Statutes, codes, and regulations
Wisconsin Administrative Code
Agency - Department of Natural ResourcesEnvironmental Protection - Investigation and Remediation of Environmental ContaminationChapter NR 747 - PETROLEUM ENVIRONMENTAL CLEANUP FUND
Subchapter II - Program Eligibility
Section NR 747.15 - Assignment of awards

Wis. Admin. Code Department of Natural Resources NR 747.15

Download
PDF
Current through October 28, 2024
Section NR 747.15 - Assignment of awards

By written notification to the department, a claimant may make an assignment of an award to an institution which lends money to the claimant for the purpose of conducting remediation activities reimbursed under this chapter, as specified in s. 292.63(4m), Stats. This assignment of an award creates and perfects a lien in favor of the assignee in the proceeds of the award.

Wis. Admin. Code Department of Natural Resources NR 747.15

Cr. Register, February, 1994, No. 458, eff. 3-1-94; correction made under s. 13.92(4) (b) 7, Stats., Register October 2013 No. 694.

Section 292.63(4m), Stats., states the lien secures all principal, interest, fees, costs and expenses of the assignee related to the loan. The lien under this subsection has priority over any previously existing or subsequently created lien, assignment, security interest or other interest in the proceeds of the award.