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Loan fund in place since 1989
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MONROE - The City of Monroe Revolving Loan Fund (RLF) began in 1989.The Forward section of the city's original revolving loan fund policies and procedures document, obtained from the City Administrator Phil Rath, sets the scene:"The City of Monroe applied to the State through the Wisconsin Development Fund (WDF) economic development program for a grant. The final approval was given by the Governor (Tommy Thompson) on November 2, 1989. This provided the initial revenue for the City of Monroe's Economic Development Revolving Loan Fund."