Kan. Admin. Regs. § 97-4-3 - Financing

Current through Register Vol. 40, No. 39, September 30, 2021

(a) The cost of each capital improvement project shall be totally financed with private monies. Each proposal for a capital improvement project shall include the costs of the following in the cost estimate:
(1) The preparation of preliminary reports;
(2) the preparation of plans and specifications;
(3) the preparation and publication of notices of hearings, resolutions, ordinances, and other proceedings;
(4) necessary fees and expenses for consultants and any interest accrued on borrowed money during the period of construction;
(5) land, materials, labor, and other lawful expenses incurred in planning and completing any improvement; and
(6) ongoing maintenance and support.
(b)
(1) Each advisory committee shall ensure that all funds raised for the construction of the capital improvement project, including funds necessary for ongoing maintenance, are deposited into the Kansas veterans memorial fund of the state treasury before the acceptance of bids or the start of construction.
(2) If, at any time before the start of construction, the commission determines that funds will not be available to complete the project, all funds shall be returned by the commission to their respective donors.
(3) Memorial funds shall not be used by the commission for any purpose other than the planning, administrative work, construction, and maintenance of the memorial for veterans designated by the donor. The final expense report shall be submitted by the director to the commission and to the advisory committee within 60 days of project completion.

Notes

Kan. Admin. Regs. § 97-4-3
Authorized by and implementing K.S.A. 2005 Supp. 73-1233; effective Nov. 27, 2006.

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