AB50: Bill Text

AB50,2416 Section 2416. 234.66 (4) (cm) of the statutes is created to read:

AB50,1218,24 234.66 (4) (cm) The developer may use up to 25 percent of loan moneys for private infrastructure that is not and will not be owned, maintained, or provided to or by a governmental unit and is not in a rural area and transferred to public use but that otherwise meets the definition of housing infrastructure under sub. (1) (e).

AB50,2417 Section 2417. 234.66 (5) (c) of the statutes is amended to read:

AB50,1219,4 234.66 (5) (c) No loan awarded under this subsection may exceed 10 25 percent of the amount of the total cost of development of the residential housing supported by the eligible project.

AB50,2418 Section 2418. 234.661 (1) (b) of the statutes is amended to read:

AB50,1219,8 234.661 (1) (b) “Eligible political subdivision” governmental unit” means the city, village, town, or county governmental unit having jurisdiction over an eligible project, as determined by the authority.

AB50,2419 Section 2419. 234.661 (1) (c) 5. of the statutes is repealed.

AB50,2420 Section 2420. 234.661 (1) (c) 6. of the statutes is repealed.

AB50,2421 Section 2421. 234.661 (1) (e) of the statutes is renumbered 234.661 (1) (e) (intro.) and amended to read:

AB50,1219,15 234.661 (1) (e) (intro.) “Rental housing” means single-family or multifamily housing offered or intended to be offered for rent that to which any of the following applies:

AB50,1219,16 1. The housing is subject to taxation under ch. 70.

AB50,2422 Section 2422. 234.661 (3) (b) (intro.) of the statutes is amended to read:

AB50,1220,2 234.661 (3) (b) (intro.) From the main street housing rehabilitation revolving loan fund, the authority may award loans to owners of rental housing to cover housing rehabilitation costs for an eligible project. Any owner of rental housing, other than a city, village, town, or county governmental unit, may apply to the authority for a loan in accordance with the application process established by the authority under par. (c), but the authority may not award the loan unless the owner of the rental housing and eligible political subdivision governmental unit demonstrate to the satisfaction of the authority in one or more forms prescribed by the authority that all of the following apply:

AB50,2423 Section 2423. 234.661 (3) (b) 3. of the statutes is amended to read:

AB50,1220,18 234.661 (3) (b) 3. The eligible political subdivision governmental unit has reduced the cost of rental housing in connection with the eligible project by voluntarily revising zoning ordinances, subdivision regulations, or other land development regulations to increase development density, expedite approvals, reduce impact fees, or reduce parking, building, or other development costs with respect to the eligible project. For purposes of this subdivision, the political subdivision governmental unit in cooperation with the owner shall submit to the authority a cost reduction analysis in a form prescribed by the authority and signed by the owner and the head of the political subdivision’s governmental unit’s governing body that shows the cost reduction measures, including time saving measures, undertaken by the political subdivision governmental unit on or after January 1, 2023 2015, that have reduced the cost of rental housing in connection with the eligible project. The signed analysis shall clearly show for each time saving or cost reduction measure the estimated time or dollar amount saved by the owner and the estimated percentage reduction in rental housing costs.

AB50,2424 Section 2424. 234.661 (3) (b) 4. of the statutes is amended to read:

AB50,1220,22 234.661 (3) (b) 4. The eligible political subdivision governmental unit is in compliance with the requirements under ss. 66.1001, 66.10013, and 66.10014, to the extent those requirements apply to the political subdivision governmental unit.

AB50,2425 Section 2425. 234.661 (3) (b) 5. of the statutes is repealed.

AB50,2426 Section 2426. 234.661 (3) (c) of the statutes is amended to read:

AB50,1221,8 234.661 (3) (c) The authority shall establish a semiannual application process for the award of loans under this subsection. If in any application cycle there are insufficient moneys available in the main street housing rehabilitation revolving loan fund to fund all applications that meet the requirements under par. (b) and are otherwise acceptable to the authority, the authority shall prioritize funding loans for eligible projects in eligible political subdivisions governmental unit that have reduced the cost of rental housing as described in par. (b) 3. but with respect to the political subdivision governmental unit as a whole.

AB50,2427 Section 2427. 234.661 (3) (d) of the statutes is amended to read:

AB50,1221,14 234.661 (3) (d) No loan awarded under this subsection may exceed $20,000 $50,000 per dwelling unit or 25 33 percent of the total housing rehabilitation project costs, whichever is less, and the authority may establish an interest rate for any loan awarded under this subsection at or below the market interest rate or may charge no interest.

AB50,2428 Section 2428. 234.661 (5) (b) 4. of the statutes is amended to read:

AB50,1221,17 234.661 (5) (b) 4. An identification of the eligible political subdivision governmental unit with respect to which the loan was awarded.

