Kansas § 12-5507 Same; service agreement, terms relating to ownership of property; default

Kansas Statutes

§ 12-5507 — Same; service agreement, terms relating to ownership of property; default

Kansas § 12-5507

Ch. 12CITIES AND MUNICIPALITIES

Art. 55PRIVATIZATION OF PUBLIC SERVICES

This text of Kansas § 12-5507 (Same; service agreement, terms relating to ownership of property; default) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 12-5507 (2026).

Text

The agreement shall specify the title and ownership of all property involved in providing the public service, including any property owned by the municipality to be used by the private contractor. The service agreement may contain provisions under which title to any land, equipment or facilities in the name of the private contractor shall vest in or revert to the municipality, including provisions to be implemented if the private contractor defaults under any specified provisions in the service agreement. The municipality may acquire or reacquire any facility and terminate the service agreement in accordance with its terms, notwithstanding that the service agreement may constitute an equitable mortgage.

Free access — add to your briefcase to read the full text and ask questions with AI

The agreement shall specify the title and ownership of all property involved in providing the public service, including any property owned by the municipality to be used by the private contractor. The service agreement may contain provisions under which title to any land, equipment or facilities in the name of the private contractor shall vest in or revert to the municipality, including provisions to be implemented if the private contractor defaults under any specified provisions in the service agreement. The municipality may acquire or reacquire any facility and terminate the service agreement in accordance with its terms, notwithstanding that the service agreement may constitute an equitable mortgage.