AB100,1415,224
2. If a sufficient amount of subsidy is not available under s. 281.59
(3) (d) (3e)
25(b) for the municipality's project when the department approves the application
1under subd. 1., the department shall place the project on a list for allocation when
2additional subsidy becomes available.
AB100, s. 3522
3Section
3522. 281.58 (9m) (f) (intro.) of the statutes is amended to read:
AB100,1415,94
281.58
(9m) (f) (intro.) If the amount approved under s. 281.59
(3) (d) (3e) (b),
5the amount available under s. 20.866 (2) (tc) or the amount available under s. 281.59
6(4) (f) for a biennium is 85% or less of the amount of present value subsidy, general
7obligation bonding authority or revenue bonding authority, respectively, requested
8for that biennium in the biennial finance plan submitted under s. 281.59 (3) (bm) 1.,
9all of the following apply:
AB100, s. 3523
10Section
3523. 281.58 (9m) (g) of the statutes is amended to read:
AB100,1415,1311
281.58
(9m) (g) In allocating subsidy under this subsection, the department of
12administration shall adhere to the amount approved by the legislature for each
13biennium under s. 281.59
(3) (d) (3e) (b).
AB100, s. 3524
14Section
3524. 281.58 (12) (a) of the statutes is repealed and recreated to read:
AB100,1415,1715
281.58
(12) (a) 1. Except as modified under par. (f) and except as restricted by
16sub. (8) (b), (c), (f) or (h), the interest rate for projects specified in sub. (7) (b) 1. and
172. is 55% of market interest rate.
AB100,1415,2018
2. Except as modified under par. (f) and except as restricted by sub. (8) (b), (c),
19(f) or (h), the interest rate for projects specified in sub. (7) (b) 5. is 65% of market
20interest rate.
AB100,1415,2321
3. Except as modified under par. (f) and except as restricted by sub. (8) (b), (c),
22(f) or (h), the interest rate for projects specified in sub. (7) (b) 4. is 70% of market
23interest rate.
AB100,1416,3
14. The interest rate for projects specified in sub. (7) (b) 6. and 7. and for those
2portions of projects under subd. 1. that are restricted by sub. (8) (b), (c), (f) or (h) is
3market interest rate.
AB100,1416,64
5. The interest rate for a planning and design project specified in sub. (7) (b)
53. shall be determined under subd. 1., 2., 3. or 4. based on the type of project for which
6the planning and design are undertaken.
AB100, s. 3525
7Section
3525. 281.58 (12) (c) (intro.), 1. and 2. of the statutes are repealed.
AB100, s. 3526
8Section
3526. 281.58 (12) (c) 3. of the statutes is renumbered 281.58 (12) (c)
9and amended to read:
AB100,1416,1210
281.58
(12) (c) The department
, in establishing percentage of market interest
11rates, and the department of administration shall attempt to ensure
that those rates
12do not result in any all of the following:
AB100,1416,1613
1.
Beginning in fiscal year 1991, That increases in all state water pollution
14abatement general obligation debt service costs
greater than do not exceed 4%
15annually
in the fiscal year in which the rates are established and in the following
16fiscal year.
AB100,1416,1917
2.
State That state water pollution abatement general obligation debt service
18costs
are not greater than 50% of all general obligation debt service costs in
the any 19fiscal year
in which the rates are established and in any of the following 3 fiscal years.
AB100, s. 3527
20Section
3527. 281.58 (12) (f) of the statutes is amended to read:
AB100,1416,2421
281.58
(12) (f) The department and the department of administration jointly
22may request the joint committee on finance to take action under s. 13.101 (11) to
23modify the percentage of market interest rates established
by rule for tier 1 and tier
242 projects in par. (a) 1. to 3.
