AB188, s. 69 22Section 69. 281.58 (13) (b) (intro.) of the statutes is amended to read:
AB188,20,223 281.58 (13) (b) (intro.) A municipality with an application that is approved
24under sub. (9m) is eligible for financial hardship assistance for the project costs that
25are eligible under this section and s. 281.59 the clean water fund program, except for

1costs to which sub. (8) (b), (c), (f) or (h) applies, if the municipality meets all of the
2following criteria:
AB188, s. 70 3Section 70. 281.58 (13m) of the statutes is amended to read:
AB188,20,84 281.58 (13m) Minority business development and training program. (a) The
5department shall make grants to projects that are eligible for financial assistance
6under this section and s. 281.59 the clean water fund program and that are identified
7as being part of the minority business development and training program under s.
866.905 (2) (b).
AB188,20,139 (b) Grants provided under this subsection are not included for the purposes of
10determining under sub. (8) (i) the amount that a municipality may receive for
11projects under this section and s. 281.59 the clean water fund program. Grants
12awarded under this subsection are not considered for the purposes of sub. (9m) (e)
13or s. 281.59 (3) (d) (3e) (b).
AB188, s. 71 14Section 71. 281.58 (14) (b) (intro.) of the statutes is amended to read:
AB188,20,1715 281.58 (14) (b) (intro.) As a condition of receiving financial assistance under
16this section and s. 281.59 the clean water fund program, a municipality shall do all
17of the following:
AB188, s. 72 18Section 72. 281.59 (title) of the statutes is amended to read:
AB188,20,20 19281.59 (title) Clean water Environmental improvement fund program;
20financial management.
AB188, s. 73 21Section 73. 281.59 (1) (a) of the statutes is renumbered 281.59 (1) (am).
AB188, s. 74 22Section 74. 281.59 (1) (ag) of the statutes is created to read:
AB188,20,2423 281.59 (1) (ag) "Clean water fund program" means the program administered
24under s. 281.58, with financial management provided under this section.
AB188, s. 75 25Section 75. 281.59 (1) (b) of the statutes is amended to read:
AB188,21,4
1281.59 (1) (b) "Market interest rate" means the interest at the effective rate of
2a revenue obligation issued by the state to fund a project loan or a portion of a project
3loan under this section and s. 281.58 for a project under the clean water fund
4program
.
AB188, s. 76 5Section 76. 281.59 (1) (cm) of the statutes is created to read:
AB188,21,86 281.59 (1) (cm) "Safe drinking water loan program" means the program
7administered under s. 281.61, with financial management provided under this
8section.
AB188, s. 77 9Section 77. 281.59 (1) (d) of the statutes is amended to read:
AB188,21,1310 281.59 (1) (d) "Subsidy" means the amounts provided by the clean water from
11the environmental improvement
fund to clean water fund program and safe drinking
12water loan program
projects receiving financial assistance under this section and s.
13281.58
for the following purposes:
AB188,21,1514 1. To reduce the interest rate of clean water fund program and safe drinking
15water loan program
loans from market rate to a subsidized rate.
AB188,21,1716 2. To For the clean water fund program only, to provide for financial hardship
17assistance, including grants.
AB188, s. 78 18Section 78. 281.59 (1m) of the statutes is created to read:
AB188,21,2119 281.59 (1m) Establishment of programs. (a) There is established a clean
20water fund program, administered under s. 281.58, with financial management
21provided under this section.
AB188,21,2322 (b) There is established a safe drinking water loan program, administered
23under s. 281.61, with financial management provided under this section.
AB188, s. 79 24Section 79. 281.59 (2) (a) of the statutes is amended to read:
AB188,22,2
1281.59 (2) (a) Administer its responsibilities under this section and s. ss. 281.58
2and 281.61.
AB188, s. 80 3Section 80. 281.59 (2) (b) of the statutes is amended to read:
AB188,22,54 281.59 (2) (b) Cooperate with the department in administering the clean water
5fund program and the safe drinking water loan program.
AB188, s. 81 6Section 81. 281.59 (2) (c) of the statutes is amended to read:
AB188,22,97 281.59 (2) (c) Accept and hold any letter of credit from the federal government
8through which the state receives federal capitalization grant payments and
9disbursements to the clean water environmental improvement fund.
