AB150,1750,9 9196.857 (title) Assessment for stray Stray voltage program.
AB150, s. 5248 10Section 5248. 196.857 (1) (intro.), (a) and (b) of the statutes are renumbered
11196.857 (1m) (intro.), (a) and (b), and 196.857 (1m) (intro.) and (a), as renumbered,
12are amended to read:
AB150,1750,2213 196.857 (1m) (title) Assessments. (intro.) The commission shall establish and
14administer a program to provide to farmers on-site technical assistance related to
15stray voltage. In cooperation with the department of agriculture, trade and
16consumer protection, the commission shall investigate the causes of stray voltage on
17individual farms, recommend to farmers solutions to stray voltage problems and
18evaluate the effectiveness of on-site technical assistance.
The commission shall
19assess annually all of the following amounts to public utilities which produce
20electricity and which have annual gross operating revenues related to electricity in
21excess of $100,000,000 in proportion to their respective electric gross operating
22revenues during the last calendar year, derived from intrastate operations:
AB150,1751,223 (a) The amount appropriated under s. 20.155 (1) (L), less any amount received
24under s. 20.155 (1) (Lb) and less any fees received under sub. (2k) and credited to the

1appropriation under s. 20.155 (1) (L)
. The amounts received under this paragraph
2shall be credited to the appropriation made in s. 20.155 (1) (L).
****Note: This is reconciled s. 196.857 (1). This Section has been affected by drafts with the
following LRB numbers: 0685/2 and 1979/3. If LRB-0685 is deleted, this action phrase needs to be
revised.
AB150, s. 5249 3Section 5249. 196.857 (1) (c) of the statutes is repealed.
AB150, s. 5250 4Section 5250. 196.857 (1g) of the statutes is created to read:
AB150,1751,75 196.857 (1g) Program elements. (a) The commission shall establish and
6administer a stray voltage program. The program shall focus on regulation,
7education, inspection and investigation relating to stray voltage.
AB150,1751,108 (b) The commission shall identify standardized test procedures check lists and
9equipment to be used by public utilities to investigate stray voltage. The commission
10may audit the results of investigations.
AB150,1751,1211 (c) The commission shall conduct classroom and on-farm stray voltage training
12sessions for public utilities, cooperatives, electricians or other interested parties.
AB150,1751,1713 (d) The commission shall conduct unannounced spot checks of on-farm stray
14voltage testing done by public utilities if the farmer gives permission for the check
15at the time the farm is visited. The commission may inspect the operation of public
16utility stray voltage programs to ensure that proper equipment and procedures are
17being used and to ensure that investigators are properly trained.
AB150,1751,2118 (e) In cooperation with the department of agriculture, trade and consumer
19protection, the commission shall investigate the causes of stray voltage on individual
20farms, recommend to farmers solutions to stray voltage problems and evaluate the
21effectiveness of on-site technical assistance.
AB150, s. 5251 22Section 5251. 196.857 (2) of the statutes is amended to read:
AB150,1752,4
1196.857 (2) (title) Due date. A public utility shall pay the total amount that
2it is assessed under sub. (1) (1m) within 30 days after it receives a bill for that amount
3from the commission. The bill constitutes notice of the assessment and demand of
4payment.
AB150, s. 5252 5Section 5252. 196.857 (2g) of the statutes is amended to read:
AB150,1752,96 196.857 (2g) (title) Farm services fees. The commission shall assess fees not
7to exceed $100
may charge a reasonable fee per farm for the services provided to
8farmers under this section. The fees collected under this subsection shall be credited
9to the appropriation under s. 20.115 (8) (j) in each fiscal year.
AB150, s. 5253 10Section 5253. 196.857 (2k) of the statutes is created to read:
AB150,1752,1411 196.857 (2k) Other services fees. The commission may charge a reasonable
12fee for services, other than on-farm site-related services, provided under this
13section. The fees collected under this subsection shall be credited to the
14appropriation under s. 20.155 (1) (L) in each fiscal year.
