SB565-SSA1-SA14,6,219
24.61
(3) (d)
Reserve for loans for educational technology and distance
20education projects. Subject to the priority established under par. (c), to the extent
21practicable, in fiscal years 1996-97 to 1999-2000, annually the board shall reserve
22$15,000,000 for the purposes of giving priority to loans to school districts, counties,
23municipalities cities, villages, towns, tribal governments, federated public library
24systems whose territories include 2 or more counties, private nonprofit colleges and
25universities and consortia, other than consortia that include one or more technical
1college districts, for educational technology and distance education projects under s.
216.992.
SB565-SSA1-SA14,6,115
24.61
(6) Educational technology or distance education loans. The board
6shall not make a state trust fund loan to a school district, county, city, village, town
,
7tribal government, federated public library system whose territory lies within 2 or
8more counties, private, nonprofit college or university or consortium for an
9educational technology or distance education project from moneys reserved for such
10loans under sub. (3) (d), unless the educational technology board has first notified the
11board that it has approved the loan under s. 16.992 (3).
SB565-SSA1-SA14,7,213
24.61
(8) Loans to federated public library systems. Whenever a federated
14public library system applies for a loan under sub. (3), the board shall treat the
15application as a loan to each of the counties participating in the federated public
16library system in an amount equal to the total amount of the loan divided equally by
17the number of counties participating in the federated public library system, unless
18the federated public library system specifies on its application a different
19arrangement that has been agreed to by all counties participating in the federated
20public library system. The board shall not make the loan unless each county
21participating in the federated public library system qualifies for a loan in the amount
22specified in this subsection, or a different amount if that amount is specified on the
23application. If the federated public library system fails to make a timely repayment
24of the principal or payment of the interest on the loan, each county participating in
1the federated public library system is liable to repay the principal and pay the
2interest in the amount determined under this subsection.
SB565-SSA1-SA14,7,4
424.63 (title)
Term,; amount,;interest rate; collateral.
SB565-SSA1-SA14,7,126
24.63
(2r) Federated public library system loans. (a) A state trust fund loan
7to a federated public library system whose territory lies within 2 or more counties
8may be made for any term, not exceeding 20 years, as is agreed upon between the
9federated public library system and the board and, subject to par. (b), may be made
10for a total amount which, together will all other indebtedness of the federated public
11library system, does not exceed the federated public library system's allowable
12indebtedness under s. 43.17 (9) (b).
SB565-SSA1-SA14,7,1713
(b) In addition to the outstanding loan amount limit specified in par. (a), a state
14trust fund loan to a federated public library system may be made only for a total
15amount which, for each county participating in the federated public library system,
16in the proportion determined under s. 24.61 (8), together with all other indebtedness
17of the county, does not exceed the county's allowable indebtedness under s. 67.03 (1).
SB565-SSA1-SA14,7,2219
24.63
(5) Collateral for loans to colleges and universities. The board may
20secure any loan to a private, nonprofit college or university with appropriate
21collateral sufficient to guarantee repayment of the loan and payment of the accrued
22interest and any collection costs incurred by the board.
SB565-SSA1-SA14,8,12
124.66
(1) (title)
For all municipalities borrowers. (intro.) No trust fund loan
2may be made unless an application is made to the board under this section. The
3application shall state the amount of money required, the purpose to which it is to
4be applied, the times and terms of repayment, whether the loan is sought for an
5educational technology or distance education project under s. 24.61 (3) (d), and if so,
6whether the educational technology board has approved a grant to pay a portion of
7the interest on the loan under s. 16.992 (3) (b)
and in. In the case of a cooperative
8educational service agency, the
application shall also state the names of the school
9districts participating in the distance education project for which the loan is sought.
10In the case of a federated public library system, the application shall also state the
11names of the counties participating in the federated public library system. The
12application shall be accompanied by satisfactory proof:
SB565-SSA1-SA14,8,1814
24.66
(1) (a) Of the valuation of all the taxable property
within the
15municipality, as equalized for state purposes
of any municipality that is an applicant,
16of each municipality that is a member of a consortium that is an applicant, of each
17school district for which a cooperative educational service agency applies for a loan
18or of each county for which a federated public library system applies for a loan;
SB565-SSA1-SA14,8,1919
(b) Of all existing indebtedness of the
municipality
borrower; and
SB565-SSA1-SA14,9,822
24.66
(3m) For educational technology or distance education loans. An
23application by a county, city, village
or, town
or tribal government to undertake an
24educational technology or distance education project, or by a consortium that
25includes a county, city, village
or, town
or tribal government under s. 24.61 (3) (d)
1shall be accompanied by a resolution of the
board of the federated or consolidated
2public library system for that county or the county or municipal library board for that
3county, city, village
or, town
or tribal government, or
of the board of the federated or
4consolidated public library system for each county participating in the consortium
5or the county or municipal library board of each county, city, village
or, town
or tribal
6government participating in the consortium, requesting the county, city, village
or, 7town
or tribal government to apply for the loan for the purpose of conducting an
8educational technology or distance education project.
