The City Utility Low-Interest Loan Program became law on March 4, 2021 after the publication of House Substitute for Senate Bill 88 in the Kansas Register. This program grants the State Treasurer’s Office the ability to issue loans to the cities in Kansas who have incurred extraordinary electric and/or natural gas costs during the extreme weather event of February, 2021. These loans will be issued at a rate that is 2.00% below the market rate as provided in K.S.A. 75-4237 with a minimum interest rate of 0.25%.
The State Treasurer has opened the application process. Cities can learn more and apply for loans using the application available here.
