Kansas Administrative Regulations
Agency 28 - DEPARTMENT OF HEALTH AND ENVIRONMENT
Article 15 - APPLICATION FOR PERMITS; DOMESTIC WATER SUPPLY
Section 28-15-52 - Interest rate
Universal Citation: KS Admin Regs 28-15-52
Current through Register Vol. 43, No. 12, March 20, 2024
(a) Each loan shall accrue interest for the entire life of the loan at a fixed rate set by the secretary. This fixed rate shall be calculated as specified in subsection (b). Fees for servicing the loans may also be set by the secretary.
(b) The interest rate shall be calculated as a percentage, as specified in the intended use plan, 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.
(c) The interest rate and loan servicing fee may vary depending on the loan repayment period.
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