Beshear developing plan for federal loan payment

FRANKFORT, Ky. (AP) - Democratic Gov. Steve Beshear is still
working on a way to make a $28 million interest payment due in just
over a month on a $900 million federal loan that has kept the
state's unemployment insurance program afloat.
Beshear, who is seeking re-election, said Monday he will
announce his plan soon so that Kentucky businesses can avoid feared
financial penalties.
Republican Senate President David Williams, who is running
against Beshear, called on the governor Monday to fix the problem
or call the legislature into session to handle it.
Beshear said he would call lawmakers back to Frankfort only if
no other options are available.
Williams said the governor needs to act quickly because, if the
loan payment isn't made, businesses could have to pay more than
$400 per employee.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 128653023 -
Gray Television, Inc.