16,3095
Section 3095. 231.215 of the statutes is created to read:
231.215 Incorporator for purpose related to purchase or sale of right to payments. The authority, or its executive director, may organize one or more nonstock corporations under ch. 181 or limited liability companies under ch. 183 for any purpose related to purchasing or selling the state's right to receive any of the payments under the tobacco settlement agreement and may take any action necessary to facilitate and complete the purchase or sale.
16,3095j
Section 3095j. 232.05 (2) (d) of the statutes is amended to read:
232.05 (2) (d) Seek to enter into contracts for the purchase of goods and services with minority businesses that are certified by the department of commerce under s. 560.036 (2).
16,3095r
Section 3095r. 233.10 (2) (b) of the statutes is amended to read:
233.10 (2) (b) The kinds of leave to which an employee of the authority is entitled, including paid annual leave of absence, paid sick leave, and unpaid leave of absence, except that unused sick leave accumulated prior to July 1, 1997, shall be carried over and made available for the employee's use for appropriate sick leave purposes or for conversion as provided under s. 40.05 (4) (b), (bd), (be), (bm), or (bp).
16,3096
Section 3096. 233.27 of the statutes is amended to read:
233.27 Limit on the amount of outstanding bonds. The authority may not issue bonds or incur indebtedness described under s. 233.03 (12) if, after the bonds are issued or the indebtedness is incurred, the aggregate principal amount of the authority's outstanding bonds, together with all indebtedness described under s. 233.03 (12) would exceed $106,500,000 $175,000,000. Bonds issued to fund or refund outstanding bonds, or indebtedness incurred to pay off or purchase outstanding indebtedness, is not included in calculating compliance with the $106,500,000 $175,000,000 limit.
16,3097e
Section 3097e. 234.01 (4n) (a) 3m. d. of the statutes is amended to read:
234.01 (4n) (a) 3m. d. The facility is owned or controlled by a minority business that is certified by the department of commerce under s. 560.036 (2) or that is more than 50% owned or controlled by women or minorities.
16,3098v
Section 3098v. 234.65 (1) (g) of the statutes is amended to read:
234.65 (1) (g) In granting loans under this section the authority shall give preference to businesses which
that are minority businesses certified by the department of commerce under s. 560.036 (2) or that are more than 50% owned or controlled by women or minorities, to businesses that, together with all of their affiliates, subsidiaries, and parent companies, have current gross annual sales of $5,000,000 or less or that employ 25 or fewer persons, and to new businesses that have less than 50% of their ownership held or controlled by another business and have their principal business operations in this state.
234.65 (3) (f) The name of the person receiving the loan does not appear on the statewide support lien docket under s. 49.854 (2) (b). The condition under this paragraph is met for a person whose name does appear if or, if the person's name appears on that docket, the person provides to the authority a payment agreement that has been approved by the county child support agency under s. 59.53 (5) and that is consistent with rules promulgated under s. 49.858 (2) (a).
16,3100
Section 3100. 234.67 (1) (f) of the statutes is amended to read:
234.67 (1) (f) "Percentage of guarantee" means the percentage established by the authority under sub. (3) (a).
16,3101
Section 3101. 234.67 (3) (a) of the statutes is renumbered 234.67 (3) and amended to read:
234.67 (3) Guarantee of collection.
Subject to par. (b), the The authority shall guarantee collection of a percentage, not exceeding 90%, of the principal of any loan eligible for a guarantee under sub. (2). The authority shall establish the percentage of the unpaid principal of an eligible loan that will be guaranteed, using the procedures described in the guarantee agreement under s. 234.93 (2) (a). The authority may establish a single percentage for all guaranteed loans or establish different percentages for eligible loans on an individual basis.
16,3102
Section 3102. 234.67 (3) (b) of the statutes is repealed.
16,3103
Section 3103. 234.83 (1) of the statutes is renumbered 234.83 (1m).
16,3104
Section 3104. 234.83 (1c) of the statutes is created to read:
234.83 (1c) Definitions. In this section:
(a) "Rural community" means any of the following:
1. A city, town, or village in this state that is located in a county with a population density of less than 150 persons per square mile.
2. A city, town, or village in this state with a population of 12,000 or less.
(b) "Small business" means a business, as defined in s. 560.60 (2), that employs 50 or fewer employees on a full-time basis.
