Notes to the Financial Statements

Note 6 Receivables - Noncurrent

June 30, 2016

Noncurrent receivables for the primary government and its component units, as of June 30, 2016, consisted of the following (amounts in thousands):

   Primary Government
   Governmental    Business-Type    Component
   Activities    Activities    Units
Accounts    $ -    $ -    $ 30,472
Loans    831,378    976,339    452,882
Total Receivables    831,378    976,339    483,354
Allowance for Uncollectibles    (3,216)    (3,304)    (11,809)
Receivables, Net    $ 828,162    $ 973,035    $ 471,545

The Grants and Loans fund (governmental activities) makes loans through the Department of Economic and Community Development to provide financial support to businesses, municipalities, nonprofits, economic develop agencies and other partners for a wide range of activities that create and retain jobs; strengthen the competitiveness of the workforce; promote tourism, the arts and historic preservation; and help investigate and redevelop brownfields. The department's investments are helping build stronger neighborhoods and communities and improving the quality of life for state residents. These loans are payable over a ten year period with rates ranging from 2 percent to 4 percent.