Brief(1)
S.B. 677 authorizes the Oaklawn Improvement District in Sedgwick County to expend in 1998 certain extra moneys in its bond and interest fund for public improvement purposes.
The bill also authorizes the Crestview Country Club Improvement District in Sedgwick County to disburse excess moneys in the district treasury back to taxpayers based on a percent of taxes paid for each parcel since the district's inception to the total taxes paid. Payments must be distributed before the provision sunsets on July 1, 2003.
Background
The attorney for the Oaklawn Improvement District said the bond and interest fund contains approximately $65,000 more than needed to pay this year's bond and interest payment. The excess moneys in the fund are the result of a double payment of taxes by property owners that occurred in 1993 as a result of a lawsuit involving the Boeing Company over payment of taxes for sewer improvements. Boeing paid its 1993 taxes under protest and the issue was not resolved until 1997.
The bill has no fiscal impact on the state.
1. *Supplemental notes are prepared by the Legislative Research Department and do not express legislative intent. The supplemental note and fiscal note for this bill may be accessed on the Internet at http://www.ink.org/public/legislative/fulltext-bill.html.