Current as of January 01, 2018 | Updated by FindLaw Staff
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(1) In order to receive a grant for a purchase under s. 281.69(3)(b)1. or 281.70(5)(c)1., the recipient shall enter into a contract with the department that contains all of the following provisions:
(a) Standards for the management of the property to be acquired.
(b) A prohibition against using the property to be acquired as security for any debt unless the department approves the incurring of the debt.
(c) A prohibition against the property being closed to the public unless the department determines it is necessary to protect wild animals, plants or other natural features.
(d) A clause that any subsequent sale or transfer of the property to be acquired is subject to subs. (2) and (3).
(2) The recipient of the grant used for a purchase under s. 281.69(3)(b)1. or 281.70(5)(c)1. may subsequently sell or transfer the acquired property to a 3rd party other than a creditor of the recipient if all of the following apply:
(a) The department approves the subsequent sale or transfer.
(b) The party to whom the property is sold or transferred enters into a new contract with the department that contains the provisions under sub. (1).
(3) The recipient of the grant used for a purchase under s. 281.69(3)(b)1. or 281.70(5)(c)1. may subsequently sell or transfer the acquired property to satisfy a debt or other obligation if the department approves the sale or transfer.
(4) If the recipient violates any essential provision of the contract, title to the acquired property shall vest in the state.
(5) The instrument conveying the property to the recipient shall state the interest of the state under sub. (4). The contract entered into under sub. (1) and the instrument of conveyance shall be recorded in the office of the register of deeds of each county in which the property is located.
Cite this article: FindLaw.com - Wisconsin Statutes Environmental Regulation (Ch. 280 to 299) § 281.71. Lake management project grants; river protection grants; purchases - last updated January 01, 2018 | https://codes.findlaw.com/wi/environmental-regulation-ch-280-to-299/wi-st-281-71.html
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