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Code · Kansas · Chapter 68 — Roads And Bridges

68-2319. Highway program; bonds; definitions.

90 words·~1 min read·/ks/chapter-68/68-2319

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68-2319. Highway program; bonds; definitions. The following words or terms used in this act shall have the following meanings unless a different meaning clearly appears from the context:
(a)"Bonds" means any bonds, notes or other evidences of indebtedness, including book-entry-only, whether or not the interest on such bonds is subject to federal income taxation, issued pursuant to the authority of this act.
(b)"Secretary" means the secretary of transportation.
(c)"Book-entry-only" means a system of electronic clearance, settlement and transfer of security ownership without the use of securities certificates.
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