reglab/housing_qa huggingface dataset:
KS Stat § 74-8126 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 81 - Kansas Technology Enterprise Corporation|74-8126 Same; transfer of property and records to secretary or department of commerce; resolution of conflicts.

74-8126. Same; transfer of property and records to secretary or department of commerce; resolution of conflicts. (a) When any conflict arises as to the disposition of any property, power, duty or function or the unexpended balance of any appropriation as a result of any abolition or transfer made by or under K.S.A. 74-8124, and amendments thereto, shall be resolved by the governor, whose decision shall be final.(b) The department of commerce shall succeed to all property, property rights and records which were used for or pertain to the performance of powers, duties and functions transferred to the department of commerce pursuant to K.S.A. 74-8124, and amendments thereto. Any conflict as to the proper disposition of property, personnel or records arising under this section or K.S.A. 74-8124 or 74-8125, and amendments thereto, shall be determined by the governor, whose decision shall be final.History: L. 2011, ch. 104, § 4; June 2.
KS Stat § 74-8127 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 81 - Kansas Technology Enterprise Corporation|74-8127 Same; transfer of certain powers and duties to board of regents; transfer of certain funds to board of regents; transfer of certain liabilities to board of regents.

74-8127. Same; transfer of certain powers and duties to board of regents; transfer of certain funds to board of regents; transfer of certain liabilities to board of regents. (a) On the effective date of this act, the following powers, duties and functions of the Kansas technology enterprise corporation are hereby transferred to and conferred and imposed upon the board of regents:(1) All powers, duties and functions under K.S.A. 74-8102 through 74-8111, and amendments thereto, relating to the strategic technology and research (STAR) fund; and(2) all powers, duties and functions under K.S.A. 74-8102 through 74-8111, and amendments thereto, relating to the experimental program to stimulate competitive research (EPSCoR).(b) The director of accounts and reports shall transfer all balances for all funds or accounts thereof appropriated or reappropriated for the Kansas technology enterprise corporation relating to the powers, duties and functions transferred by this section, and amendments thereto, to the board of regents.(c) All liabilities of the Kansas technology enterprise corporation relating to the powers, duties and functions transferred by this section, and amendments thereto, including accrued compensation or salaries of officers and employees who are transferred to the board of regents under this section, and amendments thereto, shall be assumed and paid by the board of regents.History: L. 2011, ch. 104, § 5; June 2.
KS Stat § 74-8129 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 81 - Kansas Technology Enterprise Corporation|74-8129 Same; transfer of certain property and records to board of regents; resolution of conflicts.

74-8129. Same; transfer of certain property and records to board of regents; resolution of conflicts. (a) When any conflict arises as to the disposition of any property, power, duty or function or the unexpended balance of any appropriation as a result of any abolition or transfer made by or under K.S.A. 74-8127, and amendments thereto, shall be resolved by the governor, whose decision shall be final.(b) The board of regents shall succeed to all property, property rights and records which were used for or pertain to the performance of powers, duties and functions transferred to the board of regents pursuant to K.S.A. 74-8127, and amendments thereto. Any conflict as to the proper disposition of property, personnel or records arising under this section or K.S.A. 74-8127 or 74-8128, and amendments thereto, shall be determined by the governor, whose decision shall be final.History: L. 2011, ch. 104, § 7; June 2.
KS Stat § 74-8130 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 81 - Kansas Technology Enterprise Corporation|74-8130 Same; rights preserved in legal actions and proceedings.

74-8130. Same; rights preserved in legal actions and proceedings. (a) No suit, action or other proceeding, judicial or administrative, lawfully commenced, or which could have been commenced, by or against any state agency or program mentioned in K.S.A. 74-8124 through 74-8129, and amendments thereto, or by or against any officer of the state in such officer's official capacity or in relation to the discharge of such officer's official duties, shall abate by reason of the governmental reorganization effected under the provisions of K.S.A. 74-8124 through 74-8129, and amendments thereto. The court may allow any such suit, action or other proceeding to be maintained by or against the successor of any such state agency or any officer affected.(b) No criminal action commenced or which could have been commenced by the state shall abate by the taking effect of this section, and amendments thereto.History: L. 2011, ch. 104, § 8; June 2.
KS Stat § 74-8130a (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 81 - Kansas Technology Enterprise Corporation|74-8130a Effective date for certain sections.

74-8130a. Effective date for certain sections. K.S.A. 74-8123 through 74-8130, inclusive, shall become effective on July 1, 2011.History: L. 2011, ch. 104, § 9; June 2.
KS Stat § 74-8131 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 81 - Kansas Technology Enterprise Corporation|74-8131 Citation of act; purpose.

