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 9  AN ACT concerning municipalities; relating to statutory debt limitations;
10    amending K.S.A. 79-5037 and repealing the existing section.
11
12  Be it enacted by the Legislature of the State of Kansas:
13    Section 1.  K.S.A. 79-5037 is hereby amended to read as follows: 79-
14  5037. (a) Except as provided by subsection (b), upon implementation for
15  purposes of levying taxes of valuations for real property derived under
16  the program of statewide reappraisal, all existing statutory debt limitations
17  computed on the basis of a percentage of assessed valuation are hereby
18  suspended. In such year of implementation and in all years thereafter any
19  indebtedness of a taxing district governed by such statutory limitations
20  shall be limited to a percentage of assessed valuation, which percentage
21  is determined by dividing the amount of indebtedness authorized for such
22  taxing district in the year before implementation of such valuations by the
23  assessed valuation in the year of implementation.
24    (b)  The provisions of subsection (a) shall not apply to the city of An-
25  dover, Kansas.
26    Sec. 2.  K.S.A. 79-5037 is hereby repealed.
27    Sec. 3.  This act shall take effect and be in force from and after its
28  publication in the Kansas register.