85.52 Transportation infrastructure loan program.

549 words·~2 min read·/wi/chapter-85/85-52

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Definitions. In this section:

(ac)“Capital project” has the meaning given in 49 USC 5302 .

(ag)“Eligible applicant” means a county, city, village, town or combination thereof, Amtrak, as defined in s. 85.061

(1), a railroad, as defined in s. 85.01

(5), a private nonprofit organization that is an eligible applicant under s. 85.22

(am), or a transit commission created under s. 59.58

(2)or 66.1021 .

(am)“Fund” means the transportation infrastructure loan fund established under s. 25.405 .

(bm)“Other assistance” has the meaning given in P.L. 104-59 , section 350

(L)(3).

(c)“Revenue obligation” has the meaning given in s. 18.52

(5).

(2)Acceptance of federal capitalization grants. The department may enter into an agreement with the U.S. department of transportation to receive a capitalization grant under P.L. 104-59 , section 350. The agreement may contain any provision required by P.L. 104-59 , section 350, and any regulation, guideline or policy adopted under that section.

(3)Administration.

(a)The department shall administer a transportation infrastructure loan program to make loans, and to provide other assistance, to eligible applicants for highway projects or transit capital projects. The department of transportation may not make a loan or provide other assistance under the program unless the secretary of administration approves of the loan or other assistance and determines that the amounts in the fund, together with anticipated receipts, will be sufficient to fully pay principal and interest costs incurred on the revenue obligations issued under sub.

(5). Loans or other assistance under the program for highway projects shall be credited to the highway account. Loans or other assistance under the program for transit capital projects shall be credited to the transit account.

(bm)Any loan made under the program shall comply with P.L. 104-59 , section 350, and any regulation, guideline or policy adopted under that section. The department may not provide other assistance under the program to an eligible applicant unless such assistance complies with P.L. 104-59 , section 350, and any regulation, guideline or policy adopted under that section.

(cm)The joint committee on finance may transfer moneys, at the request of the department, in amounts not to exceed the amounts necessary to meet the requirements under P.L. 104-59 , section 350, from the transportation fund to the transportation infrastructure loan fund. The department shall submit to the joint committee on finance for its review and approval proposed reductions among the transportation fund appropriations to the department equal to the amount transferred under this paragraph. The joint committee on finance may approve, disapprove or modify the proposed reductions. Upon approval of the proposed reductions, as may be modified by the committee, an amount equivalent to each approved reduction is lapsed from the appropriation account for each reduced appropriation to the transportation fund.

(4)Rules.

(a)The department of transportation and the department of administration shall promulgate rules necessary to implement the transportation infrastructure loan program. The rules shall specify the terms and conditions of loans or other assistance provided under the program and shall establish criteria for determining which eligible applicants and which projects are eligible to receive loans or other assistance under the program. The criteria shall include all of the following: