Kan. Admin. Regs. § 110-13-3 - Determination of regional foundations
(a)
Within each region, agencies and organizations that exist primarily to engage
in economic development activities on behalf of cities, counties, and
multicounty areas shall propose one agency or organization among them as the
regional foundation. The agency or organization that is the proposed regional
foundation shall submit an application to the secretary, on a form provided by
the department.
(b) The name,
address, and occupation of each regional foundation board member shall be
submitted to the secretary within 10 business days after the board is chosen.
(c) Each regional foundation shall
provide documentation supporting at least one of the criteria specified in
K.S.A. 74-50,154 and amendments thereto.
(d) Each regional foundation's board of
directors shall oversee and determine the use of funds generated through
contributions.
(e) Each regional
foundation shall provide the secretary with the following information:
(1) Its investment philosophy, including how
the regional foundation intends to target the funds generated through
contributions towards specific industries, businesses, services, or products;
and
(2) a written policy
describing the criteria and procedures that the regional foundation intends to
use to review and to approve or deny applications submitted to the foundation
for the use of funds within the region.
(f) Each regional foundation shall provide
the secretary with a list of projects that provide economic and leadership
development appropriate for that region.
(g) If the agencies and organizations within
a region are unable to propose a regional foundation pursuant to subsection
(a), each agency or organization within the region requesting designation as
the regional foundation shall submit the following information to the secretary
for determination as to the designation of the regional foundation:
(1) The name, address, and history of the
agency or organization and the manner in which the agency or organization
qualifies pursuant to subsection (c);
(2) a list of the names and occupations of
the board of directors who are proposed by the agency or organization;
(3) a history of the agency's or
organization's economic development activities;
(4) the types of supporting proposals for
funding that the agency or organization believes are best suited to the region
and the supporting reasons;
(5)
the reason that the agency or organization is best suited to lead and moderate
economic development projects in the region;
(6) a description of the prior fund-raising
capacity of the members of the agency or organization; and
(7) examples of community support within the
region for the applicant's appointment as the regional foundation.
Notes
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