reglab/statecodes huggingface dataset:
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 4 - Refunding Bonds › 10-427a Same; conditions and limitations; proceeds, disposition and investment.

10-427a.
Same; conditions and limitations; proceeds, disposition and investment.
(a) Refunding bonds issued under the authority of K.S.A. 10-427, and amendments thereto, may be sold or exchanged for the bonds being refunded either as a whole or in installments at any time either at, before or after the maturity of the bonds being refunded. Such bonds shall be exempt from statutory limitations of bonded indebtedness and shall not be included in computing the total bonded indebtedness of the municipality for the purpose of applying any statute limiting the bonded indebtedness of the municipality.
(b) If refunding bonds are sold more than six months prior to the maturity or earliest prior redemption date of the bonds being refunded, the proceeds derived from the sale, together with any other moneys on hand, shall be placed in escrow under a trust agreement with a Kansas bank having full trust powers. The proceeds and moneys shall be invested in direct obligations of, or obligations the principal of and the interest on which are unconditionally guaranteed by, the United States of America or municipal obligations which are secured by direct obligations of the United States of America, and which shall mature or be subject to redemption by the holders thereof not later than the respective dates when the proceeds of the obligations together with the interest accruing thereon and any other moneys or investments held in escrow will be required for the purposes intended. The trust agreement shall pledge or assign the moneys and investments held in trust for the payment of the principal of the bonds being refunded and may pledge or assign the moneys and investments held in trust for the payment of the interest on the bonds being refunded and any redemption premium thereon. The trust agreement may pledge or assign any of the obligations or other moneys or investments, or interest accruing thereon, held in trust, which are in excess of the amount of the obligations and other moneys and investments held which is equal to the amount of the principal of the bonds to be refunded which comes due on the date for which the bonds may have been called for redemption or irrevocable instructions to call bonds for redemption have been given and any redemption premium thereon, for the payment of the principal of and interest on any or all of the refunding bonds and any redemption premium thereon, and shall contain provisions for protecting and enforcing the rights and remedies of the holders of the bonds.
History:
L. 1978, ch. 53, § 2; L. 1983, ch. 48, § 5; L. 1987, ch. 60, § 5; May 28.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 4 - Refunding Bonds › 10-428 Same; surrender; deposit.

10-428.
Same; surrender; deposit.
No refunding bonds issued under the provisions of this act shall be delivered to the purchaser thereof or be exchanged with the holder of the previously outstanding indebtedness refunded until the outstanding bonds, or other evidence of indebtedness to be refunded, shall have been surrendered to the issuing municipality: Provided, however, That bonds issued under the provisions of this act for the purpose of refunding outstanding bonds may be delivered to the purchaser thereof not more than ninety days prior to the stated maturity of the bonds so refunded without the then surrender to the issuing municipality of the bonds so refunded, but such delivery shall not be made until such issuing municipality shall have deposited, in the office of the state treasurer of the state of Kansas or other fiscal agency in the state of Kansas, the amount of the principal and interest due at the date of the maturity of such outstanding bonds which will mature within said ninety-day period, and the principal amount of the refunding bonds, so delivered, shall not exceed the principal amount of the outstanding bonds so maturing within said ninety-day period.
History:
L. 1941, ch. 100, § 2; April 7.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 4 - Refunding Bonds › 10-429 Same; terms; installments; maturity dates.

10-429.
Same; terms; installments; maturity dates.
Bonds issued under the provisions of this act shall bear interest at a rate not to exceed the maximum rate of interest prescribed by K.S.A. 10-1009, and shall mature within a period of thirty-one (31) years from and after the date of issuance of such bonds.
History:
L. 1941, ch. 100, § 3; L. 1943, ch. 84, § 1; L. 1970, ch. 64, § 4; L. 1978, ch. 53, § 3; April 28.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 4 - Refunding Bonds › 10-433 Same; invalidity of part.

10-433.
Same; invalidity of part.
If any section, sentence, clause or fraction of this act is for any reason held to be unconstitutional, such decision shall not affect the validity of the remaining portions of the act.
History:
L. 1941, ch. 100, § 7; April 7.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-501 State treasurer fiscal agent of state; designation of fiscal agent by municipalities; banks with trust powers and trust companies.

