SB77,1419,1715 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.
SB77, s. 3542 18Section 3542. 281.59 (2m) (title) of the statutes is amended to read:
SB77,1419,2019 281.59 (2m) (title) Investment management; clean water environmental
20improvement
fund.
SB77, s. 3543 21Section 3543. 281.59 (2m) (a) 1. of the statutes is amended to read:
SB77,1419,2522 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.
SB77, s. 3544
1Section 3544. 281.59 (2m) (b) 1. of the statutes is amended to read:
SB77,1420,32 281.59 (2m) (b) 1. The action provides a financial benefit to the clean water
3environmental improvement fund.
SB77, s. 3545 4Section 3545. 281.59 (2m) (b) 2. of the statutes is amended to read:
SB77,1420,65 281.59 (2m) (b) 2. The action does not contradict or weaken the purposes of the
6clean water environmental improvement fund.
SB77, s. 3546 7Section 3546. 281.59 (3) (a) 1. of the statutes is amended to read:
SB77,1420,108 281.59 (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.
SB77, s. 3547 11Section 3547. 281.59 (3) (a) 2. of the statutes is amended to read:
SB77,1420,1412 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.
SB77, s. 3548 15Section 3548. 281.59 (3) (a) 4. of the statutes is repealed and recreated to read:
SB77,1420,1716 281.59 (3) (a) 4. A chart showing detailed projected sources and uses of funds
17for projects under subd. 1. during the next biennium.
SB77, s. 3549 18Section 3549. 281.59 (3) (a) 5. of the statutes is amended to read:
SB77,1420,2419 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
.
SB77, s. 3550 25Section 3550. 281.59 (3) (a) 5m. of the statutes is amended to read:
SB77,1421,3
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.
SB77, s. 3551 4Section 3551. 281.59 (3) (a) 6. of the statutes is amended to read:
SB77,1421,95 281.59 (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.
SB77, s. 3552 10Section 3552. 281.59 (3) (a) 6e. of the statutes is created to read:
SB77,1421,1411 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.
SB77, s. 3553 15Section 3553. 281.59 (3) (a) 6m. of the statutes is created to read:
SB77,1421,1916 281.59 (3) (a) 6m. An amount equal to the estimated present value of subsidies
17for all loans under the safe drinking water loan program to be made during the
18biennium for which the biennial finance plan is prepared, discounted at a rate of 7%
19per year to the first day of that biennium.
SB77, s. 3554 20Section 3554. 281.59 (3) (a) 7. of the statutes is amended to read:
SB77,1421,2221 281.59 (3) (a) 7. A discussion of the assumptions made in calculating the
22amount amounts under subd. subds. 6., 6e. and 6m.
SB77, s. 3555 23Section 3555. 281.59 (3) (a) 8. of the statutes is amended to read:
SB77,1421,2524 281.59 (3) (a) 8. The amount and description of any service fee expected to be
25charged during the next biennium under this section to an applicant.
SB77, s. 3556
1Section 3556. 281.59 (3) (b) of the statutes is amended to read:
SB77,1422,62 281.59 (3) (b) The department of administration and the department shall
3consider as a guideline in preparing the portion of the biennial finance plan for the
4clean water fund program
that all state water pollution abatement general
5obligation debt service costs should not exceed 50% of all general obligation debt
6service costs to the state.
SB77, s. 3557 7Section 3557. 281.59 (3) (c), (d), (dm), (e), (f) and (i) of the statutes are
8renumbered 281.59 (3e) (a), (b), (c), (d), (e) and (f) and amended to read:
SB77,1422,119 281.59 (3e) (a) No moneys from the clean water fund may be expended for the
10clean water fund program
in a biennium until the legislature reviews and approves
11all of the following as part of the biennial budget act for the biennium:
SB77,1422,1412 1. An amount of present value of the subsidy for the clean water fund program
13that is specified for that biennium under par. (d) (b) and is based on the amount
14included in the biennial finance plan under par. sub. (3) (a) 6.
SB77,1422,1715 2. The amount of public debt, authorized under s. 20.866 (2) (tc), that the state
16may contract for the purposes of s. 281.58 and this section the clean water fund
17program
.
