10-110. Updating bond register by state treasurer; reports of outstanding debt; records of cancellations; unlawful acts; penalty.
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/ks/chapter-10/10-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
10-110. Updating bond register by state treasurer; reports of outstanding debt; records of cancellations; unlawful acts; penalty.
(a)The state treasurer shall update the bond register continually by showing therein the information specified in K.S.A. 10-111 , and amendments thereto, and by showing payments made through fiscal agents other than the state treasurer as information thereof is received. In addition to the report specified in K.S.A. 10-1007a , and amendments thereto, the clerk, secretary or other recording officer of each municipality shall furnish a sworn statement of all outstanding bonded indebtedness in such form as and whenever the state treasurer requires.
(b)If any municipality shall at any time take up, refund or pay off any bonds or coupons other than through a duly designated fiscal agency, the clerk, secretary or other recording officer of the municipality shall cancel the same and shall within 30 days thereafter present the bonds or coupons to the state treasurer for cancellation and entry thereof on the bond register of the state treasurer. If the municipality has a fiscal agent other than the state treasurer, it shall, within the period of 30 days, give written notice of such payment and cancellation to the fiscal agent.
(c)Whenever a municipality has a fiscal agent other than the state treasurer, such fiscal agent shall cancel all bonds and any coupons paid by it and within 30 days thereafter shall notify the state treasurer and the municipality in the manner required by the state treasurer.
(d)Failure to furnish statement or make cancellation is the failure of a clerk, secretary or other recording officer of a municipality to furnish the sworn statement provided for in subsection
(a)when required to do so by the state treasurer, or the failure of such an officer to present any bonds or coupons to the state treasurer for cancellation as provided in this section.
Failure to furnish statement or make cancellation is a class C misdemeanor.