175,8
Section
8. 66.0627 (8) (a) of the statutes is renumbered 66.0627 (8) (a) 1. (intro.) and amended to read:
66.0627 (8) (a) 1. (intro.) A
Except as provided in subd. 2., a political subdivision may make a loan, or enter into an agreement regarding loan repayments to a 3rd party for owner-arranged or lessee-arranged financing, to an owner or lessee of a premises that is a residential property containing at least 5 dwelling units or a nonresidential property and that is located in the political subdivision for a brownfield revitalization project or for the financing or refinancing of a project for making or
, installing an, operating, or maintaining any of the following with regard to the premises:
a. An energy efficiency or reliability improvement, a.
b. A water efficiency improvement, or a.
c. A renewable resource application to the premises.
175,8c
Section 8c. 66.0627 (8) (a) 1. d. of the statutes is created to read:
66.0627 (8) (a) 1. d. An EV infrastructure improvement.
175,8e
Section 8e. 66.0627 (8) (a) 1. e. of the statutes is created to read:
66.0627 (8) (a) 1. e. A resiliency improvement.
175,8g
Section 8g. 66.0627 (8) (a) 1. f. of the statutes is created to read:
66.0627 (8) (a) 1. f. A storm water control measure.
175,9
Section
9. 66.0627 (8) (a) 2. of the statutes is created to read:
66.0627 (8) (a) 2. A political subdivision may not make a loan or enter into an agreement under subd. 1. for the financing or refinancing of a project for making, installing, operating, or maintaining a resiliency improvement for a premises to which a floodplain zoning ordinance applies unless all of the following apply:
a. If the premises is a nonconforming building, as defined in s. 87.30 (1d) (a) 1., the building would be permanently repaired, reconstructed, or improved so as to comply with all applicable requirements of the floodplain zoning ordinance for the area of the floodplain that it occupies after completion of the resiliency improvement.
b. If the political subdivision participates in the National Flood Insurance Program, the owner or lessee of the premises agrees to maintain any flood insurance policy required under the program for the premises.
175,10
Section
10. 66.0627 (8) (am) of the statutes is amended to read:
66.0627 (8) (am) If a political subdivision makes a loan or enters into an agreement under par. (a) 1. or (ag), the political subdivision may collect the loan repayment amounts due under the loan or agreement as a special charge under this section. Notwithstanding sub. (4), a special charge imposed under this paragraph may be collected in installments and may be included in the current or next tax roll for collection and settlement under ch. 74 even if the special charge is not delinquent. If a political subdivision makes a loan, or enters into an agreement regarding loan repayments to a 3rd party, for a brownfield revitalization project under par. (a), the repayment period may not exceed 20 30 years.
175,10m
Section 10m. 66.0627 (8) (b) of the statutes is amended to read:
66.0627 (8) (b) A political subdivision that imposes a special charge under par. (am) may permit special charge installments to be collected by a 3rd party that has provided financing for the improvement or application project under par. (a) 1. and may require that the 3rd party inform the political subdivision if a special charge installment is delinquent.
175,11
Section
11
. 66.0627 (8) (c) of the statutes is amended to read:
66.0627 (8) (c) An installment payment authorized under par. (am) that is delinquent becomes a lien on the property that benefits from the improvement or application project under par. (a) 1. or (ag) as of the date of delinquency. A lien under this paragraph runs with the land and has the same priority as a special assessment lien.
175,12
Section
12. 66.0627 (8) (cm) of the statutes is created to read:
66.0627 (8) (cm) 1. If an installment payment authorized under par. (am) is delinquent, a lien under par. (c) may be enforced by foreclosure under s. 75.521.
2. The governing body of a county may assign the county's right to take judgment with respect to any parcel that is subject to subd. 1. to a 3rd party that is party to a loan repayment agreement under par. (a) 1. or (ag). An assignment under this subdivision shall be in accordance with s. 75.106, except that s. 75.106 (1) and (2) (d), (e), and (f) do not apply.
175,13
Section
13. 66.0627 (8) (d) of the statutes is renumbered 66.0627 (8) (d) (intro.) and amended to read:
66.0627 (8) (d) (intro.) A political subdivision that, under par. (a) 1., makes a loan to, or enters an agreement with, an owner or lessee for making or installing an improvement or application that costs $250,000 or more a project under par. (a) 1. shall require the owner
or lessee to obtain a written guarantee from the contractor or project engineer that the improvement or application will achieve a savings-to-investment ratio of greater than 1.0 and that the contractor or engineer will annually pay the owner any shortfall in savings below this level. The political subdivision may determine the method by which a guarantee under this paragraph is enforced do all of the following:
1. For an energy efficiency or reliability improvement or water efficiency improvement, obtain a 3rd-party assessment of the baseline water or energy use of the owner or lessee's property and an assessment of the expected monetary savings due to the improvement or, for a renewable resource application, obtain an assessment of the renewable energy production of the application and the expected monetary benefit to be generated by the application. This paragraph subdivision does not apply to a loan or agreement for a brownfield revitalization project, a customer-side water service line replacement, an EV infrastructure improvement, a resiliency improvement, or a storm water control measure.
175,14
Section 14
. 66.0627 (8) (d) 2. of the statutes is created to read:
66.0627 (8) (d) 2. After the project under par. (a) 1. is complete, provide a verification that the project was properly made, installed, or maintained or, for a loan or agreement solely for the operation of a project, that at the time the loan is made or the agreement entered into the project was in proper operational condition.
175,15
Section
15. 66.0627 (8) (e) of the statutes is repealed.
175,16
Section
16. 66.0627 (8) (f) of the statutes is created to read:
66.0627 (8) (f) A political subdivision shall require that the owner or lessee obtain the written consent of all holders of a mortgage of record on the premises as a condition of making a loan or entering into an agreement under par. (a) 1.
175,17
Section 17
.
Initial applicability.
(1) This act first applies to an application made to a political subdivision for a loan or an agreement regarding loan repayment to a 3rd party on the effective date of this subsection.