16,3105
Section 3105. 234.83 (2) (a) (intro.) of the statutes is amended to read:
234.83 (2) (a) (intro.) A business, as defined in s. 560.60 (2), to which all of the following apply:
16,3106
Section 3106. 234.83 (2) (a) 2. of the statutes is amended to read:
234.83 (2) (a) 2. The business employs 50 or fewer employees on a full-time basis is a small business.
234.83 (2) (a) 3. The name of the owner of the business does not appear on the statewide support lien docket under s. 49.854 (2) (b). The condition under this subdivision is met for an owner whose name does appear if or, if the name of the owner of the business appears on that docket, the owner of the business provides to the authority a payment agreement that has been approved by the county child support agency under s. 59.53 (5) and that is consistent with rules promulgated under s. 49.858 (2) (a).
16,3108
Section 3108. 234.83 (3) (a) 2. of the statutes is amended to read:
234.83 (3) (a) 2. The start-up, expansion or acquisition of a day care business, including the purchase or improvement of land, buildings, machinery, equipment, or inventory.
16,3109
Section 3109. 234.83 (3) (a) 3. of the statutes is created to read:
234.83 (3) (a) 3. The start-up of a small business in a vacant storefront in the downtown area of a rural community, including the purchase or improvement of land, buildings, machinery, equipment, or inventory.
16,3110
Section 3110. 234.83 (4) (a) of the statutes is renumbered 234.83 (4) and amended to read:
234.83 (4) Guarantee of repayment.
Subject to par. (b), the The authority may guarantee repayment of a portion of the principal of any loan eligible for a guarantee under sub. (1) (1m). That portion may not exceed 80% of the principal of the loan or $200,000, whichever is less. The authority shall establish the portion of the principal of an eligible loan that will be guaranteed, using the procedures described in the agreement under s. 234.93 (2) (a). The authority may establish a single portion for all guaranteed loans that do not exceed $250,000 and a single portion for all guaranteed loans that exceed $250,000 or establish on an individual basis different portions for eligible loans that do not exceed $250,000 and different portions for eligible loans that exceed $250,000.
16,3111
Section 3111. 234.83 (4) (b) of the statutes is repealed.
234.90 (3) (d) The farmer's name does not appear on the statewide support lien docket under s. 49.854 (2) (b). The condition under this paragraph is met for a farmer whose name does appear if or, if the farmer's name appears on that docket, the farmer provides to the authority a payment agreement that has been approved by the county child support agency under s. 59.53 (5) and that is consistent with rules promulgated under s. 49.858 (2) (a).
234.90 (3g) (c) The farmer's name does not appear on the statewide support lien docket under s. 49.854 (2) (b). The condition under this paragraph is met for a farmer whose name does appear if or, if the farmer's name appears on that docket, the farmer provides to the authority a payment agreement that has been approved by the county child support agency under s. 59.53 (5) and that is consistent with rules promulgated under s. 49.858 (2) (a).
16,3114
Section 3114. 234.90 (4) (a) of the statutes is renumbered 234.90 (4) and amended to read:
234.90 (4) Guarantee. Except as provided in par. (b), the The authority shall guarantee repayment of 90% of the principal of any agricultural production loan eligible for guarantee under sub. (2) made to a farmer eligible for a guaranteed loan under sub. (3) or (3g).
16,3115
Section 3115. 234.90 (4) (b) of the statutes is repealed.
16,3117
Section 3117. 234.907 (1) (f) of the statutes is amended to read:
234.907 (1) (f) "Percentage of guarantee" means the percentage established by the authority under sub. (3) (a).
16,3118
Section 3118. 234.907 (3) (a) of the statutes is renumbered 234.907 (3) and amended to read:
234.907 (3) Guarantee of collection.
Subject to par. (b), the The authority shall guarantee collection of a percentage, not exceeding 90%, of the principal of any loan eligible for a guarantee under sub. (2). The authority shall establish the percentage of the unpaid principal of an eligible loan that will be guaranteed, using the procedures described in the guarantee agreement under s. 234.93 (2) (a). The authority may establish a single percentage for all guaranteed loans or establish different percentages for eligible loans on an individual basis.
16,3119
Section 3119. 234.907 (3) (b) of the statutes is repealed.
16,3120
Section 3120. 234.91 (5) (a) of the statutes is amended to read:
234.91 (5) (a) Subject to par. (c), the The authority shall guarantee collection of a percentage of the principal of a loan eligible for a guarantee under sub. (2). The principal amount of an eligible loan that the authority may guarantee may not exceed the borrower's net worth or 25% of the total loan amount, whichever is less, calculated at the time the loan is made.
