SB676: Bill Text

SB676,79 Section 79. 234.04 (1) of the statutes is amended to read:

SB676,33,20 234.04 (1) The Subject to the limitations on eligibility for projects or programs and housing benefiting persons and families of low and moderate income under s. 234.038, the authority may make or participate in the making of construction loans to eligible sponsors of housing projects for the construction or rehabilitation of housing for persons and families of low and moderate income. Such loans shall be made only upon the determination by the authority that construction loans are not otherwise available from private lenders upon reasonably equivalent terms and conditions.

SB676,80 Section 80. 234.04 (2) of the statutes is amended to read:

SB676,34,13 234.04 (2) The Subject to the limitations on eligibility for projects or programs and housing benefiting persons and families of low and moderate income under s. 234.038, the authority may make or participate in the making and enter into commitments for the making of long-term mortgage loans to eligible sponsors of housing projects for occupancy by persons and families of low and moderate income, or for the making of homeownership mortgage loans or housing rehabilitation loans or loans for the refinancing of qualified subprime loans under s. 234.592 to persons and families of low and moderate income, an applicant under s. 234.59 or 234.592, or other eligible beneficiaries as defined in s. 234.49. The loans may be made only upon the determination by the authority that they are not otherwise available from private lenders upon reasonably equivalent terms and conditions. The authority may not make a loan to a person whose name appears on the statewide support lien docket under s. 49.854 (2) (b), unless the person provides to the authority a payment agreement that has been approved by the county child support agency under s. 59.53 (5) and that is consistent with rules promulgated under s. 49.858 (2) (a). The authority may employ, for such compensation as it determines, the services of any financial institution in connection with any loan.

SB676,81 Section 81. 234.04 (3) of the statutes is amended to read:

SB676,34,24 234.04 (3) The Subject to the limitations on eligibility for projects or programs and housing benefiting persons and families of low and moderate income under s. 234.038, the authority may make or participate in the making and enter into commitments for the making of loans to any banking institution, savings bank, savings and loan association or credit union organized under the laws of this or any other state or of the United States having an office in this state, if the authority first determines that the proceeds of such loans will be utilized for the purpose of making long-term mortgage loans to persons or families of low and moderate income, or for the purpose of providing residential housing for occupancy by persons or families of low and moderate income, or for the purpose of making housing rehabilitation loans.

SB676,82 Section 82. 234.06 (1) of the statutes is amended to read:

SB676,35,11 234.06 (1) The Subject to the limitations on eligibility for projects or programs and housing benefiting persons and families of low and moderate income under s. 234.038, the authority may, as authorized in the state housing strategy plan under s. 16.302, use the moneys held in the housing development fund to make temporary loans to eligible sponsors, with or without interest, and with such security for repayment, if any, as the authority determines reasonably necessary and practicable, solely from the housing development fund, to defray development costs for the construction of proposed housing projects for occupancy by persons and families of low and moderate income. No temporary loan may be made unless the authority may reasonably anticipate that satisfactory financing may be obtained by the eligible sponsor for the permanent financing of the housing project.

SB676,83 Section 83. 234.06 (3) of the statutes is amended to read:

SB676,35,24 234.06 (3) The Subject to the limitations on eligibility for projects or programs and housing benefiting persons and families of low and moderate income under s. 234.038, the authority may, as authorized in the state housing strategy plan under s. 16.302, use the moneys held in the housing development fund to establish and administer programs of grants to counties, municipalities, and eligible sponsors of housing projects for persons of low and moderate income, to pay organizational expenses, administrative costs, social services, technical services, training expenses, or costs incurred or expected to be incurred by counties, municipalities, or sponsors for land and building acquisition, construction, improvements, renewal, rehabilitation, relocation, or conservation under a plan to provide housing or related facilities, if the costs are not reimbursable from other private or public loan, grant, or mortgage sources.

SB676,84 Section 84. 234.49 (2) (a) (intro.) of the statutes is amended to read:

SB676,36,4 234.49 (2) (a) (intro.) The Subject to the limitations on eligibility for projects or programs and housing benefiting persons and families of low and moderate income under s. 234.038, the authority has the following powers for the purpose of implementing this section, in addition to all other powers granted by this chapter:

SB676,85 Section 85. 234.59 (2) (intro.) of the statutes is amended to read:

SB676,36,11 234.59 (2) (intro.) The authority shall, subject to the limitations on eligibility for projects or programs and housing benefiting persons and families of low and moderate income under s. 234.038, establish and administer a homeownership mortgage loan program to encourage homeownership and to facilitate the acquisition or rehabilitation of eligible property by applicants. To implement the program, the authority:

SB676,86 Section 86. 234.592 (2) (intro.) of the statutes is amended to read:

SB676,36,18 234.592 (2) (intro.) The authority shall, subject to the limitations on eligibility for projects or programs and housing benefiting persons and families of low and moderate income under s. 234.038, establish and administer a qualified subprime loan refinancing program to encourage homeownership and to facilitate the retention of eligible property by applicants. To implement the program, the authority:

SB676,87 Section 87. 944.21 (8) (b) 4. of the statutes is amended to read:

SB676,36,22 944.21 (8) (b) 4. Any institution of higher education that is accredited, as described in s. 39.30 (1) (d), 2011 stats., and is exempt from taxation under section 501 (c) (3) of the internal revenue code.

