The bill amends K.S.A. 10-1116c concerning municipal lease-purchase agreements by modifying the requirements for protest petitions. Specifically, it changes the threshold for the number of signatures required on a protest petition from 5% to 3% of the qualified voters of the municipality. Additionally, it removes the stipulation that the percentage of voters be determined by the vote for secretary of state at the last general election. The bill also mandates that any lease-purchase agreement exceeding the current fiscal year must be approved by a majority vote of the governing body and outlines the necessary publication and notification procedures for such agreements.

Furthermore, the bill requires that if a municipality is a county, school district, or community college and the proposed agreement involves acquiring land or buildings with annual payments exceeding $100,000, a resolution must be adopted stating the intent to enter into the agreement. This resolution must also be published for two consecutive weeks in a local newspaper. If a protest petition is filed within 30 days of the last publication, the agreement cannot take effect without voter approval. The bill repeals the existing section of K.S.A. 10-1116c, thereby updating the legal framework governing municipal lease-purchase agreements.

Statutes affected:
As introduced: 10-1116c