10-501.
State treasurer fiscal agent of state; designation of fiscal agent by municipalities; banks with trust powers and trust companies.
Unless otherwise provided by this section or by K.S.A. 10-625, the treasurer of the state of Kansas is hereby made and designated the fiscal agent of the state of Kansas. The governing body of any municipality as defined by K.S.A. 10-101, and amendments thereto, authorizing one or more series of bonds aggregating not less than $200,000 principal amount for any one sale is hereby authorized to designate and appoint by ordinance in the case of a city, and by resolution for any other municipality, a fiscal agent of its choice to provide for payment of the bonds, and interest thereon and obligations issued and made payable by their terms at the office of such fiscal agent. Such fiscal agent shall be a bank located in the state of Kansas having trust powers and operating a trust department acting in fiduciary capacities, including paying agency functions for stocks and bonds. In addition to the bank in the state of Kansas designated as a fiscal agent, the municipality may designate and appoint one or more trust companies or banks having trust powers and located in one or more federal reserve cities as co-paying agents with the designated Kansas bank. The trust companies or banks designated as co-paying agents shall have correspondent banking relations with the designated Kansas bank and shall be engaged in the service of paying agent for municipal bonds. Whenever any municipality designates a fiscal agent other than the treasurer of the state of Kansas, all such bonds and any coupons issued under authority hereof shall show the same to be payable at the office of the designated fiscal agent or co-paying agent.
History: L. 1874, ch. 75, § 8; L. 1908, ch. 58, § 1; R.S. 1923, § 10-501; L. 1969, ch. 63, § 3; L. 1983, ch. 49, § 31; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-502 Establishment of fiscal agency.

10-502.
Establishment of fiscal agency.
Laws 1874, chapter 75, sections 1 to 7, inclusive, included by reference. [This act, the title of which was "An act to provide for the establishment of a fiscal agency for the state of Kansas in the city of New York, and prescribing the duties of officers in relation thereto," also included section 8 [10-501], which was amended by Laws 1908, chapter 58, making the state treasurer the fiscal agent of the state, but retaining a subagency in New York; section 5 [10-507] of the act last named adopts the provisions of Laws 1874, chapter 75, as far as applicable.]
History:
R.S. 1923, § 10-502.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-503 Bonds payable at state treasurer's office and at banks and trust companies designated as fiscal agents and certain designated co-paying agents.

10-503.
Bonds payable at state treasurer's office and at banks and trust companies designated as fiscal agents and certain designated co-paying agents.
All bonds issued by the state, or any municipality defined by K.S.A. 10-101, and amendments thereto, and the interest thereon, shall be made payable at the office of the state treasurer, in Topeka, Kansas. Unless otherwise provided, the governing body of any municipality as defined by K.S.A. 10-101, and amendments thereto, authorizing one or more series of bonds aggregating not less than $200,000 principal amount is hereby authorized to designate and appoint by ordinance in the case of a city, and by resolution for any other municipality, a fiscal agent of its choice to provide for payment of its bonds, and interest thereon and obligations hereafter issued and made payable by their terms at the office of such fiscal agent. Such fiscal agent shall be a bank located in the state of Kansas having trust powers and operating a trust department acting in fiduciary capacities, including paying agency functions for stocks and bonds. In addition to the bank in the state of Kansas designated as a fiscal agent, the municipality may designate and appoint one or more trust companies or banks having trust powers and located in one or more federal reserve cities as co-paying agents with the designated Kansas bank. The trust companies or banks designated as co-paying agents shall have correspondent banking relations with the designated Kansas bank and shall be engaged in the service of paying agent for municipal bonds.
History:
L. 1908, ch. 58, § 2; R.S. 1923, § 10-503; L. 1969, ch. 63, § 4; L. 1983, ch. 49, § 32; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-504 Deposit of funds of agency.

10-504.
Deposit of funds of agency.
The state treasurer shall deposit all funds coming into the state treasurer's hands on account of such agency in the state treasury, subject to the state treasurer's order, countersigned by the director of accounts and reports, and shall be liable on his or her official bond as the state treasurer for all such funds so deposited.
History: L. 1908, ch. 58, § 3; February 10; R.S. 1923, § 10-504.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-505 Commission.

10-505.
Commission.
The state treasurer shall collect for receiving and disbursing such funds, for the uses of the state, a commission of one-eighth of one percent but not to exceed the sum of one dollar and twenty-five cents ($1.25) for each bond, which commission shall be a charge against the county, township, school district or municipality on account of which such commission accrued.
History:
L. 1908, ch. 58, § 4; L. 1915, ch. 343, § 1; R.S. 1923, § 10-505; L. 1969, ch. 66, § 1; L. 1979, ch. 45, § 1; April 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-506 Deposit of commission to the bond services fee fund.

10-506.
Deposit of commission to the bond services fee fund.
The state treasurer shall deposit all sums received under the provisions of K.S.A. 10-505, and amendments thereto, in the state treasury and credit it to the bond services fee fund established under K.S.A. 10-108, and amendments thereto.
History:
L. 1915, ch. 343, § 2; R.S. 1923, § 10-506; L. 2000, ch. 125, § 12; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-507 Fiscal agency in New York.