AB150, s. 5254 15Section 5254. 196.857 (2m) of the statutes is amended to read:
AB150,1752,2316 196.857 (2m) (title) Additional investigations. If the commission, at the
17request of an electric cooperative organized under ch. 185 or any public utility which
18is not assessed under sub. (1) (1m), conducts an investigation of the causes of stray
19voltage on any farm receiving electrical service from that electric cooperative or
20public utility, that electric cooperative or public utility shall pay a reasonable fee, not
21exceeding $500 per investigation,
which the commission shall establish separately
22for each request. The amounts received under this subsection shall be credited to the
23appropriation made in s. 20.155 (1) (L).
AB150, s. 5255 24Section 5255. 196.857 (3) of the statutes is repealed.
AB150, s. 5256 25Section 5256. 197.10 (4) of the statutes is amended to read:
AB150,1753,19
1197.10 (4) Insofar as the use, operation, service, management, control, sale,
2lease, purchase, extension, improvement, rates, value or earnings of the properties
3of the public utility or provisions looking toward the ultimate acquisition of the same
4are made subject to the terms of any contract provided for in sub. (1), and so long as
5said contract remains in force, the following sections of the statutes shall be
6inapplicable to the same: ss. 195.05, 195.10, 196.02 (1) and (2), 196.05, 196.09,
7196.10, 196.11, 196.15, 196.16, 196.19 (6), 196.20, 196.21, 196.22, 196.26, 196.28,
8196.30, 196.37, 196.39, 196.40, 196.58, 196.70, 197.01 (2) to (4), 197.02, 197.03,
9197.04, 197.05, 197.06, 197.08 and 197.09; provided that nothing in any contract
10made hereunder shall operate to prevent an appeal to the public service commission
11by any person, other than a party to said contract, upon any complaint alleging that
12any rate, fare, charge or classification, or any joint rate, or any regulation, act or
13practice relating to the production, transmission, delivery or furnishing of gas, heat,
14light or power, or any service in connection therewith, is unjustly discriminatory, or
15that any such service is inadequate or cannot be obtained. Upon said appeal the
16commission shall, as provided by law, determine and by order fix a rate, fare, charge,
17classification, joint rate or regulation, act or practice or service to be imposed,
18observed or followed in the future in lieu of that found to be unjustly discriminatory
19or inadequate.
AB150, s. 5257 20Section 5257. 214.01 (1) (f) of the statutes is amended to read:
AB150,1753,2221 214.01 (1) (f) "Commissioner" "Department" means the commissioner of
22savings and loan
department of financial institutions.
AB150, s. 5258 23Section 5258. 214.01 (1) (pm) of the statutes is amended to read:
AB150,1754,224 214.01 (1) (pm) "Investment" includes consumer, residential, agricultural and
25commercial loans, purchases of corporate debentures, securities, bonds and joint

1venture shares, and purchases of mutual fund shares subject to the rules of the
2commissioner department.
AB150, s. 5259 3Section 5259. 214.01 (1) (r) of the statutes is amended to read:
AB150,1754,84 214.01 (1) (r) "Net profit" means the remainder of all earnings from current
5operations plus actual recoveries on loans, investments and other assets after
6deducting all current expenses, including interest on deposit accounts, additions to
7reserves that are required by the commissioner department, actual losses, accrued
8dividends on preferred stock and all state and federal taxes.
AB150, s. 5260 9Section 5260. 214.015 of the statutes is amended to read:
AB150,1754,11 10214.015 Administration. This chapter shall be administered by the
11commissioner department.
AB150, s. 5261 12Section 5261. 214.025 of the statutes is amended to read:
AB150,1754,17 13214.025 Insurance of accounts. A savings bank shall secure insurance of
14its deposit accounts by a deposit insurance corporation before commencing business
15and may, subject to rules of the commissioner department, obtain insurance of
16deposits in excess of the amount eligible for insurance by a deposit insurance
17corporation.
