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Lawmakers create loan program to help Kansas cities with costs from February cold snap

Lawmakers create loan program to help Kansas cities with costs from February cold snap

Lawmakers create loan program to help Kansas cities with costs from February cold snap

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By the Associated Press:

Kansas legislators have quickly created a low-interest loan program for cities to help them cover a spike in costs associated with providing heat and electricity to residents during last month’s intense cold snap.

The state Senate approved, 37-1, on Wednesday to allow the state to loan out $100 million of its idle funds immediately to cities that have community owned electric and natural gas utilities. Its vote came hours after the House passed the measure, 124-0.

Subzero temperatures led to a big spike in demand for natural gas, and other problems, such as freezing equipment, made gas hard to obtain, cause prices to jump.

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