Kansas Statutes 75-5086. Same; qualified borrowers; applications; agreements
(a) Qualified borrowers which desire assistance in the form of a loan, credit enhancement or grant under Kan. Stat. Ann. §§ 75-5081 through 75-5087, and amendments thereto, shall submit an application therefor to the secretary. Applications shall be in such form and shall include such information as the secretary shall require and shall be submitted in a manner and at a time to be determined by the secretary.
(b) The secretary may enter into agreements with any qualified borrower for payment of all or a part of project costs. All moneys received by the secretary pursuant to such agreements shall be deposited in the Kansas intermodal transportation revolving fund.
Terms Used In Kansas Statutes 75-5086
- Fund: means the Kansas communication system revolving fund established by Kan. See Kansas Statutes 75-5073
- Secretary: means the secretary of the department of transportation or designee. See Kansas Statutes 75-5034
- Transportation: means the movement of individuals and meals in a four or more wheeled motorized vehicle designed to carry passengers. See Kansas Statutes 75-5034
(c) The secretary shall provide any governmental unit, upon its request, with technical advice and assistance regarding a project or an application for assistance. The secretary may assess reasonable fees for providing such assistance.
(d) Any governmental unit may enter into agreements with the secretary and may accept assistance as provided in this section when so authorized by its governing body.