2-225.   Agreement with Hutchinsoncommunity foundation; approval byattorney general; donations and bequests for benefit of state fair; receipt,administration, investment and disposition of moneys.(a) The state fair board is hereby authorized to negotiate andenter into an agreement with the Hutchinson community foundation, anot-for-profit corporation, for the Hutchinson community foundation to receive,administer and invest any moneys donated, bequeathed, granted, awarded orcontributed from any private or public source outside the state treasury forthe general benefit of the state fair or for specific capital improvements,projects, programs, activities or events for the benefit of the state fair. Allmoneys received for such purposes by the Hutchinson community foundation, andall interest earned thereon, shall be deposited, administered and disbursed bythe Hutchinson community foundation to the state fair board in accordance withthe agreement, after payment of any applicable fees or expenses authorized bythe agreement. The state fair board shall not enter into any agreement with theHutchinson community foundation under this section until the agreement has beenreviewed and approved by the attorney general.

      (b)   Upon receipt of any such moneys by the state fair board, the state fairboard shall remitthe entire amount of the remittance to the statetreasurerin accordance with the provisions of K.S.A. 75-4215, andamendments thereto.Upon receipt of each such remittance, the state treasurer shall deposit theentire amount in the state treasury to the credit of the state fair feefund or the state faircapital improvements fund, or in designated amounts of such remittance to eachof such funds as specified by the state fair board.

      History:   L. 1994, ch. 22, § 1;L. 2001, ch. 5, § 7; July 1.