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Current as of January 01, 2025 | Updated by Findlaw Staff
When any improvement district revenue producing utility is taken over by the city annexing such improvement district, and no contract is entered into between such improvement district and the city as set out in K.S.A. 19-2786e, then in that event the board of directors of the improvement district shall have the power to distribute any cash on hand to the subscribers or customers of such revenue producing utility on a pro rata basis based upon the amount of money spent with such improvement district revenue producing utility by each customer during the twelve months period immediately preceding such annexation or acquisition of such revenue producing utility by the city, whichever event occurs later.
Cite this article: FindLaw.com - Kansas Statutes Chapter 19. Counties and County Officers § 19-2786f. District revenue producing utility taken over by city; distribution of cash to subscribers, when - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-19-counties-and-county-officers/ks-st-sect-19-2786f/
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