| 1 | | - | Date of enactment: |
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| 2 | | - | 2023 Assembly Bill 1075 Date of publication*: |
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| 3 | | - | 2023 WISCONSIN ACT |
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| 4 | | - | AN ACT to amend 234.66 (4) (f) of the statutes; relating to: regional allocation of residential housing infrastructure |
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| 5 | | - | revolving loan. |
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| 6 | | - | The people of the state of Wisconsin, represented in |
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| 7 | | - | senate and assembly, do enact as follows: |
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| 8 | | - | SECTION 1. 234.66 (4) (f) of the statutes, as created |
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| 9 | | - | by 2023 Wisconsin Act 14, is amended to read: |
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| 10 | | - | 234.66 (4) (f) The authority shall divide the state into |
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| 11 | | - | regions based on the service jurisdiction as of June 24, |
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| 12 | | - | 2023, of each regional planning commission constituted |
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| 13 | | - | under s. 66.0309, with the counties not served by a |
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| 14 | | - | regional planning commission as of that date constituting |
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| 15 | | - | collectively one region. Of all moneys deposited in the |
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| 16 | | - | fund under sub. (2) (a) 1. in the 2023−25 fiscal biennium, |
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| 17 | | - | no region may receive more than 25 12.5 percent of those |
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| 18 | | - | moneys in loans awarded under this subsection and sub. |
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| 19 | | - | (5) in any given application cycle. |
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| 20 | | - | * Section 991.11, WISCONSIN STATUTES: Effective date of acts. “Every act and every portion of an act enacted by the legislature over the governor’s |
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| 21 | | - | partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication.” |
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| 1 | + | LRB-5762/1 |
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| 2 | + | MPG:cdc |
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| 3 | + | 2023 - 2024 LEGISLATURE |
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| 4 | + | 2023 ASSEMBLY BILL 1075 |
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| 5 | + | February 8, 2024 - Introduced by Representatives ARMSTRONG and BROOKS, |
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| 6 | + | cosponsored by Senator QUINN. Referred to Committee on Housing and Real |
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| 7 | + | Estate. |
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| 8 | + | ***AUTHORS SUBJECT TO CHANGE*** |
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| 9 | + | AN ACT to amend 234.66 (4) (f) of the statutes; relating to: regional allocation |
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| 10 | + | of residential housing infrastructure revolving loan. |
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| 11 | + | Analysis by the Legislative Reference Bureau |
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| 12 | + | Current law authorizes the Wisconsin Housing and Economic Development |
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| 13 | + | Authority to award revolving loans to residential housing developers for eligible |
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| 14 | + | housing infrastructure projects supporting workforce and senior housing. Among |
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| 15 | + | other loan requirements, current law requires WHEDA to divide the state into |
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| 16 | + | regions based on the service jurisdiction of each regional planning commission |
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| 17 | + | constituted under current law, with the counties not served by a regional planning |
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| 18 | + | commission constituting collectively one region. Current law provides that no such |
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| 19 | + | region may receive more than 25 percent of such loan amounts in any given |
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| 20 | + | application cycle. |
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| 21 | + | This bill changes that 25 percent loan award allocation requirement to provide |
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| 22 | + | that no such region may receive more than 12.5 percent of the moneys appropriated |
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| 23 | + | for such loans in the 2023-25 fiscal biennium. |
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| 24 | + | The people of the state of Wisconsin, represented in senate and assembly, do |
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| 25 | + | enact as follows: |
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| 26 | + | SECTION 1. 234.66 (4) (f) of the statutes, as created by 2023 Wisconsin Act 14, |
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| 27 | + | is amended to read: |
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| 28 | + | 1 |
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| 29 | + | 2 |
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| 30 | + | 3 |
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| 31 | + | 4 - 2 -2023 - 2024 Legislature LRB-5762/1 |
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| 32 | + | MPG:cdc |
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| 33 | + | SECTION 1 ASSEMBLY BILL 1075 |
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| 34 | + | 234.66 (4) (f) The authority shall divide the state into regions based on the |
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| 35 | + | service jurisdiction as of June 24, 2023, of each regional planning commission |
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| 36 | + | constituted under s. 66.0309, with the counties not served by a regional planning |
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| 37 | + | commission as of that date constituting collectively one region. Of all moneys |
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| 38 | + | deposited in the fund under sub. (2) (a) 1. in the 2023-25 fiscal biennium, no region |
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| 39 | + | may receive more than 25 12.5 percent of those moneys in loans awarded under this |
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| 40 | + | subsection and sub. (5) in any given application cycle. |
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| 41 | + | (END) |
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