SECTION 1. Trans 102.01 (1) and (2) are amended to read:
Trans 102.01 (1) As authorized by ss.
85.16 (1),
110.06,
227.11,
343.05,
343.06,
343.14,
343.15,
343.17 and
343.20, Stats., the purpose of this chapter is to administratively interpret ss.
341.08 (2) (a) and (am), 342.06 (1) (a), 343.02,
343.03,
343.05,
343.06,
343.07,
343.08,
343.10,
343.11,
343.12,
343.135,
343.14,
343.16,
343.17,
343.18,
343.19,
343.20,
343.21,
343.22,
343.25,
343.265 and
343.50, Stats., relating to issuance of operator's licenses
and, identification cards
, and vehicle title and registration.
(2) This chapter pertains to any person applying for a Wisconsin original, reissue, reinstatement, renewal, or duplicate operator's license or identification card, and vehicle title or registration.
SECTION 2. Trans 102.02 (6r) is created to read:
Fiscal Impact
The Department estimates that there will be no fiscal impact on the liabilities or revenues of any county, city, village, town, school district, vocational, technical and adult education district or sewerage district, or any federally-recognized tribes or bands.
Initial Regulatory Flexibility Analysis
This proposed rule will have no adverse impact on small businesses.
Copies of Rule
Copies of this proposed rule can be obtained, without cost, by writing to Carson Frazier, Division of Motor Vehicles, Bureau of Vehicle Services, 4802 Sheboygan Avenue, Room 253, P. O. Box 7911, Madison, WI 53707-7911, or by calling (608) 266-7857. Alternate formats of the proposed rule will be available to individuals upon request.
Notice of Hearing
Notice is hereby given that the Department of Veterans Affairs will hold a public hearing on the 6th day of December, 2002, at 9:30 a.m., in the 8th floor board room at 30 West Mifflin Street in Madison, Wisconsin.
Analysis Prepared by the Department of Veterans Affairs
The amendment of s.
VA 12.02 (7) and
(16) will raise the permissible personal loan amount to the statutory maximum of $15,000 for each eligible veteran. This should enable the Department to increase the income-producing assets of the veterans' trust fund as a result of the increased loan activity.
The amendment of s.
VA 12.04 (1) will enable the Department to adjust program interest rates by taking into account a broader array of relevant factors. It will allow the Department to fashion more marketable loan conditions than available under the current limited criteria.
Initial Regulatory Flexibility Analysis
This rule is not expected to have any adverse impact upon small businesses.
Fiscal Impact
It is estimated that the Department will be able to make additional loans of $6,000,000 on an annual basis.
Copies of Rule and Contact Person
A copy of the proposed rules and the full fiscal estimate may be obtained by contacting:
John Rosinski
Wisconsin Department of Veterans Affairs
PO Box 7843
Madison, WI 53707-7843
(608) 266-7916
