The board is hereby authorized to contract with the owners of the buildings so erected
upon said leased grounds to pay as rental or otherwise for the use of said buildings
a sum sufficient to pay, on the amortization plan, the principal and interest thereon
of the cost of construction and equipment of said buildings, such contracts to run
not over forty years. The amount of the cost of construction and equipment used in any such contract shall
not exceed the estimated cost of construction and equipment which shall be made by
the secretary of administration. The rate of interest allowed on the cost of construction and equipment shall not exceed
six percent per annum, payable annually or semiannually as may be determined by the
board. Said contract shall provide:
(a) That when the cost of construction has been paid, together with interest thereon,
the buildings so constructed and the equipment therein shall become the property of
the state of Kansas.
(b) That the state of Kansas shall incur no liability under such contract or by reason
of any authority exercised by the board under this act, except that the board shall
collect and apply the fees and charges authorized by K.S.A. 76-6a04 and 76-6a05 in the manner prescribed by this act.
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