SB21,179,2213 16.526 (4) (e) 5. b. Subdivision 1. 5. a. shall not apply if either of the follow
14occurs: a. The commission
the department receives a determination by the
15independent financial consulting firm under par. (d) 1. subd. 4. a. that the terms and
16conditions of the agreement reflect payments by the state that represent on-market
17rates as of the trade date for the particular type of agreement. b. The commission
18or the department provides written notice to the joint committee on finance of its
19intention to enter into an agreement that is reasonably expected to satisfy subd. 1.
20subd. 5. a., and the joint committee on finance either approves or disapproves, in
21writing, the commission's department's entering into the agreement within 14 days
22of receiving the written notice from the commission department.
SB21,450 23Section 450. 18.74 of the statutes is renumbered 16.526 (5) and amended to
24read:
SB21,180,7
116.526 (5) Application of operating note proceeds. All moneys resulting from
2the contracting of operating notes or any payment to be received under an agreement
3or ancillary arrangement entered into under s. 18.73 (5) sub. (4) (e) with respect to
4any such operating notes shall be credited to the general fund, except that moneys
5which represent premium and accrued interest on operating notes, or moneys for
6purposes of funding or refunding operating notes pursuant to s. 18.72 (1) sub. (2) (a)
7shall be credited to the operating note redemption fund.
SB21,451 8Section 451. 18.75 of the statutes is renumbered 16.526 (6), and 16.526 (6) (a),
9(b), (c) and (d), as renumbered, are amended to read:
SB21,180,1410 16.526 (6) (a) When operating notes are authorized, there shall be established
11in the state treasury or with a trustee if so required in the authorizing resolution
12certification, an operating note redemption fund separate and distinct from every
13other fund, which may contain separate and distinct accounts for each particular
14operating note issue.
SB21,180,2015 (b) The operating note redemption fund shall be expended and all moneys from
16time to time on hand therein are irrevocably appropriated, in sums sufficient, only
17for the payment of principal and interest on operating notes giving rise to it and
18premium, if any, due upon refunding or early redemption of such operating notes,
19and for the payment due, if any, under an agreement or ancillary arrangement
20entered into under s. 18.73 (5) sub. (4) (e) with respect to such operating notes.
SB21,181,221 (c) Moneys of the operating note redemption fund may be commingled only for
22the purpose of investment with other public funds, but they may be invested only as
23provided in the authorizing resolution certification. All such reinvestments shall be
24the exclusive property of such fund and all earnings on or income from such

1investments shall be used in meeting principal and interest payments on operating
2notes issued.
SB21,181,173 (d) There shall be transferred, under s. 20.855 (1) (a), a sum sufficient for the
4payment of the principal, interest and premium due, if any, and for the payment due,
5if any, under an agreement or ancillary arrangement entered into pursuant to s.
618.73 (5) sub. (4) (e) with respect to operating notes giving rise to it as the same falls
7due. Such transfers shall be so timed that there is at all times on hand in the fund
8an amount not less than the amount to be paid out of it during the ensuing 30 days
9or such other period if so provided for in the authorizing resolution certification. The
10commission department may pledge the deposit of additional amounts at periodic
11intervals and the secretary of the department may impound moneys of the general
12fund, including moneys temporarily reallocated from other funds under s. 20.002
13(11), in accordance with the pledge of revenues in the authorizing resolution
14certification, and all such impoundments are deemed to be payments for purposes
15of s. 16.53 (10), but no such impoundment may be made until the amounts to be paid
16into the bond security and redemption fund under s. 18.09 during the ensuing 30
17days have been deposited in the bond security and redemption fund.
SB21,452 18Section 452. 18.76 of the statutes is renumbered 16.526 (7).
SB21,453 19Section 453. 18.77 of the statutes is repealed.
