Amendment SA14-SSA1-SB565

SB565-SSA1-SA14,11,10 3. Every application for a loan under this subsection by a cooperative educational service agency shall be accompanied by a copy of a recorded resolution adopted by the school board of each school district for which the loan is sought, certified by the school district clerk of that school district, levying upon all taxable property of the school district a direct annual tax for the purpose of paying and sufficient to pay the school district's share of the principal and interest on the proposed loan as they become due. Every application for a loan under this subsection by a cooperative educational service agency shall be accompanied by a copy of a recorded resolution adopted by the school board of each school district for which the loan is sought, certified by the school district clerk of that school district, levying upon all taxable property of the school district a direct annual tax for the purpose of paying and sufficient to pay the school district's share of the principal and interest on the proposed loan as they become due.

SB565-SSA1-SA14,11,13 5. The levy imposed by the a municipality shall be void if the board declines to make the loan; otherwise it shall remain valid and irrepealable until the loan and all interest on the loan are fully paid.

SB565-SSA1-SA14, s. 37bs Section 37bs. 24.66 (5) (a) 4. of the statutes is created to read:

SB565-SSA1-SA14,11,21 24.66 (5) (a) 4. Every application for a loan under this subsection by a federated public library system shall be accompanied by a copy of a recorded resolution adopted by the county board of supervisors of each county participating in the federated public library system, certified by the county clerk of each of those counties, levying upon all taxable property of the county a direct annual tax for the purpose of paying and sufficient to pay the county's share of the principal and interest on the proposed loan as they become due.

SB565-SSA1-SA14, s. 37bt Section 37bt. 24.67 (1) (intro.) of the statutes, as affected by 1995 Wisconsin Act 27, is amended to read:

SB565-SSA1-SA14,12,3 24.67 (1) (intro.) If the board approves the application, it shall cause certificates of indebtedness to be prepared in proper form and transmitted to the municipality or, cooperative educational service agency, federated public library system, college or university submitting the application. The certificate of indebtedness shall be executed and signed:

SB565-SSA1-SA14, s. 37bu Section 37bu. 24.67 (1) (m) and (n) of the statutes are created to read:

SB565-SSA1-SA14,12,5 24.67 (1) (m) For a federated public library system, by its president.

SB565-SSA1-SA14,12,6 (n) For a private nonprofit college or university, by its chief officer.

SB565-SSA1-SA14, s. 37bv Section 37bv. 24.67 (2) (h) and (i) of the statutes are created to read:

SB565-SSA1-SA14,12,9 24.67 (2) (h) For a federated public library system, by the chairperson of the county board of each county participating in the federated public library system.

SB565-SSA1-SA14,12,11 (i) For a private, nonprofit college or university, by the presiding officer of the governing body of the college or university.

SB565-SSA1-SA14, s. 37bw Section 37bw. 24.67 (3) of the statutes, as affected by 1995 Wisconsin Act 27, is amended to read:

SB565-SSA1-SA14,12,25 24.67 (3) If a municipality has acted under subs. (1) and (2), it shall certify that fact to the department of administration. Upon receiving a certification from a municipality, or upon direction of the board if a loan is made to a cooperative educational service agency, a federated public library system or a private, nonprofit college or university, the secretary of administration shall draw a warrant upon the state treasurer for the amount of the loan, payable to the treasurer of the municipality or, cooperative educational service agency, federated public library system making the loan or as the treasurer of the municipality or, cooperative educational service agency, federated public library system, college or university directs. The certificate of indebtedness shall then be conclusive evidence of the validity of the indebtedness and that all the requirements of law concerning the application for the making and acceptance of the loan have been complied with.

SB565-SSA1-SA14, s. 37bx Section 37bx. 24.70 (2) of the statutes, as affected by 1995 Wisconsin Act 27, is amended to read:

SB565-SSA1-SA14,13,20 24.70 (2) Certified statement. If a borrower other than a school district has a state trust fund loan, the board shall transmit to the clerk of the jurisdiction, or the person signing the application on behalf of the borrower in the case of a cooperative educational service agency, federated public library system, college or university, a certified statement of the amount due on or before October 1 of each year until the loan is repaid. The board shall submit a copy of each certified statement to the state treasurer. Effective on January 1 of the year following certification of withdrawal or expulsion of a county or municipality from a federated public library system under s. 43.18 (4), the board shall, in making its annual certifications of the amounts due on a loan obtained by that system, distribute annual charges for interest and principal on the loan in the proportion that the assessed valuation of the county or municipality so withdrawn or expelled bears to the assessed valuation of the federated public library system as constituted immediately before the withdrawal or expulsion. A cooperative educational service agency shall transmit a copy of the statement to the clerk of each school district on behalf of which the agency has obtained a loan. A federated public library system shall transmit a copy of the statement to the clerk of each county participating in the federated public library system.

