75-5064. Transportation revolving fund; definitions.

409 words·~2 min read·/ks/chapter-75/75-5064

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

75-5064. Transportation revolving fund; definitions. As used in K.S.A. 75-5063 through 75-5069 , and amendments thereto:

(a)"Cost" means as applied to any qualified project, any or all costs, whenever incurred, approved by the department, for carrying out a qualified project;

(b)"department" means the Kansas department of transportation established under K.S.A. 75-5001 , and amendments thereto;

(c)"fund" means the Kansas transportation revolving fund established by K.S.A. 75-5066 , and amendments thereto, including one or more of the separate accounts within such fund;

(d)"governmental unit" means any town, city, district, county, commission, agency, authority, board or other instrumentality of the state or of any of its political subdivisions, including any combination thereof, which is responsible for the construction, ownership or operation of a qualified project;

(e)"major highway enhancement project" means a highway project determined by the secretary to be of local, regional or statewide economic significance, including, but not limited to, the construction of new highways, construction of additional traffic lanes, improved access control, corridor improvements, construction, reconstruction or improvement of highway interchanges that have not been developed, have been under-developed or are unlikely to be developed in the absence of governmental assistance;

(f)"private enterprise" means a private person or entity that has entered into a contract with a public authority to design, finance, construct and/or operate a qualified project that is within the jurisdiction of such public authority;

(g)"project" means the acquisition, construction, improvement, repair, rehabilitation, maintenance or extension of transportation projects;

(h)"project costs" means all costs or expenses which are necessary or incident to a project and which are directly attributable thereto;

(i)"project revenues" means all rates, rents, fees, assessments, charges and other receipts derived or to be derived by a qualified borrower from a qualified project;

(j)"qualified borrower" means any governmental unit or private enterprise which is authorized to construct, operate or own a qualified project;

(k)"qualified project" means any public or private transportation project, including, without limitation, the construction, reconstruction, resurfacing, restoration, rehabilitation or replacement of public or private transportation projects within the state;

(l)"revenues" means when used with respect to the department, any receipts, fees, revenues or other payments received or to be received by the department under K.S.A. 75-5063 through 75-5069 , and amendments thereto;

(m)"secretary" means the secretary of the Kansas department of transportation;

(n)"transportation project" means any bridge, culvert, highway, road, street, major highway enhancement project or combination thereof.