Wisconsin Administrative Code
Department of Agriculture, Trade and Consumer Protection
ATCP 140 - Marketing
Chapter ATCP 161 - Something Special From Wisconsin
Section ATCP 161.52 - Grant or loan contract; general
Universal Citation: WI Admin Code ยง ATCP 161.52
Current through February 26, 2024
The 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.
The amended version of this section by Register June 2023 No. 810, eff. 7/1/2023 is not yet available.
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