16.295(6)(c)
(c) After the investment manager satisfies
par. (b), the investment manager shall pay 90 percent of its gross proceeds from investments of the moneys designated under
sub. (5) (b) 1. to the secretary for deposit into the general fund.
16.295(7)
(7) Reports of the investment manager; public disclosures. 16.295(7)(a)(a) Annually, within 120 days after the end of the investment manager's fiscal year, the investment manager shall submit a report to the department for that fiscal year that includes all of the following:
16.295(7)(a)1.
1. An audit of the investment manager's financial statements performed by an independent certified public accountant.
16.295(7)(a)3.
3. For each venture capital fund that contracts with the investment manager under
sub. (5) (d), all of the following:
16.295(7)(a)3.c.
c. An accounting of any fee the venture capital fund paid to itself or any principal or manager of the venture capital fund.
16.295(7)(a)3.d.
d. The venture capital fund's average internal rate of return on its investments of the moneys it received under
sub. (5) (b).
16.295(7)(a)4.
4. For each business in which a venture capital fund held an investment of moneys the venture capital fund received under
sub. (5) (b), all of the following:
16.295(7)(a)4.c.
c. An identification of the venture capital fund that made the investment in the business.
16.295(7)(a)4.d.
d. The amount of each investment in the business and the amount invested by the venture capital fund from funding sources other than the investment manager.
16.295(7)(a)4.e.
e. The internal rate of return realized by the venture capital fund upon the venture capital fund's exit from the investment in the business.
16.295(7)(a)4.f.
f. A statement of the number of employees the business employed when the venture capital fund first invested moneys in the business that the venture capital fund received under
sub. (5) (b), the number of employees the business employed on the first day of the investment manager's fiscal year, and the number of employees the business employed on the last day of the investment manager's fiscal year.
16.295(7)(b)
(b) No later than 10 days after it receives the investment manager's report under
par. (a), the department shall submit the report to the chief clerk of each house of the legislature, for distribution to the legislature under
s. 13.172 (2).
16.295(7)(c)
(c) Quarterly, the investment manager shall submit a report to the department for the preceding quarter that includes all of the following:
16.295(7)(c)1.
1. An identification of each venture capital fund under contract with the investment manager under
sub. (5) (d).
16.295(7)(c)2.
2. An identification of each business in which a venture capital fund held an investment of moneys the venture capital fund received under
sub. (5) (b) and a statement of the amount of the investment in each business that separately specifies the amount of moneys designated under
sub. (5) (b) 1. that were contributed to the investment.
16.295(7)(c)3.
3. A statement of the number of employees the business employed when the venture capital fund first invested moneys in the business that the venture capital fund received under
sub. (5) (b) and the number of employees the business employed at the end of the quarter.
16.295(7)(d)
(d) The department shall make the investment manager's quarterly report under
par. (c) readily accessible to the public on the department's Internet site.
16.295(8)
(8) Progress reports. In 2015 and 2018, no later than March 1, the department shall submit reports to the joint committee on finance that include all of the following:
16.295(8)(a)
(a) A comprehensive assessment of the performance to date of the investment program under this section.
16.295(8)(b)
(b) Any recommendations the department has for improvement of the investment program under this section and the specific actions the department intends to take or proposes to be taken to implement those recommendations.
16.295(8)(c)
(c) Any recommendations the investment board has for improvement of the investment program under this section and the specific actions the investment board proposes to be taken to implement those recommendations.
16.295(9)
(9) Exemption from low bid and contractual services requirements. Sections 16.705 and
16.75 do not apply to this section.
16.295 History
History: 2013 a. 41.
16.301(1)
(1) "Community-based organization" means an organization operating in a specific geographic area that is organized primarily to provide housing opportunities for persons or families of low or moderate income, and that is one of the following:
16.301(1)(c)
(c) A federally recognized American Indian tribe or band in this state or an entity established by a federally recognized American Indian tribe or band.
16.301(2)
(2) "Housing authority" means any of the following:
16.301(2)(b)
(b) A redevelopment authority or housing and community development authority exercising the powers of a housing authority under
s. 66.1333 (3) or
66.1335 (4).
16.301(2)(c)
(c) A housing authority organized by the elected governing body of a federally recognized American Indian tribe or band in this state.
16.301(3)
(3) "Housing costs" means whichever of the following applies:
16.301(3)(a)
(a) For housing occupied by the owner, any of the following:
16.301(3)(a)1.
