74-8204. Annual report by Kansas venture capital, inc.; contents.

267 words·~1 min read·/ks/chapter-74/74-8204

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Kansas venture capital, inc., shall prepare and publish an annual report of its activities for the information of the governor, the standing committee on commerce of the senate, the standing committee on commerce, labor and economic development of the house of representatives, securities commissioner of Kansas, attorney general and the public which shall be made widely available and shall specifically account for:

(1)The manner in which the purpose as described in this act has been carried out by Kansas venture capital, inc.;

(2)the total investments made annually by Kansas venture capital, inc., in Kansas businesses;

(3)an estimate of jobs created and jobs preserved by investments by Kansas venture capital, inc., in Kansas businesses;

(4)an estimate of the multiplier effect on the Kansas economy of investments by Kansas venture capital, inc., in Kansas businesses; and

(5)an analysis of the targeting of scarce resources by Kansas venture capital, inc., by size, sector and location to enterprises of particular need and opportunity.

(b)The report to the standing committee on commerce of the senate and the standing committee on commerce, labor and economic development of the house of representatives under this section shall be made by Kansas venture capital, inc., either:

(1)By publishing such report on the internet and by notifying each member of the committees that the report is available and providing, as part of such notice, the uniform resource locator

(URL)at which such report is available; or

(2)by submitting copies of such report on CD-ROM or other electronically readable media.