Section 30.09. Loan repayment.

Latest version.

(1) Loans may be repaid with or without interest, as prescribed in the loan agreement. The interest rate shall be as prescribed in s. 84.065 (3) (d) , Stats.

(2) In the event alteration or relocation work for which the loan was approved is suspended or delayed for more than 90 days as approved under s. Trans 30.08 , the recipient shall, upon the department's request, refund to the department the outstanding balance of any loan, plus interest as prescribed in s. 84.065 (3) (d) , Stats.

(3) The recipient shall refund to the department the outstanding balance of any loan after completion of the alteration or relocation work for which the loan was approved, plus interest as prescribed in s. 84.065 (3) (d) , Stats.

History: Cr. Register, January, 1991, No. 421 , eff. 2-1-91.

Note

Principal and interest, if any, shall be repaid within one year of the date the highway construction improvement contract is awarded, s. 84.065 (3) (d) , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1

                    
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