SB77,1422,1918 3. The amount of revenue obligations, authorized under sub. (4) (f), that may
19be issued for the purposes specified in s. 25.43 (3) of the clean water fund program.
SB77,1422,2220 (b) The amount of present value of the subsidy for the clean water fund program
21that is required to be specified under par. (c) (a) 1. and approved by the legislature
22under this paragraph is as follows:
SB77,1422,2323 1. Equal to $83,400,000 $82,400,000 during the 1995-97 1997-99 biennium.
SB77,1422,2424 3. Equal to $1,000 for any biennium after the 1995-97 1997-99 biennium.
SB77,1423,8
1(c) The department of administration may allocate amounts approved under
2par. (d) (b) as the present value of subsidies for financial assistance under this section
3and s. 281.58
the clean water fund program, including financial hardship assistance
4and assistance for the additional costs of approved projects. The department of
5administration may allocate amounts from the amount approved under par. (d) (b)
6for a biennium until December 30 of the fiscal year immediately following the
7biennium for projects for which complete applications under s. 281.58 (9) (a) are
8submitted before the end of the biennium.
SB77,1423,139 (d) The department may expend, for financial assistance in a biennium other
10than financial hardship assistance under s. 281.58 (13) (e), an amount up to 85% of
11the amount approved by the legislature under par. (d) (b). The department may
12expend such amount only from the percentage of the amount approved under par. (d)
13(b) that is not available under par. (f) (e) for financial hardship assistance.
SB77,1423,1814 (e) The department may expend, for financial hardship assistance in a
15biennium under s. 281.58 (13) (e), an amount up to 15% of the amount approved by
16the legislature under par. (d) (b) for that biennium. The department may expend
17such amount only from the percentage of the amount approved by the legislature
18under par. (d) (b) that is not available under par. (e) (d) for financial assistance.
SB77,1423,2319 (f) Using the amount approved under par. (d) (b) as a base, the department of
20administration shall calculate the present value of the actual subsidy of each clean
21water fund program loan or grant to be made for those projects in each biennium that
22are approved for financial assistance by the 2 departments. The present value shall
23be discounted as provided under par. sub. (3) (a) 6.
SB77, s. 3558 24Section 3558. 281.59 (3) (j) of the statutes is amended to read:
SB77,1424,7
1281.59 (3) (j) No later than November 1 of each odd-numbered year, the
2department of administration and the department jointly shall submit a report, to
3the building commission and committees as required under par. (bm), on the
4implementation of the amount established under par. (d) sub. (3e) (b) as required
5under s. 281.58 (9m) (e), and on the operations and activities of the clean water fund
6program, the safe drinking water loan program and the land recycling loan program
7for the previous biennium.
SB77, s. 3559 8Section 3559. 281.59 (3e) (title) of the statutes is created to read:
SB77,1424,99 281.59 (3e) (title) Clean water fund program expenditures.
SB77, s. 3560 10Section 3560. 281.59 (3m) of the statutes is created to read:
SB77,1424,1611 281.59 (3m) Land recycling loan program expenditures. (a) No moneys may
12be expended for the land recycling loan program in a biennium until the legislature
13reviews and approves, as part of the biennial budget act for the biennium, an amount
14of present value of the subsidy for the land recycling loan program that is specified
15for that biennium under par. (b) and is based on the amount included in the biennial
16finance plan under sub. (3) (a) 6e.
SB77,1424,1817 (b) The amount of present value of the subsidy for the land recycling loan
18program that is approved by the legislature under this paragraph is as follows:
SB77,1424,1919 1. Equal to $4,500,000 during the 1997-99 biennium.
SB77,1424,2020 2. Equal to $1,000 for any biennium after the 1997-99 biennium.
SB77,1424,2321 (c) The department of administration may allocate amounts approved under
22par. (b) as the present value of subsidies for financial assistance under the land
23recycling program.
