Assembly Bill 695 establishes a landlord fire prevention grant program administered by the Department of Administration (DOA) to support landlords in implementing fire prevention and suppression measures in residential buildings. The program will provide grants to cover up to 50 percent of the costs incurred by landlords for measures such as installing fire sprinklers and providing fire extinguishers. Grants will be awarded on a first-come, first-served basis, with a total funding cap of $10,000,000 for the program. The DOA is tasked with creating the application procedures and setting the terms and conditions for grant eligibility.

Additionally, the bill includes the creation of new statutory sections, specifically 16.265 and 20.505 (1) (ft), which outline the framework for the grant program and the associated funding appropriations. The DOA is also required to promulgate rules to administer the program, including establishing eligibility criteria for landlords seeking grants. This initiative aims to enhance fire safety in residential properties across Wisconsin.