AB150, s. 5262 18Section 5262. 214.03 (1) of the statutes is amended to read:
AB150,1754,2419 214.03 (1) Subject to the regulation of the commissioner department and in
20addition to the powers granted by this chapter, a savings bank may, directly or
21through a subsidiary, undertake any activity, exercise any power or offer any
22financially related product or service in this state that any other provider of financial
23products or services may undertake, exercise or provide or that the commissioner
24department finds to be financially related.
AB150, s. 5263 25Section 5263. 214.03 (2) of the statutes is amended to read:
AB150,1755,8
1214.03 (2) The activities, powers, products and services that may be
2undertaken, exercised or offered by a savings bank under sub. (1) are limited to those
3specified by rule of the commissioner department. The commissioner department
4may direct a savings bank to cease any activity, the exercise of any power or the
5offering of any product or service authorized by rule under this subsection. Among
6the factors that the commissioner department may consider in so directing a savings
7bank are the savings bank's net worth, assets, management rating, liquidity ratio
8and ratio of net worth to assets.
AB150, s. 5264 9Section 5264. 214.035 (1) of the statutes is amended to read:
AB150,1755,1310 214.035 (1) An institution organized under this chapter shall be known as a
11state savings bank and shall adopt a name that identifies it as such and that includes
12the term "savings". The commissioner department shall approve the name of a
13savings bank.
AB150, s. 5265 14Section 5265. 214.035 (2) of the statutes is amended to read:
AB150,1755,2015 214.035 (2) Notwithstanding sub. (1), an association, as defined in s. 215.01 (1),
16that converts to a savings bank may use a name that does not include the term
17"savings" in its name if that name was approved for use by the association by the
18commissioner department under ch. 215 before February 12, 1992, and that name
19is approved by the commissioner department under this subsection as appropriate
20to identify the converted association as a savings bank.
AB150, s. 5266 21Section 5266. 214.035 (3) of the statutes is created to read:
AB150,1756,222 214.035 (3) Notwithstanding sub. (1), a federally chartered financial
23institution that converts to a savings bank may use a name that does not include the
24term "savings" in its name if the financial institution did not use the term "savings"

1in its name on May 7, 1992, and its name is approved by the commissioner as
2appropriate to identify the converted institution as a savings bank.
AB150, s. 5267 3Section 5267. 214.035 (3) of the statutes, as created by 1995 Wisconsin Act ....
4(this act), is amended to read:
AB150,1756,95 214.035 (3) Notwithstanding sub. (1), a federally chartered financial
6institution that converts to a savings bank may use a name that does not include the
7term "savings" in its name if the financial institution did not use the term "savings"
8in its name on May 7, 1992, and its name is approved by the commissioner
9department as appropriate to identify the converted institution as a savings bank.
AB150, s. 5268 10Section 5268. 214.04 (4) of the statutes is amended to read:
AB150,1756,1511 214.04 (4) With the approval of the commissioner department, to become a
12member of, purchase stock or securities in, deposit money with, or comply with any
13other conditions of membership or credit for any corporation or agency of the United
14States or of this state, to the extent that such agency assists in furthering or
15facilitating the purposes or powers of the savings bank.
AB150, s. 5269 16Section 5269. 214.04 (8) of the statutes is amended to read:
AB150,1756,1917 214.04 (8) To purchase stock in service corporations and to invest in any form
18of indebtedness of any service corporation, subject to rules of the commissioner
19department.
AB150, s. 5270 20Section 5270. 214.04 (9) of the statutes is amended to read:
AB150,1756,2321 214.04 (9) With the approval of the commissioner department, to purchase
22stock of a corporation whose principal purpose is to operate a safe deposit or escrow
23service business, if the purchase is necessary to utilize the services of that business.
