74-50,223. Same; county participation, procedures; resident individuals, payment of outstanding student loan balances. (a) Any county that has been designated a rural opportunity zone pursuant to K.S.A. 74-50,222, and amendments thereto, may participate in the program provided in this section by authorizing such participation by the county commission of such county through a duly enacted written resolution. Such county shall provide a certified copy of such resolution to the secretary of commerce on or before January 1, 2012, for calendar year 2012, or on or before January 1 for each calendar year thereafter, in which a county chooses to participate. Such resolution shall obligate the county to participate in the program provided by this section for a period of five years, and shall be irrevocable. Such resolution shall specify the maximum amount of outstanding student loan balance for each resident individual to be repaid as provided in subsection (b), except the maximum amount of such balance shall be $15,000.
(b) If a county submits a resolution as provided in subsection (a), under the program provided in this section, subject to subsection (d), the state of Kansas and such county which chooses to participate as provided in subsection (a), shall agree to pay in equal shares the outstanding student loan balance of any resident individual who qualifies to have such individual's student loans repaid under the provisions of subsection (c) over a five-year period, except that the maximum amount of such balance shall be $15,000. The amount of such repayment shall be equal to 20% of the outstanding student loan balance of the individual in a year over the five-year repayment period. The state of Kansas is not obligated to pay the student loan balance of any resident individual who qualifies pursuant to subsection (c) prior to the county submitting a resolution to the secretary pursuant to subsection (a). Each such county shall certify to the secretary that such county has made the payment required by this subsection.
(c) A resident individual shall be entitled to have such individual's outstanding student loan balance paid for attendance at an institution of higher education where such resident individual earned an associate, bachelor or post-graduate degree under the provisions of this section when such resident individual establishes domicile in a county designated as a rural opportunity zone which participates in the program as provided in subsection (a), on and after the date in which such county commenced such participation, and prior to July 1, 2023. Such resident individual may enroll in this program in a form and manner prescribed by the secretary. Subject to subsection (d), once enrolled such resident individual shall be entitled to full participation in the program for five years, except that if the resident individual relocates outside the rural opportunity zone for which the resident individual first qualified, such resident individual forfeits such individual's eligibility to participate, and obligations under this section of the state and the county terminate. No resident individual shall enroll and be eligible to participate in this program after June 30, 2023.
(d) The provisions of this act shall be subject to appropriation acts. Nothing in this act guarantees a resident individual a right to the benefits provided in this section. The county may continue to participate even if the state does not participate.
(e) The secretary shall adopt rules and regulations necessary to administer the provisions of this section.
(f) On January 1, 2012, and annually thereafter until January 1, 2024, the secretary of commerce shall report to the senate committee on assessment and taxation and the house of representatives committee on taxation as to how many residents applied for the rural opportunity zone tax credit.
History: L. 2011, ch. 22, § 3; L. 2015, ch. 99, § 24; L. 2021, ch. 101, § 12; May 27.
Structure Kansas Statutes
Chapter 74 - State Boards, Commissions And Authorities
Article 50 - Department Of Commerce
74-5001a Purpose of department.
74-5002 Declaration of necessity and public policy.
74-5002c Successors and continuation of department and secretary of economic development.
74-5002d Rules and regulations, orders and directives continued in effect until superseded.
74-5002e Application of documentary references and designations.
74-5002m Rights preserved in legal actions and proceedings.
74-5002o Organization of department; policies governing administration.
74-5002q Rules and regulations to provide objective scoring matrix for awarding housing tax credits.
74-5002r Rules and regulations.
74-5002w Rights preserved in legal actions and proceedings.
74-5002x Transfer of officers and employees; rights and benefits preserved.
74-5002y Authorization to contract for data processing services and training.
74-5005 Powers and duties of department.
74-5007a Purpose and powers of business development division.
74-5009 Division of community development; powers.
74-5011 Same; duties; cooperation by political subdivisions.