SB77,1425,324 (d) Using the amount approved under par. (b) as a base, the department of
25administration shall calculate the present value of the actual subsidy of each land

1recycling loan made for those projects in each biennium that are approved for
2financial assistance. The present value shall be discounted as provided under sub.
3(3) (a) 6e.
SB77, s. 3561 4Section 3561. 281.59 (3s) of the statutes is created to read:
SB77,1425,85 281.59 (3s) Safe drinking water loan program expenditures. (a) No moneys
6may be expended for the safe drinking water loan program in a biennium until the
7legislature reviews and approves all of the following as part of the biennial budget
8act for the biennium:
SB77,1425,119 1. An amount of present value of the subsidy for the safe drinking water loan
10program that is specified for that biennium under par. (b) and is based on the amount
11included in the biennial finance plan under sub. (3) (a) 6m.
SB77,1425,1312 2. The amount of public debt, authorized under s. 20.866 (2) (td), that the state
13may contract for the purposes of the safe drinking water loan program.
SB77,1425,1514 (b) The amount of present value of the subsidy for the safe drinking water loan
15program that is approved by the legislature under this paragraph is as follows:
SB77,1425,1616 1. Equal to $18,000,000 during the 1997-99 biennium.
SB77,1425,1717 2. Equal to $1,000 for any biennium after the 1997-99 biennium.
SB77,1425,2018 (c) The department of administration may allocate amounts approved under
19par. (b) as the present value of subsidies for financial assistance under the safe
20drinking water program.
SB77,1425,2521 (d) Using the amount approved under par. (b) as a base, the department of
22administration shall calculate the present value of the actual subsidy of each safe
23drinking water loan made for those projects in each biennium that are approved for
24financial assistance. The present value shall be discounted as provided under sub.
25(3) (a) 6m.
SB77, s. 3562
1Section 3562. 281.59 (4) (am) of the statutes is amended to read:
SB77,1426,62 281.59 (4) (am) Deposits, appropriations or transfers to the clean water
3environmental improvement fund for the purposes specified in s. 25.43 (3) of the
4clean water fund program
may be funded with the proceeds of revenue obligations
5issued subject to and in accordance with subch. II of ch. 18 or in accordance with
6subch. IV of ch. 18 if designated a higher education bond.
SB77, s. 3563 7Section 3563. 281.59 (4) (c) of the statutes is amended to read:
SB77,1426,178 281.59 (4) (c) The building commission may pledge any portion of revenues
9received or to be received in the fund established in par. (b) or the clean water
10environmental improvement fund to secure revenue obligations issued under this
11subsection. The pledge shall provide for the transfer to the clean water
12environmental improvement fund of all pledged revenues, including any interest
13earned on the revenues, which are in excess of the amounts required to be paid under
14s. 20.320 (1) (c) and (u) for the purposes specified in s. 25.43 (3) of the clean water fund
15program
. The pledge shall provide that the transfers be made at least twice yearly,
16that the transferred amounts be deposited in the clean water environmental
17improvement
fund and that the transferred amounts are free of any prior pledge.
SB77, s. 3564 18Section 3564. 281.59 (9) (a), (am) and (b) (intro.) and 1. of the statutes are
19amended to read:
SB77,1427,220 281.59 (9) (a) A loan approved under this section and s. 281.58 the clean water
21fund program, the safe drinking water loan program or the land recycling loan
22program
shall be for no longer than 20 years, as determined by the department of
23administration, be fully amortized not later than 20 years after the original date of
24the note, and require the repayment of principal and interest, if any, to begin not later

1than 12 months after the expected date of completion of the project that it funds, as
2determined by the department of administration.
SB77,1427,133 (am) The department of administration, in consultation with the department,
4may establish those terms and conditions of a financial assistance agreement that
5relate to its financial management, including what type of municipal obligation, as
6set forth under s. 66.36, is required for the repayment of the financial assistance.
7Any terms and conditions established under this paragraph by the department of
8administration shall comply with the requirements of this section and s. 281.58,
9281.60 or 281.61
. In setting such the terms and conditions, the department of
10administration may consider factors that the department of administration finds are
11relevant, including the type of municipal obligation evidencing the loan, the pledge
12of security for the municipal obligation and the municipality's applicant's
13creditworthiness.
