Loan program proposed to help with propane costs Submitted: 02/18/2014
MADISON - A proposed new loan program would help Wisconsin residents who are struggling with high propane prices this winter. A group of Republican state lawmakers put together the bill. It was introduced on Monday and is scheduled for a hearing Wednesday before the Legislature's Joint Finance Committee. Loans would be up to 25-hundred per person to purchase propane or other heating supplies.

The borrower's household income could not exceed 200 percent of the median household income of their county. Republican sponsors say it would help middle class propane users who don't qualify for low income assistance through another program. Governor Scott Walker last month declared a state of emergency due to the propane shortage and established a 3-million dollar loan guarantee program to help propane dealers. (Copyright 2014 Associated Press - All Rights Reserved)

Story By: Associated Press

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