10-507.
Fiscal agency in New York.
All acts and parts of acts relative to state fiscal agency in the city of New York shall remain in force as to such agency, except insofar as the same are modified by the provisions of this act, and shall, as far as applicable, apply to the fiscal agency created and designated by this act.
History: L. 1908, ch. 58, § 5; February 10; R.S. 1923, § 10-507.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-508 Cancellation of certain warrants drawn by state treasurer against fiscal agency.

10-508.
Cancellation of certain warrants drawn by state treasurer against fiscal agency.
The state treasurer and the director of accounts and reports are hereby authorized, empowered and directed to forthwith cancel upon the books and records in their respective offices any and all warrants drawn by the state treasurer upon the fiscal agency of the state of Kansas, which warrants have been issued, not presented for payment, and outstanding for a period of one year or more, and that upon canceling any such warrant, such officers shall make proper entries upon the books and records in their offices and opposite such warrant canceled the date of its cancellation, with proper reference to this act as their authority for such cancellation.
History:
L. 1935, ch. 280, § 1; L. 1980, ch. 54, § 1; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 5 - Fiscal Agency › 10-509 Same; reversion of money to fund against which warrant drawn.

10-509.
Same; reversion of money to fund against which warrant drawn.
The money represented by any warrant canceled under K.S.A. 10-508 shall revert to and become a part of the specific fund against which such warrant was drawn, and the state treasurer and the director of accounts and reports shall properly credit such fund with the amount represented by any such canceled warrant.
History:
L. 1935, ch. 280, § 2; L. 1980, ch. 54, § 2; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-601 Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.

10-601.
Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.
The state treasurer shall register any state bonds or bonds issued by a municipality as defined by K.S.A. 10-101, and amendments thereto, which the bondholder may present to the state treasurer, for recording in a book kept for that purpose, showing the municipality issuing the same, the series of the bond, the date, amount, number, maturity, the purpose for which the bond was issued and the name and post-office address of the bondholder. On registering any bond the state treasurer shall notify the municipality issuing the bond of its registration and the bond shall be payable on its maturity by the municipality to the state treasurer. When the state treasurer registers any bond, the registration shall be evidenced by notation to that effect on the reverse side of the bond, after which no transfer shall be valid unless made at the written request of the registered owner or a duly authorized agent in writing and similarly noted on the bond. The bond may be discharged from registration by being registered to bearer and thereupon transferability shall be restored. The bond may again be registered or be transferred to bearer as before. Registration shall not affect the negotiability of any interest coupons appertaining to any bond issued prior to the effective date of this act. This section shall not apply to any bond or bonds for which a fiscal agent other than the state treasurer has been designated.
History:
L. 1923, ch. 225, § 1; R.S. 1923, § 10-601; L. 1969, ch. 63, § 5; L. 1981, ch. 57, § 1; L. 1983, ch. 49, § 33; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-602 Assignments; release from registration.

10-602.
Assignments; release from registration.
After the registration of any bond it shall be negotiable only by formal assignment before a notary public, identifying the bond assigned by the name of the municipality issuing the same, the number, date, amount, and said assignment shall be acknowledged the same as conveyances of real property. All assignments of bonds shall be forwarded to the state treasurer for endorsement on the state treasurer's records, which record shall set forth the name and address of the assignee, except when it is the desire of the registered owner to release the bond from registration and further assignment, in which case the bond shall be assigned to "bearer," and by the state treasurer so endorsed upon his or her records. The state treasurer shall have printed such forms as may be necessary for use in making such assignments which shall be delivered to persons desiring the same on request.
History:
L. 1923, ch. 225, § 2; R.S. 1923; § 10-602; L. 1927, ch. 93, § 1; June 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-603 Payment of bonds; deposit in bond services fee fund.

10-603.
Payment of bonds; deposit in bond services fee fund.
On the maturity of any registered bond, it shall be forwarded by the holder to the state treasurer, who shall collect the same and pay the proceeds to the last registered holder thereof. All fees collected under the provisions of this act shall be deposited in the state treasury and credited to the bond services fee fund established under K.S.A. 10-108, and amendments thereto.
History:
L. 1923, ch. 225, § 3; R.S. 1923, § 10-603; L. 2000, ch. 125, § 13; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-605 Negotiability of coupons.

10-605.
Negotiability of coupons.
This act shall not affect the negotiability of any coupons attached to any registered bond.
History:
L. 1923, ch. 225, § 5; R.S. 1923, § 10-605; L. 1983, ch. 49, § 34; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-606 Registration of bonds by designated fiscal agents; record; notice; coupons; transfers; assignments; forms.

