2009 Kansas Code
Chapter 75 STATE DEPARTMENTS; PUBLIC OFFICERS AND EMPLOYEES
Article 42 STATE MONEYS
75-4277. Same; definitions.

75-4277

Chapter 75.--STATE DEPARTMENTS; PUBLIC OFFICERS AND EMPLOYEES Article 42.--STATE MONEYS

      75-4277.   Same; definitions. As used in K.S.A. 2009 Supp. 75-4276 through 75-4282, and amendments thereto:

      (a)   "Housing loan deposit" means an investment account placed by the director of investments under the provisions of article 42 of chapter 75 of the Kansas Statutes Annotated with an eligible lending institution for the purpose of carrying out the intent of this act;

      (b)   "housing loan deposit loan package" means the forms provided by the state treasurer for the purpose of applying for a housing loan deposit;

      (c)   "eligible lending institution" means a depository bank, as defined under K.S.A. 75-4201, and amendments thereto, that agrees to participate in the Kansas housing loan deposit program and is eligible to be a depository of state funds;

      (d)   "eligible developer borrower" means any person, firm or corporation building houses; and

      (e)   "house" means a single-family dwelling that initially sells at or below 350% of the Kansas median household income for the previous year.

      History:   L. 2008, ch. 115, § 3; July 1.