Kansas Statutes 12-1776a. School districts; base year assessed valuation
Terms Used In Kansas Statutes 12-1776a
- Base year assessed valuation: means the assessed valuation of all real property within the boundaries of a redevelopment district on the date the redevelopment district was established. See Kansas Statutes 12-1770a
- Board: means the board of directors of the Kansas bioscience authority. See Kansas Statutes 12-1770a
- District: means a self-supported municipal improvement district which may be created and the property taxed in accordance with this act and which is:
(1) Comprised of contiguous property wholly within the boundaries of the central business district of the city as such boundaries are determined by resolution adopted by the governing body of the city and none of which property is zoned for any use other than commercial or industrial;
(2) comprised, at a minimum, of an area equivalent to four square blocks excluding any public streets and rights-of-way; and
(3) given a descriptive name containing the words "self-supported municipal improvement district. See Kansas Statutes 12-1795
- Property: includes personal and real property. See Kansas Statutes 77-201
- Redevelopment district: means the specific area declared to be an eligible area in which the city may develop one or more redevelopment projects. See Kansas Statutes 12-1770a
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(a) As used in this section:
(1) “School district” means any school district in which is located a redevelopment district for which bonds have been issued pursuant to Kan. Stat. Ann. § 12-1770 et seq., and amendments thereto.
(2) “Base year assessed valuation,” “redevelopment district” and “redevelopment project” shall have the meanings ascribed thereto by Kan. Stat. Ann. § 12-1770a, and amendments thereto.
(b) No later than November 1 of each year, the county clerk of each county shall certify to the state board of education the assessed valuation of any school district located within a redevelopment district in such county. For the purposes of this section and for determining the amount of state aid for school districts under Kan. Stat. Ann. § 72-5145 and Kan. Stat. Ann. § 72-5462, and amendments thereto, the base year assessed valuation of property within the boundaries of a redevelopment district shall be used when determining the assessed valuation of a school district until the bonds issued pursuant to Kan. Stat. Ann. § 12-1770 et seq., and amendments thereto, to finance redevelopment projects in the redevelopment district have been retired.