10-606.
Registration of bonds by designated fiscal agents; record; notice; coupons; transfers; assignments; forms.
The Kansas bank designated as the fiscal agent by the governing body of a municipality shall register any bonds payable at the office of the fiscal agent which the bondholder may present, for recording in a book kept for that purpose, showing the municipality issuing the bond, the series of the bond, the date, amount, number, maturity, the purpose for which the bond was issued and the name and post-office address of the bondholder. On registering any bond, the fiscal agent shall notify the municipality issuing the bond of its registration and the bond shall be payable on its maturity by the municipality through the fiscal agent. When the fiscal agent registers any bond, the registration shall be evidenced by notation to that effect on the reverse side of the bond, after which no transfer shall be valid unless made at the written request of the registered owner or a duly authorized agent in writing and similarly noted on the bond. The bond may be discharged from registration by being registered to bearer and thereupon transferability shall be restored. The bond may again be registered or be transferred to bearer as before. Registration shall not affect the negotiability of any interest coupons appertaining to any bond issued prior to the effective date of this act. The fiscal agent shall have printed forms for use in making such assignments which shall be delivered to persons desiring the same on request.
History:
L. 1969, ch. 63, § 6; L. 1981, ch. 57, § 2; L. 1983, ch. 49, § 35; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-607 Same; redemption of bonds.

10-607.
Same; redemption of bonds.
On the maturity of any registered bond or when any registered bond is called for redemption, it shall be forwarded by the holder to the fiscal agent, who shall collect the same and pay the principal thereof to the last registered holder thereof.
History:
L. 1969, ch. 63, § 7; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-620 Citation of act.

10-620.
Citation of act.
K.S.A. 10-620 to 10-632, inclusive, shall be known and may be cited as the Kansas bond registration law.
History:
L. 1983, ch. 49, § 1; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-621 Definitions.

10-621.
Definitions.
As used in this act:
(a) "Bond" means a certificated or an uncertificated bond, no-fund warrant, temporary note or other agreement to repay borrowed money and any interest thereon whether in the form of a contract, lease, installment purchase agreement or otherwise, including a share, participation or other interest in any such agreement.
(b) "Certificated bond" means a registered bond which is represented by an instrument.
(c) "Code" means the internal revenue code of 1954, as amended.
(d) "Financial intermediary" means a bank, broker or clearing corporation or the nominee of any of them or other person or nominee which in the ordinary course of its business maintains bond accounts for its customers, when so acting.
(e) "Issuer" means a public entity which issues a bond.
(f) "Obligation" means an agreement of an issuer to pay the principal and any interest on a bond.
(g) "Original issuance" means the first transfer of a bond by an issuer to a purchaser.
(h) "Public entity" means the state of Kansas, political subdivisions, cities, counties, state universities or colleges, school districts, all special districts, joint agreement entities, public authorities, public trusts, nonprofit corporations and other organizations which are authorized under the constitution or laws of the state of Kansas to issue bonds, the interest thereon which may be exempt from federal income tax.
(i) "Registered bond" means a bond issued by a public entity pursuant to a system of registration.
(j) "System of registration" means a plan which:
(1) Provides that (A) a certificated bond specify a person entitled to the bond and the rights it represents and (B) the transfer of a certificated bond may be registered upon books maintained for that purpose by or on behalf of the issuer; and
(2) provides that (A) the transfer of an uncertificated bond be registered upon books maintained for that purpose by or on behalf of the issuer and (B) such books specify the person entitled to the bond and the rights it represents.
(k) "Uncertificated bond" means a bond which is issued pursuant to a system of registration and is not represented by an instrument.
History:
L. 1983, ch. 49, § 2; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-622 Purpose of registration; federal requirement.

10-622.
Purpose of registration; federal requirement.
(a) The code provides that interest on certain bonds may not be exempt from federal income tax if they are not in registered form. It is therefor a matter of concern to Kansas that public entities be authorized to provide for the issuance of bonds in such form. It is a purpose of this act, subject to the approval of the attorney general, to authorize all public entities to establish and maintain a system by which bonds may be issued in registered form within the meaning of this act.
(b) Bonds have traditionally been issued in bearer rather than in registered form, and a change from bearer to registered form will significantly affect the relationships, rights and duties and costs of issuers of and persons who deal with bonds. Such effects will impact the various issuers and varieties of bonds differently depending on their legal and financial characteristics, their markets and their adaptability to recent and prospective technological and organizational developments. It is therefor a matter of concern to Kansas that public entities be provided flexibility in the development of such systems and control over system incidents, so as to accommodate such differing impacts. It is the purpose of this act to authorize the establishment and maintenance and amendment, from time to time, of differing systems of registration of bonds, including system incidents, so as to accommodate the differing impacts upon issuers and varieties of bonds.
History:
L. 1983, ch. 49, § 3; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-624 Uncertificated bonds; statement of rights; facsimile signatures.