SB21,454 20Section 454. 19.36 (14) of the statutes is created to read:
SB21,182,221 19.36 (14) University of Wisconsin System Authority. Any authority may
22withhold from access under s. 19.35 (1) information in a record that is produced or
23collected by or for the faculty or staff employed by the University of Wisconsin System
24Authority in the conduct of, or as a result of, study or research on a commercial,
25scientific, or technical subject, whether sponsored by the University of Wisconsin

1System Authority alone or in conjunction with an authority or a private person, until
2that information is publicly disseminated or patented.
SB21,455 3Section 455. 19.42 (5) of the statutes is amended to read:
SB21,182,104 19.42 (5) "Department" means the legislature, the University of Wisconsin
5System,
any authority or public corporation created and regulated by an act of the
6legislature and any office, department, independent agency or legislative service
7agency created under ch. 13, 14 or 15, any technical college district or any
8constitutional office other than a judicial office. In the case of a district attorney,
9"department" means the department of administration unless the context otherwise
10requires.
SB21,456 11Section 456. 19.42 (10) (h) of the statutes is amended to read:
SB21,182,1412 19.42 (10) (h) The members of the board of directors and employees of the
13Forward Wisconsin Housing and Economic Development Authority, except clerical
14employees.
SB21,457 15Section 457. 19.42 (10) (m) of the statutes is created to read:
SB21,182,1716 19.42 (10) (m) The president and members of the Board of Regents of the
17University of Wisconsin System Authority.
SB21,458 18Section 458. 19.42 (10) (sm) of the statutes is repealed.
SB21,459 19Section 459. 19.42 (13) (b) of the statutes, as affected by 2011 Wisconsin Act
2032
, is amended to read:
SB21,182,2221 19.42 (13) (b) The positions of associate and assistant vice presidents of the
22University of Wisconsin System Authority.
SB21,460 23Section 460. 19.42 (13) (cm) of the statutes, as affected by 2011 Wisconsin Act
2432
, is amended to read:
SB21,183,4
119.42 (13) (cm) The president and vice presidents of the University of
2Wisconsin System Authority and the chancellors and vice chancellors of all
3University of Wisconsin System institutions, the University of Wisconsin Colleges,
4and the University of Wisconsin-Extension
.
SB21,461 5Section 461. 19.42 (13) (g) of the statutes is amended to read:
SB21,183,86 19.42 (13) (g) The members of the board of directors and employees of the
7Forward Wisconsin Housing and Economic Development Authority, except clerical
8employees.
SB21,462 9Section 462. 19.42 (13) (om) of the statutes is repealed.
SB21,463 10Section 463. 19.45 (11) (intro.) of the statutes is amended to read:
SB21,183,1411 19.45 (11) (intro.) The legislature recognizes that all state public officials and
12employees and all employees of the University of Wisconsin Hospitals and Clinics
13Authority and the University of Wisconsin System Authority should be guided by a
14code of ethics and thus:
SB21,464 15Section 464. 19.45 (11) (a) of the statutes, as affected by 2011 Wisconsin Act
1632
, is amended to read:
SB21,183,2217 19.45 (11) (a) The administrator of the division director of the bureau of merit
18recruitment and selection in the office of state employment relations department of
19administration
shall, with the board's advice, promulgate rules to implement a code
20of ethics for classified and unclassified state employees except state public officials
21subject to this subchapter, personnel in the University of Wisconsin System, and
22officers and employees of the judicial branch.
SB21,465 23Section 465 . 19.45 (11) (a) of the statutes, as affected by 2015 Wisconsin Act
24.... (this act), is amended to read:
SB21,184,5
119.45 (11) (a) The director of the bureau of merit recruitment and selection in
2the department of administration shall, with the board's advice, promulgate rules to
3implement a code of ethics for classified and unclassified state employees except
4state public officials subject to this subchapter, personnel in the University of
5Wisconsin System,
and officers and employees of the judicial branch.
SB21,466 6Section 466. 19.45 (11) (b) of the statutes, as affected by 2011 Wisconsin Act
732
, is amended to read:
SB21,184,108 19.45 (11) (b) The board of regents of the University of Wisconsin System
9Authority shall establish a code of ethics for personnel in that system who are not
10subject to this subchapter.
