27,3525
Section 3525
. 281.58 (12) (c) (intro.), 1. and 2. of the statutes are repealed.
27,3526
Section 3526
. 281.58 (12) (c) 3. of the statutes is renumbered 281.58 (12) (c) and amended to read:
281.58 (12) (c) The department, in establishing percentage of market interest rates, and the department of administration shall attempt to ensure that those rates do not result in any all of the following:
1. Beginning in fiscal year 1991, That increases in all state water pollution abatement general obligation debt service costs greater than do not exceed 4% annually in the fiscal year in which the rates are established and in the following fiscal year.
2. State That state water pollution abatement general obligation debt service costs are not greater than 50% of all general obligation debt service costs in the
any fiscal year in which the rates are established and in any of the following 3 fiscal years.
27,3527
Section 3527
. 281.58 (12) (f) of the statutes is amended to read:
281.58 (12) (f) The department and the department of administration jointly may request the joint committee on finance to take action under s. 13.101 (11) to modify the percentage of market interest rates established by rule for tier 1 and tier 2 projects in par. (a) 1. to 3.
27,3528
Section 3528
. 281.58 (13) (b) (intro.) of the statutes is amended to read:
281.58 (13) (b) (intro.) A municipality with an application that is approved under sub. (9m) is eligible for financial hardship assistance for the project costs that are eligible under this section and s. 281.59 the clean water fund program, except for costs to which sub. (8) (b), (c), (f) or (h) applies, if the municipality meets all of the following criteria:
27,3528m
Section 3528m. 281.58 (13) (g) of the statutes is created to read:
281.58 (13) (g) 1. Except as provided in subd. 2., the department shall determine median household income by adjusting median household income as determined by the U.S. bureau of the census to reflect changes in household income since the most recent federal census.
2. If a town sanitary district that has a population, as indicated on the application for assistance under this section, of 2,500 or less and that has boundaries that are not contiguous with a town submits data concerning household income obtained from a 3rd party, the department may not use information from the federal census to determine median household income. For such a town sanitary district, the department shall determine median household income based on the data obtained from the 3rd party.
27,3529
Section 3529
. 281.58 (13m) of the statutes is amended to read:
281.58 (13m) Minority business development and training program. (a) The department shall make grants to projects that are eligible for financial assistance under this section and s. 281.59 the clean water fund program and that are identified as being part of the minority business development and training program under s. 66.905 (2) (b).
(b) Grants provided under this subsection are not included for the purposes of determining under sub. (8) (i) the amount that a municipality may receive for projects under this section and s. 281.59 the clean water fund program. Grants awarded under this subsection are not considered for the purposes of sub. (9m) (e) or s. 281.59 (3) (d) (3e) (b).
27,3530
Section 3530
. 281.58 (14) (b) (intro.) of the statutes is amended to read:
281.58 (14) (b) (intro.) As a condition of receiving financial assistance under this section and s. 281.59 the clean water fund program, a municipality shall do all of the following:
27,3531
Section 3531
. 281.59 (title) of the statutes is amended to read:
281.59 (title) Clean water Environmental improvement fund program; financial management.
27,3532
Section 3532
. 281.59 (1) (a) of the statutes is renumbered 281.59 (1) (am).
27,3533
Section 3533
. 281.59 (1) (ag) of the statutes is created to read:
281.59 (1) (ag) “Clean water fund program" means the program administered under s. 281.58, with financial management provided under this section.
27,3534
Section 3534
. 281.59 (1) (as) of the statutes is created to read:
281.59 (1) (as) “Land recycling loan program" means the program administered under s. 281.60, with financial management provided under this section.
27,3535
Section 3535
. 281.59 (1) (b) of the statutes is amended to read:
281.59 (1) (b) “Market interest rate" means the interest at the effective rate of a revenue obligation issued by the state to fund a project loan or a portion of a project loan under this section and s. 281.58 for a project under the clean water fund program.
27,3536
Section 3536
. 281.59 (1) (cm) of the statutes is created to read:
281.59 (1) (cm) “Safe drinking water loan program" means the program administered under s. 281.61, with financial management provided under this section.
27,3537
Section 3537
. 281.59 (1) (d) of the statutes is amended to read:
281.59 (1) (d) “Subsidy" means the amounts provided by the clean water from the environmental improvement fund to clean water fund program, safe drinking water loan program and land recycling loan program projects receiving financial assistance under this section and s. 281.58 for the following purposes:
1. To reduce the interest rate of clean water fund program, safe drinking water loan program and land recycling loan program loans from market rate to a subsidized rate.
