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Chapter Trans 512
TRANSPORTATION INFRASTRUCTURE LOAN PROGRAM
Trans 512.01   Purpose and scope.
Trans 512.02   Definitions.
Trans 512.03   Application procedure.
Trans 512.04   Screening criteria.
Trans 512.05   Evaluation criteria.
Trans 512.06   Agreements.
Trans 512.07   Reporting.
Note: Chapter Trans 512 was created as an emergency rule effective January 5, 1998.
Trans 512.01 Purpose and scope.
(1) The purpose of this chapter is to establish a procedure for the administration of the transportation infrastructure loan program as provided in s. 85.52, Stats.
(2) The objective of the transportation infrastructure loan program is to establish a revolving loan fund, loan guarantees, interest rate subsidies, lease buy-back options and other financial leveraging instruments to assist communities in providing for transportation infrastructure and capital improvements to preserve, promote and encourage economic development, or to improve and promote local and regional transportation efficiencies and mobility for Wisconsin communities.
(3) The department shall create within the transportation infrastructure bank a separate account to be designated as the highway account and a separate account to be designated as the transit account, each of which shall be designated solely to providing loans and other forms of financial assistance consistent with the national highway system designation act of 1995, P.L. 104-59 and s. 85.52, Stats.
History: Cr. Register, June, 1998, No. 510, eff. 7-1-98.
Trans 512.02 Definitions. The words and phrases defined in ss. 85.52 and 340.01, Stats., have the same meaning in this chapter unless a different definition is specifically provided. In this chapter:
(1) ‘‘Economic development” means any of the following:
(a) Retention or creation of jobs in the state.
(b) Significant capital investment.
(c) Increased competitiveness of a Wisconsin business leading to increased sales or profits and significant contribution to the economy of this state.
(2) ‘‘Eligible applicant” means a county, city, village or town, Amtrak, as defined in s. 85.061 (1), Stats., a railroad as defined in s. 85.01 (5), Stats., a private nonprofit organization that is an eligible applicant under s. 85.22 (2) (am), Stats., or a transit commission created under s. 59.58 (2) or 66.1021, Stats.
(3) ‘‘Mobility” means the efficient movement of people and commodities by various transportation and carrier modes.
(4) ‘‘Project” means a state infrastructure bank project eligible under s. 85.52, Stats., and P.L. 104-59 section 350, 109 Stat. 618-622.
(5) ‘‘Transportation efficiency” means an infrastructure or mobility improvement which does any of the following:
(a) Increases traffic mobility.
(b) Reduces traffic congestion.
(c) Reduces travel time.
(d) Reduces travel distance.
(e) Improves accessibility.
(f) Increases traffic circulation.
(g) Improves geometrics.
(h) Improves comfort and rideability of travelers.
(i) Increases mobility for seniors and individuals with disabilities as defined in s. 85.22 (2), Stats.
(j) Improves safety.
(k) Improves air quality.
History: Cr. Register, June, 1998, No. 510, eff. 7-1-98; correction in (2) made under s. 13.92 (4) (b) 7., Stats., Register November 2009 No. 647.
Trans 512.03 Application procedure. Eligible applicants under this chapter may make application to the department at any time for funding. Application and funding cycles shall be established and publicly announced by the department. An application under this chapter shall be in a form as the department may require.
Note: Applicants may obtain an application and program packet by contacting the department website or the Economic Development Section Chief, Bureau of Planning and Economic Development, Wisconsin Department of Transportation, Madison, WI 53707.
History: Cr. Register, June, 1998, No. 510, eff. 7-1-98; CR 22-048: am. (5) (i) Register July 2023 No. 811, eff. 8-1-23.
Trans 512.04 Screening criteria. Applications that meet the following screening criteria shall be evaluated for funding eligibility:
(1) Whether the applicant is eligible.
(2) Whether the project is eligible under P.L. 104-59 section 350, 109 Stat. 618-622.
(3) Whether the applicant has the committed financial resources to complete the project.
(4) Whether the project will be for a public purpose.
(5) Whether the applicant certifies that funds from a loan under this chapter may not be used to pay overhead costs, replace funds from another source or refinance an existing debt.
History: Cr. Register, June, 1998, No. 510, eff. 7-1-98.
Trans 512.05 Evaluation criteria. The department shall evaluate and rank the applications that are eligible for funding according to the following criteria:
(1) Whether the project represents a prudent and productive investment of public funds.
(2) The extent to which the project furthers economic development.
(3) Whether the project is compatible and complementary to other intermodal transportation facilities.
(4) Whether the project improves transportation efficiency and mobility.
(5) Whether the project accelerates the completion of a major highway project under s. 84.013, Stats.
(6) The degree to which the loan leverages other financial resources.
(7) Whether the project can be completed in a timely manner.
(8) The financial viability of the project.
(9) The security of any repayment stream.
History: Cr. Register, June, 1998, No. 510, eff. 7-1-98.
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Published under s. 35.93, Stats. Updated on the first day of each month. Entire code is always current. The Register date on each page is the date the chapter was last published.