Kan. Admin. Regs. § 28-16-114 - Repayment of loans
(a) All
principal and interest shall be repaid in accordance with the terms and
conditions of the executed loan agreement. Principal and interest payments
shall begin no later than one year following the completion of the project.
Repayment of the loan shall not exceed a 30-year repayment period as agreed
upon in the loan agreement. For the purposes of this regulation, project
completion shall mean the initiation of operation or capability to initiate
operation.
(b) Prepayment of
principal in whole or part may be made in accordance with the terms and
conditions of the executed loan agreement.
Notes
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