Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

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Statute Number:74-50,110
Chapter Title:STATE BOARDS, COMMISSIONS AND AUTHORITIES
Article Title:DEPARTMENT OF COMMERCE
Tax Type:Kansas Retailers' Sales Tax; Corporate Income Tax; Individual Income Tax; Privilege
Brief Description:Approval of IMPACT program activities for purposes of financing
with bonds issued by Kansas development finance authority; sunset of authority
to issue bonds.
Keywords:


Body:

74-50,110. Approval of IMPACT program activities for purposes of financing with bonds issued by Kansas development finance authority; sunset of authority to issue bonds. Except as otherwise provided, the activities of the secretary of commerce in administering and performing the powers, duties and functions prescribed by the provisions of this act and providing moneys for IMPACT programs from the proceeds of bonds issued by the Kansas development finance authority are hereby approved for the purposes of subsection (b) of K.S.A. 74-8905 and amendments thereto and the authorization of the issuance of such bonds by the Kansas development finance authority in accordance with that statute. The provisions of subsection (a) of K.S.A. 74-8905 and amendments thereto shall not prohibit the issuance of bonds for such purposes when so authorized and any such issuance of bonds is exempt from the provisions of subsection (a) of K.S.A. 74-8905 and amendments thereto. No bonds shall be issued for IMPACT projects after December 31, 2011.

History: L. 1991, ch. 284, 9; L. 1996, ch. 206, 9; L. 2003, ch. 154, 50; L. 2011, ch. 116, 9; July 1.



Date Composed: 01/19/2012 Date Modified: 01/19/2012

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