Amendment ASA1-AB188

AB188-ASA1,25,6 281.58 (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:

AB188-ASA1, s. 76 Section 76. 281.58 (13m) of the statutes is amended to read:

AB188-ASA1,25,12 281.58 (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).

AB188-ASA1,25,17 (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).

AB188-ASA1, s. 77 Section 77. 281.58 (14) (b) (intro.) of the statutes is amended to read:

AB188-ASA1,25,21 281.58 (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:

AB188-ASA1, s. 78 Section 78. 281.59 (title) of the statutes is amended to read:

AB188-ASA1,25,24 281.59 (title) Clean water Environmental improvement fund program; financial management.

AB188-ASA1, s. 79 Section 79. 281.59 (1) (a) of the statutes is renumbered 281.59 (1) (am).

AB188-ASA1, s. 80 Section 80. 281.59 (1) (ag) of the statutes is created to read:

AB188-ASA1,26,3 281.59 (1) (ag) "Clean water fund program" means the program administered under s. 281.58, with financial management provided under this section.

AB188-ASA1, s. 81 Section 81. 281.59 (1) (as) of the statutes is created to read:

AB188-ASA1,26,7 281.59 (1) (as) "Land recycling loan program" means the program administered under s. 281.60, with financial management provided under this section.

AB188-ASA1, s. 82 Section 82. 281.59 (1) (b) of the statutes is amended to read:

AB188-ASA1,26,12 281.59 (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.

AB188-ASA1, s. 83 Section 83. 281.59 (1) (cm) of the statutes is created to read:

AB188-ASA1,26,16 281.59 (1) (cm) "Safe drinking water loan program" means the program administered under s. 281.61, with financial management provided under this section.

AB188-ASA1, s. 84 Section 84. 281.59 (1) (d) of the statutes is amended to read:

AB188-ASA1,26,21 281.59 (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:

AB188-ASA1,26,24 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.

AB188-ASA1,27,2 2. To For the clean water fund program only, to provide for financial hardship assistance, including grants.

AB188-ASA1, s. 85 Section 85. 281.59 (1m) of the statutes is created to read:

AB188-ASA1,27,6 281.59 (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.

AB188-ASA1,27,8 (b) There is established a safe drinking water loan program, administered under s. 281.61, with financial management provided under this section.

AB188-ASA1, s. 86 Section 86. 281.59 (2) (a) of the statutes is amended to read:

AB188-ASA1,27,11 281.59 (2) (a) Administer its responsibilities under this section and s. ss. 281.58, 281.60 and 281.61.

AB188-ASA1, s. 87 Section 87. 281.59 (2) (b) of the statutes is amended to read:

AB188-ASA1,27,15 281.59 (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.

AB188-ASA1, s. 88 Section 88. 281.59 (2) (c) of the statutes is amended to read:

AB188-ASA1,27,19 281.59 (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.

AB188-ASA1, s. 89 Section 89. 281.59 (2m) (title) of the statutes is amended to read:

AB188-ASA1,27,22 281.59 (2m) (title) Investment management; clean water environmental improvement fund.

AB188-ASA1, s. 90 Section 90. 281.59 (2m) (a) 1. of the statutes is amended to read:

AB188-ASA1,28,2 281.59 (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.

AB188-ASA1, s. 91 Section 91. 281.59 (2m) (b) 1. of the statutes is amended to read:

AB188-ASA1,28,5 281.59 (2m) (b) 1. The action provides a financial benefit to the clean water environmental improvement fund.

AB188-ASA1, s. 92 Section 92. 281.59 (2m) (b) 2. of the statutes is amended to read:

AB188-ASA1,28,8 281.59 (2m) (b) 2. The action does not contradict or weaken the purposes of the clean water environmental improvement fund.

AB188-ASA1, s. 93 Section 93. 281.59 (3) (a) 1. of the statutes is amended to read:

AB188-ASA1,28,11 281.59 (3) (a) 1. An estimate of wastewater treatment , safe drinking water and land recycling project needs of the state for the 4 fiscal years of the next 2 biennia.

AB188-ASA1, s. 94 Section 94. 281.59 (3) (a) 2. of the statutes is amended to read:

AB188-ASA1,28,15 281.59 (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.

AB188-ASA1, s. 95 Section 95. 281.59 (3) (a) 4. of the statutes is repealed.

AB188-ASA1, s. 96 Section 96. 281.59 (3) (a) 5. of the statutes is amended to read:

AB188-ASA1,28,23 281.59 (3) (a) 5. Audited financial statements of the past operations and activities of the program under this section and s. 281.58, the estimated fund capital available in each of the next 4 fiscal years, and the projected clean water fund balance for each of the next 20 years given existing obligations and financial conditions clean water fund program, the safe drinking water loan program and the land recycling loan program.

AB188-ASA1, s. 97 Section 97. 281.59 (3) (a) 6. of the statutes is amended to read:

AB188-ASA1,29,5 281.59 (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.

AB188-ASA1, s. 98 Section 98. 281.59 (3) (a) 6e. of the statutes is created to read:

AB188-ASA1,29,10 281.59 (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.

