WISCONSIN BLUE BOOK 1987-1988


                         STATE AUTHORITIES
  Authorities are bodies public and corporate createdfor specific purposes
and are authorized to issue
  bonds.






         COMMUNITY DEVELOPMENT FINANCE AUTHORITY

 Board of Directors: REPRESENTATIVE DISMAS BECKER (Assembly majority member),
chairperson;
   REPRESENTATIVE STAN GRUSZYNSKI, vice chairperson; PHYLLIS SCHIEFFER, secretary;
ROSALIE
   TRYON, treasurer; EDITH BORDEN (designee of secretary of development);
SENATOR GARY
   GEORGE (Senate majority member), SENATOR TIMOTHY WEEDEN (Senate minority
member),
   REPRESENTATIVE DUWAYNE JOHNSRUD (Assembly minority member); VICKI ACKLEY,
MARI-
   ANNE DRYER, Lucio FUENTEZ, SNOW MITCHELL, JR., vacancy.
 Executive Director: THOMAS G. KRAJEWSKI.
 Administrative Director: NANCY BORNSTEIN.
 Mailing Address: Suite 312, 14 West Mifflin Street, Madison 53703; field
offices: Green Bay, Mil-
   waukee, Racine.
 Telephone: (608) 266-0590.
 Number of Employes: 13 (not state funded).
 Total Budget 1987-89: $900,000 (not state funded).
 Statutory Reference: Section 233.03.
   History: The Community Development Finance Authority was created by Chapter
371, Laws
 of 1981. Principal program operations of the authority began in October
1982.
   Organization: The Community Development Finance Authority is a public
body corporate
 and politic organized as a nonprofit corporation. The corporation's board
of directors is com-
 prised of 13 members, consisting of 8 public members appointed by the governor
with the advice
 and consent of the Senate for staggered 5-year terms, the secretary of the
Department of Devel-
 opment or a designee, and 2 senators and 2 representatives representing
the majority and minor-
 ity parties in each house and appointed as are standing committees. Four
public members shall
 represent community development corporations, one shall represent organized
labor, one shall
 represent small business, one shall represent employment training programs,
and one shall repre-
 sent private financial institutions.
   The governor appoints the executive director of the authority to serve
a 2-year term. The
executive director and other staff members are employed outside the state
civil service system.
  Agency Responsibility: The Community Development Finance Authority was
established to
provide organizational development, economic planning, and business development
technical
assistance to community development corporations and Indian tribes in Wisconsin's
distressed
areas in order to facilitate the process of economic growth and development.
The authority has
created a community development finance company, Wisconsin Community Capital
(WCC), for
the purpose of investing funds in community economic development ventures.
In carrying out
this objective, the authority and WCC are receiving contributions and investments
from corpo-
rations and individuals.
  Interagency relationships: The authority works with all levels of government,
specifically in-
cluding the Department of Development, private corporations, and community
development
corporations, Indian tribes, and community-based women's organizations.


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