reglab/housing_qa huggingface dataset:
KS Stat § 74-8304a (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8304a Same; acquisition by transfer of interest from investors exempt from taxation; conditions; limitations; documentation.

74-8304a. Same; acquisition by transfer of interest from investors exempt from taxation; conditions; limitations; documentation. Any investor that is not subject to taxation under the provisions of Article 32 of Chapter 79 of the Kansas Statutes Annotated and that makes a cash investment in a certified Kansas venture capital company shall be deemed to acquire an interest in the nature of a transferable credit limited to an amount equal to 25% of such cash investment. Such interest may be transferred to a taxpayer and be claimed by such taxpayer as a credit against the taxpayer's Kansas income tax liability beginning in the taxpayer's taxable year in which the investment in the Kansas venture capital company was made. An investor shall not be entitled to a refund for the interest created under this section. Only the full credit for any one investment may be transferred and such credit may only be transferred one time. A credit acquired by transfer shall be subject to the limitations prescribed by K.S.A. 74-8304 and amendments thereto. Documentation of any credit acquired by transfer shall be provided by the taxpayer in the manner required by the director of taxation.History: L. 1987, ch. 322, § 2; Apr. 16.
KS Stat § 74-8305 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8305 Rules and regulations.

74-8305. Rules and regulations. The secretary shall adopt rules and regulations to implement this act on or before October 1, 1986.History: L. 1986, ch. 285, § 5; May 22.
KS Stat § 74-8306 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8306 Kansas venture capital companies; certification of, application, requirements, notification; duties of secretary; rules and regulations.

74-8306. Kansas venture capital companies; certification of, application, requirements, notification; duties of secretary; rules and regulations. (a) The secretary shall promulgate rules and regulations for making an application for certification of a Kansas venture capital company and shall specify the information that must be submitted at the time of application. No Kansas venture capital company shall be certified until the secretary has adopted rules and regulations as required in K.S.A. 74-8305 and amendments thereto. A company seeking to be certified as a Kansas venture capital company must specify the level of cash investment that the company expects to qualify for the tax credits provided for in this act. The application must show that the applicant's purpose is to encourage and assist in the creation, development and expansion of Kansas businesses and to provide maximum opportunities for the employment of Kansans by making venture capital available to Kansas businesses as described and defined in K.S.A. 74-8303 and amendments thereto.(b) The secretary shall promulgate rules and regulations defining the equivalent of money for the purposes of cash investments under the provisions of this act.(c) The department, through the secretary, shall review the articles of incorporation or the articles of partnership of each applicant for certification and the business history of the applicant and determine that the capitalization is at least $1,500,000.(d) Within 60 days of application, the secretary shall issue the certification and notify the department of revenue of such certification, or shall refuse the certification and issue an order so providing.History: L. 1986, ch. 285, § 6; L. 1987, ch. 320, § 3; May 7.
KS Stat § 74-8309 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8309 Same; decertification; effect on tax credits.

74-8309. Same; decertification; effect on tax credits. (a) Investors in a Kansas venture capital company are required to remit to the secretary of revenue full payment for all tax credits claimed under the Kansas venture capital company act if (1) at any time the Kansas venture capital company is decertified by the department of commerce for noncompliance with the Kansas venture capital company act or (2) the Kansas venture capital company voluntarily decertifies itself prior to the end of the seventh year following its certification.(b) Investors in a Kansas venture capital company are entitled to keep all of the tax credits claimed under the Kansas venture capital company act if the Kansas venture capital company is in compliance with the Kansas venture capital company act and voluntarily decertifies itself after the end of the seventh year following its certification.(c) A Kansas venture capital company may voluntarily decertify itself by sending written notice of decertification to the secretary of commerce.History: L. 1986, ch. 285, § 9; L. 1987, ch. 320, § 4; May 7.
KS Stat § 74-8310 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8310 Annual report by secretary; contents.

74-8310. Annual report by secretary; contents. (a) Pursuant to K.S.A. 74-5049, and amendments thereto, the secretary shall report the following:(1) The number of Kansas venture capital companies;(2) the total tax credit generated;(3) the total investments made in Kansas venture capital companies;(4) the total investments in Kansas businesses by Kansas venture capital companies;(5) an estimate of jobs created or preserved under the program; and(6) an estimate of the multiplier effect on the Kansas economy of the program.(b) Additionally, in the report the secretary shall evaluate the success of the program in collaboration with the standing committee on commerce of the senate and the standing committee on commerce, labor and economic development of the house of representatives, and may include specific recommendations for legislation.History: L. 1986, ch. 285, § 10; L. 1993, ch. 136, § 16; L. 1996, ch. 205, § 11; L. 2012, ch. 65, § 21; L. 2013, ch. 134, § 17; July 1.
KS Stat § 74-8311 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8311 State not liable to investors in Kansas venture capital companies.

