Section 510.02. Definitions.

  In addition to the words and phrases as defined in s. 84.185 , Stats., in this chapter:

(1)  "Applicant" means a business, consortium or governing body.

(2)  "Applicant's share" means an amount of money or in kind services equaling no less than 50% of the final transportation facility improvement cost. In kind services may include, but are not limited to, engineering, land acquisition and construction.

(3)  "Cost per direct job" means the grant ceiling divided by the number of direct jobs.

(4)  "Department" means the department of transportation.

(5)  "Direct jobs" means the number of eligible jobs directly associated with an economic development project and listed on the application, as reviewed and approved by the department.

(6)  "Eligible jobs" means jobs that represent net employment gains in this state.

(7)  "Final transportation facility improvement cost" means the actual contract cost incurred for constructing participating elements of approved transportation facility improvements, including contract change orders for work approved by the department.

(8)  "Grant ceiling" means the department's maximum financial participation in a transportation facility improvement.

(9)  "Reviewed transportation facility improvement cost"means the estimated cost of the transportation facility improvement as reviewed and approved by the department.

(10)  "Secretary" means the secretary of transportation.

History: Cr. Register, February, 1990, No. 410 , eff. 3-1-90.