1. The principal and interest on a mortgage loan that finances the purchase of the housing.
16.301(3)(a)2.
2. Closing costs and other costs associated with a mortgage loan.
16.301(3)(a)7.
7. If the housing is owned and occupied by members of a cooperative or an unincorporated cooperative association, fees paid to a person for managing the housing.
16.301(6)
(6) "Utility-related costs" means costs related to power, heat, gas, light, water and sewerage.
16.301 Cross-reference
Cross-reference: See also ch.
Adm 89, Wis. adm. code.
16.302
16.302
State housing strategy plan. 16.302(1)(a)(a) The department shall prepare a comprehensive 5-year state housing strategy plan. The department shall submit the plan to the federal department of housing and urban development.
16.302(1)(b)
(b) In preparing the plan, the department may obtain input from housing authorities, community-based organizations, the private housing industry and others interested in housing assistance and development.
16.302(2)
(2) The state housing strategy plan shall include all of the following:
16.302(2)(a)
(a) A statement of housing policies and recommendations.
16.302(2)(b)
(b) An evaluation and summary of housing conditions and trends in this state, including housing stock and housing cost analyses, general population and household composition demographic analyses and housing and demographic forecasts.
16.302(2)(c)
(c) An evaluation of housing assistance needs, based in part on the evaluation under
par. (b).
16.302(2)(d)
(d) A discussion of major housing issues, including housing production, housing and neighborhood conservation, housing for persons with special needs, fair housing and accessibility and housing affordability.
16.302(2)(e)
(e) Housing policies that set the general framework for this state's housing efforts.
16.302(2)(f)
(f) Strategies for utilizing federal funding and for coordinating federal and state housing efforts.
16.302(2)(g)
(g) Specific recommendations for public and private action that contribute to the attainment of housing policies under the plan.
16.302(2)(h)
(h) Strategies and specific recommendations for public and private action that will facilitate the inclusion of bicycle-oriented and pedestrian-oriented design in residential developments and mixed-use developments that include residential elements.
16.302(3)
(3) The department shall annually update the state housing strategy plan.
16.302(4)
(4) Before October 1 of each year, the department shall submit the state housing strategy plan to the governor and to the chief clerk of each house of the legislature for distribution to the legislature under
s. 13.172 (2).
16.302 History
History: 1991 a. 39;
1997 a. 27;
2003 a. 33 s.
152; Stats. 2003 s. 560.9802;
2009 a. 351;
2011 a. 32 s.
3451m; Stats. 2011 s. 16.302.
16.303
16.303
Housing cost grants and loans. 16.303(1)
(1) The department shall do all of the following:
16.303(1)(a)
(a) Subject to
sub. (2), make grants or loans, directly or through agents designated under
s. 16.304, from the appropriation under
s. 20.505 (7) (b) to persons or families of low or moderate income to defray housing costs of the person or family.
16.303(1)(b)
(b) Determine the rate of interest, repayment terms or any other term of a loan made under this section.
16.303(1)(c)
(c) Set minimum standards for housing that is occupied by a person or family of low or moderate income who receives a grant or loan under this section.
16.303(2)
(2) In connection with grants and loans under
sub. (1), the department shall do all of the following:
16.303(2)(a)
(a) Base the amount of the grant or loan on the ratio between the recipient's housing costs and income.
16.303(2)(c)
(c) Ensure that the funds for the grants and loans are reasonably balanced among geographic areas of this state.
16.303(2)(d)
(d) Ensure that the funds for the grants and loans are reasonably balanced among the varying housing needs of persons or families of low or moderate income.
16.303(2)(e)
(e) Give priority for grants and loans to all of the following:
16.303(2)(e)5.
5. Families in which at least one minor child but only one parent live together.
16.303(2)(e)6.
6. Families with 4 or more minor children living together.
16.303(2)(e)7.
7. Other persons or families that the department determines have particularly severe housing problems.
16.303(3)(a)(a) The department may make grants or loans under
sub. (1) (a) directly or through agents designated under
s. 16.304.
16.303(3)(b)
(b) The department may administer and disburse funds from a grant or loan under
sub. (1) (a) on behalf of the recipient of the grant or loan.
16.303 History
History: 1989 a. 31;
1991 a. 39;
2001 a. 109;
2003 a. 33 s.
153; Stats. 2003 s. 560.9803;
2011 a. 32 s.
3452m; Stats. 2011 s. 16.303.
