[Adopted 7-21-1986 by Ord. No. 5410]
There is hereby established a Capital Improvements Fund for the City of Parsons, Kansas, as authorized under the provisions of Chapter 67 of the 1985 Session Laws of Kansas.[1]
[1]
Editor's Note: See K.S.A. § 12-1,118.
Moneys in such Capital Improvements Fund may
be used to finance, in whole or in part, any public improvement need
set forth in the adopted capital improvement plan, including the repair,
restoration and rehabilitation of existing public facilities. Disbursements
may also be made for engineering and other advance public improvement
plans, and studies and reimbursements may be made to the fund from
bond proceeds, special assessments or state or federal aid available
for the completed project.
Funds credited to this fund shall be budgeted
annually in other funds and shall not be subject to the provisions
of K.S.A. §§ 79-2925 to 79-2927, inclusive, and amendments
thereto.
The governing body may, by resolution, transfer
any funds not needed in this special fund to the general fund or to
the fund from which it was derived, and such transfer and expenditure
thereof shall be subject to the budget requirement provisions.