AB100, s. 3528
25Section
3528. 281.58 (13) (b) (intro.) of the statutes is amended to read:
AB100,1417,5
1281.58
(13) (b) (intro.) A municipality with an application that is approved
2under sub. (9m) is eligible for financial hardship assistance for the project costs that
3are eligible under
this section and s. 281.59 the clean water fund program, except for
4costs to which sub. (8) (b), (c), (f) or (h) applies, if the municipality meets all of the
5following criteria:
AB100, s. 3529
6Section
3529. 281.58 (13m) of the statutes is amended to read:
AB100,1417,117
281.58
(13m) Minority business development and training program. (a) The
8department shall make grants to projects that are eligible for financial assistance
9under
this section and s. 281.59 the clean water fund program and that are identified
10as being part of the minority business development and training program under s.
1166.905 (2) (b).
AB100,1417,1612
(b) Grants provided under this subsection are not included for the purposes of
13determining under sub. (8) (i) the amount that a municipality may receive for
14projects under
this section and s. 281.59 the clean water fund program. Grants
15awarded under this subsection are not considered for the purposes of sub. (9m) (e)
16or s. 281.59
(3) (d) (3e) (b).
AB100, s. 3530
17Section
3530. 281.58 (14) (b) (intro.) of the statutes is amended to read:
AB100,1417,2018
281.58
(14) (b) (intro.) As a condition of receiving financial assistance under
19this section and s. 281.59 the clean water fund program, a municipality shall do all
20of the following:
AB100, s. 3531
21Section
3531. 281.59 (title) of the statutes is amended to read:
AB100,1417,23
22281.59 (title)
Clean water
Environmental improvement fund program;
23financial management.
AB100, s. 3532
24Section
3532. 281.59 (1) (a) of the statutes is renumbered 281.59 (1) (am).
AB100, s. 3533
25Section
3533. 281.59 (1) (ag) of the statutes is created to read:
AB100,1418,2
1281.59
(1) (ag) "Clean water fund program" means the program administered
2under s. 281.58, with financial management provided under this section.
AB100, s. 3534
3Section
3534. 281.59 (1) (as) of the statutes is created to read:
AB100,1418,64
281.59
(1) (as) "Land recycling loan program" means the program
5administered under s. 281.60, with financial management provided under this
6section.
AB100, s. 3535
7Section
3535. 281.59 (1) (b) of the statutes is amended to read:
AB100,1418,118
281.59
(1) (b) "Market interest rate" means the interest at the effective rate of
9a revenue obligation issued by the state to fund a
project loan or a portion of a
project 10loan
under this section and s. 281.58 for a project under the clean water fund
11program.
AB100, s. 3536
12Section
3536. 281.59 (1) (cm) of the statutes is created to read:
AB100,1418,1513
281.59
(1) (cm) "Safe drinking water loan program" means the program
14administered under s. 281.61, with financial management provided under this
15section.
AB100, s. 3537
16Section
3537. 281.59 (1) (d) of the statutes is amended to read:
AB100,1418,2017
281.59
(1) (d) "Subsidy" means the amounts provided
by the clean water from
18the environmental improvement fund to
clean water fund program, safe drinking
19water loan program and land recycling loan program projects
receiving financial
20assistance under this section and s. 281.58 for the following purposes:
AB100,1418,2321
1. To reduce the interest rate of clean water fund
program, safe drinking water
22loan program and land recycling loan program loans from market rate to a subsidized
23rate.
AB100,1418,2524
2.
To For the clean water fund program only, to provide for financial hardship
25assistance, including grants.
AB100, s. 3538
1Section
3538. 281.59 (1m) of the statutes is created to read:
AB100,1419,42
281.59
(1m) Establishment of programs. (a) There is established a clean
3water fund program, administered under s. 281.58, with financial management
4provided under this section.
AB100,1419,65
(b) There is established a safe drinking water loan program, administered
6under s. 281.61, with financial management provided under this section.
AB100, s. 3539
7Section
3539. 281.59 (2) (a) of the statutes is amended to read:
AB100,1419,98
281.59
(2) (a) Administer its responsibilities under this section and
s. ss. 9281.58
, 281.60 and 281.61.
AB100, s. 3540
10Section
3540. 281.59 (2) (b) of the statutes is amended to read:
AB100,1419,1311
281.59
(2) (b) Cooperate with the department in administering the clean water
12fund program
, the safe drinking water loan program and the land recycling loan
13program.