AB188, s. 82 10Section 82. 281.59 (2m) (title) of the statutes is amended to read:
AB188,22,1211 281.59 (2m) (title) Investment management; clean water environmental
12improvement
fund.
AB188, s. 83 13Section 83. 281.59 (2m) (a) 1. of the statutes is amended to read:
AB188,22,1714 281.59 (2m) (a) 1. Subject to par. (b), direct the investment board under s. 25.17
15(2) (d) to make any investment of the clean water environmental improvement fund,
16or in the collection of the principal and interest of all moneys loaned or invested from
17such that fund.
AB188, s. 84 18Section 84. 281.59 (2m) (b) 1. of the statutes is amended to read:
AB188,22,2019 281.59 (2m) (b) 1. The action provides a financial benefit to the clean water
20environmental improvement fund.
AB188, s. 85 21Section 85. 281.59 (2m) (b) 2. of the statutes is amended to read:
AB188,22,2322 281.59 (2m) (b) 2. The action does not contradict or weaken the purposes of the
23clean water environmental improvement fund.
AB188, s. 86 24Section 86. 281.59 (3) (a) 1. of the statutes is amended to read:
AB188,23,2
1281.59 (3) (a) 1. An estimate of wastewater treatment and safe drinking water
2needs of the state for the 4 fiscal years of the next 2 biennia.
AB188, s. 87 3Section 87. 281.59 (3) (a) 2. of the statutes is amended to read:
AB188,23,64 281.59 (3) (a) 2. The total amount of financial assistance planned to be provided
5or committed to municipalities for projects under the clean water fund program and
6the safe drinking water loan program
during the 4 fiscal years of the next 2 biennia.
AB188, s. 88 7Section 88. 281.59 (3) (a) 4. of the statutes is repealed.
AB188, s. 89 8Section 89. 281.59 (3) (a) 5. of the statutes is amended to read:
AB188,23,139 281.59 (3) (a) 5. Audited financial statements of the past operations and
10activities of the program under this section and s. 281.58, the estimated fund capital
11available in each of the next 4 fiscal years, and the projected clean water fund balance
12for each of the next 20 years given existing obligations and financial conditions
clean
13water fund program and the safe drinking water loan program
.
AB188, s. 90 14Section 90. 281.59 (3) (a) 6. of the statutes is amended to read:
AB188,23,1915 281.59 (3) (a) 6. An amount equal to the estimated present value of subsidies
16for all clean water fund program loans and grants expected to be made for the
17wastewater treatment projects listed in the biennial needs list under s. 281.58 (3m),
18discounted at a rate of 7% per year to the first day of the biennium for which the
19biennial finance plan is prepared.
AB188, s. 91 20Section 91. 281.59 (3) (a) 6m. of the statutes is created to read:
AB188,23,2421 281.59 (3) (a) 6m. An amount equal to the estimated present value of subsidies
22for all loans under the safe drinking water loan program to be made during the
23biennium for which the biennial finance plan is prepared, discounted at a rate of 7%
24per year to the first day of that biennium.
AB188, s. 92 25Section 92. 281.59 (3) (a) 7. of the statutes is amended to read:
AB188,24,2
1281.59 (3) (a) 7. A discussion of the assumptions made in calculating the
2amount amounts under subd. subds. 6. and 6m.
AB188, s. 93 3Section 93. 281.59 (3) (a) 8. of the statutes is amended to read:
AB188,24,54 281.59 (3) (a) 8. The amount of any service fee expected to be charged under
5s. 281.58 (9) (d)
during the next biennium under this section to an applicant.
AB188, s. 94 6Section 94. 281.59 (3) (b) of the statutes is amended to read:
AB188,24,117 281.59 (3) (b) The department of administration and the department shall
8consider as a guideline in preparing the portion of the biennial finance plan for the
9clean water fund program
that all state water pollution abatement general
10obligation debt service costs should not exceed 50% of all general obligation debt
11service costs to the state.
