Davids' Request to Save Kansas $41 Million on Water Contracts Passes U.S. Congress
December 11, 2024
December 11, 2024
WASHINGTON, Dec. 11 -- Rep. Sharice Davids, D-Kansas, issued the following news release:
Last night, the U.S. Congress passed Representative Sharice Davids' request in the 2024 Water Resources Development Act (WRDA) that will save the State of Kansas more than $41 million. This measure changes how interest is calculated on two of Kansas' federal water storage contracts, switching from compound interest to simple interest, and marks a significant win for Kansas taxpayers. I . . .
Last night, the U.S. Congress passed Representative Sharice Davids' request in the 2024 Water Resources Development Act (WRDA) that will save the State of Kansas more than $41 million. This measure changes how interest is calculated on two of Kansas' federal water storage contracts, switching from compound interest to simple interest, and marks a significant win for Kansas taxpayers. I . . .