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Bills · 2013-2014 Regular Session

SB 151

Became law Official bill text Atom feed

Relating to: the homeownership mortgage loan program administered by the Wisconsin Housing and Economic Development Authority.

Housing and economic development authority, wisconsin Mortgage Motor vehicle

  1. Introduced, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

The Wisconsin Housing and Economic Development Authority (WHEDA)

administers a homeownership mortgage loan program to encourage homeownership

and to facilitate the acquisition of rehabilitation of certain residential properties.

Under the program, subject to certain limitations, WHEDA may, directly or by

contracting with an authorized lender, make, buy, or assume loans to finance the

construction, long-term financing, or rehabilitation of certain residential properties

(homeownership mortgage loans). One limitation is that, under current law,

homeownership mortgage loans may not be made to finance the purchase or

replacement of an existing mortgage unless the existing mortgage is a construction

loan, temporary financing, or a loan made to finance a rehabilitation project. Under

this bill, a homeownership mortgage loan may also be made to finance the purchase

or replacement of an existing mortgage if the existing mortgage is a loan funded or

serviced by WHEDA.

Sponsors

Introduced by: C. Larson (D) , Cowles (R) , Farrow (R) , Harris (D) , Harsdorf (R) , L. Taylor (D) , Lazich (R) , Lehman (D)

24 cosponsors

A. Ott (R) , Bernier (R) , Bewley (D) , Bies (R) , Brooks (R) , Honadel (R) , Jacque (R) , Jagler (R) , Loudenbeck (R) , Marklein (R) , Murphy (R) , Murtha (R) , Nass (R) , Ohnstad (D) , Petryk (R) , Ripp (R) , Sanfelippo (R) , Stone (R) , Tauchen (R) , Thiesfeldt (R) , Tranel (R) , Vinehout (D) , Young (D) , Zepnick (D)

Votes

Senate: Report passage recommended by Committee on Insurance and Housing, Ayes 5, Noes 0

Passed 5–0 May 10, 2013 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Apr 18, 2013 · Senate

    Introduced by Senators Farrow, Cowles, Harris, Harsdorf, C. Larson, Lazich, Lehman and L. Taylor; cosponsored by Representatives Tranel, Petryk, Bernier, Bewley, Bies, Brooks, Honadel, Jacque, Jagler, Loudenbeck, Marklein, Murphy, Murtha, Nass, Ohnstad, Ripp, Sanfelippo, Stone, Tauchen, Thiesfeldt, Zepnick and A. Ott

  2. Apr 18, 2013 · Senate

    Read first time and referred to Committee on Insurance and Housing

  3. May 8, 2013 · Senate

    Public hearing held

  4. May 8, 2013 · Senate

    Executive action taken

  5. May 10, 2013 · Senate

    Report passage recommended by Committee on Insurance and Housing, Ayes 5, Noes 0

  6. May 10, 2013 · Senate

    Available for scheduling

  7. May 13, 2013 · Senate

    Placed on calendar 5-14-2013 pursuant to Senate Rule 18(1)

  8. May 14, 2013 · Senate

    Rules suspended

  9. May 14, 2013 · Senate

    Read a third time and passed

  10. May 14, 2013 · Senate

    Ordered immediately messaged

  11. May 14, 2013 · Assembly

    Received from Senate

  12. May 14, 2013 · Senate

    Senator Vinehout added as a coauthor

  13. May 14, 2013 · Senate

    Read a second time

  14. May 14, 2013 · Senate

    Ordered to a third reading

  15. May 17, 2013 · Assembly

    Read first time and referred to committee on Rules

  16. Jun 4, 2013 · Assembly

    Placed on calendar 6-6-2013 by Committee on Rules

  17. Jun 6, 2013 · Assembly

    Read a second time

  18. Jun 6, 2013 · Assembly

    Ordered to a third reading

  19. Jun 6, 2013 · Assembly

    Rules suspended

  20. Jun 6, 2013 · Assembly

    Read a third time and concurred in

  21. Jun 6, 2013 · Assembly

    Representative Young added as a cosponsor

  22. Jun 6, 2013 · Assembly

    Ordered immediately messaged

  23. Jun 7, 2013 · Senate

    Received from Assembly concurred in

  24. Jun 17, 2013 · Senate

    Report correctly enrolled

  25. Jul 11, 2013 · Senate

    Presented to the Governor on 7-11-2013

  26. Jul 18, 2013 · Senate

    Report approved by the Governor on 7-17-2013. 2013 Wisconsin Act 40

  27. Jul 18, 2013 · Senate

    Published 7-18-2013