---

          Session of 1998
                    SENATE BILL No. 433           By Committee on Assessment and Taxation           1-14             9             AN ACT relating to property taxation; requiring certain actions relating
10             to the levying thereof.
11            
12       Be it enacted by the Legislature of the State of Kansas:
13           Section 1. (a) Without adoption of a resolution so providing, the leg-
14       islature or the governing body of any taxing subdivision shall not approve
15       any appropriation or budget, as the case may be, which is to be funded
16       by revenue produced from property taxes, and which provides for funding
17       with such revenue in an amount exceeding that of the next preceding
18       year, except with regard to revenue produced and attributable to the
19       taxation of new or new improvements to property.
20           (b) The provisions of this section shall be applicable to all fiscal and
21       budget years commencing on and after the effective date of this act.
22           Sec. 2. This act shall take effect and be in force from and after its
23       publication in the statute book.
24