SB77,1427,1714 (b) (intro.) As a condition of receiving financial assistance under this section
15and s. 281.58, a municipality
the clean water fund program, the safe drinking water
16loan program or the land recycling loan program, an applicant
shall do all of the
17following:
SB77,1427,1918 1. Pledge the security, if any, required by the rules promulgated by the
19department of administration under this section and s. 281.58, 281.60 or 281.61.
SB77, s. 3565 20Section 3565. 281.59 (11) of the statutes is amended to read:
SB77,1428,221 281.59 (11) Financial assistance payments. (a) The department of natural
22resources and the department of administration may enter into a financial
23assistance agreement with a municipality an applicant for which the department of
24administration 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.
SB77,1428,63 (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.
SB77,1428,157 (b) If a municipality fails to make a principal repayment or interest payment
8after its due date, the department of administration shall place on file a certified
9statement of all amounts due under this section and s. 281.58, 281.60 or 281.61.
10After consulting the department, the department of administration may collect all
11amounts due by deducting those amounts from any state payments due the
12municipality or may add a special charge to the amount of taxes apportioned to and
13levied upon the county under s. 70.60. If the department of administration collects
14amounts due, it shall remit those amounts to the fund to which they are due and
15notify the department of that action.
SB77,1428,2016 (c) The department of administration may retain the last payment under a
17financial assistance agreement until the department of natural resources and the
18department of administration determine that the project is completed and meets the
19applicable requirements of this section and s. 281.58, 281.60 or 281.61 and that the
20conditions of the financial assistance agreement are met.
SB77, s. 3566 21Section 3566. 281.59 (13m) of the statutes is amended to read:
SB77,1429,1222 281.59 (13m) Legislative moral obligation. The building commission may, at
23the time the loan is made, by resolution designate a loan made under this section and
24s. 281.58
the clean water fund program as one to which this subsection applies. If
25at any time the payments received or expected to be received from a municipality on

1any loan so designated are pledged to secure revenue obligations of the state issued
2pursuant to subch. II of ch. 18 and are insufficient to pay when due principal of and
3interest on such loan, the department of administration shall certify the amount of
4such insufficiency to the secretary of administration, the governor and the joint
5committee on finance. If the certification is received by the secretary of
6administration in an even-numbered year before the completion of the budget under
7s. 16.43, the secretary of administration shall include the certified amount in the
8budget compilation. In any event, the joint committee on finance shall introduce in
9either house, in bill form, an appropriation of the amount so requested for the
10purpose of payment of the revenue obligation secured thereby. Recognizing its moral
11obligation to do so, the legislature hereby expresses its expectation and aspiration
12that, if ever called upon to do so, it shall make the appropriation.
SB77, s. 3567 13Section 3567. 281.59 (13s) of the statutes is amended to read:
SB77,1429,1714 281.59 (13s) Powers. The department of administration may audit, or contract
15for audits of, projects receiving financial assistance under this section and s. 281.58
16the clean water fund program, the safe drinking water loan program and the land
17recycling loan program
.
SB77, s. 3568 18Section 3568. 281.59 (14) of the statutes is amended to read:
SB77,1429,2119 281.59 (14) Rules. The department of administration shall promulgate rules
20that are necessary for the proper execution of this section and of its responsibilities
21under s. ss. 281.58, 281.60 and 281.61.
SB77, s. 3569 22Section 3569. 281.60 of the statutes is created to read:
SB77,1429,23 23281.60 Land recycling loan program. (1) Definitions. In this section:
SB77,1429,2424 (a) "Landfill" has the meaning given in s. 289.01 (20).
SB77,1430,2
1(b) "Land recycling loan program" means the program administered under this
2section with financial management provided under s. 281.59.
SB77,1430,53 (c) "Market interest rate" means the interest at the effective rate of a revenue
4obligation issued by this state to fund a loan or portion of a loan for a clean water fund
5program project under s. 281.58.
SB77,1430,66 (d) "Political subdivision" means a city, village, town or county.
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