SB77-SSA1,1475,1614
1. To reduce the interest rate of clean water fund
program, safe drinking water
15loan program and land recycling loan program loans from market rate to a subsidized
16rate.
SB77-SSA1,1475,1817
2.
To For the clean water fund program only, to provide for financial hardship
18assistance, including grants.
SB77-SSA1,1475,2120
281.59
(1) (d) 3. For the safe drinking water loan program only, to provide
21grants under s. 281.61 (8e).
SB77-SSA1,1475,2523
281.59
(1m) Establishment of programs. (a) There is established a clean
24water fund program, administered under s. 281.58, with financial management
25provided under this section.
SB77-SSA1,1476,2
1(b) There is established a safe drinking water loan program, administered
2under s. 281.61, with financial management provided under this section.
SB77-SSA1,1476,54
281.59
(2) (a) Administer its responsibilities under this section and
s. ss. 5281.58
, 281.60 and 281.61.
SB77-SSA1,1476,97
281.59
(2) (b) Cooperate with the department in administering the clean water
8fund program
, the safe drinking water loan program and the land recycling loan
9program.
SB77-SSA1,1476,1311
281.59
(2) (c) Accept and hold any letter of credit from the federal government
12through which the state receives federal capitalization grant payments and
13disbursements to the
clean water environmental improvement fund.
SB77-SSA1, s. 3542
14Section
3542. 281.59 (2m) (title) of the statutes is amended to read:
SB77-SSA1,1476,1615
281.59
(2m) (title)
Investment management;
clean water environmental
16improvement fund.
SB77-SSA1,1476,2118
281.59
(2m) (a) 1. Subject to par. (b), direct the investment board under s. 25.17
19(2) (d) to make any investment of the
clean water
environmental improvement fund,
20or in the collection of the principal and interest of all moneys loaned or invested from
21such that fund.
SB77-SSA1,1476,2423
281.59
(2m) (b) 1. The action provides a financial benefit to the
clean water 24environmental improvement fund.
SB77-SSA1,1477,2
1281.59
(2m) (b) 2. The action does not contradict or weaken the purposes of the
2clean water environmental improvement fund.
SB77-SSA1,1477,54
281.59
(3) (a) 1. An estimate of
the wastewater treatment
, safe drinking water
5and land recycling project needs of the state for the 4 fiscal years of the next 2 biennia.
SB77-SSA1,1477,97
281.59
(3) (a) 2. The total amount of financial assistance planned to be provided
8or committed
to municipalities for projects
under subd. 1. during
the 4 fiscal years
9of the next
2 biennia biennium.
SB77-SSA1,1477,1311
281.59
(3) (a) 4. The extent to which the
funding for the clean water fund
12program and the safe drinking water loan program, in the environmental
13improvement fund, will be maintained in perpetuity.
SB77-SSA1,1477,1615
281.59
(3) (a) 4m. A chart showing detailed projected sources and uses of funds
16for projects under subd. 1. during the next biennium.
SB77-SSA1,1478,218
281.59
(3) (a) 5.
Audited The most recent available audited financial
19statements of the past operations and activities of the
program under this section
20and s. 281.58 clean water fund program, the safe drinking water loan program and
21the land recycling loan program, the estimated
environmental improvement fund
22capital available in each of the next 4 fiscal years
for the clean water fund program
23and the safe drinking water loan program, and the projected
clean water 24environmental improvement fund balance
for the clean water fund program and the
1safe drinking water loan program for each of the next 20 years given existing
2obligations and financial conditions.
SB77-SSA1,1478,64
281.59
(3) (a) 5m. The
estimated spending level and percentage of market
5interest rate for the
types of projects
specified under s. 281.58 (7) (b) 1. to 3. under
6subd. 1.
SB77-SSA1,1478,128
281.59
(3) (a) 6. An amount equal to the estimated present value of subsidies
9for all clean water fund
program loans and grants expected to be made for the
10wastewater treatment projects listed in the biennial needs list under s. 281.58 (3m),
11discounted at a rate of 7% per year to the first day of the biennium for which the
12biennial finance plan is prepared.
SB77-SSA1,1478,1714
281.59
(3) (a) 6e. An amount equal to the estimated present value of subsidies
15for all loans under the land recycling loan program to be made during the biennium
16for which the biennial finance plan is prepared, discounted at a rate of 7% per year
17to the first day of that biennium.
SB77-SSA1,1478,2219
281.59
(3) (a) 6m. An amount equal to the estimated present value of subsidies
20for all loans and grants under the safe drinking water loan program to be made
21during the biennium for which the biennial finance plan is prepared, discounted at
22a rate of 7% per year to the first day of that biennium.
SB77-SSA1,1478,2524
281.59
(3) (a) 7. A discussion of the assumptions made in calculating the
25amount amounts under
subd. subds. 6
., 6e. and 6m.
SB77-SSA1,1479,32
281.59
(3) (a) 8. The amount
and description of any
service fee expected to be
3charged during the next biennium under this section
to an applicant.
