(a) In accordance with an agreement entered into with the chancellor of the university of Kansas and approved by the state board of regents, a private organization is authorized to construct one or more buildings on state-owned property of the university of Kansas medical center in Kansas City, Kansas, from any moneys of the private organization, if the capital improvement projects for such buildings have received prior approval by the state board of regents and the plans and specifications for such projects have received prior approval by the secretary of administration. Such capital improvement projects shall be totally financed from private moneys of the private organization and the buildings constructed shall become the property of Kansas upon completion and acceptance by the secretary of administration. No such capital improvement project for a building shall be approved by the state board of regents unless the state board of regents has: (1) Advised and consulted with the joint committee on state building construction regarding such capital improvement project; and (2) determined that such project will generate additional hospital revenues from the out-patient center providing detection, screening, diagnostic and treatment services relating to cancer that exceed the costs incurred by the university of Kansas medical center under this act during the term of any revenue bonds issued under this act.

(b) In accordance with an agreement entered into with the chancellor of the university of Kansas and approved by the state board of regents, a private organization is authorized to repair, remodel or renovate one or more state buildings of the university of Kansas medical center in Kansas City, Kansas, from any moneys of the private organization, if the capital improvement projects for such repairs, remodeling or renovations have received prior approval by the state board of regents and the plans and specifications for such projects have received prior approval by the secretary of administration. Such capital improvement projects shall be totally financed from private moneys of the private organization and the repairs, remodeling or renovations shall become the property of the state of Kansas upon completion and acceptance by the secretary of administration. No such capital improvement project to repair, remodel or renovate any state building shall be approved by the state board of regents unless the state board of regents has: (1) First advised and consulted with the joint committee on state building construction on such capital improvement project; and (2) determined that such project will generate additional hospital revenues from the out-patient center providing detection, screening, diagnostic and treatment services relating to cancer that exceed the costs incurred by the university of Kansas medical center under this act during the term of any revenue bonds issued under this act.