560.21 General fund deposit. - Wisconsin Statutes

560.21

560.21 General fund deposit.

560.21(1)

(1) In this section:

560.21(1)(a)

(a) "Community development finance company" has the meaning given in s. 234.94 (3).

560.21(1)(b)

(b) "Equity investment" means the purchase of common or preferred capital stock or the purchase of an option or other right to acquire common or preferred capital stock.

560.21(2)

(2) The department shall deposit in the general fund all interest and principal received in repayment of loans under s. 560.20 (3), 1999 stats., any proceeds from equity investments made by the community development finance company under s. 234.965, 1991 stats., that are received by the department or the community development finance company, and any unencumbered grant funds returned to the department under 1993 Wisconsin Act 437, section 9115 (1t).

560.21(3)

(3) The community development finance company shall transfer to the department any proceeds that the company receives from equity investments made by the community development finance company under s. 234.965, 1991 stats.

560.21 - ANNOT.

History: 2001 a. 109 ss. 481, 482, 498, 503, 504.