AB188, s. 95 12Section 95. 281.59 (3) (c), (d), (dm), (e), (f) and (i) of the statutes are
13renumbered 281.59 (3e) (a), (b), (c), (d), (e) and (f), and 281.59 (3e) (a), (b) (intro.), (c),
14(d), (e) and (f), as renumbered, are amended to read:
AB188,24,1715 281.59 (3e) (a) No moneys from the clean water fund may be expended for the
16clean water fund program
in a biennium until the legislature reviews and approves
17all of the following as part of the biennial budget act for the biennium:
AB188,24,2018 1. An amount of present value of the subsidy for the clean water fund program
19that is specified for that biennium under par. (d) (b) and is based on the amount
20included in the biennial finance plan under par. sub. (3) (a) 6.
AB188,24,2321 2. The amount of public debt, authorized under s. 20.866 (2) (tc), that the state
22may contract for the purposes of s. 281.58 and this section the clean water fund
23program
.
AB188,24,2524 3. The amount of revenue obligations, authorized under sub. (4) (f), that may
25be issued for the purposes specified in s. 25.43 (3) of the clean water fund program.
AB188,25,3
1(b) (intro.) The amount of present value of the subsidy for the clean water fund
2program
that is required to be specified under par. (c) (a) 1. and approved by the
3legislature under this paragraph is as follows:
AB188,25,114 (c) The department of administration may allocate amounts approved under
5par. (d) (b) as the present value of subsidies for financial assistance under this section
6and s. 281.58
the clean water fund program, including financial hardship assistance
7and assistance for the additional costs of approved projects. The department of
8administration may allocate amounts from the amount approved under par. (d) (b)
9for a biennium until December 30 of the fiscal year immediately following the
10biennium for projects for which complete applications under s. 281.58 (9) (a) are
11submitted before the end of the biennium.
AB188,25,1612 (d) The department may expend, for financial assistance in a biennium other
13than financial hardship assistance under s. 281.58 (13) (e), an amount up to 85% of
14the amount approved by the legislature under par. (d) (b). The department may
15expend such amount only from the percentage of the amount approved under par. (d)
16(b) that is not available under par. (f) (e) for financial hardship assistance.
AB188,25,2117 (e) The department may expend, for financial hardship assistance in a
18biennium under s. 281.58 (13) (e), an amount up to 15% of the amount approved by
19the legislature under par. (d) (b) for that biennium. The department may expend
20such amount only from the percentage of the amount approved by the legislature
21under par. (d) (b) that is not available under par. (e) (d) for financial assistance.
AB188,26,222 (f) Using the amount approved under par. (d) (b) as a base, the department of
23administration shall calculate the present value of the actual subsidy of each clean
24water fund program loan or grant to be made for those projects in each biennium that

1are approved for financial assistance by the 2 departments. The present value shall
2be discounted as provided under par. sub. (3) (a) 6.
AB188, s. 96 3Section 96. 281.59 (3) (j) of the statutes is amended to read:
AB188,26,94 281.59 (3) (j) No later than November 1 of each odd-numbered year, the
5department of administration and the department jointly shall submit a report, to
6the building commission and committees as required under par. (bm), on the
7implementation of the amount established under par. (d) sub. (3e) (b) as required
8under s. 281.58 (9m) (e), and on the operations and activities of the clean water fund
9program and the safe drinking water loan program for the previous biennium.
AB188, s. 97 10Section 97. 281.59 (3e) (title) of the statutes is created to read:
AB188,26,1111 281.59 (3e) (title) Clean water fund program expenditures.
AB188, s. 98 12Section 98. 281.59 (3s) of the statutes is created to read:
AB188,26,1613 281.59 (3s) Safe drinking water loan program expenditures. (a) No moneys
14may be expended for the safe drinking water loan program in a biennium until the
15legislature reviews and approves all of the following as part of the biennial budget
16act for the biennium:
AB188,26,1917 1. An amount of present value of the subsidy for the safe drinking water loan
18program that is specified for that biennium under par. (b) and is based on the amount
19included in the biennial finance plan under sub. (3) (a) 6m.
AB188,26,2120 2. The amount of public debt, authorized under s. 20.866 (2) (td), that the state
21may contract for the purposes of the safe drinking water loan program.