SB77-SSA1,1479,95
281.59
(3) (b) The department of administration and the department shall
6consider as a guideline in preparing the
portion of the biennial finance plan
for the
7clean water fund program that all state water pollution abatement general
8obligation debt service costs should not exceed 50% of all general obligation debt
9service costs to the state.
SB77-SSA1, s. 3557
10Section
3557. 281.59 (3) (c), (d), (dm), (e), (f) and (i) of the statutes are
11renumbered 281.59 (3e) (a), (b), (c), (d), (e) and (f) and amended to read:
SB77-SSA1,1479,1412
281.59
(3e) (a) No moneys
from the clean water fund may be expended
for the
13clean water fund program in a biennium until the legislature reviews and approves
14all of the following as part of the biennial budget act for the biennium:
SB77-SSA1,1479,1715
1. An amount
of present value of the subsidy for the clean water fund program 16that is specified for that biennium under par.
(d)
(b) and is based on the amount
17included in the biennial finance plan under
par.
sub. (3) (a) 6.
SB77-SSA1,1479,2018
2. The amount of public debt, authorized under s. 20.866 (2) (tc), that the state
19may contract for the purposes of
s. 281.58 and this section the clean water fund
20program.
SB77-SSA1,1479,2221
3. The amount of revenue obligations, authorized under sub. (4) (f), that may
22be issued for the purposes
specified in s. 25.43 (3)
of the clean water fund program.
SB77-SSA1,1479,2523
(b) The amount
of present value of the subsidy for the clean water fund program 24that is
required to be specified under par.
(c) (a) 1. and approved by the legislature
25under this paragraph is
as follows:
SB77-SSA1,1480,1
11. Equal to
$83,400,000 $82,400,000 during the
1995-97 1997-99 biennium.
SB77-SSA1,1480,22
3. Equal to $1,000 for any biennium after the
1995-97
1997-99 biennium.
SB77-SSA1,1480,103
(c) The department of administration may allocate amounts approved under
4par.
(d) (b) as the present value of subsidies for financial assistance under
this section
5and s. 281.58 the clean water fund program, including financial hardship assistance
6and assistance for the additional costs of approved projects. The department of
7administration may allocate amounts from the amount approved under par.
(d) (b) 8for a biennium until December 30 of the fiscal year immediately following the
9biennium for projects for which complete applications under s. 281.58 (9) (a) are
10submitted before the end of the biennium.
SB77-SSA1,1480,1511
(d) The department may expend, for financial assistance in a biennium other
12than financial hardship assistance under s. 281.58 (13) (e), an amount up to 85% of
13the amount approved by the legislature under par.
(d)
(b). The department may
14expend such amount only from the percentage of the amount approved under par.
(d) 15(b) that is not available under par.
(f) (e) for financial hardship assistance.
SB77-SSA1,1480,2016
(e) The department may expend, for financial hardship assistance in a
17biennium under s. 281.58 (13) (e), an amount up to 15% of the amount approved by
18the legislature under par.
(d) (b) for that biennium. The department may expend
19such amount only from the percentage of the amount approved by the legislature
20under par.
(d) (b) that is not available under par.
(e) (d) for financial assistance.
SB77-SSA1,1480,2521
(f) Using the amount approved under par.
(d) (b) as a base, the department of
22administration shall calculate the present value of the actual subsidy of each clean
23water fund
program loan or grant to be made for those projects in each biennium that
24are approved for financial assistance by the 2 departments. The present value shall
25be discounted as provided under
par. sub. (3) (a) 6.
SB77-SSA1,1481,82
281.59
(3) (j) No later than November 1 of each odd-numbered year, the
3department of administration and the department jointly shall submit a report, to
4the building commission and committees as required under par. (bm), on the
5implementation of the amount established under
par. (d) sub. (3e) (b) as required
6under s. 281.58 (9m) (e), and on the operations and activities of the clean water fund
7program
, the safe drinking water loan program and the land recycling loan program 8for the previous biennium.
SB77-SSA1,1481,1010
281.59
(3e) (title)
Clean water fund program expenditures.
SB77-SSA1,1481,1712
281.59
(3m) Land recycling loan program expenditures. (a) No moneys may
13be expended for the land recycling loan program in a biennium until the legislature
14reviews and approves, as part of the biennial budget act for the biennium, an amount
15of present value of the subsidy for the land recycling loan program that is specified
16for that biennium under par. (b) and is based on the amount included in the biennial
17finance plan under sub. (3) (a) 6e.
SB77-SSA1,1481,1918
(b) The amount of present value of the subsidy for the land recycling loan
19program that is approved by the legislature under this paragraph is as follows:
SB77-SSA1,1481,2020
1. Equal to $4,500,000 during the 1997-99 biennium.
SB77-SSA1,1481,2121
2. Equal to $1,000 for any biennium after the 1997-99 biennium.
SB77-SSA1,1481,2422
(c) The department of administration may allocate amounts approved under
23par. (b) as the present value of subsidies for financial assistance under the land
24recycling program.
SB77-SSA1,1482,5
1(d) Using the amount approved under par. (b) as a base, the department of
2administration shall calculate the present value of the actual subsidy of each land
3recycling loan made for those projects in each biennium that are approved for
4financial assistance. The present value shall be discounted as provided under sub.
