74-5072. Guarantees against commercial credit risks; approval of agreements; amount, limitations; effective period; conditions; priorities; application fee. (a) Each agreement entered into by the secretary of commerce [and housing]to guarantee against commercial preexport and postexport commercial credit risks for a Kansas export transaction shall be backed by moneys credited to the Kansas export loan guarantee fund and shall receive prior approval by the Kansas export loan guarantee review committee. No agreement shall be executed guaranteeing any amount for a Kansas export transaction which together with all other such agreements in effect would guarantee an aggregate amount exceeding 400% of the moneys in the Kansas export loan guarantee fund on the date such agreement would otherwise become effective. No such agreement shall provide a guarantee for more than 90% of the loan financing of the Kansas export transaction, including the principal and any interest thereon, or shall cover the loan financing in an amount exceeding 50% of the balance in the Kansas export loan guarantee fund on the date such guarantee is approved, including the principal and any interest thereon, for any individual Kansas export transaction. The remaining credit risk for any such loan financing may be covered by a financial institution providing the loan or by other appropriate entities.
(b) No guarantee may be provided under this section for a period of more than one calendar year. No guarantee may be provided under this section for a Kansas export transaction unless the loan financing therefor is provided entirely by one or more Kansas financial institutions, except that the loan financing or any part thereof may be provided by other financial institutions upon a finding by the Kansas export loan guarantee review committee that funding by one or more Kansas financial institutions cannot reasonably be obtained. Priority shall be accorded for guarantees of Kansas export transactions of companies which have not previously engaged in exporting activities or companies which intend to substantially expand exporting activities.
(c) The secretary of commerce [and housing] shall charge and collect a Kansas export loan financing guarantee application fee in an amount not less than $100 in addition to a fee in an amount equal to 1/2 of 1% per annum of the amount guaranteed for each guarantee provided under this section.
History: L. 1989, ch. 251, § 4; L. 1994, ch. 123, § 1; July 1.
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.