SB70-AA1,212,14 157. Page 374, line 11: after that line insert:

SB70-AA1,212,15 “ Section 403. 231.02 (2) of the statutes is amended to read:

SB70-AA1,213,7 231.02 (2) The authority shall appoint an executive director and associate executive director who shall not be members of the authority and who shall serve at the pleasure of the authority. They shall receive such compensation as the authority fixes, except that the compensation of the executive director shall not exceed the maximum of the salary range established under s. 20.923 (1) for positions assigned to executive salary group 6 and the compensation of each other employee of the authority shall not exceed the maximum of the salary range established under s. 20.923 (1) for positions assigned to executive salary group 3. The executive director or associate executive director or other person designated by resolution of the authority shall keep a record of the proceedings of the authority and shall be custodian of all books, documents, and papers filed with the authority, the minute book or journal of the authority, and its official seal. The executive director or associate executive director or other person may cause copies to be made of all minutes and other records and documents of the authority and may give certificates under the official seal of the authority to the effect that such copies are true copies, and all persons dealing with the authority may rely upon such certificates.

SB70-AA1,404 Section 404. 234.02 (3) of the statutes is amended to read:

SB70-AA1,213,22 234.02 (3) The governor shall appoint a public member as the chairperson of the authority for a one-year term beginning on the expiration of the term of the chairperson's predecessor. The authority shall elect a vice chairperson. The governor shall nominate, and with the advice and consent of the senate appoint, the executive director of the authority, to serve a 2-year term. The authority shall employ the executive director so appointed, legal and technical experts and such other officers, agents and employees, permanent and temporary, as it may require, and shall determine their qualifications, duties and compensation, all notwithstanding subch. II of ch. 230, except that s. 230.40 shall apply, and except that the compensation of any employee of the authority shall not exceed the maximum of the executive salary group range established under s. 20.923 (1) for positions assigned to executive salary group 6. The authority may delegate any of its powers or duties to its employees with the consent of the executive director or to its agents.”.

SB70-AA1,213,23 158. Page 374, line 11: after that line insert:

SB70-AA1,214,2 “ Section 405. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: - See PDF for table - See PDF for table

SB70-AA1,406 Section 406. 20.490 (6) (a) of the statutes is created to read:

SB70-AA1,214,7 20.490 (6) Workforce housing rehabilitation. (a) Workforce housing rehabilitation fund. As a continuing appropriation, the amounts in the schedule to be transferred to the workforce housing rehabilitation fund under s. 234.043 for the purposes of that fund.

SB70-AA1,407 Section 407. 234.043 of the statutes is created to read:

SB70-AA1,214,17 234.043 Workforce housing rehabilitation fund. There is established under the jurisdiction and control of the authority, for the purpose of providing workforce housing rehabilitation loans under s. 234.045, a workforce housing rehabilitation fund. The authority may use moneys in the fund to cover actual and necessary expenses incurred to accomplish the purposes of this section and s. 234.045. At its discretion, the authority may also use moneys in the fund to pay costs associated with marketing its programs and services to the public, including by use of housing navigators. The workforce housing rehabilitation fund shall consist of all of the following:

SB70-AA1,214,18 (1) All moneys appropriated to the authority under s. 20.490 (6) (a).

SB70-AA1,214,19 (2) All moneys received from the repayment of loans provided under s. 234.045.

SB70-AA1,215,3 (3) All income from the investment of moneys in the workforce housing rehabilitation fund by the authority under s. 234.03 (18). All such investments shall be the exclusive property of the fund.

SB70-AA1,215,5 (4) All moneys received by the authority for the workforce housing rehabilitation fund from any other source.

SB70-AA1,408 Section 408. 234.045 (1) (intro.) of the statutes is amended to read:

SB70-AA1,215,11 234.045 (1) Definition. (intro.) In this section, “eligible rehabilitation” means an improvement to housing to maintain the housing in a decent, safe, and sanitary condition or to restore it to that condition if the improvement is the removal of lead paint or constitutes a structural or safety improvement, as determined by the authority, including any of the following:

SB70-AA1,409 Section 409. 234.045 (2) (a) (intro.) of the statutes is amended to read:

SB70-AA1,215,15 234.045 (2) (a) (intro.) From the workforce housing rehabilitation loan fund, the authority may make a loan to a person applying for the loan to pay for the cost of eligible rehabilitation to the applicant's home if all of the following apply:

SB70-AA1,410 Section 410. 234.045 (2) (a) 2. of the statutes is amended to read:

SB70-AA1,215,19 234.045 (2) (a) 2. The applicant's home is a single-family residence that serves as the primary residence of the applicant occupies and that was constructed before 1980.

SB70-AA1,411 Section 411. 234.045 (2) (a) 3. of the statutes is amended to read:

SB70-AA1,216,2 234.045 (2) (a) 3. The applicant agrees to the terms of the loan, as determined by the authority. The loan terms may include a requirement to repay the loan by making monthly principal and interest payments so that the loan is fully repaid within a given term; a requirement to repay the loan, including all interest, upon the applicant selling or otherwise transferring title to the residence to another person or upon the applicant and his or her family vacating the residence; and any other terms determined by the authority.

SB70-AA1,412 Section 412. 234.045 (2) (c) of the statutes is created to read:

SB70-AA1,216,6 234.045 (2) (c) The authority may defer the repayment or forgive the outstanding balance of any loan made under par. (a) according to criteria established by the authority.

SB70-AA1,413 Section 413. 234.53 (2) of the statutes is amended to read:

SB70-AA1,216,13 234.53 (2) Except as provided in sub. (2m) and s. 234.045, the authority shall use moneys in the fund for the purpose of purchasing housing rehabilitation loans or for funding commitments for loans to lenders for housing rehabilitation loans. All disbursements of funds under this subsection for purchasing such loans shall be made payable to an authorized lender, as defined in s. 234.49 (1) (b), or a duly authorized agent thereof.

SB70-AA1,414 Section 414. 234.55 (1) of the statutes is amended to read:

SB70-AA1,217,3 234.55 (1) The authority shall establish the housing rehabilitation loan program bond redemption fund. All housing rehabilitation loans purchased with moneys from the housing rehabilitation loan fund or notes evidencing loans to lenders from such fund for housing rehabilitation loans shall be the exclusive property of such redemption fund. All moneys received from the repayment of such loans, any amounts transferred by the authority to such fund pursuant to s. 234.52 or from other funds or sources, any federal insurance or guarantee payments with respect to such loans, all moneys resulting from the sale of bonds for the purpose of refunding outstanding housing rehabilitation bonds unless credited to the housing rehabilitation loan program capital reserve fund, any other moneys which may be available to the authority for the purpose of such fund, and all moneys received from the repayment of loans provided under ss. 234.045 and s. 234.53 (2m) shall be deposited into such fund to be used for the repayment of housing rehabilitation bonds issued under the authority of s. 234.50.”.