SB21,467 11Section 467. 19.56 (2) (b) 6. of the statutes is amended to read:
SB21,184,1412 19.56 (2) (b) 6. Is made available to the official by the Wisconsin Economic
13Development Corporation
Forward Wisconsin Development Authority or the
14department of tourism in accordance with sub. (3) (e), (em) or (f).
SB21,468 15Section 468. 19.56 (3) (e) (intro.) of the statutes is amended to read:
SB21,184,1916 19.56 (3) (e) (intro.) A state public official who is an officer or employee of the
17Wisconsin Economic Development Corporation Forward Wisconsin Development
18Authority
may solicit, receive and retain on behalf of the state anything of value for
19the purpose of any of the following:
SB21,469 20Section 469. 19.56 (3) (e) 1. of the statutes is amended to read:
SB21,185,221 19.56 (3) (e) 1. The sponsorship by the Wisconsin Economic Development
22Corporation
Forward Wisconsin Development Authority of a trip to a foreign country
23primarily to promote trade between that country and this state that the Wisconsin
24Economic Development Corporation
Forward Wisconsin Development Authority can

1demonstrate through clear and convincing evidence is primarily for the benefit of
2this state.
SB21,470 3Section 470. 19.56 (3) (f) of the statutes is amended to read:
SB21,185,94 19.56 (3) (f) A state public official may receive and retain from the Wisconsin
5Economic Development Corporation
Forward Wisconsin Development Authority
6anything of value which the Wisconsin Economic Development Corporation Forward
7Wisconsin Development Authority
is authorized to provide under par. (e) and may
8receive and retain from the department of tourism anything of value which the
9department of tourism is authorized to provide under par. (em).
SB21,471 10Section 471. 19.57 of the statutes is amended to read:
SB21,185,18 1119.57 Conferences, visits and economic development activities. The
12Wisconsin Economic Development Corporation Forward Wisconsin Development
13Authority
shall file a report with the board no later than April 30 annually, specifying
14the source and amount of anything of value received by the Wisconsin Economic
15Development Corporation
Forward Wisconsin Development Authority during the
16preceding calendar year for a purpose specified in s. 19.56 (3) (e), and the program
17or activity in connection with which the thing is received, together with the location
18and date of that program or activity.
SB21,472 19Section 472. 19.58 (1) (a) of the statutes is amended to read:
SB21,185,2320 19.58 (1) (a) Any person who intentionally violates any provision of this
21subchapter except s. 19.45 (13) or 19.59 (1) (br), or a code of ethics adopted or
22established under s. 19.45 (11) (a) or (b), shall be fined not less than $100 nor more
23than $5,000 or imprisoned not more than one year in the county jail or both.
SB21,473 24Section 473. 19.82 (1) of the statutes is amended to read:
SB21,186,9
119.82 (1) "Governmental body" means a state or local agency, board,
2commission, committee, council, department or public body corporate and politic
3created by constitution, statute, ordinance, rule or order; a governmental or
4quasi-governmental corporation except for the Bradley center sports and
5entertainment corporation; a local exposition district under subch. II of ch. 229; a
6long-term care district under s. 46.2895;
or a formally constituted subunit of any of
7the foregoing, but excludes any such body or committee or subunit of such body which
8is formed for or meeting for the purpose of collective bargaining under subch. I, IV,
9or V of ch. 111.
SB21,474 10Section 474. 20.001 (7) of the statutes is created to read:
SB21,186,1211 20.001 (7) Certain appropriations of the department of financial
12institutions and professional standards.
In s. 20.142 (2):
SB21,186,1613 (a) "Banking functions" means the functions conducted by the department of
14financial institutions and professional standards under chs. 34, 138, 202, 214, 215,
15216, 217, 218, 219, 220, 221, 222, 223, 224, 421, 422, 423, 424, 425, 426, 427, 428, and
16429.
SB21,186,1717 (b) "Financial services functions" means all of the following:
SB21,186,1918 1. The functions conducted by the department of financial institutions and
19professional standards specified in par. (a).
