Kansas Administrative Regulations
Agency 19 - GOVERNMENTAL ETHICS COMMISSION
Article 24 - IN-KIND CONTRIBUTIONS
Section 19-24-1 - Value of an in-kind contribution
Universal Citation: KS Admin Regs 19-24-1
Current through Register Vol. 43, No. 12, March 20, 2024
The value of an in-kind contribution shall equal the fair market value of the item or service if it had been purchased, sold, or leased in the ordinary course of business. When a charge is made for an item or service which is less than the fair market value, then the difference between the fair market value and the charge shall be the value of the in-kind contribution. The donor of the item or service shall place the value on the in-kind contribution when given. The treasurer may question the value set by the donor if it appears unreasonable and shall revalue the in-kind contribution to a reasonable value.
Disclaimer: These regulations may not be the most recent version. Kansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
