CHAPTER 129 HOUSE BILL No. 2493* An Act concerning the state fair; relating to acquisition, construction, equipping, furnishing,
renovation, reconstruction and repair of the Kansas state fairgrounds. Be it enacted by the Legislature of the State of Kansas:

      Section  1. (a) The state fair board may make expenditures from
money available therefor for the acquisition, construction, equipping, fur-
nishing, renovation, reconstruction and repair of the Kansas state fair-
grounds. Capital improvement projects for the acquisition, construction,
equipping, furnishing, renovation, reconstruction and repair of the Kansas
state fairgrounds are hereby approved for the state fair board for the
purposes of subsection (b) of K.S.A. 74-8905, and amendments thereto
and the authorization of one or more series of revenue bonds by the
Kansas development finance authority in accordance with that statute.
Expenditures from bond proceeds authorized by this section for these
capital improvement projects shall not exceed an aggregate of
$29,000,000 plus all amounts required for costs of any bond issuance, cost
of interest on any bond issued or obtained for such capital improvement
project and any required reserves for payment of any principal and in-
terest on any bond.

      (b) The state fair board shall pursue local, state and private funds to
offset expenditures from the state treasury for payment of principal and
interest on bonds issued to finance capital improvements for the Kansas
state fairgrounds. Subject to the provisions of appropriation acts, moneys
credited to the state economic development initiatives fund may be ex-
pended for payment of principal and interest on bonds issued to finance
such capital improvements. Prior to the issuance of any bonds authorized
pursuant to this section for any such capital improvement project, the
general manager of the Kansas state fair shall report to the state finance
council concerning such project and such issuance. The report shall spe-
cifically include information about the proposed utilization of bond pro-
ceeds for any capital improvement project and the availability and use of
other sources including local, state and private funds. No bonds shall be
issued under this section except upon approval by the state finance coun-
cil acting on this matter after a review by the joint committee on state
building construction. The approval of the issuance of bonds is hereby
characterized as a matter of legislative delegation and subject to the
guidelines prescribed in subsection (c) of K.S.A. 75-3711c, and amend-
ments thereto. Approval by the state finance council may be given when
the legislature is in session.

      (c) There is hereby established the state fair debt service special rev-
enue fund in the state treasury. All moneys credited to this fund shall be
expended for the payment of principal and interest on bonds issued to
finance capital improvements for the Kansas state fairgrounds under this
section. All expenditures from the state fair debt service special revenue
fund shall be in accordance with the provisions of appropriation acts pur-
suant to vouchers approved by the general manager of the Kansas state
fair board or by the designee of the general manager.

      (d) During the fiscal year ending June 30, 2003, after bonds are issued
by the Kansas development finance authority to finance capital improve-
ments for the Kansas state fairgrounds in accordance with this section,
the general manager of the Kansas fair board shall certify that fact to the
director of accounts and reports and, upon receipt of such certification,
or as soon thereafter as moneys are available therefor, the director of
accounts and reports shall transfer an amount or amounts from the state
economic development initiatives fund or other available funds of the
state, as specified by appropriation act, to the state fair debt service special
revenue fund.

 Sec.  2. This act shall take effect and be in force from and after its
publication in the statute book.

Approved April 19, 2001.
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