74-8311. State not liable to investors in Kansas venture capital companies. The state of Kansas shall not be held liable for any damages to an investor in a Kansas venture capital company.History: L. 1986, ch. 285, § 11; May 22.
KS Stat § 74-8317 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8317 Same; reporting requirements.

74-8317. Same; reporting requirements. The secretary shall transmit annually to the governor, the standing committee on commerce of the senate and the standing committee on commerce, labor and economic development of the house of representatives:(a) The annual statement of the fund; and(b) a report, based upon information received by the fund manager, which specifies the following:(1) The manner in which the purpose as described in this act has been carried out by the fund.(2) The total investments made annually by the fund in Kansas businesses.(3) An estimate of jobs created and jobs preserved by investments by the fund in Kansas businesses.(4) An estimate of the multiplier effect on the Kansas economy of investments by the fund in Kansas businesses.(5) An analysis of the targeting of scarce resources by the fund by size, sector and location to enterprises of particular need and opportunity.History: L. 1995, ch. 127, § 2; L. 2011, ch. 104, § 33; L. 2012, ch. 65, § 22; L. 2013, ch. 134, § 18; July 1.
KS Stat § 74-8318 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8318 Same; conflict of interest provisions.

74-8318. Same; conflict of interest provisions. No enterprise shall be eligible to receive investment pursuant to this act if the secretary or any employee of the department, or any officer, employee or member of the board of directors of either the fund or any other entity which has a substantial interest in the enterprise. For the purposes of this section, the term "substantial interest" shall have the meaning ascribed to it in K.S.A. 46-229, and amendments thereto.History: L. 1995, ch. 127, § 3; L. 2011, ch. 104, § 34; July 1.
KS Stat § 74-8319 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8319 Same; definitions.

74-8319. Same; definitions. For purposes of this act:(a) "Department" means the department of commerce;(b) "fund" means any venture-capital fund whether organized as a corporation, partnership, limited partnership, limited liability company or other business entity, as well as any separately organized entity, which manages any such fund;(c) "fund manager" means any person or persons, approved by the secretary, legally responsible for the investment and management of a fund's assets pursuant to statute or contract; and(d) "secretary" means the secretary of commerce.History: L. 1995, ch. 127, § 4; L. 2011, ch. 104, § 35; July 1.
KS Stat § 74-8402 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 84 - Local Seed Capital Pools|74-8402 Same; certification of local seed capital pools; applications, requirements; rules and regulations.

74-8402. Same; certification of local seed capital pools; applications, requirements; rules and regulations. (a) The secretary of commerce shall promulgate rules and regulations for making an application for certification of a local seed capital pool and shall specify the information that must be submitted at the time of application. An applicant seeking to be certified as a local seed capital pool must specify the level of capitalization that the company expects to qualify for the tax credits provided for in this act. The application must show that the applicant's purpose is to encourage and assist in the creation of Kansas businesses and to provide maximum opportunities for the employment of Kansans by making seed capital available to Kansas businesses.(b) The department of commerce, through the secretary, shall review the articles of incorporation or the articles of partnership of each applicant for certification and the business history of the applicant and determine that the capitalization is at least $200,000.(c) Within 60 days of application, the secretary of commerce shall issue the certification and notify the department of revenue of such certification, or shall refuse the certification and issue an order so providing.History: L. 1987, ch. 365, § 2; July 1.
KS Stat § 74-8403 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 84 - Local Seed Capital Pools|74-8403 Same; requirements to continue certification; annual review by secretary of commerce; decertification, when.

