Kansas Statutes 12-1744. Same; pledge of facility and earnings
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Terms Used In Kansas Statutes 12-1744
- Board: means the board of directors of the Kansas bioscience authority. See Kansas Statutes 12-1770a
- City: means any city in Kansas. See Kansas Statutes 12-1795
- Governing body: means the governing body of any municipality. See Kansas Statutes 12-17,115
The governing body of the city by ordinance or the board of county commissioners by resolution may pledge the facility and the net earnings therefrom to the payment of the revenue bonds and the interest thereon, and may provide that the net earnings thereof shall be set apart as a sinking fund for that purpose.