74-8131. Citation of act; purpose. (a) The purpose of the Kansas angel investor tax credit act is to facilitate the availability of equity investment in businesses in the early stages of commercial development and to assist in the creation and expansion of Kansas businesses, which are job and wealth creating enterprises, by granting tax credits against the Kansas income tax liability of investors investing in these businesses. The Kansas angel investor tax credit act shall be administered by the secretary with the primary goal of encouraging individuals to provide seed-capital financing for emerging, Kansas businesses engaged in the development, implementation and commercialization of innovative technologies, products and services.(b) K.S.A. 74-8131 through 74-8137, and amendments thereto, shall be known and may be cited as the Kansas angel investor tax credit act.History: L. 2004, ch. 112, § 74; L. 2005, ch. 134, § 1; L. 2011, ch. 104, § 26; July 1.
KS Stat § 74-8135 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 81 - Kansas Technology Enterprise Corporation|74-8135 Same; designation upon determination that criteria satisfied; reporting requirements.

74-8135. Same; designation upon determination that criteria satisfied; reporting requirements. (a) The designation of a business as a qualified Kansas business shall be made by the secretary, and such designation must be renewed annually. A business shall be so designated if the secretary determines, based upon the application submitted by the business and any additional investigation the staff of the department shall make, that the following criteria have been or shall be satisfied:(1) The business has a reasonable chance of success;(2) the business has the reasonable potential to create measurable employment within the state;(3) the business has an innovative and proprietary technology, product and service;(4) the existing owners of the business and other founders have made or are committed to make a substantial financial and time commitment to the business;(5) the securities to be issued and purchased are qualified securities; and(6) binding commitments have been made by the business to the department for adequate reporting of financial data, including a requirement for an annual report, or, if required by the secretary, an annual audit of the financial and operational records of the business, the right of access to the financial records of the business and the right of the department to record and publish normal and customary data and information related to the issuance of tax credits that are not otherwise determined to be trade or business secrets.(b) In addition to reports by the businesses to the department, the secretary will also provide an annual report, on or before February 1, to the governor, to the senate committee on commerce and the house committee on commerce, labor and economic development and any successor committees thereto, on the marketing and use of the angel investor tax credits. This report will include the following: The amount of tax credits used in the previous fiscal year including what percentage was claimed by individuals and what percentage was claimed by investment firms; the types of businesses that benefited from the tax credits; and any aggregate job creation or capital investment in Kansas that resulted from the use of the tax credits for a period of five years beginning from the date on which the tax credits were awarded. In addition, the annual report will provide information regarding what businesses which derived benefit from the tax credits remained in Kansas and what businesses ceased business, what businesses were purchased and what businesses may have moved out-of-state and why.History: L. 2004, ch. 112, § 78; L. 2005, ch. 134, § 5; L. 2007, ch. 184, § 10; L. 2011, ch. 104, § 30; L. 2013, ch. 134, § 14; July 1.
KS Stat § 74-8137 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 81 - Kansas Technology Enterprise Corporation|74-8137 Same; state not liable to investors.

74-8137. Same; state not liable to investors. The state of Kansas shall not be held liable for any damages to any investor that makes an investment in any qualified security of a qualified Kansas business.History: L. 2004, ch. 112, § 80; July 1.
KS Stat § 74-8201 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8201 Kansas statewide risk capital system; purposes.

74-8201. Kansas statewide risk capital system; purposes. The purpose of this act is to create a Kansas statewide risk capital system to meet the special needs of the various regions of Kansas. This system will invest $10,000,000 of state funds to create private risk capital for investment in smaller Kansas businesses. This investment will, in turn, lead to further growth, diversification and improvement of the Kansas economy in all geographic regions in a diversified range of primary sectors concerned with products, processes and services that create jobs, wealth and income for the benefit of Kansas and Kansans especially in nonmetropolitan areas of the state.History: L. 1986, ch. 332, § 1; May 22.
KS Stat § 74-8202 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8202 Definitions.

74-8202. Definitions. For the purposes of this act, the following terms shall have the meanings provided herein:(a) "Department" means the department of commerce.(b) "Kansas business" means any small business owned by an individual, any partnership, association or corporation domiciled in Kansas, or any corporation, even if a wholly owned subsidiary of a foreign corporation, that does business primarily in Kansas or does substantially all of its production in Kansas.(c) "Secretary" means the secretary of the department of commerce.History: L. 1986, ch. 332, § 2; L. 1987, ch. 319, § 1; Apr. 23.
KS Stat § 74-8204 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8204 Annual report by Kansas venture capital, inc.; contents.

