Establishing the Kanbucks program to authorize the state treasurer to invest in linked deposits with eligible financial institutions to provide linked deposit loans to eligible borrowers and abolishing the Kansas agricultural production, housing, extraordinary utility costs and economic recovery loan deposit programs and the city utility low-interest loan program.

HB 2281 establishes the "Kanbucks program," replacing six existing state loan programs with a new system where the Kansas state treasurer invests in linked deposits with eligible financial institutions. These institutions then provide loans to specific eligible borrowers: farmers, housing developers (including non-profit adult care homes), small businesses with 200 or fewer employees, and Kansas natural gas customers affected by the February 2021 winter storm. The bill abolishes the previous Kansas agricultural production, housing, extraordinary utility costs, economic recovery, and city utility loan programs. It requires the state treasurer to manage these linked deposits and continues existing loans under the new framework.