68-2071. Authorization of projects.
68-2071
68-2071. Authorization of projects.In order to provide for the construction of modern express highways tolink the principal population centers of the state with the major expresshighways in this and other states, including: (a) a modern express highwaybetween the city of Wichita and the vicinity of Strother field, Cowleycounty, Kansas, and (b) a modern express highway between the vicinity ofStrother field, Cowley county, Kansas, and a point on the Kansas-Oklahomaborder where Oklahoma state highway No. 18 or such other highway as may beconstructed by the state of Oklahoma intersects such boundary line for thepurpose of providing a connection with the proposed Oklahoma expresswaysystem terminating in the general area of the port of Catoosa, embodying,where feasible and necessary, safety devices, including center division,ample shoulder widths, long-sight distances, multiple lanes in eachdirection and grade separations at intersections with other highways andrailroads, and thereby facilitate vehicular traffic, in the areas to beserved, remove many of the present handicaps and hazards on the congestedhighways in the state, and promote the agricultural and industrialdevelopment of the state, the authority is hereby authorized and empoweredto construct, maintain, repair and operate any highway project (ashereinbefore defined) including any one or more of the segmentshereinbefore designated at such time or times as the authority mayprescribe, and to issue any highway revenue bonds of the authority, payablesolely from revenues and any payments to the authority from the statehighway fund provided to be made pursuant to the provisions of this act, tofinance the project. No highway project shall be undertaken unless anduntil such project and the proposed locations therefor have been thoroughlystudied with respect to traffic, engineering, cost and financing nor unlesssuch study shows: That adequate public funds for construction of freeexpressways on the routes to be served by such project are not available,and that the construction of such project can be financed wholly throughthe investment of private funds in highway revenue bonds issued under theprovisions of this act; and that such project and indebtedness incurredtherefor will be entirely self-liquidating through tolls and other incomefrom operation of such project or projects but not including any amounts tobe paid from the state highway fund as permitted by this act:Provided, In determining whether the project and indebtedness will beentirely self-liquidating it shall be proper to consider actual andanticipated tolls and other income from any other project or projectsfinanced under this act and also any reserves which are or will beavailable from proceeds of the bonds or any other source: And providedfurther, Once the authority has determined that such study, or the studyas amended and supplemented, shows that the provisions of this section aremet, the project or projects shall be undertaken and bonds hereinauthorized shall be issued and the validity of the project or projects andthe validity of the bonds shall not be affected by any question concerningthe determination of the authority.
History: L. 1972, ch. 249, § 2; L. 1973, ch. 269, §23; July 1.