12-5256.
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/ks/chapter-12/12-5256A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
12-5256. Rural housing incentives state housing trust fund; expenditures; transfers from the state economic development initiatives fund; purposes of loans or grants; report to legislature.
(a)All expenditures from the state housing trust fund made for the purposes of K.S.A. 12-5253 through 12-5255 , and amendments thereto, shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the president of the Kansas housing resources corporation.
(1)On July 1, 2024 and July 1, 2026, the director of accounts and reports shall transfer $2,000,000 from the state economic development initiatives fund to the state housing trust fund established by K.S.A. 74-8959 , and amendments thereto.
(2)Notwithstanding the provisions of K.S.A. 74-8959 , and amendments thereto, to the contrary, during fiscal year 2025, fiscal year 2026 and fiscal year 2027, moneys in the state housing trust fund shall be used solely for the purpose of loans or grants to cities or counties for infrastructure or housing development in rural areas. During such fiscal years, on or before January 13, 2025, January 12, 2026, January 11, 2027, and January 10, 2028, the president of the Kansas housing resources corporation shall submit a report concerning the activities of the state housing trust fund to the house of representatives committee on appropriations and the senate committee on ways and means.