74-8405. Annual report of secretary of commerce; contents.

134 words·~1 min read·/ks/chapter-74/74-8405

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

(a)Pursuant to K.S.A. 74-5049 , and amendments thereto, the secretary of commerce shall report the following:

(1)The number of local seed capital pools;

(2)the total tax credit generated;

(3)the total investments made in Kansas venture capital companies;

(4)the total investments in Kansas businesses by local seed capital pools;

(5)an estimate of jobs created or preserved under the program; and

(6)an estimate of the multiplier effect on the Kansas economy of the program.

(b)Additionally, in the report the secretary shall evaluate the success of the program in collaboration with the standing committee on commerce of the senate and the standing committee on commerce, labor and economic development of the house of representatives, and may include specific recommendations for legislation.