76-6a03. Contract with owners of buildings; terms; cost estimates by secretary of administration. The board is hereby authorized to contract with the owners of the buildings so erected upon said leased grounds to pay as rental or otherwise for the use of said buildings a sum sufficient to pay, on the amortization plan, the principal and interest thereon of the cost of construction and equipment of said buildings, such contracts to run not over forty years. The amount of the cost of construction and equipment used in any such contract shall not exceed the estimated cost of construction and equipment which shall be made by the secretary of administration. The rate of interest allowed on the cost of construction and equipment shall not exceed six percent per annum, payable annually or semiannually as may be determined by the board. Said contract shall provide:
(a) That when the cost of construction has been paid, together with interest thereon, the buildings so constructed and the equipment therein shall become the property of the state of Kansas.
(b) That the state of Kansas shall incur no liability under such contract or by reason of any authority exercised by the board under this act, except that the board shall collect and apply the fees and charges authorized by K.S.A. 76-6a04 and 76-6a05 in the manner prescribed by this act.
History: L. 1941, ch. 364, § 3; L. 1978, ch. 337, § 36; Sept. 1.
Structure Kansas Statutes
Chapter 76 - State Institutions And Agencies; Historical Property
Article 6a - Student Union And Other Buildings
76-6a02 Lease; terms; powers and duties of secretary of administration.
76-6a03 Contract with owners of buildings; terms; cost estimates by secretary of administration.
76-6a04 Fees collected from students; pledge of receipts.
76-6a05 Room or board in dormitory by students; rentals and fees; pledge of incomes.
76-6a06 Moneys to state treasurer; statements; credited to separate fund; disbursements.
76-6a07 Insurance by lessee; pledge of rentals for construction and equipment; limitations.
76-6a08 Fees and charges to be additional.
76-6a10 Bonds exempt from taxation.
76-6a11 Incurring of indebtedness not authorized.
76-6a12 Federal aid for buildings and equipment at state schools.
76-6a13 Revenue bonds for buildings and facilities at educational institutions; definitions.
76-6a13a Construction of certain buildings authorized.
76-6a13b Same; issuance of bonds.
76-6a13c Construction of building authorized; revenue bonds.
76-6a13e Same; revenue bonds authorized; limitation.
76-6a13f Same; use of fees, charges and funds to pay costs; incurring indebtedness prohibited.
76-6a13g Same; contracts with boards or university controlled corporations.
76-6a14 Buildings at educational institutions; powers of boards; prohibitions.
76-6a15 Same; issuance; pledge of revenues; priority of liens where more than one series issued.
76-6a16 Same; revenue bonds not to constitute indebtedness.
76-6a18 Same; refunding bonds; procedures.
76-6a19 Same; covenants and agreements.
76-6a20 Same; deposit of bond sale proceeds; contracts.
76-6a21 Same; disposition of income and revenues; pledge.
76-6a22 Bonds exempt from taxation.
76-6a23 Same; investments in bonds authorized; collateral security for deposit of public funds.
76-6a24 Same; authority and powers conferred by act; invalidity of part.
76-6a29 Construction of certain buildings authorized.
76-6a30 Same; issuance of bonds.
76-6a31 Acquisition of Fairmount Towers authorized.
76-6a33 Construction of parking facility at KUMC authorized.
76-6a34 Same; issuance of bonds.
76-6a35 Construction of medical library at KUMC authorized; issuance of bonds.
76-6a36 Construct and equip coliseum at Kansas state university; issuance of bonds.