Chapter 74 — STATE BOARDS, COMMISSIONS AND AUTHORITIES

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. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Polic…

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. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC …

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…

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 74-82…

74-8221. History: L. 2002, ch. 115, § 1; L. 2003, ch. 154, § 76; Repealed, L. 2004, ch. 112, § 86; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived S…

74-8222. History: L. 2002, ch. 115, § 2; L. 2003, ch. 20, § 1; Repealed, L. 2004, ch. 112, § 86; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived Sch…

74-8223. History: L. 2002, ch. 115, § 3; L. 2003, ch. 20, § 4; Repealed, L. 2004, ch. 112, § 86; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived Sch…

74-8224. History: L. 2002, ch. 115, § 4; Repealed, L. 2004, ch. 112, § 86; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents …

74-8225. History: L. 2002, ch. 115, § 5; L. 2003, ch. 20, § 2; Repealed, L. 2004, ch. 112, § 86; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived Sch…

74-8226. History: L. 2002, ch. 115, § 6; L. 2003, ch. 20, § 3; Repealed, L. 2004, ch. 112, § 86; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived Sch…

[Repealed or reserved.]

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. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF …

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 creati…

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, preferr…

74-8304. Tax credit for investments in certified Kansas venture capital companies by corporations; determination and allowance. (a) There shall be allowed as a credit against the tax imposed by the Kansas income tax act on the Kansas taxable income of a taxpayer and against the t…

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 in…

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. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC M…

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 compa…

74-8307. Same; requirements to continue certification; confidentiality and security of documents submitted therefor; limitation on ownership of majority equity interest in business in which funds invested. (a) To continue in certification, a Kansas venture capital company must: (…

74-8308. Same; reporting requirements; annual compliance review of each company by secretary, costs; notice of noncompliance; decertification; notice of forfeited tax credits. (a) Each qualified Kansas venture capital company shall report to the secretary on an annual basis such …

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 c…

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 ventur…

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. Previous | Next LEGISLATIVE COORDINATING COUNCIL G…

74-8316. Technology-based venture-capital fund authorized; investments in fund qualify for Kansas income tax credit by corporations; authorized investments fund limitations. (a) The secretary is hereby authorized to facilitate the establishment of a technology-based venture-capit…

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 f…

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…

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 …

74-8401. Local seed capital pools; income tax credit for cash investment by corporations; limitations; definitions. (a) There shall be allowed as a credit against the tax imposed by the Kansas income tax act on the Kansas taxable income of a taxpayer and against the tax imposed b…

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 informa…

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…

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 co…

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 …

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. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Pol…

74-8501. History: L. 1987, ch. 286, § 1; L. 1989, ch. 242, § 1; Expired, December 31, 1990. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance D…

74-8502. History: L. 1987, ch. 286, § 2; L. 1989, ch. 242, § 2; Expired, December 31, 1990. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance D…

74-8503. History: L. 1987, ch. 286, § 3; Expired, December 31, 1990. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS S…

74-8504. History: L. 1987, ch. 286, § 4; Expired, December 31, 1990. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS S…

74-8505. History: L. 1987, ch. 286, § 5; L. 1989, ch. 242, § 3; L. 1989, ch. 243, § 1; Expired, December 31, 1990. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Ar…

[Repealed or reserved.]

74-8606. History: L. 1987, ch. 203, § 6; L. 1990, ch. 292, § 1; Repealed, L. 1992, ch. 116, § 54; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived Sc…

[Repealed or reserved.]

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; March 19. Attorney General's Opinions: Lotteries; Indian gaming regulating act. 91-119. Kansas lottery employees and affiliation wit…

74-8702. Definitions. As used in the Kansas lottery act, unless the context otherwise requires: (a) "Ancillary lottery gaming facility operations" means additional non-lottery facility game products and services not owned and operated by the state that may be included in the over…

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 K…

74-8704. Executive director, powers. (a) The executive director shall have the power to: (1) Supervise and administer the operation of the state lottery in accordance with the provisions of this act and such rules and regulations as adopted hereunder. (2) Appoint, subject to the …

74-8705. Major procurement contracts; procurement negotiating committee; background investigation and information. (a) Major procurement contracts shall be awarded in accordance with K.S.A. 75-3738 through 75-3744, and amendments thereto, or subsection (b), as determined by the d…

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 …

74-8707. History: L. 1987, ch. 292, § 7; L. 1993, ch. 10, § 2; L. 2001, ch. 24, § 3; Repealed, L. 2014, ch. 54, § 5; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Do…

74-8708. Lottery retailers. (a) The executive director shall select as lottery retailers such persons as deemed best able to serve the public convenience and promote the sale of tickets or shares in accordance with marketing plans developed by the Kansas lottery. In the selection…

74-8709. Kansas lottery commission; membership; qualifications; chairperson; terms; meetings; powers and duties; compensation and allowances. (a) There is hereby created the Kansas lottery commission, which shall be composed of five members who shall be appointed by the governor,…