Kansas Statutes > Chapter 12 > Article 38 – Industrial and Economic Development


§ 12-3801	Industrial development bonds by cities and counties; legislative declaration
§ 12-3802	Same; definitions
§ 12-3803	Same; issuance of bonds authorized; not subject to bonded debt limitations
§ 12-3804	Same; findings required by governing bodies before issuance
§ 12-3805	Same; application of bond law; payments of principal and interest; no-fund warrants, when; tax levies; property acquired subject to tax
§ 12-3806	Same; approval of bond issue by electors required
§ 12-3807	Same; severability

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Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Local unit of general government: means a county or a city. See Kansas Statutes 12-3802
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Property: includes personal and real property. See Kansas Statutes 77-201
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201