AB188,26,2322 (b) The amount of present value of the subsidy for the safe drinking water loan
23program that is approved by the legislature under this paragraph is as follows:
AB188,26,2424 1. Equal to $18,000,000 during the 1997-99 biennium.
AB188,26,2525 2. Equal to $1,000 for any biennium after the 1997-99 biennium.
AB188,27,3
1(c) The department of administration may allocate amounts approved under
2par. (b) as the present value of subsidies for financial assistance under the safe
3drinking water program.
AB188,27,84 (d) Using the amount approved under par. (b) as a base, the department of
5administration shall calculate the present value of the actual subsidy of each safe
6drinking water loan made for those projects in each biennium that are approved for
7financial assistance. The present value shall be discounted as provided under sub.
8(3) (a) 6m.
AB188, s. 99 9Section 99. 281.59 (4) (am) of the statutes is amended to read:
AB188,27,1410 281.59 (4) (am) Deposits, appropriations or transfers to the clean water
11environmental improvement fund for the purposes specified in s. 25.43 (3) of the
12clean water fund program
may be funded with the proceeds of revenue obligations
13issued subject to and in accordance with subch. II of ch. 18 or in accordance with
14subch. IV of ch. 18 if designated a higher education bond.
AB188, s. 100 15Section 100. 281.59 (4) (c) of the statutes is amended to read:
AB188,27,2516 281.59 (4) (c) The building commission may pledge any portion of revenues
17received or to be received in the fund established in par. (b) or the clean water
18environmental improvement fund to secure revenue obligations issued under this
19subsection. The pledge shall provide for the transfer to the clean water
20environmental improvement fund of all pledged revenues, including any interest
21earned on the revenues, which are in excess of the amounts required to be paid under
22s. 20.320 (1) (c) and (u) for the purposes specified in s. 25.43 (3) of the clean water fund
23program
. The pledge shall provide that the transfers be made at least twice yearly,
24that the transferred amounts be deposited in the clean water environmental
25improvement
fund and that the transferred amounts are free of any prior pledge.
AB188, s. 101
1Section 101. 281.59 (9) (a), (am) and (b) (intro.) and 1. of the statutes are
2amended to read:
AB188,28,93 281.59 (9) (a) A loan approved under this section and s. 281.58 the clean water
4fund program or the safe drinking water loan program
shall be for no longer than 20
5years, as determined by the department of administration, be fully amortized not
6later than 20 years after the original date of the note, and require the repayment of
7principal and interest, if any, to begin not later than 12 months after the expected
8date of completion of the project that it funds, as determined by the department of
9administration.
AB188,28,1910 (am) The department of administration, in consultation with the department,
11may establish those terms and conditions of a financial assistance agreement that
12relate to its financial management, including what type of municipal obligation, as
13set forth under s. 66.36, is required for the repayment of the financial assistance.
14Any terms and conditions established under this paragraph by the department of
15administration shall comply with the requirements of this section and s. 281.58 or
16281.61
. In setting such the terms and conditions, the department of administration
17may consider factors that the department of administration finds are relevant,
18including the type of municipal obligation evidencing the loan, the pledge of security
19for the municipal obligation and the municipality's applicant's creditworthiness.
AB188,28,2220 (b) (intro.) As a condition of receiving financial assistance under this section
21and s. 281.58, a municipality
the clean water fund program or the safe drinking
22water loan program, an applicant
shall do all of the following:
AB188,28,2423 1. Pledge the security, if any, required by the rules promulgated by the
24department of administration under this section and s. 281.58 or 281.61.
AB188, s. 102 25Section 102. 281.59 (11) of the statutes is amended to read:
AB188,29,6
1281.59 (11) Financial assistance payments. (a) The department of natural
2resources and the department of administration may enter into a financial
3assistance agreement with a municipality an applicant for which the department of
4administration has allocated subsidy under s. 281.58 (9m) or 281.61 (8) if the
5municipality applicant meets the conditions under sub. (9) and s. 281.58 (14) and the
6other requirements under this section and s. 281.58 or 281.61.
AB188,29,107 (am) The department of administration shall make the financial assistance
8payments to a municipality which an applicant that has entered into a financial
9assistance agreement under par. (a) or to the municipality's applicant's designated
10agent.
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