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Friday, 31 October 2014
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KDOT Renews Road Loan Program
09/02/2010
 

The Kansas Department of Transportation is

renewing a revolving loan program designed to help local

governments complete some types of projects.

The renewal follows this year's passage by state lawmakers of a

10-year, $8.2 billion transportation program.

KDOT had imposed a moratorium on the program in July 2009 after

state revenues slumped.

Cities and counties receiving the loans repay them with revenues

from a variety of sources, including local sales taxes.

New applications will be accepted starting Oct. 1. The loans can

be used for roads, bridges or highways, but not for aviation,

railroad or transit systems.

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