Some projects may involve funds from Federal, State, or local sources. WHEDA does not interpret or provide guidance related to these publicly funded activities. All requirements as to rules and regulations compliance, and specifically as to the Davis-Bacon Act, are the sole responsibility of the Borrower. For additional, specific guidance on the Davis Bacon Act, contact the Wisconsin Department of Workforce Development. Other compliance requirements should be obtained from the funding entity.
The Lender bears absolute responsibility for assuring itself that all applicable rules and regulations are being followed and that the collateral offered is not impaired by the Borrower's compliance failure.
Guarantee payment requests may be reduced or denied in full if compliance issues are present.
