Archive for Thursday, September 2, 2010

KDOT reinstates program that provides loans to communities for transportation projects

September 2, 2010

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— 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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