12-17,121. Downtown redevelopment act; purpose; citation of act.
12-17,121
12-17,121. Downtown redevelopment act; purpose;
citation of act.
(a) The purpose of the Kansas downtown redevelopment act is
to promote, stimulate and develop the general and economic welfare of the state
of Kansas and its rural and low income communities, to encourage the
rehabilitation and use of real property located in downtown areas that have
become vacant or minimally utilized and to assist in the development and
redevelopment of eligible areas within cities and counties thereby promoting
the general
welfare of the citizens of this state, by authorizing cities and counties to
apply to the
department of commerce to designate downtown redevelopment areas, wherein
rebate of real property tax increments collected from real property may
apply to properties which have undergone approved improvements.
(b) This act shall be known and may be cited as the Kansas downtown
redevelopment act.
History: L. 2004, ch. 112, § 81; July 1.