The bill amends K.S.A. 10-1116c concerning municipal lease-purchase agreements by modifying the protest petition requirements. Specifically, it reduces the percentage of qualified voters needed to file a protest petition from 5% to 3%. This change applies to agreements that involve the acquisition of land or buildings by municipalities other than counties, school districts, or community colleges, as well as those agreements that exceed the current fiscal year and involve payments exceeding 3% of the municipality's budgeted expenditures. The bill also repeals the existing section of K.S.A. 10-1116c.

Additionally, for counties, school districts, or community colleges, the bill requires the governing body to adopt a resolution stating its intent to enter into a lease-purchase agreement if the agreement involves annual payments exceeding $100,000. The resolution must be published, and a protest petition signed by at least 3% of qualified voters must be filed within 30 days of the last publication for the agreement to be subject to voter approval. If no protest petition is filed, the governing body may proceed with the agreement. The bill aims to streamline the process for municipalities while ensuring that significant financial commitments are still subject to public scrutiny.

Statutes affected:
As introduced: 10-1116c
As Amended by Senate Committee: 10-1116c