74-8204. Annual report by Kansas venture capital, inc.; contents. (a) Kansas venture capital, inc., shall prepare and publish an annual report of its activities for the information of the governor, the standing committee on commerce of the senate, the standing committee on commerce, labor and economic development of the house of representatives, securities commissioner of Kansas, attorney general and the public which shall be made widely available and shall specifically account for:(1) The manner in which the purpose as described in this act has been carried out by Kansas venture capital, inc.;(2) the total investments made annually by Kansas venture capital, inc., in Kansas businesses;(3) an estimate of jobs created and jobs preserved by investments by Kansas venture capital, inc., in Kansas businesses;(4) an estimate of the multiplier effect on the Kansas economy of investments by Kansas venture capital, inc., in Kansas businesses; and(5) an analysis of the targeting of scarce resources by Kansas venture capital, inc., by size, sector and location to enterprises of particular need and opportunity.(b) The report to the standing committee on commerce of the senate and the standing committee on commerce, labor and economic development of the house of representatives under this section shall be made by Kansas venture capital, inc., either: (1) By publishing such report on the internet and by notifying each member of the committees that the report is available and providing, as part of such notice, the uniform resource locator (URL) at which such report is available; or (2) by submitting copies of such report on CD-ROM or other electronically readable media.History: L. 1986, ch. 332, § 4; L. 1993, ch. 136, § 15; L. 2002, ch. 151, § 8; L. 2012, ch. 65, § 20; L. 2013, ch. 134, § 16; July 1.
KS Stat § 74-8205 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8205 Tax credits for investment in stock of Kansas Venture Capital, Inc. by banks, savings and loan associations and insurance companies; taxable years applicable.

74-8205. Tax credits for investment in stock of Kansas Venture Capital, Inc. by banks, savings and loan associations and insurance companies; taxable years applicable. (a) Except as otherwise provided in K.S.A. 74-8207, and amendments thereto, every national banking association, state bank, savings and loan association or insurance company investing in stock issued by Kansas Venture Capital, Inc. shall be entitled to a credit in an amount equal to 25% of the total amount of cash investment in such stock against the tax liability imposed against such taxpayer pursuant to K.S.A. 79-1106 to 79-1116, inclusive, and amendments thereto or K.S.A. 40-252, and amendments thereto, as the case requires. The amount by which that portion of the credit allowed by this section exceeds the taxpayer's tax liability in any one taxable year may be carried forward until the total amount of the credit is used.(b) The provisions of this section shall be applicable to investments made in all taxable years commencing after December 31, 1997, and until all allowed credits are exhausted.History: L. 1986, ch. 332, § 10; L. 1987, ch. 320, § 5; L. 1988, ch. 313, § 1; L. 1993, ch. 151, § 2; L. 1998, ch. 108, § 2; July 1.
KS Stat § 74-8206 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8206 Income tax credit for investment in stock of Kansas Venture Capital, Inc. by corporations.

74-8206. Income tax credit for investment in stock of Kansas Venture Capital, Inc. by corporations. (a) Except as otherwise provided in K.S.A. 74-8207, and amendments thereto, every taxpayer investing in stock issued by Kansas Venture Capital, Inc. shall be entitled to a credit in an amount equal to 25% of the total amount of cash investment in such stock against the income tax liability imposed against such taxpayer pursuant to article 32 of chapter 79 of the Kansas Statutes Annotated. The amount by which that portion of the credit allowed by this section exceeds the taxpayer's tax liability in any one taxable year may be carried forward until the total amount of the credit is used. If the taxpayer is a corporation having an election in effect under subchapter S of the federal internal revenue code or a partnership, the credit provided by this section shall be claimed by the shareholders of such corporation or the partners of such partnership in the same manner as such shareholders or partners account for their proportionate shares of the income or loss of the corporation or partnership.(b) No taxpayer claiming a credit under this section for cash investment in stock issued by Kansas Venture Capital, Inc. shall be eligible to claim a credit for the same investment under the provisions of K.S.A. 74-8301 to 74-8311, inclusive, and amendments thereto.(c) The provisions of this section, and amendments thereto, shall be applicable to all taxable years commencing after December 31, 1997, until all allowed credits are exhausted.(d) For tax year 2013 and all tax years thereafter, the income tax credit provided by this section shall only be available to taxpayers subject to the income tax on corporations imposed pursuant to subsection (c) of K.S.A. 79-32,110, and amendments thereto, and shall be applied only against such taxpayer's corporate income tax liability.History: L. 1986, ch. 332, § 11; L. 1987, ch. 321, § 2; L. 1988, ch. 313, § 2; L. 1993, ch. 151, § 3; L. 1998, ch. 108, § 3; L. 2012, ch. 135, § 6; Jan. 1, 2013.
KS Stat § 74-8207 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8207 Limitation on tax credits.

