2-3704 Loans; application; limitations; use; approval or rejection.
2-3704. Loans; application; limitations; use; approval or rejection. (a) The state treasurer is hereby authorized to disseminate information and provide remediation linked deposit loan packages to lending institutions eligible for participation in the remediation linked deposit loan program. (b) The remediation linked deposit loan package shall be completed by the eligible person applying for the […]
2-3705 Procedures for making deposits; deposit agreement, terms.
2-3705. Procedures for making deposits; deposit agreement, terms. (a) If sufficient moneys are not available for a remediation linked deposit, applications may be considered in the order received when moneys are once again available, subject to a review by the lending institution. (b) Upon acceptance, the state treasurer shall certify to the director of investments […]
2-3706 Procedures for making loans; interest rate.
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 […]
2-3707 Effect of late payment or default.
2-3707. Effect of late payment or default. Neither the state nor the state treasurer shall be liable to any eligible lending institution in any manner for payment of the principal or interest on a remediation linked deposit loan pursuant to K.S.A. 2-3701 through 2-3714, and amendments thereto. Any delay in payments or default on the […]
2-3708 Purpose; amount of reimbursement, limits.
2-3708. Purpose; amount of reimbursement, limits. (a) There is hereby established the remediation reimbursement program. The program shall be for the purpose of: (1) Providing reimbursement to eligible persons for the costs of corrective action approved by the department of health and environment or taken in accordance with requests or orders issued by the department […]
2-3709 Kansas agricultural remediation board; creation.
2-3709. Kansas agricultural remediation board; creation. (a) There is hereby created the Kansas agricultural remediation board. The board shall consist of five members appointed by the governor. Of the five members, one shall be a representative of agricultural retailers, one shall be a representative of agricultural producers, one shall be a representative of agricultural processors, […]
2-3710 Same; powers and duties.
2-3710. Same; powers and duties. The board shall have the following powers, duties and functions: (a) Administer the fund and the remediation reimbursement program. (b) Subject to K.S.A. 2-3701 through 2-3714, and amendments thereto, adopt rules and regulations concerning the terms and conditions of any reimbursements from the fund. (c) Adopt rules and regulations establishing, […]
2-3711 Kansas agricultural remediation fund; creation.
2-3711. Kansas agricultural remediation fund; creation. (a) There is hereby created in the state treasury the Kansas agricultural remediation fund. (b) All expenditures from the Kansas agricultural remediation fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the chairperson of […]
2-3712 Assessments; when required.
2-3712. Assessments; when required. (a) If the unobligated principal balance of the Kansas agricultural remediation fund equals or exceeds $3,000,000 on April 1 of any year, the assessments imposed by K.S.A. 2-3713, and amendments thereto, shall not be levied on or after the next July 1. If the unobligated principal balance of the fund equals […]
2-3713 Same; amounts.
2-3713. Same; amounts. (a) Subject to the provisions of K.S.A. 2-3712, and amendments thereto, there is hereby imposed environmental assessments as follows: (1) An annual assessment of $100 to be paid by each custom blender required to be licensed pursuant to K.S.A. 2-1201a, and amendments thereto. Such assessment shall be paid to the secretary of […]