10-624.
Uncertificated bonds; statement of rights; facsimile signatures.
The issuer shall attach to its uncertificated bonds, written statements which provide a record of certain rights as of the time of issuance of the statements. Such statements shall be provided to each person acquiring rights by registration in uncertificated bonds and such statements shall be signed by a person whose signature is required or permitted to be placed on a certificated bond of the same class or series. The statement shall confer no rights on the recipient and it shall be neither a negotiable instrument nor a security.
The written statements attached to uncertificated bonds may be signed with a facsimile of the signature of the person required to sign such statements. If such statements are signed with a facsimile signature, the transfer agent shall sign such statements manually.
History:
L. 1983, ch. 49, § 5; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-625 Authenticating trustee, transfer agent, registrar; paying and other agents; central depository system.

10-625.
Authenticating trustee, transfer agent, registrar; paying and other agents; central depository system.
(a) Except as provided by K.S.A. 10-501, and amendments thereto, an issuer may appoint the state treasurer or other agents authorized under the authority by which the bonds are issued as an authenticating trustee, transfer agent, registrar, paying or other agents for a term agreed upon and specify their rights, compensation and duties, limit their liabilities and provide for the payment of liquidated damages in the event of breach of duty imposed. Such liquidated damages may be made payable to a financial intermediary. None of such need have an office or do business within this state.
(b) An issuer may enter into agreements with the state treasurer, custodian banks and financial intermediaries, and nominees of any of them, in connection with the establishment and maintenance by others of a central depository system for the transfer or pledge of bonds. Any custodian banks and financial intermediaries, and nominees, if qualified and acting as fiduciaries, may also serve as authenticating trustees, transfer agents, registrars, paying or other agents of the issuer for the same issue of bonds.
History:
L. 1983, ch. 49, § 6; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-626 Costs of system of registration; fees and charges.

10-626.
Costs of system of registration; fees and charges.
(a) An issuer, prior to or at original issuance, may provide as a part of a system of registration, that the transferor or transferee of the bonds pay all or a designated part of the costs of the system, that costs be paid out of proceeds of the bonds, or that both methods be used. The portion of the costs of the system not provided to be paid for by the transferor or transferee or out of proceeds shall be the liability of the issuer.
(b) The issuer may, as a part of the system, provide for reimbursement or for satisfaction of its liability by payment by others. The issuer may enter into agreements with others for such reimbursement or payment, establish fees and charges pursuant to such agreements or otherwise and authorize the amount or estimated amount of such fees and charges to be reimbursed or paid from the same sources and by means of the same collection and enforcement procedures and with the same priority as the bond.
History:
L. 1983, ch. 49, § 7; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-627 Transfer fee.

10-627.
Transfer fee.
The transfer agent may charge to the presentor of a bond a transfer fee in an amount not to exceed the amount fixed by the state treasurer. The state treasurer shall fix the amount of the fee on July 1, 1983, and may adjust the amount annually thereafter. All fees collected by the state treasurer under the provisions of the Kansas bond registration law shall be deposited in the state treasury and credited to the bond services fee fund established under K.S.A. 10-108, and amendments thereto.
History:
L. 1983, ch. 49, § 8; L. 2000, ch. 125, § 14; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-628 State treasurer; municipal securities rulemaking board requirements.

10-628.
State treasurer; municipal securities rulemaking board requirements.
The state treasurer is hereby authorized to take any action necessary to comply with the appropriate municipal securities rulemaking board requirements for securities transfer or clearing agencies.
History:
L. 1983, ch. 49, § 9; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-629 Bonds pledgeable as a security for public deposits.

10-629.
Bonds pledgeable as a security for public deposits.
Whenever any bond is authorized to be pledged as a security under K.S.A. 9-1402 et seq. or 75-4201 et seq., and amendments thereto, or under any other statute of this state, such bond shall be accepted as a security under such statute if: (a) In the case of a certificated bond, it is assigned, delivered or pledged to the holder of the deposit for security in accordance with the provisions of such statutes; (b) in the case of an uncertificated bond, registration of a pledge of the bond is authorized by the system and the pledge of the uncertificated bond is registered; or (c) in a form approved by the attorney general, which assures the availability of the bond proceeds pledged as a security for public deposits.
History:
L. 1983, ch. 49, § 10; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-630 Registration records; exempt from public inspection.

10-630.
Registration records; exempt from public inspection.
(a) Registration records of the issuer may be maintained at such locations within or without the state as the issuer determines.
(b) Records of the ownership or pledge of bonds are not subject to inspection or copying under any law of this state relating to the right of the public to inspect or copy public records.
History:
L. 1983, ch. 49, § 11; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-631 Act applicable at the election of issuer; rescission of election prohibited; applicable to previously issued bonds.

