2006 Kansas Code - 76-753

      76-753.   Same; sponsored research overhead fund; disposition and expenditure of moneys received as overhead costs. (a) There is hereby established in the state treasury a sponsored research overhead fund for each state educational institution.

      (b)   All moneys received by a state educational institution as overhead costs on sponsored research projects shall be deposited to the credit of the sponsored research overhead fund.

      (c)   In accordance with the provisions of appropriations acts, expenditures may be made from the sponsored research overhead fund of a state educational institution for administration, operation and development of research and for matching federal funds available for capital improvements and equipment that qualify for research purposes.

      History:   L. 1986, ch. 348, § 3; July 1.