DALLAS — A statewide revolving loan program to upgrade and improve municipal water and sewer systems in Kansas will be financed with proceeds from this week’s negotiated sale of $231.2 million of revenue bonds.

The bonds, which are the first tranches issued under a new financing agreement, will be issued by the Kansas Development ­Finance Authority on behalf of the water pollution control loan program overseen by the Kansas Department of Health and ­Environment.

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