2-3706. Procedures for making loans; interest rate.
2-3706
2-3706. Procedures for making loans; interest
rate.
Upon the placement of a remediation linked deposit with
an eligible
lending institution, the institution shall make the loan to each approved
eligible person listed in
the remediation linked deposit loan package in accordance with the remediation
linked deposit
agreement between the institution and the state treasurer. The loan shall be at
a rate as provided
in K.S.A. 2-3705, and amendments thereto. A certification of
compliance with this
section in the form
and manner as prescribed by the state treasurer shall be required of the
eligible lending institution.
History: L. 2000, ch. 82, § 6; July 1.