LRB-4755/1
JK:amn
2015 - 2016 LEGISLATURE
March 3, 2016 - Introduced by Representatives Shankland, Barnes,
Berceau,
Spreitzer, C. Taylor and Wachs, cosponsored by Senator Hansen. Referred to
Committee on State Affairs and Government Operations.
AB971,1,2
1An Act to create 19.45 (14) of the statutes;
relating to: state public officials
2paying debts to the state.
Analysis by the Legislative Reference Bureau
Under the bill, if a state elected official fails to pay a debt owed to the state
within 30 days after incurring the debt, the official shall pay interest on the debt at
the rate equal to the prevailing federal student loan interest rate.
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:
AB971,1
3Section
1. 19.45 (14) of the statutes is created to read:
AB971,2,24
19.45
(14) A state elected official who owes a debt to the state shall pay the
5amount of the debt no later than 30 days after incurring the debt. An official who
6fails to pay the debt before the 30-day period expires shall pay the debt to the
7department of administration along with interest at the rate equal to the interest on
1direct unsubsidized federal student loans for undergraduates for loans disbursed on
2the date when the amount is due under this subsection.
