Kan. Admin. Regs. § 110-4-1 - Definitions
As used in these regulations and for purposes of administering the IMPACT act, the following terms shall have the following meanings:
(a) "Department" means department of
commerce.
(b) "Existing job" means
a job of an employer meeting the following criteria:
(1) Has the same or similar description, or
involves performing the same or a similar function as that for a job being
created by that employer; and
(2)
was filled or in use within the 18 months before the date of filing an
application with the secretary for funding from the IMPACT program services
fund, unless the job was lost due to an act of God and the secretary finds that
the IMPACT program or project will be a major factor for the Kansas basic
enterprise to remain in Kansas.
(c) "Maximum funding amount" means the
maximum dollar amount for which a qualified project would be eligible under the
IMPACT act, assuming that sufficient funds exist to fund the maximum dollar
amount permitted for all qualified projects as determined by the secretary
according to K.A.R. 110-4-2(c).
(d)
"MPI" means major project investment as defined in K.S.A. 74-50,103 and
amendments thereto.
(e) "Project
cost" for a qualified project means the total of program costs and the cost of
program services as these terms are defined by K.S.A. 74-50,103 and amendments
thereto.
(f) "Qualified project"
means any project described in an application that has been determined by the
secretary to be complete, in compliance with the funding limitations set forth
in the IMPACT act, and qualified for funding from the IMPACT program services
fund.
Notes
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