Kansas Administrative Regulations
Agency 28 - DEPARTMENT OF HEALTH AND ENVIRONMENT
Article 15 - APPLICATION FOR PERMITS; DOMESTIC WATER SUPPLY
Section 28-15-53 - Repayment of loans
Universal Citation: KS Admin Regs 28-15-53
Current through Register Vol. 43, No. 52, December 26, 2024
(a) All principal and interest shall be repaid in accordance with the terms of the loan agreement. Repayments shall begin no later than one year following project completion. Repayment of the loan shall not exceed a 30-year repayment period, except for a loan to a disadvantaged community. Any loan to a disadvantaged community may exceed a 30-year repayment period if both of the following conditions are met:
(1) Repayment of the loan
does not exceed a 40-year repayment period.
(2) The repayment period does not exceed the
expected design life of the project.
(b) Prepayment of the principal in whole or part may be made, in accordance with the terms of the loan agreement.
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