Wis. Admin. Code Department of Administration § Adm 35.04 - Credit and security
(2) A recipient may not pay the principal of an obligation prior to the
payment schedule specified in the financial assistance agreement, except in accordance with the financial
assistance agreement and the obligation.
(3) In administration of
its powers and duties under s. 281.59(11) (b), Stats., the department shall deduct, as a first charge
against state payments due the municipality , any amounts due to the environmental improvement fund .
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
(1) The municipality's obligation to repay a project loan may be in the form of a general obligation or a revenue obligation.
(2) The department may require the project loan to the municipality to be in any form which the department in its discretion determines will not, during the term of the project loan, substantially and adversely affect the municipality's ability to borrow for general operations and capital costs other than the project.
(3) In administration of its powers and duties under s. 281.59(11) (b), Stats., the department shall deduct, as a first charge against state payments due the municipality, any amounts due to the clean water fund.