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Publications iconKansas Register

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Volume 43 - Issue 29 - July 18, 2024

State of Kansas

Kansas Development Finance Authority

Notice of Intent to Issue Revenue Bonds

Notice is hereby given that the Board of Directors of the Kansas Development Finance Authority (the “Authority”) adopted a resolution on July 2, 2024, authorizing the issuance from time to time of additional State Revolving Funds Revenue Bonds (the “Bonds”) on behalf of the Kansas Department of Health and Environment (“KDHE”), pursuant to the provisions of K.S.A. 74-8901 et seq., K.S.A. 65-163d et seq., and K.S.A. 65-3321 et seq., as amended and supplemented, to finance the continued operation of the KDHE State Revolving Loan Fund Program (the “Program”). Proceeds of the Bonds and other moneys in the Program loan fund (the “Loan Fund”) will be used, in part, to provide loans to Kansas municipalities to finance public water supply system projects.

The Bonds shall be issued in one or more series in an aggregate amount not to exceed $300 million plus all amounts required for costs of bond issuance, costs of interest on the bonds, and any required reserves for the payment of principal and interest on the Bonds. Subsequent series of Bonds may be issued to further the purpose of the Program without limit as to amount, subject to certain restrictions set forth in Bond Resolution No. 287 adopted by the Authority on November 4, 2010, and the master financing indenture dated as of November 1, 2010 (the “Master Indenture”) authorized therein. In accordance with the Master Indenture, the Authority and KDHE may from time to time, enter into supplemental indentures to authorize the issuance of any series of Bonds, and the Bonds will not be general obligations of the Authority, KDHE or the State of Kansas, but shall be payable only from funds in the Trust Estate under the Master Indenture.

This notice shall be published one time in the Kansas Register. Pursuant to K.S.A. 65-163d et seq., unless an action to contest the legality of the Bonds is filed in a court of law within 30 days from the date of such publication, the right to contest the legality of the Bonds and actions taken by the secretary of KDHE relating thereto shall cease to exist and no court shall thereafter have authority to inquire into such matters.

Rebecca Floyd
President
Kansas Development Finance Authority

Doc. No. 052313

Secretary of State Seal