SB676,88 Section 88. 948.11 (4) (b) 4. of the statutes is amended to read:

SB676,37,3 948.11 (4) (b) 4. Any institution of higher education that is accredited, as described in s. 39.30 (1) (d), 2011 stats., and is exempt from taxation under section 501 (c) (3) of the internal revenue code, as defined in s. 71.01 (6).

SB676,89 Section 89. Nonstatutory provisions.

SB676,37,14 (1) Transfer to University of Wisconsin System of unencumbered balances in repealed higher educational aids board appropriations. Notwithstanding section 20.002 (3m) of the statutes, on the effective date of this subsection, there is transferred to the appropriation account under section 20.285 (1) (k) of the statutes an amount equal to the unencumbered balances in the appropriation accounts under section 20.235 (1) (b), (fd), (fe), (ff), (fg), (fj), (gm), (k), (ke), and (km) of the statutes, as affected by this act, on the day before the effective date of this subsection. The board of regents of the University of Wisconsin System shall use the amount transferred under this subsection to reduce the tuition charged to enroll in educational programs in that system.

SB676,90 Section 90. Initial applicability.

SB676,37,18 (1) Wisconsin Shares eligibility. The treatment of section 49.155 (1m) (c) 4. of the statutes first applies to eligibility and continued eligibility determinations that are made on the effective date of this subsection.

SB676,37,21 (2) Food stamp eligibility. The treatment of section 49.79 (1m) of the statutes first applies to eligibility and continued eligibility determinations that are made on the effective date of this subsection.

SB676,38,3 (3) Eligibility for low-income energy assistance. The treatment of section 16.27 (5) (intro.) and (b) and (5m) of the statutes first applies to the eligibility of households applying for low-income energy assistance under section 16.27 (4) of the statutes on the effective date of this subsection or, if the department of administration determines under section 16.27 (5m) (b) of the statutes, as created by this act, that a federal waiver is needed, on the first day on which the waiver is granted and in effect.

SB676,38,11 (4) Eligibility for housing assistance; Department of Administration. The treatment of sections 16.3025, 16.303 (1) (a), 16.305 (2) (d), and 16.306 (2) (a) and (c) of the statutes first applies to housing, housing costs, utility-related costs, grants, or loans provided, directly or indirectly, by the department of administration to persons and families of low and moderate income on the effective date of this subsection or, if the department of administration determines under section 16.3025 of the statutes, as created by this act, that a federal waiver is needed, on the first day on which the waiver is granted and in effect.

SB676,38,21 (5) Eligibility for housing assistance; Wisconsin Housing and Economic Development Authority. The treatment of sections 234.03 (intro.), 234.038, 234.04 (1), (2), and (3), 234.06 (1) and (3), 234.49 (2) (a) (intro.), 234.59 (2) (intro.), and 234.592 (2) (intro.) of the statutes first applies to assistance payments, housing, housing assistance, grants, or loans provided, directly or indirectly, by the Wisconsin Housing and Economic Development Authority to persons and families of low and moderate income on the effective date of this subsection or, if the Wisconsin Housing and Economic Development Authority determines under section 234.038 (2) of the statutes, as created by this act, that a federal waiver is needed, on the first day on which the waiver is granted and in effect.

SB676,39,3 (6) Eligibility for housing assistance; local housing authorities. The treatment of section 66.1204 of the statutes first applies to assistance payments, housing, housing assistance, grants, or loans provided, directly or indirectly, by a housing authority created under subchapter XII of chapter 66 of the statutes to a person of low income on the effective date of this subsection or, if such an authority determines under section 66.1204 (2) of the statutes, as created by this act, that a federal waiver is needed, on the first day on which the waiver is granted and in effect.

SB676,39,6 (7) Higher education grants and scholarships. The treatment of sections 36.11 (59) and 39.28 (7) of the statutes first applies to a grant or scholarship awarded for the 2015-16 academic year.

SB676,39,9 (8) Parental choice programs. The treatment of sections 118.60 (2) (a) 1. b. and 119.23 (2) (a) 1. b. of the statutes first applies to eligibility to participate in a parental choice program in the 2014-15 school year.

SB676,91 Section 91. Effective dates. This act takes effect on the day after publication, except as follows:

SB676,39,13 (1) School lunch program. The treatment of section 115.34 (3) of the statutes takes effect on July 1, 2014.

SB676,39,14 (End)