Section NR 162.17 - Breach of contract(1) Upon breach of contract by the recipient, the department may do any of the following: (a) Declare the unpaid loan balance due and immediately payable.(b) Increase the interest rate on the unpaid balance of the loan to the market interest rate in effect on the date the financial assistance agreement was executed.(c) Rescind any grant and convert the grant amount to a loan.(d) Immediately terminate the financial assistance agreement and disburse no additional funds if the financial assistance has not been fully disbursed.(e) Seek an injunction or any other equitable or judicial relief from a court of appropriate jurisdiction.(f) Seek any other appropriate administrative remedy.(2) DOA's receipt of any payment after the occurrence of a breach of contract does not constitute the department's waiver of any rights and remedies under this section.Wis. Admin. Code Department of Natural Resources NR 162.17
CR 03-027: cr. Register November 2003 No. 575, eff. 12-1-03.Amended by, CR 14-043: cr. Register June 2015 No. 714, eff.7/1/2015.Adopted by, CR 22-045: cr. Register October 2023 No. 814, eff. 11/1/2023DOA may under s. 281.59 (11) (b), Stats., seek recovery of some or all financial assistance payments by deducting those amounts from any state payments due to a municipality, or by adding a special charge to the amount of taxes apportioned to and levied upon the county under s. 70.60, Stats.