16,3121
Section 3121. 234.91 (5) (c) of the statutes is repealed.
16,3122
Section 3122. 234.93 (3) (title) of the statutes is amended to read:
234.93 (3) (title) Increases or decreases in loan Loan guarantees; increases or decreases.
16,3123
Section 3123. 234.93 (3) of the statutes is renumbered 234.93 (3) (b) and amended to read:
234.93 (3) (b) The authority may request the joint committee on finance to take action under s. 13.10 to permit the authority to increase or decrease the total principal amount or total outstanding guaranteed principal amount of loans that it may guarantee under a program the aggregate of the programs guaranteed by the Wisconsin development reserve fund. Included with its request, the authority shall provide a projection, for the next June 30, that compares the amounts required on that date to pay outstanding claims and to fund guarantees under all the aggregate of the programs guaranteed by funds from the Wisconsin development reserve fund, and the balance remaining in the Wisconsin development reserve fund on that date after deducting such amounts, if the increase or decrease is approved, with such amounts and the balance remaining, if the increase or decrease is not approved.
16,3124
Section 3124. 234.93 (3) (a) of the statutes is created to read:
234.93 (3) (a) Except as provided in par. (b), the total principal amount or total outstanding guaranteed principal amount of all loans that the authority may guarantee under the aggregate of the programs guaranteed by funds from the Wisconsin development reserve fund, excluding the program under s. 234.935, 1997 stats., may not exceed $49,500,000.
16,3125c
Section 3125c. 234.93 (4) (c) of the statutes is created to read:
234.93 (4) (c) 1. The statement under par. (b) shall include recommendations as to the total principal amount or total outstanding guaranteed principal amount of all loans that the authority may guarantee under each of the programs guaranteed by the Wisconsin development reserve fund, subject to sub. (3). If the cochairpersons of the joint committee on finance do not notify the executive director within 14 working days after August 31 that the committee has scheduled a meeting for the purpose of reviewing the recommended maximum amounts, the recommended maximum amounts shall be the total principal amounts or total outstanding guaranteed principal amounts of all loans that the authority may guarantee under each of the programs guaranteed by the Wisconsin development reserve fund. If, within 14 working days after August 31, the cochairpersons of the committee notify the executive director that the committee has scheduled a meeting for the purpose of reviewing the recommended maximum amounts, the maximum amounts that the authority may guarantee under each of the programs guaranteed by the Wisconsin development reserve fund shall be the maximum amounts approved by the committee.
2. If the total principal amount or total outstanding guaranteed principal amount of all loans that the authority desires or intends to guarantee under a program guaranteed by the Wisconsin development reserve fund will exceed the maximum amount that was last approved for the program under subd. 1., the executive director of the authority shall provide to the secretary of administration and to the joint committee on finance notice of the proposed new maximum guarantee amounts for each of the programs guaranteed by the Wisconsin development reserve fund, subject to sub. (3). If the cochairpersons of the joint committee on finance do not notify the executive director within 14 working days after the date of the notice under this subdivision that the committee has scheduled a meeting for the purpose of reviewing the proposed new maximum amounts, the proposed new maximum amounts shall apply. If, within 14 working days after the date of the notice under this subdivision, the cochairpersons of the committee notify the executive director that the committee has scheduled a meeting for the purpose of reviewing the proposed new maximum amounts, the new maximum amounts that the authority may guarantee shall be the maximum amounts approved by the committee.
16,3126
Section 3126. 234.93 (4m) of the statutes is amended to read:
234.93 (4m) Limitation on loan guarantees. The authority shall regularly monitor the cash balance in the Wisconsin development reserve fund. The authority shall ensure that the cash balance in the fund is sufficient for the purposes specified in sub. (4) (a) 1. and, 2., and 3.
16,3127b
Section 3127b. 236.02 (2m) of the statutes is created to read:
236.02 (2m) "Correction instrument" means an instrument drafted by a licensed land surveyor that complies with the requirements of s. 236.295 and that, upon recording, corrects a subdivision plat or a certified survey map.