74-8403. Same; requirements to continue certification; annual review by secretary of commerce; decertification, when. (a) Each qualified local seed capital pool shall report to the secretary of commerce on an annual basis such information as the secretary requires to be submitted to maintain certification. As a part of such information, each local seed capital pool shall report the name, address and taxpayer identification number of each taxpayer who has invested in such pool and amounts invested by each such taxpayer.(b) The secretary of commerce shall provide this information contained in subsection (a) to the department of revenue on an annual basis.(c) The secretary of commerce shall conduct an annual review of each local seed capital pool certified to determine if the local seed capital pool is in compliance with the requirements of certification, to advise the local seed capital pool as to the certification status of its investments, and to ensure that no investment has been made in violation of the provisions of this act or rules and regulations promulgated by the department. The reasonable costs of the annual review shall be paid by each local seed capital pool according to a reasonable fee schedule adopted by the secretary. Any violation shall be grounds for decertification under this section.(d) In undertaking the annual review the secretary of commerce shall use reasonable and generally accepted national standards of seed capital investment practice. If the secretary determines that a local seed capital pool is not in substantial compliance with the requirements for continuing in certification, the secretary shall, by written notice, inform the officers of the pool and the board of directors or partners that they will be decertified in 120 days from the date of mailing of the notice unless they correct the deficiencies and are once again in compliance with the requirements for certification.(e) At the end of the 120-day period, if the local seed capital pool is still not in substantial compliance, the secretary of commerce shall send a notice of decertification to the pool and to the secretary of the department of revenue. Decertification of a local seed capital pool shall cause the forfeiture by the pool of any right or interest to the tax credit under the provisions of this act and shall cause the total amount of tax credit previously claimed by persons under the program to be due and payable.(f) Following each annual examination, the secretary shall notify the department of revenue of any local seed capital pools that are not in compliance with this section.History: L. 1987, ch. 365, § 3; July 1.
KS Stat § 74-8404 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 84 - Local Seed Capital Pools|74-8404 Same; voluntary decertification, procedure.

74-8404. Same; voluntary decertification, procedure. At any time after the end of the seventh year of certification, a local seed capital pool which is in compliance with this act may voluntarily decertify itself by sending written notice of decertification to the secretary of commerce and, in such case, the investors shall not be liable for repayment to the state of credit amounts claimed under this act. A local seed capital pool which is not in compliance with the provisions of this act may voluntarily decertify itself by sending written notice of decertification to the secretary and by remitting to the secretary of the department of revenue full payment of all tax credits claimed by investors under its participation in the certification program which cost shall be borne by the pool's partners.History: L. 1987, ch. 365, § 4; July 1.
KS Stat § 74-8405 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 84 - Local Seed Capital Pools|74-8405 Annual report of secretary of commerce; contents.

74-8405. Annual report of secretary of commerce; contents. (a) Pursuant to K.S.A. 74-5049, and amendments thereto, the secretary of commerce shall report the following:(1) The number of local seed capital pools;(2) the total tax credit generated;(3) the total investments made in Kansas venture capital companies;(4) the total investments in Kansas businesses by local seed capital pools;(5) an estimate of jobs created or preserved under the program; and(6) an estimate of the multiplier effect on the Kansas economy of the program.(b) Additionally, in the report the secretary shall evaluate the success of the program in collaboration with the standing committee on commerce of the senate and the standing committee on commerce, labor and economic development of the house of representatives, and may include specific recommendations for legislation.History: L. 1987, ch. 365, § 5; L. 1993, ch. 136, § 17; L. 1996, ch. 205, § 12; L. 2003, ch. 154, § 77; L. 2012, ch. 65, § 23; L. 2013, ch. 134, § 19; July 1.
KS Stat § 74-8406 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 84 - Local Seed Capital Pools|74-8406 Same; state not liable to investors in local seed capital pools.

74-8406. Same; state not liable to investors in local seed capital pools. The state of Kansas shall not be held liable for any damages to an investor in a local seed capital pool.History: L. 1987, ch. 365, § 6; July 1.
KS Stat § 74-8701 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 87 - State Lottery|74-8701 Title of act.

74-8701. Title of act. K.S.A. 74-8701 through 74-8721 shall be known as and may be cited as the Kansas lottery act.History: L. 1987, ch. 292, § 1; Mar. 19.
KS Stat § 74-8703 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 87 - State Lottery|74-8703 Kansas lottery established; executive director and other personnel; cooperation of other agencies; emergency purchases.

