74-99b02. Findings and declarations; exercise of powers permitted by act deemed essential governmental function. (a) The legislature of the state of Kansas hereby finds and declares that:
(1) Biosciences develop uses of biochemistry, molecular biology, genetics, biotechnology, bioengineering and life sciences to promote and enhance health care, veterinary medicine, agriculture, forestry, energy, pharmacy, environment and other industries in the state of Kansas;
(2) high-paying jobs and innovative commercial products ensue from the biosciences, which requires an educated workforce with advanced technical skills;
(3) the universities, colleges, nonprofit institutions and private enterprises in the state of Kansas will be able to further educate and train scientists, health care professionals and technicians to provide a supportive environment for bioscience research, development, testing and product commercialization activities through increased targeted investments;
(4) manufacturing, licensing and commercialization of products derived from the biosciences will benefit the state's economy and will facilitate the development of the bioscience industry and associated educational institutions in the state of Kansas;
(5) the mission of the Kansas bioscience authority is to make Kansas the most desirable state in which to conduct, facilitate, support, fund and perform bioscience research, development and commercialization, to make Kansas a national leader in bioscience, to create new jobs, foster economic growth, advance scientific knowledge and improve the quality of life for the citizens of the state of Kansas;
(6) the needs of the citizens of the state of Kansas and the public and private entities engaged in the biosciences will be best served by an independent public authority charged with the mission of facilitating, supporting, funding and performing bioscience projects for the benefit of its citizens to promote the state's research, development and commercialization objectives.
(b) The exercise of the powers permitted by this act are deemed to be an essential governmental function in matters of public necessity in the provision of bioscience, education, research, development and commercialization.
History: L. 2004, ch. 112, § 2; July 1.
Structure Kansas Statutes
Chapter 74 - State Boards, Commissions And Authorities
Article 99b - Bioscience Authority
74-99b05 Executive committee established; duties.
74-99b06 Records of the board; public records; exemptions from open records act.
74-99b09 Bioscience authority, powers and duties; review by secretary of commerce.
74-99b12 Exemptions from taxation.
74-99b13 Application of Kansas tort claims act.
74-99b14 Preemptive authority of act.
74-99b15 Actions requiring prior legislative approval.
74-99b16 Definitions; statutory provision exceptions; procurement contracts, procedures.
74-99b17 Affiliation with KPERS; adoption of retirement plan, death, disability benefits.
74-99b18 Companies receiving authority financing; repayment required, when.
74-99b19 Exemption from statutory provisions.
74-99b35 Income tax credit and sales tax exemption cost effectiveness; annual report to legislature.
74-99b43 Financing bioscience development projects; issuing special obligation bonds.
74-99b44 Bioscience development bond fund; distributions.
74-99b45 Same; ad valorem taxes paid into fund.
74-99b53 Net operating loss reimbursement program.
74-99b65 Bioscience research and development voucher program; establishment; purpose.
74-99b66 Qualified companies; application review; criteria.
74-99b67 Project funding; limitations.
74-99b68 Bioscience research and development voucher — federal fund; established; disbursement.
74-99b84 Bioscience research matching fund established; eligibility; purpose.
74-99b85 Same; application procedure; spending limitation.
74-99b86 Same; use of funds; multi-year grants.
74-99b87 Same; criteria for use of funds.