AB100: Bill Text

AB100,1416,6 5. The interest rate for a planning and design project specified in sub. (7) (b) 3. shall be determined under subd. 1., 2., 3. or 4. based on the type of project for which the planning and design are undertaken.

AB100, s. 3525 Section 3525. 281.58 (12) (c) (intro.), 1. and 2. of the statutes are repealed.

AB100, s. 3526 Section 3526. 281.58 (12) (c) 3. of the statutes is renumbered 281.58 (12) (c) and amended to read:

AB100,1416,12 281.58 (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:

AB100,1416,16 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.

AB100,1416,19 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.

AB100, s. 3527 Section 3527. 281.58 (12) (f) of the statutes is amended to read:

AB100,1416,24 281.58 (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.

AB100, s. 3528 Section 3528. 281.58 (13) (b) (intro.) of the statutes is amended to read:

AB100,1417,5 281.58 (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:

AB100, s. 3529 Section 3529. 281.58 (13m) of the statutes is amended to read:

AB100,1417,11 281.58 (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).

AB100,1417,16 (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).

AB100, s. 3530 Section 3530. 281.58 (14) (b) (intro.) of the statutes is amended to read:

AB100,1417,20 281.58 (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:

AB100, s. 3531 Section 3531. 281.59 (title) of the statutes is amended to read:

AB100,1417,23 281.59 (title) Clean water Environmental improvement fund program; financial management.

AB100, s. 3532 Section 3532. 281.59 (1) (a) of the statutes is renumbered 281.59 (1) (am).

AB100, s. 3533 Section 3533. 281.59 (1) (ag) of the statutes is created to read:

AB100,1418,2 281.59 (1) (ag) "Clean water fund program" means the program administered under s. 281.58, with financial management provided under this section.

AB100, s. 3534 Section 3534. 281.59 (1) (as) of the statutes is created to read:

AB100,1418,6 281.59 (1) (as) "Land recycling loan program" means the program administered under s. 281.60, with financial management provided under this section.

AB100, s. 3535 Section 3535. 281.59 (1) (b) of the statutes is amended to read:

AB100,1418,11 281.59 (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.

AB100, s. 3536 Section 3536. 281.59 (1) (cm) of the statutes is created to read:

AB100,1418,15 281.59 (1) (cm) "Safe drinking water loan program" means the program administered under s. 281.61, with financial management provided under this section.

AB100, s. 3537 Section 3537. 281.59 (1) (d) of the statutes is amended to read:

AB100,1418,20 281.59 (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:

AB100,1418,23 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.

AB100,1418,25 2. To For the clean water fund program only, to provide for financial hardship assistance, including grants.

AB100, s. 3538 Section 3538. 281.59 (1m) of the statutes is created to read:

AB100,1419,4 281.59 (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.

AB100,1419,6 (b) There is established a safe drinking water loan program, administered under s. 281.61, with financial management provided under this section.

AB100, s. 3539 Section 3539. 281.59 (2) (a) of the statutes is amended to read:

AB100,1419,9 281.59 (2) (a) Administer its responsibilities under this section and s. ss. 281.58, 281.60 and 281.61.

AB100, s. 3540 Section 3540. 281.59 (2) (b) of the statutes is amended to read:

AB100,1419,13 281.59 (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.

AB100, s. 3541 Section 3541. 281.59 (2) (c) of the statutes is amended to read:

AB100,1419,17 281.59 (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.

AB100, s. 3542 Section 3542. 281.59 (2m) (title) of the statutes is amended to read:

AB100,1419,20 281.59 (2m) (title) Investment management; clean water environmental improvement fund.

AB100, s. 3543 Section 3543. 281.59 (2m) (a) 1. of the statutes is amended to read:

AB100,1419,25 281.59 (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.

AB100, s. 3544 Section 3544. 281.59 (2m) (b) 1. of the statutes is amended to read:

AB100,1420,3 281.59 (2m) (b) 1. The action provides a financial benefit to the clean water environmental improvement fund.

AB100, s. 3545 Section 3545. 281.59 (2m) (b) 2. of the statutes is amended to read:

AB100,1420,6 281.59 (2m) (b) 2. The action does not contradict or weaken the purposes of the clean water environmental improvement fund.

AB100, s. 3546 Section 3546. 281.59 (3) (a) 1. of the statutes is amended to read:

AB100,1420,10 281.59 (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 biennium.

AB100, s. 3547 Section 3547. 281.59 (3) (a) 2. of the statutes is amended to read:

AB100,1420,14 281.59 (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.

AB100, s. 3548 Section 3548. 281.59 (3) (a) 4. of the statutes is repealed and recreated to read:

AB100,1420,17 281.59 (3) (a) 4. A chart showing detailed projected sources and uses of funds for projects under subd. 1. during the next biennium.

AB100, s. 3549 Section 3549. 281.59 (3) (a) 5. of the statutes is amended to read:

AB100,1420,24 281.59 (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, 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.

AB100, s. 3550 Section 3550. 281.59 (3) (a) 5m. of the statutes is amended to read:

AB100,1421,3 281.59 (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.

AB100, s. 3551 Section 3551. 281.59 (3) (a) 6. of the statutes is amended to read:

AB100,1421,9 281.59 (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.

AB100, s. 3552 Section 3552. 281.59 (3) (a) 6e. of the statutes is created to read:

AB100,1421,14 281.59 (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.

AB100, s. 3553 Section 3553. 281.59 (3) (a) 6m. of the statutes is created to read:

AB100,1421,19 281.59 (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.

AB100, s. 3554 Section 3554. 281.59 (3) (a) 7. of the statutes is amended to read:

AB100,1421,22 281.59 (3) (a) 7. A discussion of the assumptions made in calculating the amount amounts under subd. subds. 6., 6e. and 6m.

AB100, s. 3555 Section 3555. 281.59 (3) (a) 8. of the statutes is amended to read:

AB100,1421,25 281.59 (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.

AB100, s. 3556 Section 3556. 281.59 (3) (b) of the statutes is amended to read:

AB100,1422,6 281.59 (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.

AB100, s. 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:

AB100,1422,11 281.59 (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: