Wisconsin Administrative Code
Department of Administration
Chapter Adm 85 - Rural Hospital Loan Guarantee Program
Section Adm 85.01 - Purpose

Universal Citation: WI Admin Code ยง Adm 85.01

Current through February 26, 2024

The purpose of this chapter is to establish a procedure for the administration of those aspects of rural hospital loan guarantees made by the Wisconsin health and educational facilities authority which relate to the following:

(1) The form of the loan guarantee agreement.

(2) The conditions upon which the authority may enter into a loan guarantee agreement.

(3) The procedures for making a demand for payment under a loan guarantee agreement, or for payment by the authority under such an agreement, in the event of a default of a guaranteed loan.

(4) The basis for determining whether the guarantee is a guarantee for collection or payment.

(5) The procedures by which the authority shall carry out a loan guarantee agreement.

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