AB150, s. 5271 24Section 5271. 214.04 (12) (intro.) of the statutes is amended to read:
AB150,1757,3
1214.04 (12) (intro.)  Subject to rules of the commissioner department, to make
2contracts, incur obligations, make investments, pledge assets or take other action
3necessary to do any of the following:
AB150, s. 5272 4Section 5272. 214.04 (14) of the statutes is amended to read:
AB150,1757,75 214.04 (14) Subject to rules of the commissioner department, to own and lease
6personal property acquired by the savings bank at the request of a prospective lessee
7and, upon the agreement of that person, to lease the personal property.
AB150, s. 5273 8Section 5273. 214.04 (17) of the statutes is amended to read:
AB150,1757,119 214.04 (17) With prior written approval of the commissioner department, to
10acquire all or any part of the assets of a financial institution or to sell all or any part
11of its assets to another financial institution.
AB150, s. 5274 12Section 5274. 214.04 (18) of the statutes is amended to read:
AB150,1757,1913 214.04 (18) To borrow money and issue its obligations for the borrowed money,
14including but not limited to obligations, bonds, notes or other debt securities. Except
15as otherwise provided by this chapter or by rules of the commissioner department,
16the aggregate amount borrowed may not exceed 50% of the savings bank's total
17assets, except with the prior written approval of the commissioner department. An
18obligation, bond, note or other debt security may include a written provision
19subordinating the debt to claims of other creditors or of depositors.
AB150, s. 5275 20Section 5275. 214.04 (20) of the statutes is amended to read:
AB150,1758,621 214.04 (20) Upon receiving approval from the commissioner department, to act
22as an authorized agent for its customers in the business and functions under ch. 217.
23A savings bank that applies to function as a seller of checks shall meet the application
24requirements under ch. 217. The commissioner department may not charge a license
25or investigation fee for an application under this subsection. The seller of checks

1function of a savings bank shall be under the jurisdiction and supervision of the
2commissioner department. The commissioner department shall enforce ch. 217 as
3it applies to savings banks. The commissioner department shall determine what
4records shall be maintained and shall require the segregation of funds that are
5necessary for a savings bank to operate as a seller of checks under this subsection
6and ch. 217.
AB150, s. 5276 7Section 5276. 214.04 (21) (a) of the statutes is amended to read:
AB150,1758,118 214.04 (21) (a) Directly or indirectly, to acquire, place and operate, or
9participate in the acquisition, placement and operation of, at locations other than its
10home office and branch offices, remote service units, in accordance with rules
11established by the commissioner department.
AB150, s. 5277 12Section 5277. 214.04 (21) (b) of the statutes is amended to read:
AB150,1759,713 214.04 (21) (b) The rules of the commissioner department shall provide that
14any remote service unit shall be available for use, on a nondiscriminatory basis, by
15any state or federal savings bank which has its principal place of business in this
16state, by any other state or federal savings bank obtaining the consent of a state or
17federal savings bank that has its principal place of business in this state and is using
18the terminal and by all customers designated by a savings bank using the unit. This
19paragraph does not authorize a savings bank which has its principal place of
20business outside this state to conduct business as a savings bank in this state. A
21remote service unit shall be available for use, on a nondiscriminatory basis, by any
22credit union, state or national bank or state or federal savings and loan association,
23whose home office is located in this state, if the credit union, bank or savings and loan
24association requests to share its use, subject to joint rules established by the
25commissioner of banking, the commissioner office of credit unions and the

1commissioner department. The rules of the commissioner department and the joint
2rules shall each prohibit any advertising with regard to a shared remote service unit
3which suggests or implies exclusive ownership or control of the shared unit by any
4savings bank or group of savings banks operating or participating in the operation
5of the unit. The commissioner department by order may authorize the installation
6and operation of a remote service unit in a mobile facility, after notice and hearing
7upon the proposed service stops of the mobile facility.
