Chapter 74: State Boards, Commissions And Authorities

Article 83: Kansas Venture Capital Company Act

Statute 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 venture capital companies;

      (4)   the total investments in Kansas businesses by Kansas venture capital companies;

      (5)   an estimate of jobs created or preserved under the program; and

      (6)   an estimate of the multiplier effect on the Kansas economy of the program.

      (b)   Additionally, in the report the secretary shall evaluate the success of the program in collaboration with Kansas, Inc. and the standing committee on commerce of the senate, the standing committee on economic development of the house of representatives and the joint committee on economic development, and may include specific recommendations for legislation.

      History:   L. 1986, ch. 285, § 10; L. 1993, ch. 136, § 16; L. 1996, ch. 205, § 11; July 1.