231.35 Rural hospital loan guarantee.
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/wi/chapter-231/231-35-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
231.35 Rural hospital loan guarantee.
(1)In this section:
(a)“Guaranteed loan” means a loan that the authority guarantees under sub.
(3).
(b)“Hospital services” means medical or social services provided by a hospital and includes day care, hospice care and outpatient treatment.
(c)“Participating lender” means any person, including the authority, who does all of the following:
1. Makes loans to rural hospitals.
2. Enters into a guarantee agreement with the authority under sub.
(6).
(d)“Rural” means outside a metropolitan statistical area specified under 42 CFR 412.62
(A)or in a city, village, or town with a population of not more than 14,000.
(e)“Rural hospital loan fund” means the fund established under s. 231.36 .
(2)A person is eligible for a guarantee under this section if the person is one of the following:
(a)A nonprofit rural hospital with no more than 100 beds.
(b)A cooperative organized under ch. 185 or 193 that consists of one or more rural hospitals, each with no more than 100 beds.