2. To For the clean water fund program only, to provide for financial hardship assistance, including grants.
27,3537e
Section 3537e. 281.59 (1) (d) 3. of the statutes is created to read:
281.59 (1) (d) 3. For the safe drinking water loan program only, to provide grants under s. 281.61 (8e).
27,3538
Section 3538
. 281.59 (1m) of the statutes is created to read:
281.59 (1m) Establishment of programs. (a) There is established a clean water fund program, administered under s. 281.58, with financial management provided under this section.
(b) There is established a safe drinking water loan program, administered under s. 281.61, with financial management provided under this section.
27,3539
Section 3539
. 281.59 (2) (a) of the statutes is amended to read:
281.59 (2) (a) Administer its responsibilities under this section and s. ss. 281.58
, 281.60 and 281.61.
27,3540
Section 3540
. 281.59 (2) (b) of the statutes is amended to read:
281.59 (2) (b) Cooperate with the department in administering the clean water fund program, the safe drinking water loan program and the land recycling loan program.
27,3541
Section 3541
. 281.59 (2) (c) of the statutes is amended to read:
281.59 (2) (c) Accept and hold any letter of credit from the federal government through which the state receives federal capitalization grant payments and disbursements to the clean water environmental improvement fund.
27,3542
Section 3542
. 281.59 (2m) (title) of the statutes is amended to read:
281.59 (2m) (title) Investment management; clean water environmental improvement fund.
27,3543
Section 3543
. 281.59 (2m) (a) 1. of the statutes is amended to read:
281.59 (2m) (a) 1. Subject to par. (b), direct the investment board under s. 25.17 (2) (d) to make any investment of the clean water environmental improvement fund, or in the collection of the principal and interest of all moneys loaned or invested from such that fund.
27,3544
Section 3544
. 281.59 (2m) (b) 1. of the statutes is amended to read:
281.59 (2m) (b) 1. The action provides a financial benefit to the clean water environmental improvement fund.
27,3545
Section 3545
. 281.59 (2m) (b) 2. of the statutes is amended to read:
281.59 (2m) (b) 2. The action does not contradict or weaken the purposes of the clean water environmental improvement fund.
27,3546
Section 3546
. 281.59 (3) (a) 1. of the statutes is amended to read:
281.59 (3) (a) 1. An estimate of the wastewater treatment, safe drinking water and land recycling project needs of the state for the 4 fiscal years of the next 2 biennia.
27,3547
Section 3547
. 281.59 (3) (a) 2. of the statutes is amended to read:
281.59 (3) (a) 2. The total amount of financial assistance planned to be provided or committed to municipalities for projects under subd. 1. during the 4 fiscal years of the next 2 biennia biennium.
27,3548b
Section 3548b. 281.59 (3) (a) 4. of the statutes is amended to read:
281.59 (3) (a) 4. The extent to which the funding for the clean water fund program and the safe drinking water loan program, in the environmental improvement fund, will be maintained in perpetuity.
27,3548e
Section 3548e. 281.59 (3) (a) 4m. of the statutes is created to read:
281.59 (3) (a) 4m. A chart showing detailed projected sources and uses of funds for projects under subd. 1. during the next biennium.
27,3549b
Section 3549b. 281.59 (3) (a) 5. of the statutes is amended to read:
281.59 (3) (a) 5. Audited
The most recent available audited financial statements of the past operations and activities of the program under this section and s. 281.58 clean water fund program, the safe drinking water loan program and the land recycling loan program, the estimated environmental improvement fund capital available in each of the next 4 fiscal years for the clean water fund program and the safe drinking water loan program, and the projected clean water environmental improvement fund balance for the clean water fund program and the safe drinking water loan program for each of the next 20 years given existing obligations and financial conditions.
27,3550
Section 3550
. 281.59 (3) (a) 5m. of the statutes is amended to read:
281.59 (3) (a) 5m. The estimated spending level and percentage of market interest rate for the types of projects specified under s. 281.58 (7) (b) 1. to 3. under subd. 1.
27,3551
Section 3551
. 281.59 (3) (a) 6. of the statutes is amended to read:
281.59 (3) (a) 6. An amount equal to the estimated present value of subsidies for all clean water fund program loans and grants expected to be made for the wastewater treatment projects listed in the biennial needs list under s. 281.58 (3m), discounted at a rate of 7% per year to the first day of the biennium for which the biennial finance plan is prepared.
