Kansas Statutes 74-5062. Same; review of allocation; assistance of advisory committee
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Terms Used In Kansas Statutes 74-5062
- Act: means the provisions of Kan. See Kansas Statutes 74-50,211
- Allocation: means the allocation of the state ceiling among governmental issuers as provided in this act. See Kansas Statutes 74-5059
- committee: means the community strategic planning grant committee established by Kan. See Kansas Statutes 74-5093
- Secretary: means the secretary of commerce. See Kansas Statutes 74-5059
- State: means the state of Kansas. See Kansas Statutes 74-5059
- State ceiling: means the ceiling applicable under the code to the aggregate face amount of qualified private activity bonds, the interest on which is exempt from federal income taxation, which may be issued within this state during any calendar year. See Kansas Statutes 74-5059
The secretary, from time to time, shall review and evaluate the use of and demand for allocations of the state ceiling for issuance of private activity bonds and may utilize an advisory committee to assist in the determination of such allocations. If it appears to the secretary that the allocation of the state ceiling pursuant to the provisions of this act should be revised, the secretary shall recommend to the governor and the legislature an alternative method for allocation of the state ceiling.