute book.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
Enrolled: 80-113, 80-1910, 80-104, 80-105