75-3649. Same; pooled money investment board to loan funds therefor; interest rate; payment of principal and interest; 900 Jackson street acquisition fund created. (a) To provide for the payment of the costs of acquisition of the property described in K.S.A. 75-3648 and expenses related to such acquisition, the pooled money investment board is authorized and directed to loan to the department of administration sufficient funds therefor, except that no such loan shall be made unless the terms thereof have been approved by the state finance council acting on this matter which is hereby characterized as a matter of legislative delegation and subject to the guidelines prescribed in subsection (c) of K.S.A. 75-3711c. The pooled money investment board is authorized and directed to use any moneys in the active accounts, inactive accounts or time deposits, open accounts, of the state of Kansas to provide the funds for such loan. Such loan shall bear interest at a rate equal to the interest rate being paid on state inactive account moneys at the time of the making of such loan. The loan principal and interest thereon shall be payable solely from revenues derived from charges imposed for the use of the property, or as otherwise provided by law. Such loan shall not be deemed to be an indebtedness or debt of the state of Kansas within the meaning of section 6 of article 11 of the constitution of the state of Kansas.
(b) There is hereby created in the state treasury the 900 Jackson street acquisition fund. Upon certification to the pooled money investment board by the secretary of administration of the amount of the loan approved pursuant to subsection (a), the pooled money investment board shall transfer the amount so certified from the state bank accounts described in subsection (a) to the 900 Jackson street acquisition fund.
History: L. 1982, ch. 343, ยง 2; May 20.
Structure Kansas Statutes
Chapter 75 - State Departments; Public Officers And Employees
Article 36 - State Office Buildings And Grounds
75-3619 State zoning area in Topeka.
75-3620 Same; changes in zoning; variance; consideration by capitol area plaza authority.
75-3650 Same; disposition of revenues from lease of property.
75-3654 State buildings operating fund, created.
75-3655 State buildings depreciation fund, created; transfers from state buildings operating fund.
75-3668 State general fund transfers to property contingency fund.
75-3669 Sale of Wichita state office building.
75-3675 Construction of state printing plant authorized.
75-3677 Same; terms and conditions of repayment of loan; time of payments; period of loan.
75-3678 Renovations to Santa Fe office building.
75-3680 Same; terms and conditions of repayment.
75-3682 Same; care and management; uses and space assignment.
75-3684 State facilities gift fund; administration.
75-3687 Eisenhower state office building; authorization of sale; proceeds.
75-3688 Landon state office building; authorization of sale; proceeds.
75-36,101 State capitol area; memorials; definitions.
75-36,103 Same; Kansas firefighters memorial advisory committee; duties.