Kan. Admin. Regs. § 110-40-3

Current through Register Vol. 43, No. 49, December 5, 2024

Section 110-40-3 - Application content

Application forms shall be available from the director's office for use by exporters or lenders in seeking financial assistance. The application forms shall set forth the information necessary for the determination of the eligibility of a Kansas export transaction for financial assistance and shall require, among other things:

(a) with respect to the exporting company:

(1) a description and history of the exporting company;

(2) a resume of management experience; and

(3) financial statements;

(b) with respect to the underlying Kansas export transaction:

(1) a description of the products to be manufactured or processed, or services to be supplied, or both;

(2) a description of the Kansas content of the products or services;

(3) an estimate of additional employment that will occur as a result of the transaction;

(4) the destination of the products or services, or both;

(5) income and expense projections;

(6) a description of the foreign purchaser and the past experience of the exporter with the foreign purchaser; and

(7) an outline of the expected commercial terms of sale and proposed terms of payment; and

(c) with respect to the loan:

(1) the dollar amount;

(2) the term;

(3) the interest rate;

(4) the banking fees; and

(5) a description of collateral and other security.

Any additional information necessary to make a determination and which is reasonably related to the criteria for approval in KAR 110-40-5 and KAR 110-40-6 may be required by the director's office.

Kan. Admin. Regs. § 110-40-3

Authorized by K.S.A. 1989 Supp. 74-5071; implementing K.S.A. 1989 Supp. 74-5071, 74-5072, and 74-5073; effective Oct. 8, 1990.