LRB-0249/1
RNK:wlj:md
2011 - 2012 LEGISLATURE
DOA:......Stinebrink, BB0098 - Bonding increase for the dam safety program
For 2011-13 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Natural Resources
Navigable waters
Under current law, DNR administers a financial assistance program for projects that increase dam safety, including projects to maintain, repair, or remove a dam. Current law authorizes DNR to contract public debt for the purpose of funding the dam safety program. Under current law, DNR has bonding authority for the dam safety program of up to $9,500,000. Debt service on this debt is paid from the general fund. DNR has additional bonding authority under the dam safety program of up to $6,600,000, the debt service on which is paid from the conservation fund. This bill increases DNR's bonding authority, the debt service on which is paid from the general fund, by $4,000,000.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 20.866 (2) (tx) of the statutes is amended to read:
20.866 (2) (tx) Natural resources; dam safety projects. From the capital improvement fund, a sum sufficient for the department of natural resources to provide financial assistance to counties, cities, villages, towns and public inland lake protection and rehabilitation districts for dam safety projects under s. 31.385. The state may contract public debt in an amount not to exceed $9,500,000 $13,500,000 for this purpose.
(End)