SB21,186,2520 2. The functions conducted by the department of financial institutions and
21professional standards under chs. 132, 137, 157, 178, 179, 180, 181, 182, 183, 184,
22185, 187, 188, 190, 191, 193, 401, 402, 403, 404, 405, 407, 408, 409, 410, 411, 551, 552,
23and 553 and under ss. 50.05 (15), 66.0420, 71.80 (12), 88.05 (6), 96.17 (6), 100.23,
24101.955, 102.17, 109.09, 111.07, 231.13 (2), 279.08 (2), 443.10 (6), 703.23, 704.22,
25779.87 (3), 779.97, and 995.12 (3).
SB21,187,1
13. All functions conducted by the office of credit unions.
SB21,475 2Section 475. 20.002 (11) (b) 2. of the statutes is amended to read:
SB21,187,93 20.002 (11) (b) 2. Except as provided in subd. 3, the secretary of administration
4shall limit the total amount of any temporary reallocations to the general fund at any
5one time during a fiscal year to an amount equal to 5% 9 percent of the total amounts
6shown in the schedule under s. 20.005 (3) of appropriations of general purpose
7revenues, calculated by the secretary as of that time and for that fiscal year. During
8the 2013-15 fiscal biennium, the amount that may be reallocated under this
9subdivision during a fiscal year may not exceed 9 percent of such revenues.
SB21,476 10Section 476. 20.003 (4) (gp) of the statutes is created to read:
SB21,187,1111 20.003 (4) (gp) For fiscal year 2017-18, $65,000,000.
SB21,477 12Section 477. 20.003 (4) (gq) of the statutes is created to read:
SB21,187,1313 20.003 (4) (gq) For fiscal year 2018-19, $65,000,000.
SB21,478 14Section 478. 20.003 (4) (L) of the statutes is amended to read:
SB21,187,1615 20.003 (4) (L) For fiscal year 2017-18 2019-20 and each fiscal year thereafter,
162 percent.
SB21,479 17Section 479. 20.005 (1) of the statutes is repealed and recreated to read:
SB21,187,2018 20.005 (1) Summary of all funds. The budget governing fiscal operations for
19the state of Wisconsin for all funds beginning on July 1, 2015, and ending on June
2030, 2017, is summarized as follows: [See Figure 20.005 (1) following]

SB21,188,22 Figure: 20.005 (1)
SB21,188,33 GENERAL FUND SUMMARY - See PDF for table PDF
SUMMARY OF APPROPRIATIONS — ALL FUNDS - See PDF for table PDF
SUMMARY OF COMPENSATION RESERVES — ALL FUNDS - See PDF for table PDF
LOTTERY FUND SUMMARY - See PDF for table PDF
SB21,480 2Section 480. 20.005 (2) of the statutes is repealed and recreated to read:
SB21,191,3
120.005 (2) State borrowing program summary. The following schedule sets
2forth the state borrowing program summary: [See Figures 20.005 (2) (a) and (b)
3following]
SB21,191,55 Figure: 20.005 (2) (a)
SB21,191,66 SUMMARY OF BONDING AUTHORITY MODIFICATIONS
2015-17 FISCAL BIENNIUM - See PDF for table PDF
SB21,192,22 Figure: 20.005 (2) (b)
SB21,192,33 GENERAL OBLIGATION DEBT SERVICE
FISCAL YEARS 2015-16 AND 2016-17 - See PDF for table PDF
SB21,481 2Section 481. 20.005 (3) of the statutes is repealed and recreated to read:
SB21,201,83 20.005 (3) Appropriations. The following schedule sets forth all annual,
4biennial, and sum certain continuing appropriations and anticipated expenditures
5from other appropriations for the programs and other purposes indicated. All
6appropriations are made from the general fund unless otherwise indicated. The
7letter abbreviations shown designating the type of appropriation apply to both fiscal
8years in the schedule unless otherwise indicated. [See Figure 20.005 (3) following]
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