Kansas Statutes 76-6a02. Lease; terms; powers and duties of secretary of administration
Terms Used In Kansas Statutes 76-6a02
- Board: means the state board of regents. See Kansas Statutes 76-6a01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Institution: means and includes:
(1) Any state educational institution operated and managed under the control and supervision of the state board of regents;
(2) any municipal university organized under the laws of Kansas;
(3) any community college;
(4) northwest Kansas technical college or Fort Hays state university - northwest Kansas technical college upon approval of a formal affiliation agreement pursuant to Kan. See Kansas Statutes 76-6a13
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The board is hereby authorized to lease to any nonprofit corporation organized, officered, and directed by faculty members, students, and alumni of the institution concerned, such portions of the campus of an institution as may be necessary to be used as sites for the construction of fire-resistive student union buildings and student dormitories. Every such lease shall provide:
(a) That the building to be erected shall be constructed and equipped in accordance with plans and specifications approved by the secretary of administration and approved by the board.
(b) That the lessee will pay a stated amount of compensation to a superintendent selected by the secretary of administration, who shall serve as inspector for the board during the construction of the building; that such inspector shall have the right to inspect at all times such building and the materials to be used in its construction.
(c) That the activities carried on in the building so erected shall be conducted under rules and regulations adopted by the board.