Section Adm 92.98 - Tenant-occupant who purchases(1) GENERAL. An agency shall pay a person otherwise eligible under s. Adm 92.96, an amount up to $30,000 for a downpayment on the purchase of a replacement, and reimbursement for actual expenses incidental to the purchase. The payment may not exceed the amount necessary to rent a comparable replacement as specified under s. Adm 92.96.(2) COMPUTATION OF DOWNPAYMENT AND INCIDENTAL COST. (a) The agency shall pay a person the amount the person is entitled to receive for a rental replacement payment as specified under s. Adm 92.96.(b) An agency shall pay the amount calculated under s. Adm 92.96 to a tenant-occupant who purchases a replacement business or farm operation within 2 years after the person moves from the displacement property.(c) The incidental cost as specified under s. Adm 92.92(5) shall be added to the amount as specified under par. (a). (d) An agency may require that the full amount of the downpayment assistance payment be applied to the purchase price of the replacement property and related incidental expenses. An agency may pay the amount directly to a displaced person upon reasonable assurance that the displaced person will apply the payment toward business or farm reestablishment costs.(e) An owner eligible for a payment under s. Adm 92.92 is ineligible for a downpayment assistance payment under this section.Wis. Admin. Code Department of Administration Adm 92.98
Cr. Register, March, 1986, No. 363, eff. 4-1-86; am., cr. (2) (e), Register, November, 1989, No. 407, eff. 12-1-89; corrections made under s. 13.93(2m) (b) 7, Stats., Register, April, 1996, No. 484; correction in (1), (2) (a), (b), (c), (e) made under s. 13.92(4) (b) 7, Stats., Register December 2011 No. 672.