65-3326.Application for loan; form; agreements with municipality;contents; repayment; effect of failure of municipality to enter intoagreement; assistance to municipality.(a) Municipalities which desire the provision of a loan under K.S.A.65-3321 through 65-3329 shall submit an application therefor to thesecretary. Applications shall be in such form and shall include suchinformation as the secretary shall require and shall be submitted in amanner and at a time to be determined by the secretary.
(b) The secretary may enter into agreements with any municipality forthe provision of a loan thereto for payment of all or a part of project costsand any municipality may enter into such an agreement and may accept suchloan when so authorized by its governing body. The purposes of the loan tobe provided, the amount thereof, the interest rate thereon, and therepayment terms and conditions thereof, all of which may vary amongmunicipalities, shall be included in the agreements. Loans shall beprovided at or below market interest rates and may be provided interestfree. All such agreements shall require that municipalities establish adedicated source of revenue for repayment of the loans as provided inK.S.A. 65-3327. Such agreements shall further provide thatrepayment of any loan received shall begin not later than one year aftercompletion of the project and that such loan shall be repaid in full nolater than 20 years thereafter.
(c) In the event any municipality to which a loan is made availableunder K.S.A. 65-3321 through 65-3329 fails to enter into anagreement with the secretary for the provision of such loan in accordancewith the requirements of such statutes, the secretary is authorized to makethe amount of the loan available for one or more other projects on theproject priority list.
(d) The secretary shall provide any municipality, upon its request, withtechnical advice and assistance regarding a project or an application fora loan for the payment of all or a part of project costs.
65-3326.Application for loan; form; agreements with municipality;contents; repayment; effect of failure of municipality to enter intoagreement; assistance to municipality.(a) Municipalities which desire the provision of a loan under K.S.A.65-3321 through 65-3329 shall submit an application therefor to thesecretary. Applications shall be in such form and shall include suchinformation as the secretary shall require and shall be submitted in amanner and at a time to be determined by the secretary.
(b) The secretary may enter into agreements with any municipality forthe provision of a loan thereto for payment of all or a part of project costsand any municipality may enter into such an agreement and may accept suchloan when so authorized by its governing body. The purposes of the loan tobe provided, the amount thereof, the interest rate thereon, and therepayment terms and conditions thereof, all of which may vary amongmunicipalities, shall be included in the agreements. Loans shall beprovided at or below market interest rates and may be provided interestfree. All such agreements shall require that municipalities establish adedicated source of revenue for repayment of the loans as provided inK.S.A. 65-3327. Such agreements shall further provide thatrepayment of any loan received shall begin not later than one year aftercompletion of the project and that such loan shall be repaid in full nolater than 20 years thereafter.
(c) In the event any municipality to which a loan is made availableunder K.S.A. 65-3321 through 65-3329 fails to enter into anagreement with the secretary for the provision of such loan in accordancewith the requirements of such statutes, the secretary is authorized to makethe amount of the loan available for one or more other projects on theproject priority list.
(d) The secretary shall provide any municipality, upon its request, withtechnical advice and assistance regarding a project or an application fora loan for the payment of all or a part of project costs.
65-3326.Application for loan; form; agreements with municipality;contents; repayment; effect of failure of municipality to enter intoagreement; assistance to municipality.(a) Municipalities which desire the provision of a loan under K.S.A.65-3321 through 65-3329 shall submit an application therefor to thesecretary. Applications shall be in such form and shall include suchinformation as the secretary shall require and shall be submitted in amanner and at a time to be determined by the secretary.
(b) The secretary may enter into agreements with any municipality forthe provision of a loan thereto for payment of all or a part of project costsand any municipality may enter into such an agreement and may accept suchloan when so authorized by its governing body. The purposes of the loan tobe provided, the amount thereof, the interest rate thereon, and therepayment terms and conditions thereof, all of which may vary amongmunicipalities, shall be included in the agreements. Loans shall beprovided at or below market interest rates and may be provided interestfree. All such agreements shall require that municipalities establish adedicated source of revenue for repayment of the loans as provided inK.S.A. 65-3327. Such agreements shall further provide thatrepayment of any loan received shall begin not later than one year aftercompletion of the project and that such loan shall be repaid in full nolater than 20 years thereafter.
(c) In the event any municipality to which a loan is made availableunder K.S.A. 65-3321 through 65-3329 fails to enter into anagreement with the secretary for the provision of such loan in accordancewith the requirements of such statutes, the secretary is authorized to makethe amount of the loan available for one or more other projects on theproject priority list.
(d) The secretary shall provide any municipality, upon its request, withtechnical advice and assistance regarding a project or an application fora loan for the payment of all or a part of project costs.