AB50,2429 Section 2429. 234.662 (1) (c) of the statutes is renumbered 234.662 (1) (c) (intro.) and amended to read:

AB50,1221,22 234.662 (1) (c) (intro.) “Developer” means a person other than a city, village, town, or county, that converts a vacant commercial building to residential use. and that is any of the following:

AB50,2430 Section 2430. 234.662 (1) (c) 1. of the statutes is created to read:

AB50,1221,24 234.662 (1) (c) 1. A person other than a city, village, town, or county.

AB50,2431 Section 2431. 234.662 (1) (c) 2. of the statutes is created to read:

AB50,1222,2 234.662 (1) (c) 2. A tribal housing authority created by a tribal council.

AB50,2432 Section 2432. 234.662 (1) (d) of the statutes is amended to read:

AB50,1222,6 234.662 (1) (d) “Eligible political subdivision” governmental unit” means the city, village, town, or county governmental unit having jurisdiction over an eligible project, as determined by the authority.

AB50,2433 Section 2433. 234.662 (1) (e) 3. of the statutes is repealed.

AB50,2434 Section 2434. 234.662 (1) (e) 4. of the statutes is repealed.

AB50,2435 Section 2435. 234.662 (1) (em) of the statutes is created to read:

AB50,1222,11 234.662 (1) (em) “Governmental unit” means a city, village, town, county, or federally recognized American Indian tribe or band in this state.

AB50,2436 Section 2436. 234.662 (1) (f) of the statutes is renumbered 234.662 (1) (f) (intro.) and amended to read:

AB50,1222,15 234.662 (1) (f) (intro.) “Residential housing” means single-family or multifamily housing for rent or sale that to which any of the following applies:

AB50,1222,16 1. The housing is subject to taxation under ch. 70.

AB50,2437 Section 2437. 234.662 (1) (f) 2. of the statutes is created to read:

AB50,1222,20 234.662 (1) (f) 2. The housing is not subject to taxation under ch. 70 because it is designated as reservation lands, as defined in s. 165.92 (1) (a), or trust lands, as defined in s. 165.92 (1) (d).

AB50,2438 Section 2438. 234.662 (1) (g) of the statutes is amended to read:

AB50,1222,23 234.662 (1) (g) “Residential housing development” means residential housing that consists of 16 6 or more dwelling units.

AB50,2439 Section 2439. 234.662 (3) (b) (intro.) of the statutes is amended to read:

AB50,1223,8 234.662 (3) (b) (intro.) From the commercial-to-housing conversion revolving loan fund, the authority may award loans to developers to cover construction costs for an eligible project, including demolition. Any developer may apply to the authority for a loan in accordance with the application process established by the authority under par. (c), but the authority may not award the loan unless the developer and the eligible political subdivision governmental unit demonstrate to the satisfaction of the authority in one or more forms prescribed by the authority that all of the following apply:

AB50,2440 Section 2440. 234.662 (3) (b) 3. of the statutes is amended to read:

AB50,1224,2 234.662 (3) (b) 3. The eligible political subdivision governmental unit has reduced the cost of residential housing in connection with the eligible project by voluntarily revising zoning ordinances, subdivision regulations, or other land development regulations to increase development density, expedite approvals, reduce impact, water connection, and inspection fees, or reduce parking, building, or other development costs with respect to the development of residential housing supported by the project. For purposes of this subdivision, the political subdivision governmental unit in cooperation with the developer shall submit to the authority a cost reduction analysis in a form prescribed by the authority and signed by the developer and the head of the political subdivision’s governmental unit’s governing body that shows the cost reduction measures, including time saving measures, undertaken by the political subdivision governmental unit on or after January 1, 2023 2015, that have reduced the cost of residential housing in connection with the eligible project. The signed analysis shall clearly show for each time saving or cost reduction measure the estimated time or dollar amount saved by the developer and the estimated percentage reduction in housing costs.

AB50,2441 Section 2441. 234.662 (3) (b) 4. of the statutes is amended to read:

AB50,1224,6 234.662 (3) (b) 4. The eligible political subdivision governmental unit is in compliance with the requirements under ss. 66.1001, 66.10013, and 66.10014, to the extent those requirements apply to the political subdivision governmental unit.

AB50,2442 Section 2442. 234.662 (3) (b) 5. of the statutes is repealed.

AB50,2443 Section 2443. 234.662 (3) (c) of the statutes is amended to read:

AB50,1224,16 234.662 (3) (c) The authority shall establish a semiannual application process for the award of loans under this subsection. If in any application cycle there are insufficient moneys available in the commercial-to-housing conversion revolving loan fund to fund all applications that meet the requirements under par. (b) and are otherwise acceptable to the authority, the authority shall prioritize funding loans for eligible projects in eligible political subdivisions governmental units that have reduced the cost of residential housing as described in par. (b) 3. but with respect to the political subdivision governmental unit as a whole.

