2-3707. Effect of late payment or default. Neither the state nor the state treasurer shall be liable to any eligible lending institution in any manner for payment of the principal or interest on a remediation linked deposit loan pursuant to K.S.A. 2-3701 through 2-3714, and amendments thereto. Any delay in payments or default on the part of an eligible person does not in any manner affect the remediation linked deposit agreement between the eligible lending institution and the state treasurer.
History: L. 2000, ch. 82, ยง 7; 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.