SB565-SSA1-SA14, s. 37by Section 37by. 24.70 (3) of the statutes, as affected by 1995 Wisconsin Act 27, is amended to read:

SB565-SSA1-SA14,14,10 24.70 (3) Amount added to municipal levy. Upon receipt of a certified statement by a municipal clerk, the municipal clerk shall then cause the amount to be added to the municipal levy and collected in the same manner as the municipal tax except the amount for the state trust fund loan shall be separately designated. Upon receipt of a certified statement by a school district clerk from a cooperative educational service agency, the clerk shall cause the amount for which the district is responsible under s. 24.61 (7) to be added to the school district levy and collected in the same manner as the school district tax, except that the amount for the loan shall be separately stated. Upon receipt of a certified statement by a county clerk from a federated public library system, the clerk shall cause the amount for which the county is liable under s. 24.61 (8) to be added to the county tax levy under s. 43.64 (1) and collected in the same manner as the county tax, except that the amount for the loan shall be separately stated.

SB565-SSA1-SA14, s. 37bz Section 37bz. 24.70 (4) of the statutes, as affected by 1995 Wisconsin Act 27, is amended to read:

SB565-SSA1-SA14,14,21 24.70 (4) Payment to state treasurer. The treasurer of each municipality shall transmit to the state treasurer on his or her order the full amount levied for state trust fund loans within 15 days after March 15. Each cooperative educational service agency, each federated public library system and each college or university shall similarly transmit the annual amount owed on any state trust fund loan made to the agency, library system, college or university by that date. The state treasurer shall notify the board when he or she receives payment. Any payment not made by March 30 is delinquent and is subject to a penalty of one percent per month to be paid to the state treasurer with the delinquent payment.

SB565-SSA1-SA14, s. 37c Section 37c. 24.70 (6) of the statutes, as affected by 1995 Wisconsin Act 27, is renumbered 24.70 (6) (a).

SB565-SSA1-SA14, s. 37cb Section 37cb. 24.70 (6) (b) of the statutes is created to read:

SB565-SSA1-SA14,15,5 24.70 (6) (b) If any college or university fails to remit the amount due by the date specified in sub. (4), the board may take such action to liquidate any collateral provided by the college or university under s. 24.63 (5) in an amount sufficient to make the payment, together with accrued interest and any collection costs incurred by the board.".

SB565-SSA1-SA14,15,6 4. Page 21, line 22: after that line insert:

SB565-SSA1-SA14,15,7 " Section 39i. 39.145 (1) of the statutes is amended to read:

SB565-SSA1-SA14,15,14 39.145 (1) (a) A school board, the board of control of a cooperative educational service agency, a technical college district board or an, institution or center within the university of Wisconsin system, federated public library system operating under s. 43.19, consolidated public library system operating under s. 43.21 or private, nonprofit college or university may individually or in any combination request the educational communications board to assist in funding the development of a distance education project using fiber optics or other appropriate technologies.

SB565-SSA1-SA14,15,17 (b) The request shall describe how the services provided by the distance education project will be used in cooperation with other educational institutions or library systems located within the coverage area of the system's facilities project.

SB565-SSA1-SA14, s. 39ib Section 39ib. 39.145 (2) (a) 1. of the statutes is amended to read:

SB565-SSA1-SA14,15,20 39.145 (2) (a) 1. Promote cooperation with other educational institutions or library systems.

SB565-SSA1-SA14, s. 39ic Section 39ic. 39.145 (3) (c) 3. of the statutes is amended to read:

SB565-SSA1-SA14,15,23 39.145 (3) (c) 3. There is a local commitment by the applicant to maintain the project beyond the funded period.".

SB565-SSA1-SA14,15,24 5. Page 23, line 22: after that line insert:

SB565-SSA1-SA14,16,1 " Section 40c. 43.17 (9) (b) of the statutes is amended to read:

SB565-SSA1-SA14,16,12 43.17 (9) (b) A public library system board of a multicounty library system may borrow money to accomplish any of its purposes, but the outstanding amount of such loans at any time may not exceed an amount equal to the system board's receipts for the prior fiscal year. A federated public library system whose territory lies within 2 or more counties may obtain a state trust fund loan for a distance education or educational technology project, subject to the outstanding loan amount limits described in s. 24.63 (2r) (a) and (b). A federated public library system that obtains a state trust fund loan shall accept from each county participating in the federated public library system repayments of principal and payments of interest and promptly remit those repayments and payments to the board of commissioners of public lands.

SB565-SSA1-SA14, s. 40cb Section 40cb. 43.18 (4) of the statutes is created to read:

SB565-SSA1-SA14,16,19 43.18 (4) State trust fund loans. If a participating county or participating municipality withdraws from or is expelled from a federated public library system that has a state trust fund loan outstanding under subch. II of ch. 24, the clerk of that county or municipality shall certify to the board of commissioners of public lands the effective date of that withdrawal or expulsion and the assessed valuation of that county or municipality.".

SB565-SSA1-SA14,16,20 (End)