Terms Used In Kansas Statutes 76-6a05

  • 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

  • Student dormitory: means a building erected for, and used solely as, a place for housing and boarding students and other purposes incidental thereto. See Kansas Statutes 76-6a01

(a) For the purpose of paying for the maintenance, operation, and rental, including the payment of cost of construction and equipment and interest thereon, of a student dormitory erected, and rented by the board, under the provisions of this act, the board is authorized to determine what groups of students may room or board in such dormitory and to establish and fix a schedule of, and charge and collect, rents and boarding fees from each student who shall room or board in such dormitory. The amount of such rents shall be continued to be charged and collected from students who shall room in such dormitory until sufficient in the aggregate has been realized therefrom to pay the total cost of construction and equipment of such dormitory and interest thereon together with the cost of maintenance and operation thereof.

(b) When the full amount of the costs of construction and equipment of such dormitory, with interest thereon, has been paid, the board may reduce such rents, but no such reduction shall be made therein until such full amount has been paid. The board may pledge the net income of any such dormitory and of any other dormitory at the same institution to the nonprofit corporation which constructed such dormitory for the payment of the cost of construction and equipment and the interest thereon.