Kansas Statutes 75-5029. Railroad rehabilitation loan guarantee fund; purposes; limitation on expenditures; administration
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Kansas Statutes 75-5029
- Fund: means the Kansas communication system revolving fund established by Kan. See Kansas Statutes 75-5073
- Secretary: means the secretary of the department of transportation or designee. See Kansas Statutes 75-5034
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- Transportation: means the movement of individuals and meals in a four or more wheeled motorized vehicle designed to carry passengers. See Kansas Statutes 75-5034
The railroad rehabilitation loan guarantee fund is hereby established in the state treasury which shall be for the purpose of facilitating the financing, acquisition, rehabilitation of railroads in participation with the federal government to provide rail service in Kansas and for the refinancing thereof. The secretary of transportation shall administer the railroad rehabilitation loan guarantee fund. All expenditures from the railroad rehabilitation loan guarantee fund shall be made in accordance with appropriations acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the secretary of transportation or by a person or persons designated by the secretary.