10-631.
Act applicable at the election of issuer; rescission of election prohibited; applicable to previously issued bonds.
(a) At the election of the issuer, made at any time prior to or at original issuance of the bond, this act may be made applicable, notwithstanding any provision of law to the contrary. When this act is applicable, it is alternative to any provision of law to the contrary and no such provision to the contrary shall apply.
(b) The public entity that authorizes the original issuance of the bond may make the election of the issuer which shall be part of the ordinance or resolution authorizing such issuance.
(c) An issuer shall not rescind an election after original issuance of the bond.
(d) Nothing in this act shall limit or prevent the issuance of bonds in any other form or manner authorized by law.
(e) The provisions of this act may be made applicable to bonds which have heretofore been authorized and issued.
History:
L. 1983, ch. 49, § 12; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 6 - Registration Of Bonds › 10-632 Provisions to be construed with uniform commercial code and contract law.

10-632.
Provisions to be construed with uniform commercial code and contract law.
The provisions of the Kansas bond registration law shall be construed in conjunction with the uniform commercial code and the principles of contract law relative to the registration and transfer of bonds.
History:
L. 1983, ch. 49, § 13; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 7 - Destroyed Or Lost Bonds And Warrants › 10-701 Issuance of duplicate.

10-701.
Issuance of duplicate.
Whenever any bond or warrant of the state or territory of Kansas, or any county, city, township, or school district, shall become so far mutilated as to become unfit for circulation, or shall be lost or destroyed, a duplicate thereof may be issued by the officer authorized by law to issue such bonds or warrants, under the regulations and restrictions hereinafter prescribed.
History: G.S. 1868, ch. 15, § 1; October 31; R.S. 1923, § 10-701.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 7 - Destroyed Or Lost Bonds And Warrants › 10-702 Contents of duplicate bonds, warrants.

10-702.
Contents of duplicate bonds, warrants.
(a) Each duplicate bond shall correspond, in number, date, amount and coupons, if any, with the original bond and shall have endorsed on its face, and on the face of any coupon, by the officer issuing the same, the word "duplicate" and the date of its issuance.
(b) Each duplicate warrant shall be reissued with a new warrant number. On the warrant register, each duplicate warrant shall make reference to the original warrant number and the date of issuance of the original warrant.
History:
G.S. 1868, ch. 15, § 2; R.S. 1923, § 10-702; L. 1979, ch. 46, § 1; L. 1983, ch. 49, § 36; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 7 - Destroyed Or Lost Bonds And Warrants › 10-703 Mutilated bond or warrant; duplicate.

10-703.
Mutilated bond or warrant; duplicate.
On the delivery to the proper officer of any mutilated bond or warrant, a duplicate of such bond or warrant shall be issued as herein provided.
History: G.S. 1868, ch. 15, § 3; October 31; R.S. 1923, § 10-703.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 7 - Destroyed Or Lost Bonds And Warrants › 10-704 Lost or destroyed bond; issuance of duplicate; indemnifying bond required.

10-704.
Lost or destroyed bond; issuance of duplicate; indemnifying bond required.
A duplicate for a lost or destroyed bond shall not be issued until there is filed with the proper officer an affidavit of some person knowing the facts, setting forth the ownership of such bond, the description thereof, the number of any coupons thereto attached, and the manner of its loss or destruction, and until there is executed and filed with the same officer an indemnifying bond, with securities to be approved by such officer, in a sum equal to the amount of such bond and any coupons attached if a corporate surety bond issued by a company authorized to do business in this state is filed or, in a sum equal to double the amount of such bond and any coupons attached if any other type of bond is filed, conditioned that the parties thereto shall pay all damages which the state, county, city, township or school district, as the case may be may sustain if compelled to pay such lost or destroyed bonds or any coupons.
History:
G.S. 1868, ch. 15, § 4; R.S. 1923, § 10-704; L. 1953, ch. 58, § 1; L. 1955, ch. 73, § 1; L. 1970, ch. 65, § 1; L. 1983, ch. 49, § 37; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 7 - Destroyed Or Lost Bonds And Warrants › 10-705 Record of duplicates.

10-705.
Record of duplicates.
Any officer issuing duplicates under this act shall keep a record, showing the numbers, dates and amounts of such mutilated, lost or destroyed bonds or warrants, the number of coupons thereto attached, if any, the date of issuance of the duplicate therefor and the names of the persons to whom issued.
History:
G.S. 1868, ch. 15, § 5; R.S. 1923, § 10-705; L. 1983, ch. 49, § 38; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 7 - Destroyed Or Lost Bonds And Warrants › 10-706 Lost or destroyed warrant; issuance of duplicate; statement of facts; stop payment procedure.

