2-3706. Procedures for making loans; interest rate. Upon the placement of a remediation linked deposit with an eligible lending institution, the institution shall make the loan to each approved eligible person listed in the remediation linked deposit loan package in accordance with the remediation linked deposit agreement between the institution and the state treasurer. The loan shall be at a rate as provided in K.S.A. 2-3705, and amendments thereto. A certification of compliance with this section in the form and manner as prescribed by the state treasurer shall be required of the eligible lending institution.
History: L. 2000, ch. 82, ยง 6; July 1.
Structure Kansas Statutes
Article 37 - Environmental Remediation
2-3703 Purpose; rules and regulations; annual reports.
2-3704 Loans; application; limitations; use; approval or rejection.
2-3705 Procedures for making deposits; deposit agreement, terms.
2-3706 Procedures for making loans; interest rate.
2-3707 Effect of late payment or default.
2-3708 Purpose; amount of reimbursement, limits.
2-3709 Kansas agricultural remediation board; creation.
2-3710 Same; powers and duties.
2-3711 Kansas agricultural remediation fund; creation.
2-3712 Assessments; when required.