Section 54.05. Sponsor action required.

Latest version.

The sponsor shall, by contract, agree to:

(1) Pay the cost of any loan initiation plans or investigations necessary for the department to justify making the loan.

(2) Designate the secretary as the sponsor's agent and execute an agency agreement.

(3) Execute a contract of responsibility and performance with the secretary as part of the loan agreement.

(4) Petition for the relocation order to acquire land under s. 114.33 , Stats. , if condemnation is required.

History: Cr. Register, May, 1982, No. 317 , eff. 6-1-82.

                    
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