AB50,2444 Section 2444. 234.662 (3) (d) 2. of the statutes is amended to read:

AB50,1224,20 234.662 (3) (d) 2. No loan awarded under this subsection may exceed $1,000,000 per eligible project or 20 33 percent of the total project costs, including any land purchase, whichever is less.

AB50,2445 Section 2445. 234.662 (5) (b) 4. of the statutes is amended to read:

AB50,1224,23 234.662 (5) (b) 4. An identification of the eligible political subdivision governmental unit with respect to which the loan was awarded.

AB50,2446 Section 2446. 238.03 (4) (b) (intro.) and 1. of the statutes are consolidated, renumbered 238.03 (4) (b) and amended to read:

AB50,1225,6 238.03 (4) (b) The board shall establish policies and procedures for maintaining and expending any unassigned balance that satisfy all of the following requirements: 1. The policies and procedures shall be consistent with best practices recommended by the Government Finance Officers Association.

AB50,2447 Section 2447. 238.03 (4) (b) 2. of the statutes is repealed.

AB50,2448 Section 2448. 238.127 (1) (a) of the statutes is renumbered 238.127 (1) (bm) and amended to read:

AB50,1225,12 238.127 (1) (bm) “Business area” means a commercial area existing at the time services under the state main street program are requested and having historic significance downtown area or historic commercial district.

AB50,2449 Section 2449. 238.127 (1) (b) of the statutes is renumbered 238.127 (1) (am) and amended to read:

AB50,1225,16 238.127 (1) (am) “Municipality Applicant” means a city, village or, town, tribal government, chamber of commerce, or nonprofit organization.

AB50,2450 Section 2450. 238.127 (2) (intro.) of the statutes is amended to read:

AB50,1225,23 238.127 (2) (intro.) The corporation shall establish and administer a state main street program to coordinate state and local participation in programs offered by the national main street center, created by the national trust for historic preservation, to assist municipalities applicants in planning, managing and implementing programs for the revitalization of business areas. The corporation shall do all of the following:

AB50,2451 Section 2451. 238.127 (2) (a) of the statutes is repealed.

AB50,2452 Section 2452. 238.127 (2) (c) of the statutes is repealed.

AB50,2453 Section 2453. 238.127 (2) (d) of the statutes is amended to read:

AB50,1226,5 238.127 (2) (d) Coordinate with other state and local public and private entities which provide services to municipalities applicants undertaking projects for the revitalization of business areas.

AB50,2454 Section 2454. 238.127 (2) (e) of the statutes is amended to read:

AB50,1226,16 238.127 (2) (e) Annually select, upon application, up to 5 municipalities applicants to participate in the state main street program. The program for each municipality applicant shall conclude after 3 years, except that the program for each municipality applicant selected after July 29, 1995, shall conclude after 5 years. The corporation shall select program participants representing various geographical regions and populations. A municipality An applicant may apply to participate, and the corporation may select a municipality an applicant for participation, more than one time. In selecting a municipality an applicant, however, the corporation may give priority to those municipalities applicants that have not previously participated.

AB50,2455 Section 2455. 238.127 (2) (f) (intro.) of the statutes is amended to read:

AB50,1226,20 238.127 (2) (f) (intro.) For use in selecting the participants in the state main street program under par. (e), develop objective criteria relating to evaluate and consider at least the following issues:

AB50,2456 Section 2456. 238.127 (2) (f) 1. of the statutes is amended to read:

AB50,1226,23 238.127 (2) (f) 1. Private and public sector interest in and commitment to revitalization of a business area selected by the municipality applicant.

AB50,2457 Section 2457. 238.127 (2) (f) 2. of the statutes is amended to read:

AB50,1227,2 238.127 (2) (f) 2. Potential private sector investment in a business area selected by the municipality applicant.

AB50,2458 Section 2458. 238.127 (2) (f) 3. of the statutes is repealed.

AB50,2459 Section 2459. 238.127 (2) (f) 3m. of the statutes is created to read:

AB50,1227,6 238.127 (2) (f) 3m. Potential to retain small businesses in the business area selected by the applicant.

AB50,2460 Section 2460. 238.127 (2) (f) 4. of the statutes is repealed.

AB50,2461 Section 2461. 238.127 (2) (f) 4m. of the statutes is created to read:

AB50,1227,10 238.127 (2) (f) 4m. Potential to attract new businesses to the business area selected by the applicant.

AB50,2462 Section 2462. 238.127 (2) (f) 5. of the statutes is repealed.

AB50,2463 Section 2463. 238.127 (2) (f) 5m. of the statutes is created to read:

AB50,1227,14 238.127 (2) (f) 5m. Potential to generate new economic activity and grow the tax base in the business area selected by the applicant.

AB50,2464 Section 2464. 238.127 (2) (f) 6. of the statutes is created to read:

AB50,1227,17 238.127 (2) (f) 6. Potential to create employment opportunities in the business area selected by the applicant.

AB50,2465 Section 2465. 238.127 (2) (h) of the statutes is amended to read: