Kansas Statutes 74-5065. Definitions
Terms Used In Kansas Statutes 74-5065
- Act: means the provisions of Kan. See Kansas Statutes 74-50,211
- department: means the department of commerce;
(4) "entrepreneur" means an individual creating a new business, service or product;
(5) "region" means multi-county areas as defined by the secretary of commerce;
(6) "regional business development fund" means an authorized and audited fund that is created by taxpayer contributions, interest income and investment income and is managed by the regional foundation board of directors for the purposes of economic and leadership development in the region;
(7) "regional foundation" means any organization in Kansas that demonstrates capacity to provide economic development services to regions as defined by this act, and: (A) Has obtained a ruling from the internal revenue service of the United States department of treasury that such organization is exempt from income taxation under the provisions of section 501(c)(3) or 501(c)(6) of the federal internal revenue code;
(B) has been designated as a certified development company by the United States small business administration;
(C) has been designated as an economic development district by the United States department of commerce's economic development administration;
(D) has been organized as a regional planning commission under Kan. See Kansas Statutes 74-50,154
- New or expanding industry: means an industry which is locating or is newly located in Kansas or an existing industry which is located in Kansas and is expanding its work force. See Kansas Statutes 74-5065
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Program: means the Kansas individual development account program established in Kan. See Kansas Statutes 74-50,202
- Restructuring industry: means an existing industry which is located in Kansas and is restructuring its operations through incorporation of existing technology, development and incorporation of new technology, diversification of production or development and implementation of new production. See Kansas Statutes 74-5065
- Retraining: means retraining of employees of a restructuring industry who are likely to be displaced because of obsolete or inadequate job skills and knowledge. See Kansas Statutes 74-5065
- Secretary: means the secretary of commerce. See Kansas Statutes 74-5059
- Training: means training of employees or preemployment training of prospective employees for jobs newly created by a new or expanding industry. See Kansas Statutes 74-5065
As used in this act:
(a) “Kansas industrial training program” or “KIT program” means a program under which the secretary provides for training, customized to meet the specifications of a new or expanding industry, of new employees or prospective employees, or both, of the industry.
(b) “Kansas industrial retraining program” or “KIR program” means a program under which the secretary provides for retraining, customized to meet the specifications of a restructuring industry, of employees of the industry.
(c) “New or expanding industry” means an industry which is locating or is newly located in Kansas or an existing industry which is located in Kansas and is expanding its work force.
(d) “Training” means training of employees or preemployment training of prospective employees for jobs newly created by a new or expanding industry.
(e) “Restructuring industry” means an existing industry which is located in Kansas and is restructuring its operations through incorporation of existing technology, development and incorporation of new technology, diversification of production or development and implementation of new production.
(f) “Retraining” means retraining of employees of a restructuring industry who are likely to be displaced because of obsolete or inadequate job skills and knowledge.
(g) “Job training agency” means any public or private educational or job training institution and any other public or private entity which is qualified to provide the training or retraining required under the KIT and KIR programs, including apprenticeship programs that are registered through the Kansas apprenticeship council and recognized by the United States department of labor, bureau of apprenticeship training.
(h) “Secretary” means the secretary of commerce [and housing].
(i) “Agricultural land,” “corporation,” “corporate partnership,” “limited liability company,” “limited partnership,” “swine production facility” and “trust” have the meanings ascribed pursuant to Kan. Stat. Ann. § 17-5903, and amendments thereto.