5(3) (a) 6e.
SB77-SSA1,1482,107
281.59
(3s) Safe drinking water loan program expenditures. (a) No moneys
8may be expended for the safe drinking water loan program in a biennium until the
9legislature reviews and approves all of the following as part of the biennial budget
10act for the biennium:
SB77-SSA1,1482,1311
1. An amount of present value of the subsidy for the safe drinking water loan
12program that is specified for that biennium under par. (b) and is based on the amount
13included in the biennial finance plan under sub. (3) (a) 6m.
SB77-SSA1,1482,1514
2. The amount of public debt, authorized under s. 20.866 (2) (td), that the state
15may contract for the purposes of the safe drinking water loan program.
SB77-SSA1,1482,1716
(b) The amount of present value of the subsidy for the safe drinking water loan
17program that is approved by the legislature under this paragraph is as follows:
SB77-SSA1,1482,1818
1. Equal to $21,000,000 during the 1997-99 biennium.
SB77-SSA1,1482,1919
2. Equal to $1,000 for any biennium after the 1997-99 biennium.
SB77-SSA1,1482,2220
(c) The department of administration may allocate amounts approved under
21par. (b) as the present value of subsidies for financial assistance under the safe
22drinking water program.
SB77-SSA1,1483,223
(d) Using the amount approved under par. (b) as a base, the department of
24administration shall calculate the present value of the actual subsidy of each safe
25drinking water loan or grant made for those projects in each biennium that are
1approved for financial assistance. The present value shall be discounted as provided
2under sub. (3) (a) 6m.
SB77-SSA1,1483,84
281.59
(4) (am) Deposits, appropriations or transfers to the
clean water 5environmental improvement fund for the purposes
specified in s. 25.43 (3) of the
6clean water fund program may be funded with the proceeds of revenue obligations
7issued subject to and in accordance with subch. II of ch. 18 or in accordance with
8subch. IV of ch. 18 if designated a higher education bond.
SB77-SSA1,1483,1910
281.59
(4) (c) The building commission may pledge any portion of revenues
11received or to be received in the fund established in par. (b) or the
clean water 12environmental improvement fund to secure revenue obligations issued under this
13subsection. The pledge shall provide for the transfer to the
clean water 14environmental improvement fund of all pledged revenues, including any interest
15earned on the revenues, which are in excess of the amounts required to be paid under
16s. 20.320 (1) (c) and (u) for the purposes
specified in s. 25.43 (3) of the clean water fund
17program. The pledge shall provide that the transfers be made at least twice yearly,
18that the transferred amounts be deposited in the
clean water environmental
19improvement fund and that the transferred amounts are free of any prior pledge.
SB77-SSA1, s. 3564
20Section
3564. 281.59 (9) (a), (am) and (b) (intro.) and 1. of the statutes are
21amended to read:
SB77-SSA1,1484,322
281.59
(9) (a) A loan approved under
this section and s. 281.58 the clean water
23fund program, the safe drinking water loan program or the land recycling loan
24program shall be for no longer than 20 years, as determined by the department of
25administration, be fully amortized not later than 20 years after the original date of
1the note, and require the repayment of principal and interest, if any, to begin not later
2than 12 months after the expected date of completion of the project that it funds, as
3determined by the department of administration.
SB77-SSA1,1484,144
(am) The department of administration, in consultation with the department,
5may establish those terms and conditions of a financial assistance agreement that
6relate to its financial management, including what type of municipal obligation, as
7set forth under s. 66.36, is required for the repayment of the financial assistance.
8Any terms and conditions established under this paragraph by the department of
9administration shall comply with the requirements of this section and s. 281.58
,
10281.60 or 281.61. In setting
such the terms and conditions, the department of
11administration may consider factors that the department of administration finds are
12relevant, including the type of
municipal obligation evidencing the loan, the pledge
13of security for the
municipal obligation and the
municipality's applicant's 14creditworthiness.
SB77-SSA1,1484,1815
(b) (intro.) As a condition of receiving financial assistance under
this section
16and s. 281.58, a municipality the clean water fund program, the safe drinking water
17loan program or the land recycling loan program, an applicant shall do all of the
18following:
SB77-SSA1,1484,2019
1. Pledge the security, if any, required by the rules promulgated by the
20department of administration under this section and s. 281.58
, 281.60 or 281.61.
SB77-SSA1,1485,222
281.59
(11) Financial assistance payments. (a) The department of natural
23resources and the department of administration may enter into a financial
24assistance agreement with
a municipality an applicant for which the department of
25administration has allocated subsidy under s. 281.58 (9m)
, 281.60 (8) or 281.61 (8)
1if the
municipality applicant meets the conditions under sub. (9)
and s. 281.58 (14) 2and the other requirements under this section and s. 281.58
, 281.60 or 281.61.
SB77-SSA1,1485,63
(am) The department of administration shall make the financial assistance
4payments to
a municipality which an applicant that has entered into a financial
5assistance agreement under par. (a) or to the
municipality's applicant's designated
6agent.