82a-1362. Same; revenue bonds issued not state indebtedness; enforceability of contracts, agreements or covenants of Kansas water office.
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/ks/82a-1362A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
82a-1362. Same; revenue bonds issued not state indebtedness; enforceability of contracts, agreements or covenants of Kansas water office.
(a)Revenue bonds issued hereunder, including refunding revenue bonds authorized hereunder, shall be special obligations of the Kansas water office in accordance with their terms and shall not constitute an indebtedness of the state of Kansas or the Kansas water office, nor shall they constitute indebtedness within the meaning of any constitutional or statutory provision limiting the incurring of indebtedness.
(b)All contracts, agreements and covenants contained in the resolution authorizing the issuance of revenue bonds shall be binding in all respects upon the Kansas water office, its officials, agents, employees and successors. Such agreements, contracts and covenants shall be enforceable by appropriate legal action brought pursuant to the terms of the resolution authorizing the issuance of revenue bonds.