Wisconsin Administrative Code
Department of Transportation
Chapter Trans 54 - Advance land acquisition loan program for airports
Section Trans 54.02 - Definitions
Current through February 26, 2024
Along with words and phrases as defined in ss. 114.001 and 114.002, Stats., the following definitions shall apply in the interpretation of this chapter:
(1) "Assessment of value" means a value ascribed to the property by the department. It includes, but is not limited to, the purchase price, awards of damages, and awards or values set by courts, regulatory bodies, or arbitration, plus such other costs as may be incurred in the purchase, including the cost of litigation, relocation, relocation assistance, land surveys, appraisals, negotiation, legal services, necessary project plans, environmental studies, and other costs incidental to the acquisition.
(2) "Bureau" means department of transportation, bureau of aeronautics.
(3) "Fund" means the advance land acquisition loan funds referred to in s. 114.37(3), Stats.
(4) "Sponsor" means the owner or prospective owner of a public-use airport in the Wisconsin state airport system plan, including a city, county, town, village or owner of a public-use airport and any 2 or more such governmental units having joint ownership.