AB150, s. 5278 8Section 5278. 214.04 (21) (c) of the statutes is amended to read:
AB150,1759,159 214.04 (21) (c) If any person primarily engaged in the retail sale of goods or
10services owns or operates a remote service unit on such person's premises and allows
11access to the unit by any financial institution, group of financial institutions or their
12customers, nothing in this paragraph or in rules established by the commissioner
13department shall require such person to accept any connection to or use of the unit
14on its premises for any other purpose or function or to accept any connection to the
15unit on its premises by any other financial institution.
AB150, s. 5279 16Section 5279. 214.04 (21) (d) of the statutes is amended to read:
AB150,1759,2317 214.04 (21) (d) If a person primarily engaged in the retail sale of goods or
18services owns or operates a remote service unit on such person's premises and allows
19access to the unit by any financial institution, group of financial institutions or their
20customers for any purpose or function, laws governing such institutions or rules
21established by the commissioner department shall not apply to such person other
22than those laws or rules directly related to the particular function performed by the
23unit on such person's premises for a financial institution.
AB150, s. 5280 24Section 5280. 214.04 (25) of the statutes is amended to read:
AB150,1760,3
1214.04 (25) Subject to rules of the commissioner department, to issue credit
2cards, extend open-end credit and otherwise engage in or participate in credit card
3operations.
AB150, s. 5281 4Section 5281. 214.04 (26) of the statutes is amended to read:
AB150,1760,65 214.04 (26) With the prior approval of the commissioner department, establish
6a limited office.
AB150, s. 5282 7Section 5282. 214.04 (27) of the statutes is amended to read:
AB150,1760,98 214.04 (27) After giving notice to the commissioner department, establish an
9extended office.
AB150, s. 5283 10Section 5283. 214.045 of the statutes is amended to read:
AB150,1760,15 11214.045 Status as internal revenue service qualified thrift lender. A
12savings bank shall qualify for and maintain either the 60% asset test of section 7701
13(a) (19) of the internal revenue code, or an asset test prescribed by rule of the
14commissioner department that is not less than the percentage prescribed by section
157701 (a) (19) of the internal revenue code.
AB150, s. 5284 16Section 5284. 214.06 (1) (intro.) of the statutes is amended to read:
AB150,1760,1917 214.06 (1) (intro.) With the prior written approval of the commissioner
18department, a savings bank may establish one or more branch offices. A branch
19office may be located in any of the following:
AB150, s. 5285 20Section 5285. 214.07 of the statutes is amended to read:
AB150,1760,22 21214.07 Authorized activities. A savings bank holding company may engage
22in activities that are authorized by the commissioner department.
AB150, s. 5286 23Section 5286. 214.08 of the statutes is amended to read:
AB150,1761,7 24214.08 Registration. A savings bank holding company and each subsidiary
25of a savings bank holding company shall register with the commissioner department

1within 180 days after May 7, 1992, or within 90 days after becoming a savings bank
2holding company or subsidiary, whichever is later. A savings bank holding company
3and each subsidiary of a savings bank holding company shall register on forms
4prescribed by the commissioner department. A registration form shall include
5information with respect to the financial condition, ownership, management, and
6intercompany relations of the holding company and its subsidiaries and such related
7matters as the commissioner department considers necessary.
AB150, s. 5287 8Section 5287. 214.085 (1) (a) of the statutes is amended to read:
AB150,1761,139 214.085 (1) (a) File with the commissioner department reports as required by
10the commissioner department. A report shall be on a form prescribed by the
11commissioner department and may require whatever information the commissioner
12department considers to be necessary concerning the operations of each savings
13bank holding company and subsidiary.
AB150, s. 5288 14Section 5288. 214.085 (1) (b) of the statutes is amended to read:
AB150,1761,1615 214.085 (1) (b) Maintain such books and records as may be prescribed by the
16commissioner department.
AB150, s. 5289 17Section 5289. 214.085 (1) (c) of the statutes is amended to read:
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