10-706.
Lost or destroyed warrant; issuance of duplicate; statement of facts; stop payment procedure.
A duplicate for a lost or destroyed warrant or a warrant which is not received by the payee thereof may be issued by the officer who issued the original warrant or his or her successor. Before any such duplicate warrant is issued, the issuing officer shall have on file a statement of some person knowing the facts and setting forth the description of such warrant and the fact that the same has been lost or destroyed or was not received by the payee thereof. When an issuing officer receives notice that a warrant he or she has issued has been lost or destroyed or was not received by the payee thereof, such officer shall initiate the stop payment procedure by issuing the appropriate orders to stop payment on such warrant.
History:
L. 1970, ch. 65, § 2; L. 1979, ch. 46, § 2; April 5.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-801 Terms; combination warrant checks; preparation.

10-801.
Terms; combination warrant checks; preparation.
All warrants shall be drawn to the order of the person or party entitled to receive the same, and shall specify the nature of the claim or service for which they were issued and out of what fund payable: Provided, That any governing body may by resolution authorize and require the use of a combination warrant check. Warrants or warrant checks shall be prepared by the clerk, auditor, secretary, director of finances or finance department of the municipality or other officer or agency authorized by the governing body.
History:
L. 1891, ch. 249, § 1; R.S. 1923, § 10-801; L. 1939, ch. 93, § 1; L. 1968, ch. 375, § 3; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-802 Authority for issuance; claims, when.

10-802.
Authority for issuance; claims, when.
No warrants or warrant checks shall be issued except as provided by law and no warrants or warrant checks shall be issued or authorized by any governing body except on claims as provided by K.S.A. 12-105b, and amendments thereto. Claims shall not be required for the payment of bonds and interest thereon, temporary notes, scrip or no-fund warrants issued by the municipality.
History:
L. 1891, ch. 249, § 2; R.S. 1923, § 10-802; L. 1949, ch. 116, § 1; L. 1957, ch. 80, § 1; L. 1968, ch. 375, § 4; L. 1983, ch. 49, § 39; May 12.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-803 Signatures on warrants and warrant checks.

10-803.
Signatures on warrants and warrant checks.
Warrants and warrant checks shall be signed by the chairman, mayor, president, trustee, director or other chief official, or in the absence of such officer, by the officer authorized by law to act in such officer's stead, and by the clerk, secretary or auditor or like officer, and the seal, if any, of the municipality need not be attached or impressed or shown by facsimile: Provided, That in manager cities the manager and director of finance, or similar officer, if there be one, shall sign the warrants or warrant checks: Provided further, That a facsimile signature may be used when authorized by the official or officer as provided by article 40 of chapter 75 of the Kansas Statutes Annotated.
History:
L. 1891, ch. 249, § 3; R.S. 1923, § 10-803; L. 1968, ch. 375, § 5; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-804 Record of warrants and warrant checks.

10-804.
Record of warrants and warrant checks.
The clerk, secretary, auditor or like officer of every municipality shall keep a correct record of all warrants and all warrant checks issued, showing the number, date and amount thereof, on what fund drawn, and the name of the person or party to whom the same are made payable.
History:
L. 1891, ch. 249, § 4; R.S. 1923, § 10-804; L. 1968, ch. 375, § 6; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-805 Same; duties of treasurer; signature.

10-805.
Same; duties of treasurer; signature.
Before delivering any warrant or warrant check to the payee the officer drawing the same shall present the same to the treasurer, who shall enter in a book kept for that purpose, the number, date and amount of such warrant, or warrant check, on what fund drawn, and the name of the payee, and thereupon sign the warrant or warrant check on the face thereof.
History:
L. 1891, ch. 249, § 5; R.S. 1923, § 10-805; L. 1968, ch. 375, § 7; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-806 Same; payment; endorsement.

10-806.
Same; payment; endorsement.
It shall be the duty of the treasurer of any municipality to pay on presentation any warrant properly drawn on any fund in custody by virtue of the office, and when paid write or stamp across the face of such warrant the word "Paid," and sign the same, unless the treasurer's facsimile signature is part of the stamp: Provided, That in case a warrant check is used as is provided in K.S.A. 10-801 and such instrument is stamped paid by any bank, being a depository of such municipality then the treasurer shall not be required to make the endorsement across the face of such warrant check as is provided for above: Provided further, That if no-fund warrants are required by the statute under which issued to be recorded as provided in this act they shall be paid when and in the manner provided by statute.
History:
L. 1891, ch. 249, § 6; R.S. 1923, § 10-806; L. 1939, ch. 93, § 2; L. 1968, ch. 375, § 8; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-807 Same; no-fund warrants, registration; recordation; payment; when not receivable for taxes.