74-8703. Kansas lottery established; executive director and other personnel; cooperation of other agencies; emergency purchases. (a) There is hereby established an independent state agency to be called the Kansas lottery, the head of which shall be the executive director of the Kansas lottery. Under the supervision of the executive director, the Kansas lottery shall administer the state lottery as provided in this act. The overall management of the state lottery and control over the operation of its games shall rest solely with the Kansas lottery.(b) The executive director shall be appointed by the governor, subject to confirmation by the senate as provided by K.S.A. 75-4315b, and amendments thereto. Except as provided by K.S.A. 46-2601, and amendments thereto, no person appointed as executive director shall exercise any power, duty or function as executive director until confirmed by the senate. The executive director shall be in the unclassified service and shall receive an annual salary fixed by the governor, subject to the limitations of appropriations therefor.(c) The executive director shall appoint persons to the following positions to serve as full-time employees of the state in the unclassified service with compensation fixed by the executive director and approved by the governor, subject to the limitations of appropriations therefor:(1) A deputy executive director;(2) a director of security;(3) a director of administration;(4) a director of sales and such professional sales related positions as may be necessary within the sales division;(5) a director of marketing and such professional marketing related positions as may be necessary within the marketing division; and(6) one personal secretary and one special assistant to the executive director.(d) Until such time as the Kansas lottery begins the operation of its games, temporary staffing, budgeting, purchasing and related management functions shall be provided by the Kansas department of revenue and other state agencies as directed by the governor to achieve maximum coordination in the planning and implementation of the Kansas lottery.(e) For a period of 18 months after the effective date of this act, the state director of purchases, upon request of the executive director, shall make emergency purchases, other than purchases of major procurements, on behalf of the Kansas lottery pursuant to subsection (a)(5) of K.S.A. 75-3739, and amendments thereto, when the timely implementation of the Kansas lottery requires the immediate delivery of supplies, materials or equipment or the immediate performance of services. The award of any contract for any such purchase shall be subject to the approval of the executive director.History: L. 1987, ch. 292, § 3; L. 1989, ch. 245, § 1; L. 2008, ch. 121, § 14; July 1.
KS Stat § 74-8706 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 87 - State Lottery|74-8706 Executive director, duties.

74-8706. Executive director, duties. The executive director shall have the duty to:(a) Make and keep books and records which accurately and fairly reflect each day's transactions, including but not limited to: The distribution of tickets and shares to lottery retailers; receipt of funds, prize claims, prize disbursements made by the Kansas lottery or otherwise or prizes liable to be paid by the Kansas lottery; expenses and other financial transactions of the Kansas lottery necessary so as to permit daily accountability.(b) Make quarterly and annual financial reports to the commission, the governor, the state treasurer and the legislature. Such reports shall be based upon generally accepted accounting principles and include a full and complete statement of lottery revenues, prize disbursements, expenses, net revenues and other financial transactions for the reporting period.(c) Make available for inspection by the commission, upon request, all books, records, files and other information and documents of the Kansas lottery.(d) Engage, in accordance with K.S.A. 74-8705, and amendments thereto, an independent firm experienced in marketing research and analysis to conduct periodically an evaluation to determine the effectiveness of marketing, promotion and public information programs used by the Kansas lottery and make recommendations which will enhance such programs.(e) Prepare and submit budgets and proposals for the operation of the Kansas lottery.(f) Operate the Kansas lottery in such a manner that, after the initial state appropriation, it is self-sustaining and self-funded.(g) Make available at the point of sale of any lottery tickets or shares a list of the odds of winning such game, based upon the number of tickets or shares projected to be sold.(h) Make provision for the timely and efficient transfer of funds due from lottery retailers to the lottery operating fund, including the use of electronic funds transfers whenever possible.History: L. 1987, ch. 292, § 6; L. 1988, ch. 314, § 2; L. 2001, ch. 24, § 2; July 1.
KS Stat § 74-8712 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 87 - State Lottery|74-8712 Lottery prize payment fund.

74-8712. Lottery prize payment fund. (a) There is hereby established in the state treasury the lottery prize payment fund.(b) The executive director shall certify periodically to the director of accounts and reports such amounts as the executive director determines necessary to pay prizes to the holders of valid winning lottery tickets or shares or for the purchase of nonmonetary prizes. Upon receipt of such certification, the director of accounts and reports shall transfer the amount certified from the lottery operating fund to the lottery prize payment fund. Moneys credited to the fund shall be expended only for:(1) The payment of prizes to the holders of valid winning lottery tickets or shares;(2) the reimbursement of retailers who have paid holders of winning tickets or shares;(3) the purchase of nonmonetary prizes; or(4) purposes otherwise specifically authorized by law.(c) Prior to making any expenditure for reimbursement of a retailer or payment of a prize of $50 or more, the executive director shall cause all proposed prize payments to be matched against the state debtor files maintained by the director of accounts and reports and shall certify and pay or deliver any matched prize or the cash amount thereof to the director of accounts and reports for setoff as prescribed under K.S.A. 75-6201 et seq., and amendments thereto.(d) Expenditures from the lottery prize payment fund shall be made in accordance with appropriations acts upon warrants of the director of accounts and reports, or a person designated by the director of accounts and reports pursuant to K.S.A. 75-3732, and amendments thereto, issued pursuant to vouchers approved by the executive director, or a person designated by the executive director.History: L. 1987, ch. 292, § 12; L. 1988, ch. 314, § 5; L. 2000, ch. 173, § 19; July 1.