Wisconsin Administrative Code › Department of Natural Resources › NR 1-99 - Fish, Game and Enforcement, Forestry and Recreation › Chapter NR 51 - Administration Of Stewardship Grants › Subchapter I - General Provisions › Section NR 51.006 - Requirements for land acquisition projects

Current through June 24, 2024
(1) GRANT COST
				  SHARE. Except for grants issued under ss.
				  23.0917(4m)
				  (i) and (j), and
				  23.096(2m),
				  Stats., the department shall award grants for up to 50 percent of the
				  acquisition cost. The remainder of the acquisition cost shall come from sponsor
				  match. The sponsor shall indicate all known sources of sponsor match when the
				  grant application is submitted to the department, and dedicated match shall be
				  specifically identified.
(2)ACQUISITION COST CALCULATION. The
				  acquisition cost of donated and acquired property is either the fair market
				  value and other costs approved by the department according to s.
				  NR
				  51.002(1), or may be the owner's
				  purchase price plus the annual adjustment increase, as specified in s.
				  23.0917(7)
				  (b), (c), or (d), Stats., when the seller has
				  owned the property for less than three years.
Note:
A copy of department appraisal
					 guidelines are available from the DNR, Bureau of Community Financial
					 Assistance, Box 7921, Madison, WI 53707.
(3)PROPERTY USED AS A PORTION OF SPONSOR
				  MATCH.
(a) With approval of the department,
				  the sponsor may use up to 50 percent of the fair market value of a donated
				  property or of a property purchased with other than state funds as all or part
				  of sponsor match, but only to the extent that stewardship grant assistance is
				  needed to acquire the subject parcel, and if the donated property is acquired
				  by the sponsor within 3 years of the date that the subject parcel is to be
				  acquired.
(b) The amount that may
				  be used for sponsor match shall equal the fair market value or the amount of
				  money needed by the sponsor for the purchase, whichever is less. The grant
				  payment may not exceed the amount of money actually needed for the
				  purchase.
(c) Donations of property
				  are eligible as sponsor match only if the match property is eligible for the
				  same stewardship grant program as the property being acquired. The match
				  property shall be encumbered in perpetuity by the conditions and restrictions
				  of that stewardship program purpose.
(d) If approved by the department, any
				  residual value from an approved property match that is not utilized as sponsor
				  match for a grant application may be used for sponsor match in subsequent grant
				  applications. The sponsor has 36 months following the date that the department
				  issued the original grant under this chapter to submit future applications that
				  will use the residual value. This paragraph shall not apply to subchapter XVII.
Note:
For example: A sponsor wishes to buy
					 Parcel A with a fair market value of $14,000, but a purchase price of only
					 $10,000. Parcel B, with fair market value of $20,000, has been donated to the
					 sponsor by another landowner and the sponsor uses Parcel B as its sponsor match
					 for grant purposes. When grant funding is provided by the department, both
					 Parcels A and B become part of the program. The total value of both Parcel A
					 and Parcel B is $14,000 + $20,000 = $34,000. A grant under this chapter will
					 normally not exceed 50 percent of the total project costs, or 50 percent x
					 $34,000 = $17,000. However, because it only cost the sponsor $10,000 to
					 purchase Parcel A, a grant award of $17,000 would result in profit for the
					 sponsor. Therefore, the grant award to the sponsor can only be $10,000. The
					 remaining $7,000 in value may be used as match by the sponsor for a subsequent
					 application within 36 months of the date the Department issues the grant
					 contract for both Parcels A and B.
(e) Property acquired through a lawfully
				  required subdivision parkland dedication or through condemnation is not
				  eligible to be used as sponsor match.