Kan. Admin. Regs. § 110-9-8 - Bond payments; subsequent special bond projects
(a) Each
bond trustee shall distribute all revenues that have been pledged to pay the
principal and interest on the special obligation bonds issued by a city to
finance a special bond project in accordance with the provisions of the
applicable bond resolution or trust indenture, upon distribution of the
revenues by the Kansas department of revenue to the bond trustee.
(b) A city that has received STAR bond
funding shall not receive additional STAR bond funding for any subsequent
special bond project in the same redevelopment district without first receiving
approval for each subsequent special bond project from the secretary.
Notes
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