Bill > SB7

This bill modifies the bonding authority for townships in Kansas by creating a tiered system of bond issuance limits based on population size. Specifically, townships with populations of 5,000 or less can issue general obligation bonds up to 1% of their assessed tangible valuation, townships with populations between 5,001 and 10,000 can issue bonds up to 5% of their assessed tangible valuation, and townships with populations over 10,000 can issue bonds up to 10% of their assessed tangible valuation. Additionally, the bill increases the maximum bond maturity period from 15 to 20 years and clarifies that bonds can be issued for purposes such as reconstruction, repair, and equipment of township buildings. The bill also specifies that bonds can only be issued after a public election and that the new bonded debt limitations are separate from and additional to any existing legal limitations on indebtedness. These changes are intended to provide townships with more flexible financing options that are proportional to their size and needs, potentially enabling them to fund important infrastructure and municipal improvements more effectively.

Government Affairs

Local Government, Transparency and Ethics (Senate)

https://kslegislature.gov/li/b2025_26/measures/sb7/