For Immediate Release:
March 16, 2021
Kansas State Treasurer’s Office Approves 53 Applications for City Utility Loan Program
TOPEKA—Kansas State Treasurer Lynn Rogers today announced that 53 applications, totaling $69,519,697.04, have been submitted and approved for the City Utility Low-Interest Loan Program. All 53 applicants will be receiving approval letters from the State Treasurer’s Office today.
“Our office stepped up to the challenge to keep the lights on for Kansans across the state,” said Kansas State Treasurer Lynn Rogers. “To no fault of their own, the February winter freeze put a strain on so many cities and caused a financial panic. Today’s announcement is a testament to our commitment to supporting Kansans, especially in times of need.”
The City Utility Low-Interest Loan Program was established earlier this month, allowing for up to $100 million of idle funds to be loaned to any city in Kansas that has incurred extraordinary electric and/or natural gas costs during the extreme winter weather event of February 2021. Cities have up to 10 years to pay these loans back. Loan proceeds may not be used to pay electric or gas utility bills that the city would otherwise pay as a consumer.
Cities receiving their application approval letters will have five business days to sign the approval notification; if the signed approval notice is not received within five business days, the approved loan amount will be released and made available to other applicants.
The State Treasurer’s Office is still accepting applications, and any new applications will be evaluated on a first come first serve basis. If funds are not available, applicants will be placed on a waiting list in the order in which the applications were received.
Click here to view the list of cities that have applied as of 5:00 p.m. on Monday, March 15, 2021.
Cities are asked to complete the application materials available on the State Treasurer’s website at www.KansasStateTreasurer.com.
Consumers who are struggling to pay their utility bills can apply for funds available through the Low-Income Energy Assistance Program, as outlined by Governor Kelly earlier this week, at http://www.dcf.ks.gov/services/ees/Pages/EnergyAssistance.aspx.