Chapter Trans 54
ADVANCE LAND ACQUISITION LOAN PROGRAM FOR AIRPORTS
Trans 54.01 Purpose and scope. Trans 54.04 Loan initiation. Trans 54.05 Sponsor action required. Trans 54.07 Ownership and property management. Trans 54.08 Recovery of loan balance, interest and administrative costs. Trans 54.01(1)(1) The purpose of this chapter is to establish administrative policies and procedures necessary to implement the advance land acquisition loan fund for airports as established in s. 114.37, Stats. Trans 54.01(2)(2) The scope of this chapter shall include all provisions of s. 114.37, Stats., and applicable provisions contained in ss. 114.13 and 114.33, Stats. Trans 54.01 HistoryHistory: Cr. Register, May, 1982, No. 317, eff. 6-1-82. Trans 54.02Trans 54.02 Definitions. Along with words and phrases as defined in ss. 114.001 and 114.002, Stats., the following definitions shall apply in the interpretation of this chapter: Trans 54.02(1)(1) “Assessment of value” means a value ascribed to the property by the department. It includes, but is not limited to, the purchase price, awards of damages, and awards or values set by courts, regulatory bodies, or arbitration, plus such other costs as may be incurred in the purchase, including the cost of litigation, relocation, relocation assistance, land surveys, appraisals, negotiation, legal services, necessary project plans, environmental studies, and other costs incidental to the acquisition. Trans 54.02(2)(2) “Bureau” means department of transportation, bureau of aeronautics. Trans 54.02(4)(4) “Sponsor” means the owner or prospective owner of a public-use airport in the Wisconsin state airport system plan, including a city, county, town, village or owner of a public-use airport and any 2 or more such governmental units having joint ownership. Trans 54.02 HistoryHistory: Cr. Register, May, 1982, No. 317, eff. 6-1-82; am. (4), Register, April, 1993, No. 448, eff. 5-1-93. Trans 54.03Trans 54.03 Eligibility. Land to be purchased under the advance land acquisition program shall meet all of the following requirements: Trans 54.03(1)(1) The land to be acquired must be part of a planned airport improvement project or a land acquisition project. Trans 54.03(2)(2) The site or airport shall be included in the Wisconsin state airport system plan.