Volume 43 - Issue 15 - April 11, 2024

State of Kansas

Department of Health and Environment

Permanent Administrative Regulations

Article 16.—WATER POLLUTION CONTROL

28-16-113. Interest rate. Each loan shall accrue interest for the entire life of the loan at a rate set by the secretary. The interest rate shall be calculated as a percentage, as specified in the intended use plan established pursuant to K.S.A. 65-3325 and amendments thereto, of three months’ average of the bond buyer’s weekly 20-bond GO (general obligation) index. The loan interest rate as calculated shall include any loan servicing fee as set by the secretary and may vary depending on the loan repayment period provided for in the loan agreement. (Authorized by K.S.A. 65-3323; implementing K.S.A. 2023 Supp. 65-3326; effective May 29, 1989; amended April 26, 2024.)

28-16-114. Repayment of loans. (a) All principal and interest shall be repaid in accordance with the terms and conditions of the executed loan agreement. Principal and interest payments shall begin no later than one year following the completion of the project. Repayment of the loan shall not exceed a 30-year repayment period as agreed upon in the loan agreement. For the purposes of this regulation, project completion shall mean the initiation of operation or capability to initiate operation.

(b) Prepayment of principal in whole or part may be made in accordance with the terms and conditions of the executed loan agreement. (Authorized by K.S.A. 65-3323; implementing K.S.A. 65-3322 and K.S.A. 2023 Supp. 65-3326; effective May 29, 1989; amended April 26, 2024.)

Janet Stanek
Secretary

Doc. No. 052036