Wisconsin Statutes 16.304 – Designated agents
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Terms Used In Wisconsin Statutes 16.304
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
- Town: may be construed to include cities, villages, wards or districts. See Wisconsin Statutes 990.01
- Village: means incorporated village. See Wisconsin Statutes 990.01
(1) The department may enter into an agreement with an agent designated under sub. (2) to allow the designated agent to do any of the following:
(a) Award grants and loans under s. 16.303 (1) and (2) subject to the approval of the department.
(b) Disburse the funds for grants and loans to persons or families of low or moderate income on terms approved by the department.
(c) On terms approved by the department, administer and disburse funds from a grant or loan under s. 16.303 on behalf of the recipient of the grant or loan.
(2) The department may designate any of the following as agents:
(a) The governing body of a county, city, village or town.
(b) The elected governing body of a federally recognized American Indian tribe or band in this state.
(c) A housing authority.
(d) A nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).
(e) A cooperative organized under ch. 185 or 193, if the articles of incorporation, articles of organization, or bylaws of the cooperative limit the rate of dividend that may be paid on all classes of stock.
(f) A religious society organized under ch. 187.
(g) An organization operated for profit.