Kansas Statutes 75-3650. Same; disposition of revenues from lease of property
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Terms Used In Kansas Statutes 75-3650
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
Revenues derived from the lease of the property described in Kan. Stat. Ann. § 75-3648 shall be deposited in the state buildings operating fund. Except as otherwise authorized by law, expenditures from such fund shall be used to pay interest and principal on the loan authorized by Kan. Stat. Ann. §§ 75-3649 or the principal and interest on bonds issued pursuant to Kan. Stat. Ann. §§ 75-3653 and to pay the costs of operating and maintaining the property described in Kan. Stat. Ann. § 75-3648.