Kansas Statutes 74-50,153. Business assistance programs, priority for entities providing services previously provided by certain state institutions
Terms Used In Kansas Statutes 74-50,153
- Act: means the provisions of Kan. See Kansas Statutes 74-50,211
- department: means the department of commerce;
(4) "entrepreneur" means an individual creating a new business, service or product;
(5) "region" means multi-county areas as defined by the secretary of commerce;
(6) "regional business development fund" means an authorized and audited fund that is created by taxpayer contributions, interest income and investment income and is managed by the regional foundation board of directors for the purposes of economic and leadership development in the region;
(7) "regional foundation" means any organization in Kansas that demonstrates capacity to provide economic development services to regions as defined by this act, and: (A) Has obtained a ruling from the internal revenue service of the United States department of treasury that such organization is exempt from income taxation under the provisions of section 501(c)(3) or 501(c)(6) of the federal internal revenue code;
(B) has been designated as a certified development company by the United States small business administration;
(C) has been designated as an economic development district by the United States department of commerce's economic development administration;
(D) has been organized as a regional planning commission under Kan. See Kansas Statutes 74-50,154
- Program: means the Kansas individual development account program established in Kan. See Kansas Statutes 74-50,202
- State: means the state of Kansas. See Kansas Statutes 74-5059
(a) “Institution” has the meaning ascribed thereto by Kan. Stat. Ann. § 76-12a01, and amendments thereto.
(b) Any entity which provides services which were previously provided by an institution, but which the institution no longer provides due to the institution’s closure, scheduled closure or cessation or reduction of operation due to budget reductions, shall receive top priority consideration for any business assistance program administered by the department of commerce for which the entity is eligible. Such priority shall be greater than the priority established in Kan. Stat. Ann. § 74-50,133, and amendments thereto.
(c) The provisions of this act shall expire 12 months after closure of both Winfield state hospital and Topeka state hospital.