SB565-SSA1-SA14,9,1410
24.66
(3u) Distance education and educational technology projects. (a) An
11application for a loan by a county shall indicate whether the loan is sought on behalf
12of a federated or consolidated public library system serving that county and if so,
13whether the purpose of the loan is to finance a distance education or educational
14technology project.
SB565-SSA1-SA14,9,1915
(b) An application for a loan by a county, city, village, town or tribal government
16shall indicate whether the loan is sought on behalf of a county library board
17established under s. 43.57 or a municipal library board established under s. 43.54
18and if so, whether the purpose of the loan is to finance a distance education or
19educational technology project.
SB565-SSA1-SA14,9,2521
24.66
(3v) For federated public library systems. An application for a loan by
22a federated public library system shall be accompanied by a certified copy of a
23resolution of the board of the federated public library system approving the loan and
24shall contain satisfactory proof of the valuation of all taxable property within each
25county participating in the federated public library system as equalized for state
1purposes, of the existing indebtedness of the federated public library system and of
2each such county and of approval of the application by each county in the same
3manner as provided for a loan to that county for the same amount and terms under
4sub. (3).
SB565-SSA1-SA14,10,96
24.66
(3x) For private, nonprofit colleges and universities. An application
7for a loan by a private, nonprofit college or university shall be accompanied by a copy
8of a resolution of the governing body of the college or university, certified by its
9presiding officer, approving the application.
SB565-SSA1-SA14,10,1712
24.66
(5) (a)
1. Every application for a loan under this section by a municipality
13shall be accompanied by a certified copy under the hand of the proper clerk of a
14recorded resolution adopted by the municipality applying for or approving the loan,
15levying, except as provided in par. (b), upon all the taxable property of the
16municipality a direct annual tax for the purpose of paying and sufficient to pay the
17principal and interest on the proposed loan as they become due.
SB565-SSA1-SA14,10,22
182. In a 1st class city school district, the application shall be accompanied by a
19certified copy of a resolution, adopted by the board of school directors, stating that
20it is the intention of the board of school directors to include in its budget transmitted
21to the common council under s. 119.16 (8) (b) a written notice specifying the amount
22of money necessary to pay the principal and interest on the loan as they become due.
SB565-SSA1-SA14,11,10
233. Every application for a loan under this subsection by a cooperative
24educational service agency shall be accompanied by a copy of a recorded resolution
25adopted by the school board of each school district for which the loan is sought,
1certified by the school district clerk of that school district, levying upon all taxable
2property of the school district a direct annual tax for the purpose of paying and
3sufficient to pay the school district's share of the principal and interest on the
4proposed loan as they become due.
Every application for a loan under this subsection
5by a cooperative educational service agency shall be accompanied by a copy of a
6recorded resolution adopted by the school board of each school district for which the
7loan is sought, certified by the school district clerk of that school district, levying
8upon all taxable property of the school district a direct annual tax for the purpose of
9paying and sufficient to pay the school district's share of the principal and interest
10on the proposed loan as they become due.
SB565-SSA1-SA14,11,13
115. The levy imposed by
the a municipality shall be void if the board declines to
12make the loan; otherwise it shall remain valid and irrepealable until the loan and
13all interest on the loan are fully paid.
SB565-SSA1-SA14,11,2115
24.66
(5) (a) 4. Every application for a loan under this subsection by a federated
16public library system shall be accompanied by a copy of a recorded resolution adopted
17by the county board of supervisors of each county participating in the federated
18public library system, certified by the county clerk of each of those counties, levying
19upon all taxable property of the county a direct annual tax for the purpose of paying
20and sufficient to pay the county's share of the principal and interest on the proposed
21loan as they become due.
SB565-SSA1-SA14,12,324
24.67
(1) (intro.) If the board approves the application, it shall cause
25certificates of indebtedness to be prepared in proper form and transmitted to the
1municipality
or, cooperative educational service agency
, federated public library
2system, college or university submitting the application. The certificate of
3indebtedness shall be executed and signed:
SB565-SSA1-SA14,12,55
24.67
(1) (m) For a federated public library system, by its president.
SB565-SSA1-SA14,12,66
(n) For a private nonprofit college or university, by its chief officer.
SB565-SSA1-SA14,12,98
24.67
(2) (h) For a federated public library system, by the chairperson of the
9county board of each county participating in the federated public library system.
SB565-SSA1-SA14,12,1110
(i) For a private, nonprofit college or university, by the presiding officer of the
11governing body of the college or university.
SB565-SSA1-SA14,12,2514
24.67
(3) If a municipality has acted under subs. (1) and (2), it shall certify that
15fact to the department of administration. Upon receiving a certification from a
16municipality, or upon direction of the board if a loan is made to a cooperative
17educational service agency
, a federated public library system or a private, nonprofit
18college or university, the secretary of administration shall draw a warrant upon the
19state treasurer for the amount of the loan, payable to the treasurer of the
20municipality
or, cooperative educational service agency
, federated public library
21system making the loan or as the treasurer of the municipality
or, cooperative
22educational service agenc
y, federated public library system, college or university 23directs. The certificate of indebtedness shall then be conclusive evidence of the
24validity of the indebtedness and that all the requirements of law concerning the
25application for the making and acceptance of the loan have been complied with.