AB188-ASA1, s. 99 Section 99. 281.59 (3) (a) 6m. of the statutes is created to read:

AB188-ASA1,29,15 281.59 (3) (a) 6m. An amount equal to the estimated present value of subsidies for all loans 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.

AB188-ASA1, s. 100 Section 100. 281.59 (3) (a) 7. of the statutes is amended to read:

AB188-ASA1,29,18 281.59 (3) (a) 7. A discussion of the assumptions made in calculating the amount amounts under subd. subds. 6., 6e. and 6m.

AB188-ASA1, s. 101 Section 101. 281.59 (3) (a) 8. of the statutes is amended to read:

AB188-ASA1,29,21 281.59 (3) (a) 8. The amount of any service fee expected to be charged under s. 281.58 (9) (d) during the next biennium under this section to an applicant.

AB188-ASA1, s. 102 Section 102. 281.59 (3) (b) of the statutes is amended to read:

AB188-ASA1,30,2 281.59 (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.

AB188-ASA1, s. 103 Section 103. 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 281.59 (3e) (a), (b) (intro.), (c), (d), (e) and (f), as renumbered, are amended to read:

AB188-ASA1,30,8 281.59 (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:

AB188-ASA1,30,11 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.

AB188-ASA1,30,14 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.

AB188-ASA1,30,16 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.

AB188-ASA1,30,19 (b) (intro.) 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:

AB188-ASA1,31,2 (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.

AB188-ASA1,31,8 (d) The department may expend, for clean water fund program 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.

AB188-ASA1,31,14 (e) The department may expend, for clean water fund program 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.

AB188-ASA1,31,19 (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.

AB188-ASA1, s. 104 Section 104. 281.59 (3) (j) of the statutes is amended to read:

AB188-ASA1,32,2 281.59 (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.

AB188-ASA1, s. 105 Section 105. 281.59 (3e) (title) of the statutes is created to read:

AB188-ASA1,32,4 281.59 (3e) (title) Clean water fund program expenditures.

AB188-ASA1, s. 106 Section 106. 281.59 (3m) of the statutes is created to read:

AB188-ASA1,32,11 281.59 (3m) Land recycling loan program expenditures. (a) No moneys may be expended for the land recycling loan program in a biennium until the legislature reviews and approves, as part of the biennial budget act for the biennium, an amount of present value of the subsidy for the land recycling loan program that is specified for that biennium under par. (b) and is based on the amount included in the biennial finance plan under sub. (3) (a) 6e.

AB188-ASA1,32,13 (b) The amount of present value of the subsidy for the land recycling loan program that is approved by the legislature under this paragraph is as follows:

AB188-ASA1,32,14 1. Equal to $4,500,000 during the 1997-99 biennium.

AB188-ASA1,32,15 2. Equal to $1,000 for any biennium after the 1997-99 biennium.

AB188-ASA1,32,18 (c) The department of administration may allocate amounts approved under par. (b) as the present value of subsidies for financial assistance under the land recycling program.

AB188-ASA1,32,23 (d) Using the amount approved under par. (b) as a base, the department of administration shall calculate the present value of the actual subsidy of each land recycling loan made for those projects in each biennium that are approved for financial assistance. The present value shall be discounted as provided under sub. (3) (a) 6e.

AB188-ASA1, s. 107 Section 107. 281.59 (3s) of the statutes is created to read:

AB188-ASA1,33,4 281.59 (3s) Safe drinking water loan program expenditures. (a) No moneys may be expended for the safe drinking water loan program in a biennium until the legislature reviews and approves all of the following as part of the biennial budget act for the biennium:

AB188-ASA1,33,7 1. An amount of present value of the subsidy for the safe drinking water loan program that is specified for that biennium under par. (b) and is based on the amount included in the biennial finance plan under sub. (3) (a) 6m.

AB188-ASA1,33,9 2. The amount of public debt, authorized under s. 20.866 (2) (td), that the state may contract for the purposes of the safe drinking water loan program.

AB188-ASA1,33,11 (b) The amount of present value of the subsidy for the safe drinking water loan program that is approved by the legislature under this paragraph is as follows:

AB188-ASA1,33,12 1. Equal to $18,000,000 during the 1997-99 biennium.

AB188-ASA1,33,13 2. Equal to $1,000 for any biennium after the 1997-99 biennium.

AB188-ASA1,33,16 (c) The department of administration may allocate amounts approved under par. (b) as the present value of subsidies for financial assistance under the safe drinking water program.

AB188-ASA1,33,21 (d) Using the amount approved under par. (b) as a base, the department of administration shall calculate the present value of the actual subsidy of each safe drinking water loan made for those projects in each biennium that are approved for financial assistance. The present value shall be discounted as provided under sub. (3) (a) 6m.

AB188-ASA1, s. 108 Section 108. 281.59 (4) (am) of the statutes is amended to read:

AB188-ASA1,34,2 281.59 (4) (am) Deposits, appropriations or transfers to the clean water environmental improvement fund for the purposes specified in s. 25.43 (3) of the clean water fund program may be funded with the proceeds of revenue obligations issued subject to and in accordance with subch. II of ch. 18 or in accordance with subch. IV of ch. 18 if designated a higher education bond.