2-223.State fair capital improvements fund;
authorized use; Kansas development finance authority, revenue bonds authorized;
annual transfers to fund; certification of amounts by state fair
board.
(a) There is hereby established in the state treasury the
state fair capital improvements fund.
All expenditures of moneys in the state fair capital improvements fund shall be
used for the payment
of capital improvements and maintenance for the state fairgrounds and the
payment of capital
improvement obligations that have been financed. Capital improvement projects
for the Kansas state
fairgrounds are hereby approved for the purposes of subsection (b) of K.S.A.
74-8905 and
amendments thereto and the authorization of the issuance of bonds by the Kansas
development
finance authority in accordance with that statute.
(b) On each June 30, the state fair board shall certify to the director of
accounts and reports
an amount to be transferred from the state fair fee fund to the state fair
capital improvements fund,
which amount shall be not less than the amount equal to 5% of the total gross
receipts during the
current fiscal year from state fair activities and non-fair days activities.
Upon receipt of such
certification, the director of accounts and reports shall transfer moneys from
the state fair fee fund
to the state fair capital improvements fund in accordance with such
certification.
(c) On each July 1, the director of accounts and reports shall transfer from
the state general
fund to the state fair capital improvements fund, an amount equal to the amount
certified by the state
fair board pursuant to subsection (b), except that: (1) No transfer from the
state general fund under
this subsection shall exceed $300,000 in any fiscal year; (2) all
transfers made in accordance
with the provisions of this section during the fiscal years ending June 30,
2010, and June 30,
2011, shall be considered to be revenue transfers from the
state general fund; and (3) no
moneys shall be transferred pursuant to this section from the state general
fund to the state fair
capital improvements fund during the fiscal year ending June 30, 2010.
History: L. 1988, ch. 21, § 1;
L. 1998, ch. 76, § 2;
L. 2001, ch. 216, § 64;
L. 2003, ch. 138, § 122;
L. 2004, ch. 123, § 168;
L. 2005, ch. 174, § 177;
L. 2006, ch. 142, § 156;
L. 2007, ch. 167, § 194;
L. 2008, ch. 131, § 165;
L. 2009, ch. 124, § 135; July 1.
2-223.State fair capital improvements fund;
authorized use; Kansas development finance authority, revenue bonds authorized;
annual transfers to fund; certification of amounts by state fair
board.
(a) There is hereby established in the state treasury the
state fair capital improvements fund.
All expenditures of moneys in the state fair capital improvements fund shall be
used for the payment
of capital improvements and maintenance for the state fairgrounds and the
payment of capital
improvement obligations that have been financed. Capital improvement projects
for the Kansas state
fairgrounds are hereby approved for the purposes of subsection (b) of K.S.A.
74-8905 and
amendments thereto and the authorization of the issuance of bonds by the Kansas
development
finance authority in accordance with that statute.
(b) On each June 30, the state fair board shall certify to the director of
accounts and reports
an amount to be transferred from the state fair fee fund to the state fair
capital improvements fund,
which amount shall be not less than the amount equal to 5% of the total gross
receipts during the
current fiscal year from state fair activities and non-fair days activities.
Upon receipt of such
certification, the director of accounts and reports shall transfer moneys from
the state fair fee fund
to the state fair capital improvements fund in accordance with such
certification.
(c) On each July 1, the director of accounts and reports shall transfer from
the state general
fund to the state fair capital improvements fund, an amount equal to the amount
certified by the state
fair board pursuant to subsection (b), except that: (1) No transfer from the
state general fund under
this subsection shall exceed $300,000 in any fiscal year; (2) all
transfers made in accordance
with the provisions of this section during the fiscal years ending June 30,
2010, and June 30,
2011, shall be considered to be revenue transfers from the
state general fund; and (3) no
moneys shall be transferred pursuant to this section from the state general
fund to the state fair
capital improvements fund during the fiscal year ending June 30, 2010.
History: L. 1988, ch. 21, § 1;
L. 1998, ch. 76, § 2;
L. 2001, ch. 216, § 64;
L. 2003, ch. 138, § 122;
L. 2004, ch. 123, § 168;
L. 2005, ch. 174, § 177;
L. 2006, ch. 142, § 156;
L. 2007, ch. 167, § 194;
L. 2008, ch. 131, § 165;
L. 2009, ch. 124, § 135; July 1.
2-223.State fair capital improvements fund;
authorized use; Kansas development finance authority, revenue bonds authorized;
annual transfers to fund; certification of amounts by state fair
board.
(a) There is hereby established in the state treasury the
state fair capital improvements fund.
All expenditures of moneys in the state fair capital improvements fund shall be
used for the payment
of capital improvements and maintenance for the state fairgrounds and the
payment of capital
improvement obligations that have been financed. Capital improvement projects
for the Kansas state
fairgrounds are hereby approved for the purposes of subsection (b) of K.S.A.
74-8905 and
amendments thereto and the authorization of the issuance of bonds by the Kansas
development
finance authority in accordance with that statute.
(b) On each June 30, the state fair board shall certify to the director of
accounts and reports
an amount to be transferred from the state fair fee fund to the state fair
capital improvements fund,
which amount shall be not less than the amount equal to 5% of the total gross
receipts during the
current fiscal year from state fair activities and non-fair days activities.
Upon receipt of such
certification, the director of accounts and reports shall transfer moneys from
the state fair fee fund
to the state fair capital improvements fund in accordance with such
certification.
(c) On each July 1, the director of accounts and reports shall transfer from
the state general
fund to the state fair capital improvements fund, an amount equal to the amount
certified by the state
fair board pursuant to subsection (b), except that: (1) No transfer from the
state general fund under
this subsection shall exceed $300,000 in any fiscal year; (2) all
transfers made in accordance
with the provisions of this section during the fiscal years ending June 30,
2010, and June 30,
2011, shall be considered to be revenue transfers from the
state general fund; and (3) no
moneys shall be transferred pursuant to this section from the state general
fund to the state fair
capital improvements fund during the fiscal year ending June 30, 2010.
History: L. 1988, ch. 21, § 1;
L. 1998, ch. 76, § 2;
L. 2001, ch. 216, § 64;
L. 2003, ch. 138, § 122;
L. 2004, ch. 123, § 168;
L. 2005, ch. 174, § 177;
L. 2006, ch. 142, § 156;
L. 2007, ch. 167, § 194;
L. 2008, ch. 131, § 165;
L. 2009, ch. 124, § 135; July 1.
