Terms Used In Kansas Statutes 76-6a13g

  • Board: means the state board of regents. See Kansas Statutes 76-6a01
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • 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 may contract with any board or university controlled corporation, as authorized by Kan. Stat. Ann. § 76-721, to construct, furnish or equip or lease all or any part of the facilities provided for in this act and such contract or lease may provide for reimbursement to such corporation from the proceeds of bonds issued hereunder or from funds legally available to the board for such purpose, subject to the limitations contained in Kan. Stat. Ann. § 76-6a13f.