72-4435. Scholarships for postsecondary students.
72-4435
72-4435. Scholarships for postsecondary students.(a) As used in this section:
(1) "Board" has the meaning ascribed thereto in K.S.A. 72-4412, and amendments thereto.
(2) "Postsecondary student," "state aid," "postsecondary aid," and"school" have the meanings respectively ascribed thereto in K.S.A. 72-4430,and amendments thereto.
(3) "Public funds" means state aid, postsecondary aid and proceeds fromad valorem tax levies.
(b) The board of any school may authorize or permit the expenditure,either directly or indirectly, of any of its funds, other than publicfunds, for scholarships for postsecondary students of the school.
(c) Revenues earned from the investment of public funds, and notrequired by law to be used for a specific purpose, may be used for thepurpose of this section.
History: L. 1987, ch. 267, § 1; July 1.