Download or read book Attorney General Opinion No. 1974-034 written by Vern Miller and published by . This book was released on 1974 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: "K.S.A. 79-503 provides a definition for the term "fair market value" as it applies to the appraisal of real and tangible personal property (K.S.A. 79-501). There follows a qualification of this explanation which delineates a number of extraneous factors that must be given account in addition to sales which ... is the pivotal criterion. The question, which precipitates this opinion, thus presents itself: what effect will the proposed amendments in House Bill No. 1450 have upon K.S.A. 79-503. House Bill No. 1450 in essence proposes the addition to K.S.A. 79-503 of a second definition for fair market value. ... Therefore it is the opinion of this office that for the above stated reasons the proposed amendments to K.S.A. 79-503 are unconstitutional."