Kan. Admin. Regs. § 110-9-1 - Definitions
As used in these regulations, the following terms shall have these meanings:
(a) "Applicant" means
a city in Kansas seeking to finance a redevelopment project using STAR bonds.
(b) "City" means the governing
body of an incorporated Kansas municipality.
(c) "County" means any county recognized
under K.S.A. 18-101 et seq., and amendments thereto.
(d) "Direct expenditures" means visitors'
spending that directly supports the jobs and incomes of people and firms that
deal directly with visitors brought to an area by a tourism attraction.
(e) "Direct job creation" means
the establishment of any position in which a person will be employed by a
business to perform duties in connection with the operation of the business on
one of the following bases:
(1) A year-round,
full-time basis;
(2) a part-time
basis, if the person is customarily performing the duties at least 20 hours
each week throughout the taxable year; or
(3) a seasonal basis, if the person performs
the duties for substantially all of the season customary for the position in
which the person is employed.
(f) "Eligible area" has the meaning specified
in K.S.A. 12-1770a, and amendments thereto. This term may include noncontiguous
land if the secretary determines that a sufficient connection exists
appropriate for the proposed project.
(g) "Enabling effects" means the pattern of
business development of compatible industries in an area or region due to
direct, indirect, or induced expenditures and the environmental effects of a
tourism attraction.
(h) "Fixtures"
means goods, as defined in the uniform commercial code, K.S.A. 84-1-101 et seq.
and amendments thereto, that have become so related to specific real property
that an interest in them arises under real property law.
(i) "Indirect expenditures" means the amount
of money expended in regional sectors that supply goods and services in support
of the direct expenditures resulting from a tourism attraction.
(j) "Induced expenditures" means the
increased sales within a region resulting from a tourism attraction.
(k) "Principal" means one or more persons
with the primary responsibility for the development of a STAR bond project.
(l) "Secretary" means the
secretary of the department of commerce.
(m) "STAR bonds" means sales tax revenue
bonds payable from the revenue sources identified in K.S.A. 12-1774(a)(1)(D)
and K.S.A. 12-1774(a)(1)(F), and amendments thereto.
Notes
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