234.22   Venue.
234.23   Notice before declaration that notes or bonds are due and payable.
234.24   System of funds and accounts.
234.25   Annual report.
234.255   Economic development assistance coordination and reporting.
234.26   Notes and bonds as legal investments.
234.265   Records of the authority.
234.28   Notes and bonds; exemption from taxation.
234.29   Equality of occupancy and employment.
234.30   Cooperation.
234.31   Construction of chapter.
234.32   Laws not applicable to authority.
234.35   Minority financial interests.
234.36   Disabled veteran-owned business financial interests.
234.40   Bonds for veterans housing loans and other veterans assistance programs.
234.41   Veterans housing loan fund; establishment and use.
234.42   Veterans capital reserve fund.
234.43   Veterans housing bond redemption fund.
234.44   Validation of certain obligations and proceedings.
234.45   Low-income housing tax credits.
234.49   Housing rehabilitation.
234.50   Bonds for housing rehabilitation loans; issuance; status.
234.51   Housing rehabilitation loan program administration fund; establishment and use.
234.52   Housing rehabilitation loan program loan-loss reserve fund; establishment and use.
234.53   Housing rehabilitation loan fund.
234.54   Housing rehabilitation loan program capital reserve fund.
234.55   Housing rehabilitation loan program bond redemption fund.
234.59   Homeownership mortgage loan program.
234.592   Qualified subprime loan refinancing.
234.60   Bonds for homeownership mortgage loans and qualified subprime loan refinancing.
234.605   Homeowner eviction and lien protection program.
234.61   Bonds for residential facilities for the elderly or chronically disabled.
234.621   Property tax deferral loans; purpose.
234.622   Definitions.
234.623   Eligibility.
234.624   Transfer of interest.
234.625   Program operation.
234.626   Loan funding.
234.65   Economic development.
234.66   Residential housing infrastructure revolving loan fund and program.
234.661   Main street housing rehabilitation revolving loan fund and loan program.
234.662   Commercial-to-housing conversion revolving loan fund and loan program.
SUBCHAPTER II
LOAN GUARANTEE PROGRAMS
234.67   Recycling loan guarantees.
234.75   Public affairs network loan guarantee program.
234.83   Small business development loan guarantee program.
234.84   Job training loan guarantee program.
234.86   Drinking water loan guarantee program.
234.88   Emergency heating assistance loan guarantees.
234.90   Agricultural production loan guarantees.
234.905   Agricultural production disaster assistance loan guarantees.
234.907   Agricultural development loan guarantee program.
234.91   Farm assets reinvestment management loan guarantee program.
234.92   Financial assistance; fees.
234.93   Wisconsin development reserve fund.
234.932   Wisconsin job training reserve fund.
234.933   Wisconsin drinking water reserve fund.
SUBCHAPTER III
COMMUNITY DEVELOPMENT FINANCE COMPANY
234.94   Definitions.
234.95   Community development finance company.
234.96   Community development project participation.
234.97   Sale or purchase of stock or interest.
234.98   Transferred assets.
subch. I of ch. 234 SUBCHAPTER I
GENERAL PROVISIONS; HOUSING AND ECONOMIC DEVELOPMENT PROGRAMS
234.01 234.01 Definitions. In this chapter:
234.01(1) (1)“Authority" means the Wisconsin Housing and Economic Development Authority.
234.01(2) (2)“Authority cost" means any costs incurred by the authority in carrying out and administering any of its powers, duties and functions including, but not limited to, costs of financing by the authority, service charges, insurance premiums and administrative and operating costs of the authority.
234.01(3) (3)“Business incubator" means a facility designed to encourage the growth of new businesses, if at least 2 of the following apply:
234.01(3)(a) (a) Space in the facility is rented at a rate lower than the market rate in the community.
234.01(3)(b) (b) Shared business services are provided in the facility.
234.01(3)(c) (c) Management and technical assistance are available at the facility.
234.01(3)(d) (d) Businesses using the facility may obtain financial capital through a direct relationship with at least one financial institution.
234.01(3m) (3m)“Collateral" means a 3rd-party note, mortgage, guaranty, insurance policy, bond, letter of credit, security agreement or other instrument securing the repayment of an economic development loan or a mortgage loan.
234.01(4) (4)“Development costs" mean the costs which have been approved by the authority as appropriate expenditures including but not limited to:
234.01(4)(a) (a) Payments for options to purchase properties on the proposed housing project site, deposits on contracts of purchase, or with the prior approval of the authority, payments for the purchase of such properties;
234.01(4)(b) (b) Legal, organizational and marketing expenses, including payment of attorney fees, project manager and clerical staff salaries, office rent, and other incidental expenses;
234.01(4)(c) (c) Payment of fees and preliminary feasibility studies and advances for planning, engineering and architectural work;
234.01(4)(d) (d) Expenses for surveys as to need and market analyses;
234.01(4)(e) (e) Necessary application and other fees to federal and other government agencies; and
234.01(4)(f) (f) Such other expenses incurred by the eligible sponsor as the authority deems appropriate to effectuate the purposes of this chapter.
234.01(4m) (4m)“Economic development loan" means an advance of moneys, supported by a written promise of repayment, to finance an economic development project.
234.01(4n) (4n)“Economic development project" means any of the following:
234.01(4n)(a) (a) Land, plant or equipment for any of the following:
234.01(4n)(a)1. 1. Facilities for manufacturing or commercial real estate activities.
234.01(4n)(a)2. 2. National or regional headquarters facilities.
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2021-22 Wisconsin Statutes updated through 2023 Wis. Act 125 and through all Supreme Court and Controlled Substances Board Orders filed before and in effect on April 18, 2024. Published and certified under s. 35.18. Changes effective after April 18, 2024, are designated by NOTES. (Published 4-18-24)