Opened Low Interest Loan Program for City Utilities in Kansas; published applications
TOPEKA, Kansas (KSNW) – Kansas State Treasurer Lynn Rogers announced Friday that the city’s low-interest utility loan program is now open.
The nominations were posted to the website at 8 a.m. on Friday morning, less than 24 hours after the House substitute for Senate Bill 88 was published in the registry, officially becoming a law of the state.
“To get there, it took the cooperation and hard work of dozens of people, and it was never about Republicans and Democrats, but about Kansans coming together to help other Kansans,” he said. said Kansas State Treasurer Lynn Rogers. “These cities don’t have the option of not paying their bills, and their pending bills are putting them on the verge of bankruptcy. Doing nothing was just not an option.
The city’s low-interest utility loan program was created after the Kansas Legislature and Governor Laura Kelly took swift action earlier this week. It lends up to $ 100 million in unused funds to any city in Kansas that incurred extraordinary electricity and / or natural gas costs during the extreme winter weather event of February 2021. Cities have until 10 years to repay these loans. . The loan proceeds cannot be used to pay electricity or gas bills that the city would otherwise pay as a consumer.
“We all agree that this is not an ideal situation, but we also refuse to financially ruin these cities because of the Kansas climate. These are our friends, neighbors and families in rural Kansas communities, ”said Rogers. “I sincerely want to thank everyone for coming together so quickly to make the most of a bad situation in February.”
Cities are encouraged to complete the nomination documents available on the State Treasurer’s website at www.KansasStateTreasurer.com. Consumers struggling to pay their utility bills can apply for funds available under the Low Income Energy Assistance Program, as Governor Kelly pointed out earlier this week, by clicking here.