SB565-SSA1-SA14,13,203
24.70
(2) Certified statement. If a borrower other than a school district has
4a state trust fund loan, the board shall transmit to the clerk of the jurisdiction, or the
5person signing the application on behalf of the borrower in the case of a cooperative
6educational service agency
, federated public library system, college or university, a
7certified statement of the amount due on or before October 1 of each year until the
8loan is repaid. The board shall submit a copy of each certified statement to the state
9treasurer.
Effective on January 1 of the year following certification of withdrawal
10or expulsion of a county or municipality from a federated public library system under
11s. 43.18 (4), the board shall, in making its annual certifications of the amounts due
12on a loan obtained by that system, distribute annual charges for interest and
13principal on the loan in the proportion that the assessed valuation of the county or
14municipality so withdrawn or expelled bears to the assessed valuation of the
15federated public library system as constituted immediately before the withdrawal or
16expulsion. A cooperative educational service agency shall transmit a copy of the
17statement to the clerk of each school district on behalf of which the agency has
18obtained a loan.
A federated public library system shall transmit a copy of the
19statement to the clerk of each county participating in the federated public library
20system.
SB565-SSA1-SA14,14,1023
24.70
(3) Amount added to municipal levy. Upon receipt of a certified
24statement by a municipal clerk, the municipal clerk shall then cause the amount to
25be added to the municipal levy and collected in the same manner as the municipal
1tax except the amount for the state trust fund loan shall be separately designated.
2Upon receipt of a certified statement by a school district clerk from a cooperative
3educational service agency, the clerk shall cause the amount for which the district
4is responsible under s. 24.61 (7) to be added to the school district levy and collected
5in the same manner as the school district tax, except that the amount for the loan
6shall be separately stated.
Upon receipt of a certified statement by a county clerk
7from a federated public library system, the clerk shall cause the amount for which
8the county is liable under s. 24.61 (8) to be added to the county tax levy under s. 43.64
9(1) and collected in the same manner as the county tax, except that the amount for
10the loan shall be separately stated.
SB565-SSA1-SA14,14,2113
24.70
(4) Payment to state treasurer. The treasurer of each municipality shall
14transmit to the state treasurer on his or her order the full amount levied for state
15trust fund loans within 15 days after March 15. Each cooperative educational service
16agency
, each federated public library system and each college or university shall
17similarly transmit the annual amount owed on any state trust fund loan made to the
18agency
, library system, college or university by that date. The state treasurer shall
19notify the board when he or she receives payment. Any payment not made by March
2030 is delinquent and is subject to a penalty of one percent per month to be paid to the
21state treasurer with the delinquent payment.
SB565-SSA1-SA14,15,5
124.70
(6) (b) If any college or university fails to remit the amount due by the
2date specified in sub. (4), the board may take such action to liquidate any collateral
3provided by the college or university under s. 24.63 (5) in an amount sufficient to
4make the payment, together with accrued interest and any collection costs incurred
5by the board.".
SB565-SSA1-SA14,15,148
39.145
(1) (a) A school board,
the board of control of a cooperative educational
9service agency,
a technical college district board
or an, institution or center within
10the university of Wisconsin system
, federated public library system operating under
11s. 43.19, consolidated public library system operating under s. 43.21 or private,
12nonprofit college or university may individually or in any combination request the
13educational communications board to assist in funding the development of a distance
14education project using fiber optics or other appropriate technologies.
SB565-SSA1-SA14,15,1715
(b) The request shall describe how the services provided by the distance
16education project will be used in cooperation with other educational institutions
or
17library systems located within the coverage area of the
system's facilities project.
SB565-SSA1-SA14,15,2019
39.145
(2) (a) 1. Promote cooperation with other educational institutions
or
20library systems.
SB565-SSA1-SA14,15,2322
39.145
(3) (c) 3. There is a
local commitment
by the applicant to maintain the
23project beyond the funded period.".
SB565-SSA1-SA14,16,122
43.17
(9) (b) A public library system board of a multicounty library system may
3borrow money to accomplish any of its purposes, but the outstanding amount of such
4loans at any time may not exceed an amount equal to the system board's receipts for
5the prior fiscal year.
A federated public library system whose territory lies within
62 or more counties may obtain a state trust fund loan for a distance education or
7educational technology project, subject to the outstanding loan amount limits
8described in s. 24.63 (2r) (a) and (b). A federated public library system that obtains
9a state trust fund loan shall accept from each county participating in the federated
10public library system repayments of principal and payments of interest and
11promptly remit those repayments and payments to the board of commissioners of
12public lands.
SB565-SSA1-SA14,16,1914
43.18
(4) State trust fund loans. If a participating county or participating
15municipality withdraws from or is expelled from a federated public library system
16that has a state trust fund loan outstanding under subch. II of ch. 24, the clerk of that
17county or municipality shall certify to the board of commissioners of public lands the
18effective date of that withdrawal or expulsion and the assessed valuation of that
19county or municipality.".