Kansas Administrative Regulations
Agency 36 - KANSAS DEPARTMENT OF TRANSPORTATION
Article 39 - RAIL SERVICE ASSISTANCE PROGRAM
Section 36-39-6 - Rail service financial assistance; loans and grants

Universal Citation: KS Admin Regs 36-39-6

Current through Register Vol. 43, No. 39, September 26, 2024

(a) Compliance with the criteria in K.A.R. 36-39-1(a) shall increase the priority standing of an application for a loan or grant to be used to facilitate the financing, acquisition, or rehabilitation of railroads, facilities, equipment, and rolling stock in the state of Kansas.

(b) Monies to be loaned or granted shall originate from the rail service improvement fund.

(c) All funds loaned shall be repaid to the department of transportation within 10 years or less of the notice of acceptance of the project. The repayment shall include an interest rate established in the loan agreement between the secretary and applicant.

(d) Each application shall be submitted in the form prescribed by the Kansas department of transportation.

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