United States — Kansas
Kansas Statutes § 10-433 Same; invalidity of part.
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If part of the act is held unconstitutional, the rest of the act remains valid.
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29,249 statutes · page 7 of 1,463
United States — Kansas
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If part of the act is held unconstitutional, the rest of the act remains valid.
United States — Kansas
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Kansas municipalities meeting the bond threshold may designate a fiscal agent, and the state treasurer is the default fiscal agent unless this section or K.S.A. 10-625 says otherwise.
United States — Kansas
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This provision states that Laws 1874, chapter 75, sections 1 to 7, are included by reference.
United States — Kansas
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Municipal and state bonds must be payable at the state treasurer’s office, and some municipalities may designate fiscal and co-paying agents.
United States — Kansas
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The state treasurer must deposit agency funds into the state treasury, and the order must be countersigned by the director of accounts and reports.
United States — Kansas
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The state treasurer must collect a commission for receiving and disbursing these funds, capped at one-eighth of one percent and no more than $1.25 per bond.
United States — Kansas
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The state treasurer must deposit money received under K.S.A. 10-505 into the state treasury and credit it to the bond services fee fund.
United States — Kansas
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Existing acts about the state fiscal agency in New York remain in force, except where this act changes them, and they also apply as far as applicable to the fiscal agency created by this act.
United States — Kansas
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The state treasurer and the director of accounts and reports may cancel certain old, unpresented warrants, and must record the cancellation in their office records.
United States — Kansas
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Canceled warrants must be credited back to the fund they were drawn from.
United States — Kansas
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The state treasurer must register certain bonds presented for recording, notify the issuing municipality, and registered bonds cannot be transferred unless the transfer is written and noted on the bond.
United States — Kansas
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Bond assignments must be formally assigned before a notary public and forwarded to the state treasurer, unless the owner wants the bond released from registration.
United States — Kansas
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When a registered bond matures, the holder must forward it to the state treasurer, who must collect the money and pay it to the last registered holder. Fees collected under the act must be deposited in the state treasury and credited to the bond services fee fund.
United States — Kansas
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This act does not affect the negotiability of coupons attached to a registered bond.
United States — Kansas
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A designated fiscal agent must register presented bonds, notify the issuing municipality, and keep the required bond record; registered bonds cannot be transferred unless the written-request and notation requirements are met.
United States — Kansas
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When a registered bond matures or is called for redemption, the holder must send it to the fiscal agent, who must collect it and pay the principal to the last registered holder.
United States — Kansas
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This provision says K.S.A. 10-620 to 10-632 may be cited as the Kansas bond registration law.
United States — Kansas
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This section defines terms used in the act, including types of bonds, issuers, public entities, and systems of registration.
United States — Kansas
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Public entities may be authorized, with attorney general approval, to set up and maintain a system for issuing bonds in registered form.
United States — Kansas
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Issuers may set up and keep a bond registration system, but it cannot be established without attorney general approval.