DALLAS - Cities, counties, and rural water districts across Kansas will finance water supply projects with the proceeds from the Kansas Development Finance Authority's negotiated sale of $96 million of lease revenue bonds.

Approximately $4.8 million of the proceeds will provide the required 20% state match for federal drinking water grants, said Jim MacMurray, vice president for finance at KDFA. The remaining proceeds will be distributed as subsidized loans to dozens of entities in the state's public water supply revolving loan program.

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