SB253,29,77 (b) The person demonstrates a need for a loan for one of the following:
SB253,29,88 1. The capital, operating expenses, or both of an eligible business.
SB253,29,99 2. Any expenses of an eligible project.
SB253,29,1010 (c) The person demonstrates an ability to repay the loan described in par. (b).
SB253,29,1811 (d) If the person is an individual, the individual's name does not appear, and
12if the person is a corporation, no shareholder's name appears, and, if the person is
13a partnership, no partner's name appears on the statewide support lien docket under
14s. 49.854 (2) (b) or, if the name of the individual, a shareholder, or a partner appears
15on that docket, the individual, shareholder, or partner provides to the authority a
16payment agreement that has been approved by the county child support agency
17under s. 59.53 (5) and that is consistent with rules promulgated under s. 49.858 (2)
18(a).
SB253,29,1919 (e) The person satisfies any other requirements prescribed by the authority.
SB253,30,2 20(2) Participation agreement with lender. A lender seeking to make a loan in
21which the authority may participate under this section shall apply to the authority
22for approval. If the lender is approved, the lender and the authority shall enter into
23a participation agreement that shall provide for the contractual obligations of the
24lender and the authority with respect to any loan transaction in which the authority

1participates, the terms and conditions of loans in which the authority participates,
2and other matters related to the lender's involvement in loans under this section.
SB253,30,8 3(3) Participation in loans. (a) In general. The authority may participate, to
4the extent provided in this subsection, in a loan to an eligible borrower made by a
5lender with whom the authority enters into a participation agreement under sub. (2).
6The authority may impose repayment or other terms for its portion of the loan that
7are different from the lender's loan terms. The authority shall ensure that it obtains
8a security interest for the loan.
SB253,30,109 (b) Loans. The authority may participate in a loan under par. (a) if all of the
10following apply:
SB253,30,1211 1. The collateral for the loan includes physical plant, equipment, machinery,
12or other assets.
SB253,30,1413 2. The loan does not exceed 80 percent of the appraised value of the collateral
14for the loan.
SB253,30,1615 3. The term of the loan does not exceed 10 years or, for the acquisition of land
16or facilities, does not exceed 20 years.
SB253,30,1817 (c) Maximum amount. The authority may not finance more than 50 percent or
18$25,000,000, whichever is less, of the principal of any loan under par. (a).
SB253,30,20 19(4) Fees. The authority shall charge a fee for assistance provided under this
20section to cover the costs of administering this section, including legal fees.
SB253,30,23 21(5) Guidelines and procedures. The authority shall adopt guidelines and
22establish procedures for administering this section, including guidelines or
23procedures related to all of the following:
SB253,30,2524 (a) Application procedures for eligible borrowers and for lenders seeking to
25make loans in which the authority participates under this section.
SB253,31,2
1(b) Approval requirements for lenders and additional eligibility requirements
2for eligible borrowers.
SB253,31,33 (c) The terms of participation agreements under sub. (2).
SB253,31,44 (d) Repayment and security interest requirements.
SB253,31,55 (e) Procedural requirements for the authority's participation in loans.
SB253,31,66 (f) Auditing, inspection, and reporting requirements.
SB253,31,77 (g) Any other relevant matters.
SB253,31,8 8235.15 Loan guarantees. (1) Definitions. In this section:
SB253,31,109 (a) “Guaranteed loan" means a loan that is guaranteed by the authority under
10this section.
SB253,31,1211 (b) “Participating lender" means a lender that has entered into a guarantee
12agreement with the authority under s. 235.16 (2) (a).
SB253,31,16 13(2) Eligible loans. If the authority establishes a loan guarantee program
14under s. 235.16 (2) (a) with a participating lender, the authority may guarantee
15collection from the Wisconsin clean and renewable energy reserve fund for a loan to
16a borrower under the program if all of the following apply:
SB253,31,1717 (a) The loan is for financing one of the following:
SB253,31,1818 1. The capital, operating expenses, or both of an eligible business.
SB253,31,1919 2. Any expenses of an eligible project.