74-99b18. Companies receiving authority financing; repayment required, when. Each bioscience company or qualified company receiving grants, awards, tax credits or any other financial assistance, including financing for any bioscience development project, under the provisions of the bioscience authority act, the emerging industry investment act, the bioscience development financing act, the tax investment incentive act, the bioscience research and development voucher program act, or the bioscience research matching funds act, shall repay such financial assistance to the authority, in the amount determined by the authority, if such bioscience company or qualified company relocates operations, in which the authority invested, outside Kansas within 10 years after receiving such financial assistance. Each such bioscience company or qualified company shall enter into a repayment agreement with the authority specifying the terms of such repayment obligation.
History: L. 2004, ch. 112, § 52; 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.