74-5012 Same; authorization to enter into certain agreements.
74-5015 Officers and employees, retention of benefits and rights.
74-5016 Property, records and unexpended balances of appropriations transferred.
74-5017 Resolution of conflicts by governor.
74-5018 Rights saved in legal actions and proceedings.
74-5020 Department and office of secretary of economic development abolished.
74-5021 Community resource act; citation.
74-5022 Same; legislative findings and declaration; purpose of act.
74-5025 Same; training and technical assistance; contracts.
74-5026 Same; application for grants; form, manner, time; approval; certified budget.
74-5027 Same; contents of application.
74-5028 Same; grants; amounts; limitations; allocation; reports.
74-5029 Declaration of public policy; development of agricultural products.
74-5033 Contracts for promotional advertising services; bidding exemption.
74-5038 Same; determination of forms to be filed; maintenance of file.
74-5039 "State agency" defined.
74-5048 Division of trade development; powers.
74-5058 Kansas private activity bond allocation act; citation.
74-5062 Same; review of allocation; assistance of advisory committee.
74-5068 Cooperation and assistance required of certain state agencies.
74-5096 Grant administration by department.
74-5098 Authorized uses of grant proceeds; limitations.
74-5099 Cooperative undertakings by city-county economic development organizations.
74-50,100 Authority to award grants terminated.
74-50,101 Evaluation of plans by secretary; report to governor and legislature.
74-50,106 Review and approval of proposed agreements by secretary of commerce; eligibility.
74-50,111 Annual report of IMPACT program activities.
74-50,113 Kansas enterprise zone act.
74-50,115 Same; sales tax exemption; requirements.
74-50,116 Nonmetropolitan regional business program; criteria.
74-50,117 Quarterly list of designated nonmetropolitan regions to revenue.
74-50,118 Nonmetropolitan regions; annual report.
74-50,119 Same; rules and regulations.
74-50,131 Definitions; qualifications; certification of eligibility; rules and regulations.
74-50,132 Tax credits for qualified firms.
74-50,163 Agriculture marketing and promotions advisory board; members; duties.
74-50,181 Title and citation of act.
74-50,183 Athletic commission, established; members, qualifications; terms; compensation.
74-50,184 Same; background investigations.
74-50,185 Inspectors, agents and other personnel; rules and regulations.
74-50,187 Rules and regulations.
74-50,189 Licenses; conditions of issuance.
74-50,190 Sports contests; three judges.
74-50,191 Medical suspensions; medical retirement.
74-50,192 Unlicensed regulated sports; injunctions, restraining or other orders.
74-50,193 Complaints against licensees; suspension, revocation or refusal to issue license, grounds.
74-50,194 Contestants, license required.
74-50,195 Certain sports exempt from regulation under act.
74-50,196 Liability insurance, surety bond or indemnity coverage.
74-50,201 Individual development account program act.
74-50,204 Same; account holder; purposes for withdrawal of moneys.
74-50,205 Same; establishment of account by financial institution; duties; deposits, limitations.
74-50,208 Same; income tax credit for contributions by program contributors.
74-50,209 Qualified older Kansan; access to workforce training; strategic plan required.
74-50,210 Title and intent of act.
74-50,212 Qualified company; eligibility requirements; benefits; retention incentives.
74-50,214 Documentation submitted to department of revenue; rules and regulations.
74-50,215 Annual review of qualified company; books and records; audits.
74-50,220 Recovery zone bonds; allocation; rules and regulations.
74-50,221 Qualified energy conservation bonds; allocation; rules and regulations.
74-50,222 Rural opportunity zones; definitions.
74-50,224 Job creation program fund; expenditures; purposes; annual report.
74-50,225 Economic development incentive programs; application fees; rules and regulations.
74-50,226 Economic development incentive program information database; definitions.
74-50,228 Same; presentations by secretary to legislative committees.