Section Trans 30.05 - Standards for the approval of loans(1) CRITERIA. The department may approve applications that satisfy the following criteria: (a) The eligibility requirements of s. Trans 30.03.(b) The applicant has been in business in Wisconsin for a continuous period of not less than 5 years prior to the date of the loan application.(c) The loan request is for at least $20,000 but not more than $200,000.(d) A demonstration of the ability of the applicant to repay the loan within the time frame prescribed in s. Trans 30.09.(e) An applicant may not have a total of more than $200,000 in loan funds outstanding under this program at one time.(f) Sufficient funds are available.(2) COMPATIBILITY WITH IMPROVEMENT PROGRAM.(a) The department may not grant a loan unless it determines that an application is compatible with the department's highway improvement program construction schedules.(b) The department shall consider loan applications on the basis of state-wide needs and importance.(c) The department may not loan funds more than 2 years before, or within 90 days of, the scheduled letting of a highway construction contract.(d) The department may not loan funds to finance work to be carried out concurrent with highway construction.Wis. Admin. Code Department of Transportation Trans 30.05
Cr. Register, January, 1991, No. 421, eff. 2-1-91.