10-807.
Same; no-fund warrants, registration; recordation; payment; when not receivable for taxes.
No-fund warrants issued under K.S.A. 79-2940 shall be presented to the county treasurer by the clerk of the issuing municipality for registration before delivery to the payee. The county treasurer shall endorse thereon a proper registered number, and the word "registered," with date, and sign said endorsement; and shall record in a separate warrant register as specified by K.S.A. 79-2940, and amendments thereto, the number, amount and date of all such warrants, to whom payable, and the date when presented for payment, and their registered number as endorsed thereon, and such warrants shall be paid in the order registered as shown by such separate warrant register; and no such warrants shall be received for taxes by any county treasurer unless he or she shall have in cash for that purpose a sufficient sum to redeem all warrants having priority over the warrants so offered for taxes.
History:
L. 1891, ch. 249, § 7; R.S. 1923, § 10-807; L. 1968, ch. 375, § 9; L. 1972, ch. 39, § 1; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-808 Redemption of no-fund warrants; duties of county treasurer; call.

10-808.
Redemption of no-fund warrants; duties of county treasurer; call.
It shall be the duty of the county treasurer to set apart the money received from tax levies made to redeem no-fund warrants that have been registered in compliance with the provisions of K.S.A. 10-807; and it shall be the duty of the county treasurer to publish in the official county paper between the 1st and 15th days of February and August in each year, a call for the redemption of such no-fund warrants as can be paid; and in making such call and publishing the same as hereinbefore provided, it shall be necessary only for such treasurer to give the register numbers of the earliest and latest warrants which are to be paid, with the additional statement in said call, however, that all warrants which have register numbers thereon between the numbers in this call made will be and are subject to redemption from the date of this call, and interest shall cease on each of said warrants on and after such publication.
History:
L. 1891, ch. 249, § 8; L. 1905, ch. 524, § 1; R.S. 1923, § 10-808; L. 1968, ch. 375, § 10; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-809 Warrant register; custody.

10-809.
Warrant register; custody.
Every municipal treasurer, shall upon the expiration of his or her term of office deliver to his or her successor the warrant register containing the list of warrants or warrant checks originally recorded and countersigned, and presented and registered, who shall in all things act as though the entries of such warrants or warrant checks were made by such successor.
History:
L. 1891, ch. 249, § 9; R.S. 1923, § 10-809; L. 1968, ch. 375, § 11; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-810 Execution of unlawful or irregular warrants or warrant checks; penalties.

10-810.
Execution of unlawful or irregular warrants or warrant checks; penalties.
Any officer of any municipality who shall sign or attest any warrant or warrant check not duly authorized by the proper governing body, and any treasurer who shall sign any warrant or warrant check not theretofore signed by the proper officers as required in this act, shall be liable to such municipality in the sum of each warrant or warrant check; and any such officer who shall violate any of the provisions of this act shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be fined in a sum not less than fifty dollars ($50) nor more than five hundred dollars ($500).
History:
L. 1891, ch. 249, § 10; R.S. 1923, § 10-810; L. 1968, ch. 375, § 12; July 1.
2023 Kansas Statutes › Chapter 10 - Bonds And Warrants › Article 8 - Warrants › 10-811 Cancellation of state warrants; when warrant may be canceled; records of cancellation.

10-811. Cancellation of state warrants; when warrant may be canceled; records of cancellation.
(a) In every case in which the director of accounts and reports shall have drawn a warrant against the state treasurer and a period of one year shall have elapsed since the issuance of such warrant, during which time no person entitled thereto shall have appeared to claim such warrant from the director of accounts and reports, or to claim the money so authorized to be paid from the state treasurer, such warrant, at the discretion of the director of accounts and reports and state treasurer, may be canceled and set aside upon their records.
(b) In the event that federal laws or regulations require the state to refund or credit money to the federal government because state warrants which were funded in whole or in part by federal funds remain uncashed or unclaimed after a specified period of time, the director of accounts and reports may cancel any such warrant after such specified period of time has elapsed. Such specified period of time shall be prominently stated on the face of the warrant.
(c) Cancellations pursuant to this section shall show the date canceled and the records shall recite that they were unpaid but canceled by reason of this statute of limitation. Canceled warrants shall be considered unclaimed property under the provisions of K.S.A. 58-3934 through 58-3978, and amendments thereto.
(d) The canceled warrants payment fund is hereby abolished. All balances in the canceled warrants payment fund shall be transferred to the state general fund. All balances accrued from unpaid canceled warrants shall be transferred upon the records of the director of accounts and reports and state treasurer and shall be considered unclaimed property under the provisions of K.S.A. 58-3934 through 58-3978, and amendments thereto. Any programming costs, including technical and functional analysis, incurred by the department of administration to implement the provisions of this subsection shall be performed and expended within the current resources of the department. No additional funding shall be requested or appropriated for such programming costs.
History:
L. 1923, ch. 74, § 1; R.S. 1923, § 10-811; L. 1974, ch. 46, § 1; L. 1981, ch. 58, § 1; L. 1994, ch. 274, § 1; L. 2013, ch. 83, § 1; July 1.