16,3127bm
Section 3127bm. 236.15 (1) (a) of the statutes is amended to read:
236.15 (1) (a) The external boundaries of a subdivision shall be monumented in the field by monuments of concrete containing a ferrous rod one-fourth inch in diameter or greater imbedded its full length, not less than 30 18 inches in length, not less than 4 inches square or 5 inches in diameter, and marked on the top with a cross, brass plug, iron rod, or other durable material securely embedded; or by iron rods or pipes at least 30 18 inches long and 2 inches in diameter weighing not less than 3.65 pounds per lineal foot. Solid round or square iron bars of equal or greater length or weight per foot may be used in lieu of pipes wherever pipes are specified in this section. These monuments shall be placed at all corners, at each end of all curves, at the point where a curve changes its radius, at all angle points in any line and at all angle points along the meander line, said points to be not less than 20 feet back from the ordinary high water mark of the lake or from the bank of the stream, except that when such corners or points fall within a street, or proposed future street, the monuments shall be placed in the side line of the street.
16,3127c
Section 3127c. 236.15 (1) (c) of the statutes is amended to read:
236.15 (1) (c) All lot, outlot, park and public access corners and the corners of land dedicated to the public shall be monumented in the field by iron pipes at least 24 18 inches long and one inch in diameter, weighing not less than 1.13 pounds per lineal foot, or by round or square iron bars at least 24 18 inches long and weighing not less than 1.13 pounds per lineal foot.
16,3127cm
Section 3127cm. 236.15 (1) (d) of the statutes is amended to read:
236.15 (1) (d) The lines of lots, outlots, parks and public access and land dedicated to the public that extend to lakes or streams shall be monumented in the field by iron pipes at least 24 18 inches long and one inch in diameter weighing not less than 1.13 pounds per lineal foot, or by round or square iron bars at least 24 18 inches long and weighing not less than 1.13 pounds per lineal foot. These monuments shall be placed at the point of intersection of the lake or stream lot line with a meander line established not less than 20 feet back from the ordinary high water mark of the lake or from the bank of the stream.
16,3127d
Section 3127d. 236.15 (1) (f) of the statutes is amended to read:
236.15 (1) (f) Any durable metal or concrete monuments may be used in lieu of the iron pipes listed in pars. (c) and (d) provided that they are uniform within the platted area and have a permanent magnet embedded near the top or bottom or both.
16,3127dm
Section 3127dm. 236.18 (2) (d) of the statutes is created to read:
236.18 (2) (d) A county coordinate system as approved by the department of transportation or a coordinate system that is mathematically relatable to a Wisconsin coordinate system.
16,3127e
Section 3127e. 236.20 (1) (b) of the statutes is amended to read:
236.20 (1) (b) For processing under s. 236.12 (6) the original shall be on muslin-backed white paper 22 inches wide by 30 inches long prepared with nonfading black image. These sheets may be provided by the county through the register of deeds on such terms as the county board determines and on any material that is capable of clearly legible reproduction.
16,3127em
Section 3127em. 236.20 (1) (c) of the statutes is amended to read:
236.20 (1) (c) For processing under s. 236.12 (2), the original copy of the final plat may be of any size
shall be 22 inches wide by 30 inches long and on any material that is capable of clearly legible reproduction.
16,3127f
Section 3127f. 236.20 (2) (b) of the statutes is amended to read:
236.20 (2) (b) All monuments erected, corners, and other points established in the field in their proper places. The material of which the monuments, corners, or other points are made shall be noted at the representation thereof or by legend, except lot, outlot, and meander corners need not be shown. The legend for metal monuments shall indicate the kind of metal, the outside diameter, length, and weight per lineal foot of the monuments.
16,3127fm
Section 3127fm. 236.20 (2) (e) of the statutes is amended to read:
236.20 (2) (e) All lots and outlots in each block consecutively numbered within blocks and the subdivision and throughout numbered additions to the subdivision.
16,3127g
Section 3127g. 236.21 (1) (b) of the statutes is amended to read:
236.21 (1) (b) A clear and concise description of the land surveyed, divided, and mapped by government lot, recorded private claim, quarter-quarter section, section, township, range, and county and by metes and bounds commencing with a monument at a section or quarter section corner of the quarter section and that is not at the center of the section, or commencing with a monument at the end of a boundary line of a recorded private claim or federal reservation in which the subdivision is located. If the land is located in a recorded subdivision or recorded addition thereto, the land shall be described by the number or other description of the lot, block or subdivision thereof, that has previously been tied to a corner marked and established by the U.S. public land survey.
16,3127gm
Section 3127gm. 236.25 (2) (b) of the statutes is amended to read:
236.25 (2) (b) The plat is offered for record within
30 days 6 months after the date of the last approval of the plat and within 24 months after the first approval;