27,3552
Section 3552
. 281.59 (3) (a) 6e. of the statutes is created to read:
281.59 (3) (a) 6e. An amount equal to the estimated present value of subsidies for all loans under the land recycling loan program to be made during the biennium for which the biennial finance plan is prepared, discounted at a rate of 7% per year to the first day of that biennium.
27,3553
Section 3553
. 281.59 (3) (a) 6m. of the statutes is created to read:
281.59 (3) (a) 6m. An amount equal to the estimated present value of subsidies for all loans
and grants under the safe drinking water loan program to be made during the biennium for which the biennial finance plan is prepared, discounted at a rate of 7% per year to the first day of that biennium.
27,3554
Section 3554
. 281.59 (3) (a) 7. of the statutes is amended to read:
281.59 (3) (a) 7. A discussion of the assumptions made in calculating the amount amounts under subd. subds. 6., 6e. and 6m.
27,3555
Section 3555
. 281.59 (3) (a) 8. of the statutes is amended to read:
281.59 (3) (a) 8. The amount and description of any service fee expected to be charged during the next biennium under this section to an applicant.
27,3556
Section 3556
. 281.59 (3) (b) of the statutes is amended to read:
281.59 (3) (b) The department of administration and the department shall consider as a guideline in preparing the portion of the biennial finance plan for the clean water fund program that all state water pollution abatement general obligation debt service costs should not exceed 50% of all general obligation debt service costs to the state.
27,3557
Section 3557
. 281.59 (3) (c), (d), (dm), (e), (f) and (i) of the statutes are renumbered 281.59 (3e) (a), (b), (c), (d), (e) and (f) and amended to read:
281.59 (3e) (a) No moneys from the clean water fund may be expended for the clean water fund program in a biennium until the legislature reviews and approves all of the following as part of the biennial budget act for the biennium:
1. An amount of present value of the subsidy for the clean water fund program that is specified for that biennium under par. (d) (b) and is based on the amount included in the biennial finance plan under par.
sub. (3) (a) 6.
2. The amount of public debt, authorized under s. 20.866 (2) (tc), that the state may contract for the purposes of s. 281.58 and this section the clean water fund program.
3. The amount of revenue obligations, authorized under sub. (4) (f), that may be issued for the purposes specified in s. 25.43 (3) of the clean water fund program.
(b) The amount of present value of the subsidy for the clean water fund program that is required to be specified under par. (c) (a) 1. and approved by the legislature under this paragraph is as follows:
1. Equal to $83,400,000 $90,200,000 during the 1995-97 1997-99 biennium.
3. Equal to $1,000 for any biennium after the 1995-97 1997-99 biennium.
(c) The department of administration may allocate amounts approved under par. (d) (b) as the present value of subsidies for financial assistance under this section and s. 281.58 the clean water fund program, including financial hardship assistance and assistance for the additional costs of approved projects. The department of administration may allocate amounts from the amount approved under par. (d) (b) for a biennium until December 30 of the fiscal year immediately following the biennium for projects for which complete applications under s. 281.58 (9) (a) are submitted before the end of the biennium.
(d) The department may expend, for financial assistance in a biennium other than financial hardship assistance under s. 281.58 (13) (e), an amount up to 85% of the amount approved by the legislature under par. (d) (b). The department may expend such amount only from the percentage of the amount approved under par. (d)
(b) that is not available under par. (f) (e) for financial hardship assistance.
(e) The department may expend, for financial hardship assistance in a biennium under s. 281.58 (13) (e), an amount up to 15% of the amount approved by the legislature under par. (d) (b) for that biennium. The department may expend such amount only from the percentage of the amount approved by the legislature under par. (d)
(b) that is not available under par. (e) (d) for financial assistance.
(f) Using the amount approved under par. (d)
(b) as a base, the department of administration shall calculate the present value of the actual subsidy of each clean water fund program loan or grant to be made for those projects in each biennium that are approved for financial assistance by the 2 departments. The present value shall be discounted as provided under par. sub. (3) (a) 6.
27,3558
Section 3558
. 281.59 (3) (j) of the statutes is amended to read:
281.59 (3) (j) No later than November 1 of each odd-numbered year, the department of administration and the department jointly shall submit a report, to the building commission and committees as required under par. (bm), on the implementation of the amount established under par. (d) sub. (3e) (b) as required under s. 281.58 (9m) (e), and on the operations and activities of the clean water fund program, the safe drinking water loan program and the land recycling loan program for the previous biennium.