AB100, s. 3541
14Section
3541. 281.59 (2) (c) of the statutes is amended to read:
AB100,1419,1715
281.59
(2) (c) Accept and hold any letter of credit from the federal government
16through which the state receives federal capitalization grant payments and
17disbursements to the
clean water environmental improvement fund.
AB100, s. 3542
18Section
3542. 281.59 (2m) (title) of the statutes is amended to read:
AB100,1419,2019
281.59
(2m) (title)
Investment management;
clean water environmental
20improvement fund.
AB100, s. 3543
21Section
3543. 281.59 (2m) (a) 1. of the statutes is amended to read:
AB100,1419,2522
281.59
(2m) (a) 1. Subject to par. (b), direct the investment board under s. 25.17
23(2) (d) to make any investment of the
clean water
environmental improvement fund,
24or in the collection of the principal and interest of all moneys loaned or invested from
25such that fund.
AB100, s. 3544
1Section
3544. 281.59 (2m) (b) 1. of the statutes is amended to read:
AB100,1420,32
281.59
(2m) (b) 1. The action provides a financial benefit to the
clean water 3environmental improvement fund.
AB100, s. 3545
4Section
3545. 281.59 (2m) (b) 2. of the statutes is amended to read:
AB100,1420,65
281.59
(2m) (b) 2. The action does not contradict or weaken the purposes of the
6clean water environmental improvement fund.
AB100, s. 3546
7Section
3546. 281.59 (3) (a) 1. of the statutes is amended to read:
AB100,1420,108
281.59
(3) (a) 1. An estimate of
the wastewater treatment
, safe drinking water
9and land recycling project needs of the state for
the 4 fiscal years of the next
2 biennia 10biennium.
AB100, s. 3547
11Section
3547. 281.59 (3) (a) 2. of the statutes is amended to read:
AB100,1420,1412
281.59
(3) (a) 2. The total amount of financial assistance planned to be provided
13or committed
to municipalities for projects
under subd. 1. during
the 4 fiscal years
14of the next
2 biennia biennium.
AB100, s. 3548
15Section
3548. 281.59 (3) (a) 4. of the statutes is repealed and recreated to read:
AB100,1420,1716
281.59
(3) (a) 4. A chart showing detailed projected sources and uses of funds
17for projects under subd. 1. during the next biennium.
AB100, s. 3549
18Section
3549. 281.59 (3) (a) 5. of the statutes is amended to read:
AB100,1420,2419
281.59
(3) (a) 5.
Audited The most recent available audited financial
20statements of the
past operations and activities of the program under this section
21and s. 281.58, the estimated fund capital available in each of the next 4 fiscal years,
22and the projected clean water fund balance for each of the next 20 years given
23existing obligations and financial conditions clean water fund program, the safe
24drinking water loan program and the land recycling loan program.
AB100, s. 3550
25Section
3550. 281.59 (3) (a) 5m. of the statutes is amended to read:
AB100,1421,3
1281.59
(3) (a) 5m. The
estimated spending level and percentage of market
2interest rate for the
types of projects
specified under s. 281.58 (7) (b) 1. to 3. under
3subd. 1.
AB100, s. 3551
4Section
3551. 281.59 (3) (a) 6. of the statutes is amended to read:
AB100,1421,95
281.59
(3) (a) 6. An amount equal to the estimated present value of subsidies
6for all clean water fund
program loans and grants expected to be made for the
7wastewater treatment projects listed in the biennial needs list under s. 281.58 (3m),
8discounted at a rate of 7% per year to the first day of the biennium for which the
9biennial finance plan is prepared.
AB100, s. 3552
10Section
3552. 281.59 (3) (a) 6e. of the statutes is created to read:
AB100,1421,1411
281.59
(3) (a) 6e. An amount equal to the estimated present value of subsidies
12for all loans under the land recycling loan program to be made during the biennium
13for which the biennial finance plan is prepared, discounted at a rate of 7% per year
14to the first day of that biennium.