74-8207. Limitation on tax credits. The secretary of revenue may allow credits pursuant to K.S.A. 74-8205 and 74-8206 and amendments thereto that are attributable to not more than $10,000,000 of cash investment in Kansas Venture Capital, Inc. subject to the overall limitations of subsection (b) of K.S.A. 74-8304 and subsection (b) of 74-8401 and amendments thereto. With respect to the additional amount of cash investments made eligible for tax credits by this act, $5,000,000 of such amount shall be dedicated and reserved until June 30, 1990, for cash investments in Kansas Venture Capital, Inc. The $50,000,000 amount of cash investments now eligible for the tax credits allowed pursuant to K.S.A. 74-8205, 74-8206, 74-8304 and 74-8401 and amendments thereto shall be reduced to the extent that the total amount of investments paid in to Kansas Venture Capital, Inc. on and after July 1, 1989, and before July 1, 1990, is less than $5,000,000.History: L. 1986, ch. 332, § 12; L. 1989, ch. 241, § 3; July 1.
KS Stat § 74-8208 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8208 State not liable to investors in Kansas Venture Capital, Inc.

74-8208. State not liable to investors in Kansas Venture Capital, Inc. The state of Kansas may not be held liable for any damages to an investor in Kansas Venture Capital, Inc.History: L. 1986, ch. 332, § 14; May 22.
KS Stat § 74-8209 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8209 Audit by legislative division of post audit.

74-8209. Audit by legislative division of post audit. Kansas Venture Capital, Inc. shall be subject to an audit by the legislative division of post audit.History: L. 1986, ch. 332, § 15; May 22.
KS Stat § 74-8210 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8210 Severability of act.

74-8210. Severability of act. If any provision of this act or the application thereof to any person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of the act which can be given effect without the invalid provision or application, and to this end the provisions of this act are severable.History: L. 1986, ch. 332, § 17; May 22.
KS Stat § 74-8211 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 82 - Kansas Statewide Risk Capital System|74-8211 Expiration of sections.

74-8211. Expiration of sections. At such time as the board of Kansas Venture Capital, Inc. redeems all of its nonvoting preferred stock as authorized pursuant to K.S.A. 74-8203, and amendments thereto, the provisions of K.S.A. 74-8203, 74-8204, 74-8207, 74-8208, 74-8209 and 74-8210 shall expire.History: L. 1998, ch. 108, § 8; July 1.
KS Stat § 74-8301 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8301 Citation of act.

74-8301. Citation of act. The provisions of this act shall be cited as the "Kansas venture capital company act."History: L. 1986, ch. 285, § 1; May 22.
KS Stat § 74-8302 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8302 Purpose of act.

74-8302. Purpose of act. The purpose of the Kansas venture capital company act is to facilitate the formation of private venture capital companies that meet generally accepted national standards for private venture capital companies, and that make equity investments in the creation and expansion of Kansas businesses which are job and wealth creating enterprises by granting tax credits against the Kansas income tax liability of taxpayers investing in such Kansas venture capital companies and taxpayers acquiring credits pursuant to transfers as provided in K.S.A. 74-8304a.History: L. 1986, ch. 285, § 2; L. 1987, ch. 322, § 1; Apr. 16.
KS Stat § 74-8303 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 83 - Kansas Venture Capital Company Act|74-8303 Definitions.

74-8303. Definitions. For the purposes of this act, the following terms shall have the meanings provided herein, unless the context clearly indicates otherwise:(a) "Department" means the department of commerce;(b) "equity" means all forms of equity such as common stock, preferred stock with or without voting rights and without regard to seniority of equity position, forms of subordinate or convertible debt, or both, with warrants or other means of equity conversion attached, or any other means of financing which meet generally accepted national standards for venture capital investment in the United States;(c) "Kansas business" means any small business owned by an individual, any partnership, association or corporation domiciled in Kansas, or any corporation, even if a wholly owned subsidiary of a foreign corporation, that does business primarily in Kansas or does substantially all of its production in Kansas;(d) "Kansas venture capital company" means any for-profit partnership, limited liability company or corporation that has as its primary business activity the investment of funds in return for equity in ventures that are in need of capital for expansion, new product development or similar business purposes and that may be certified by the secretary as meeting the criteria of this act and thus eligible for the tax credit provided in this act;(e) "secretary" means the secretary of the department of commerce;(f) "cash investment" means money or its equivalent in consideration for:(1) An equity interest, such as a general or limited partnership interest, common or preferred stock with or without voting rights and without regard to seniority position, forms of subordinate or convertible debt, or both, with warrants or other means of equity conversion attached; or(2) a debt instrument, such as a note or debenture, which is unsecured, subordinated to the general creditors of the debtor, and requires no payments of principal (other than principal payments required to be made out of any future profits of such debtor) for at least a seven-year period after commencement of its term.History: L. 1986, ch. 285, § 3; L. 1987, ch. 320, § 1; L. 1998, ch. 108, § 4; July 1.