Sincerely,
Douglas La Follette
Secretary of State
__________________
State of Wisconsin
Revisor of Statutes Bureau
Madison
DATE: August 1, 1999
TO: Charles Sanders
Assembly Chief Clerk
Donald J. Schneider
Senate Chief Clerk
FROM: Gary L. Poulson
Deputy Revisor of Statutes
SUBJECT: Rules published in the July 31, 1999,
Wisconsin Administrative
Register, No. 523.
The following rules have been published:
__________________
Referral of Agency Reports
State of Wisconsin
Department of Commerce
Madison
July 20, 1999
To the Honorable, the Assembly:
A293
In accordance with s.
560.03(15), the Department of Commerce is required to submit an annual report to the Legislature analyzing the use of IRB financing authorized under Section
66.521 of Wisconsin Statutes, and report on the benefits of that use. The Department of Commerce is also required to submit a summary of the employment impact estimates required under Section
560.034(2) of Wisconsin Statutes.
I am respectfully submitting the attached Industrial Revenue Bond Activity Report. If you have any questions concerning the report or would like to obtain copies, please contact Steven Sabatke in the Division of Community Development at 608/267-0762.
Sincerely,
Brenda J. Blanchard
Secretary
Referred to committee on Ways and Means.
__________________
State of Wisconsin
Department of Administration
Madison
July 30, 1999
To the Honorable, the Legislature:
This report is transmitted as required by sec. 20.002(11)(f), Wis. Stats. (for distribution to the appropriate standing committees under sec. 13.172(3), Wis. Stats.), and confirms that the Department of Administration has found it necessary to exercise the "temporary reallocation of balances" authority provided by this section in order to meet payment responsibilities and cover resulting negative balances during the month of June 1999.
On June 1, 1999 the Wisconsin Health Education Loan Repayment Fund balance was -$5 thousand. This shortfall continued until June 30, 1999 when the balance reached $39 thousand. This shortfall was due to the timing of revenues.
On June 1, 1999 the Wisconsin Health Insurance Risk Sharing Plan Fund balance was -$20 thousand. This shortfall continued until June 8, 1999 when the balance reached $18 thousand. This shortfall was due to the timing of revenues.
On June 1, 1999 the Support Collection Trust Fund balance was -$1.03 million. This shortfall continued until June 2, 1999 when the balance reached $1.1 million. On June 11, 1999 the balance was -$702 thousand. This shortfall increased to -$801 thousand on June 14, 1999 and continued until June 15, 1999 when the balance reached $2.02 million. These shortfalls were due to the timing of revenues.
On June 25, 1999 the University Trust-Principal Fund balance was -$204 thousand. This shortfall continued until July 6, 1999 when the balance reached $187 thousand. This shortfall was due to the timing of revenues.
The Wisconsin Health Education Loan Repayment Fund, Wisconsin Health Insurance Risk Sharing Plan Fund, Support Collection Trust Fund, and University Trust-Principal Fund shortfalls were not in excess of the statutory interfund borrowing limitation and did not exceed the balances of the Funds available for interfund borrowing.
The distribution of interest earnings to investment pool participants is based on the average daily balance in the pool and each fund's share. Therefore, the monthly calculation by the State Controller's Office will automatically reflect the use of these temporary reallocations of balance authority.
Sincerely,
Mark D. Bugher
Secretary
Referred to committee on Ways and Means.
__________________
Representative Foti moved that the Assembly stand adjourned until 10:00 A.M. on Thursday, August 5.
The question was: Shall the Assembly stand adjourned?
Motion carried.
The Assembly stood adjourned.
1:31 P.M.
