Division of the Budget
Landon State Office Building Phone: (785) 296-2436
900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov
Topeka, KS 66612 Division of the Budget http://budget.kansas.gov
Adam Proffitt, Director Laura Kelly, Governor


March 23, 2023


The Honorable Troy Waymaster, Chairperson
House Committee on Appropriations
300 SW 10th Avenue, Room 112-N
Topeka, Kansas 66612
Dear Representative Waymaster:
SUBJECT: Fiscal Note for HB 2461 by House Committee on Appropriations
In accordance with KSA 75-3715a, the following fiscal note concerning HB 2461 is
respectfully submitted to your committee.
HB 2461 would permit Wichita State University (WSU) to request the issuance of revenue
bonds by the Kansas Development Finance Authority, not to exceed $15.2 million, plus any
authorized issuing costs. Any bonds issued would be an obligation of KDFA and would not
constitute debt of the State of Kansas and would not have the pledge of the full faith and credit or
taxing power of the state.
WSU indicates the proceeds from the bonds authorized from the enactment of HB 2461
would be used for a capital improvement project relating to the construction and equipment of the
National Institute of Aviation Research (NIAR) Technology and Innovation Building on the
Innovation Campus of the university. WSU estimates a debt service payment of $905,388 in FY
2024 which will be paid using NIAR revenues. Any fiscal effect associated with HB 2461 is not
reflected in The FY 2024 Governor’s Budget Report.


Sincerely,

Adam Proffitt
Director of the Budget
cc: Becky Pottebaum, Board of Regents
Werner Golling, Wichita State University