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Wis. Governor Signs Propane Loan Bill

Updated: 03/27/2014 10:24 PM
Created: 03/27/2014 10:23 PM WDIO.com

MADISON, Wis. (AP) - Governor Scott Walker has signed a bill that creates a new emergency loan program to offset high propane costs.

The Republican-authored measure requires the state to guarantee up to $2,500 in loans to purchase propane or other heating supplies and pay down interest. The borrower's household income can't be more than double the county median household income, however.

Both the Senate and Assembly overwhelmingly approved the measure. The bill was among 30 that Walker signed privately Thursday in Milwaukee.

Wisconsin and other Midwestern states have been struggling with a propane shortage spurred by the severe winter, a temporary pipeline closure and heavy propane demand for drying grain last fall.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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