Section ATCP 161.52 - Grant or loan contract; generalThe department may not release any economic development grant or loan funds, except pursuant to a contract with the recipient. The contract shall do all of the following:
(1) Clearly identify the recipient, and the amount of the grant or loan.(2) Set forth the terms and conditions of the grant or loan, including all of the following as appropriate: (a) Actions required of the recipient, including contemplated uses of the grant or loan funds.(b) Matching funds, if any, required of the recipient.(c) Expected deliverables.(d) Repayment requirements, if any.(e) Documentation, reports, and accounting required of the recipient.(f) Penalties or remedies that the department may seek in the event of a contract breach. The specification of penalties or remedies under this paragraph does not prevent the department from pursuing any other remedy to which the department may otherwise be entitled by law.Wis. Admin. Code Department of Agriculture, Trade and Consumer Protection ATCP 161.52
Amended by, CR 10-120: cr. Register August 2011 No. 668, eff. 9-1-11; correction in sub. (2) made under s. 13.92 (4) (b) 1, Stats., Register August 2011 No. 668.The amended version of this section by Register June 2023 No. 810, eff. 7/1/2023 is not yet available.