32-879. Same; bonds not state indebtedness; contracts binding.
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/ks/chapter-32/32-879A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-879. Same; bonds not state indebtedness; contracts binding.
(a)Revenue bonds issued under K.S.A. 32-876 through 32-885 , including refunding revenue bonds, shall be special obligations of the department in accordance with their terms and shall not constitute an indebtedness of the state of Kansas, the department or the secretary, 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 department, 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.