Amendment AA1-ASA1-SB55

SB55-ASA1-AA1,1012,8 192.25 (2) No person operating or controlling any railroad, as defined in s. 85.01 (5), may allow the operation of any railroad train or locomotive in this state unless the railroad train or locomotive has a crew of at least 2 individuals. One of the individuals shall be a certified railroad locomotive engineer. The other individual shall be either a certified railroad locomotive engineer or a qualified railroad trainman. A certified railroad locomotive engineer shall present in the cab and shall operate the lead control locomotive at all times that the railroad train or locomotive is in motion. The other crew member shall be present in the cab of the lead control locomotive at all times that the railroad train or locomotive is in motion, except when the railroad train or locomotive is in motion for the purpose of switching. When the railroad train or locomotive is not in motion, the other crew member may dismount the railroad train or locomotive when necessary to perform switching activities and other duties in the course of his or her job.

SB55-ASA1-AA1, s. 2972i Section 2972i. 192.25 (3) (am) of the statutes is created to read:

SB55-ASA1-AA1,1012,13 192.25 (3) (am) Subsection (2) does not apply to a railroad train or locomotive, other than a railroad train or locomotive carrying freight only, that is being operated as part of any commuter rail service operated by the state or any local governmental unit, as defined in s. 85.055 (1).

SB55-ASA1-AA1, s. 2972j Section 2972j. 192.25 (3) (b) of the statutes is amended to read:

SB55-ASA1-AA1,1012,17 192.25 (3) (b) Subsection (2) This section does not apply to the extent that it is contrary to or inconsistent with a regulation or order of the federal railroad administration.".

SB55-ASA1-AA1,1012,18 1526. Page 985, line 20: after that line insert:

SB55-ASA1-AA1,1012,19 " Section 2936n. 185.981 (4t) of the statutes is amended to read:

SB55-ASA1-AA1,1012,23 185.981 (4t) A sickness care plan operated by a cooperative association is subject to ss. 252.14, 631.17, 631.89, 631.95, 632.72 (2), 632.745 to 632.749, 632.85, 632.853, 632.855, 632.87 (2m), (3), (4), and (5), 632.872, 632.895 (10) to (14), and 632.897 (10) and chs. 149 and 155.

SB55-ASA1-AA1, s. 2936m Section 2936m. 185.983 (1) (intro.) of the statutes is amended to read:

SB55-ASA1-AA1,1013,7 185.983 (1) (intro.) Every such voluntary nonprofit sickness care plan shall be exempt from chs. 600 to 646, with the exception of ss. 601.04, 601.13, 601.31, 601.41, 601.42, 601.43, 601.44, 601.45, 611.67, 619.04, 628.34 (10), 631.17, 631.89, 631.93, 631.95, 632.72 (2), 632.745 to 632.749, 632.775, 632.79, 632.795, 632.85, 632.853, 632.855, 632.87 (2m), (3), (4), and (5), 632.872, 632.895 (5) and (9) to (14), 632.896, and 632.897 (10) and chs. 609, 630, 635, 645, and 646, but the sponsoring association shall:".

SB55-ASA1-AA1,1013,8 1527. Page 985, line 20: after that line insert:

SB55-ASA1-AA1,1013,9 " Section 2972m. 194.04 (6) of the statutes is amended to read:

SB55-ASA1-AA1,1013,12 194.04 (6) Disposition of fees collected. All moneys received under this section shall be paid into the state and local highways account in the transportation fund.

SB55-ASA1-AA1, s. 2972n Section 2972n. 194.51 of the statutes is amended to read:

SB55-ASA1-AA1,1014,2 194.51 Suit to recover protested tax. No suit shall be maintained in any court to restrain or delay the collection or payment of the taxes levied in this chapter. The aggrieved taxpayer shall pay the tax as and when due, and, if paid under protest, may at any time within 90 days from the date of such payment, sue the state in an action at law to recover the tax so paid. If it is finally determined that said tax, or any part thereof, was wrongfully collected for any reason, it shall be the duty of the department of administration to issue a warrant on the state treasurer for the amount of such tax so adjudged to have been wrongfully collected, and the treasurer shall pay the same out of the state and local highways account in the transportation fund. A separate suit need not be filed for each separate payment made by any taxpayer, but a recovery may be had in one suit for as many payments as may have been made within any 90-day period preceding the commencement of such an action. Such suits shall be commenced as provided in s. 775.01.".

SB55-ASA1-AA1,1014,3 1528. Page 985, line 20: after that line insert:

SB55-ASA1-AA1,1014,4 " Section 2943m. 186.094 (2) of the statutes is amended to read:

SB55-ASA1-AA1,1014,7 186.094 (2) Legal counsel, certified public accountants licensed or certified under ch. 442, or other persons as to matters the director or officer believes in good faith are within the person's professional or expert competence.

SB55-ASA1-AA1, s. 2952m Section 2952m. 186.15 (1) of the statutes is amended to read:

SB55-ASA1-AA1,1014,12 186.15 (1) Annual audit. Except as provided in sub. (2), the board of directors shall hire a licensed certified public accountant licensed or certified under ch. 442 or other qualified person to conduct a comprehensive annual audit of the records, accounts and affairs of the credit union.

SB55-ASA1-AA1, s. 2972d Section 2972d. 187.31 (2) of the statutes is amended to read:

SB55-ASA1-AA1,1014,17 187.31 (2) Legal counsel, certified public accountants licensed or certified under ch. 442, or other professional persons or experts employed by the incorporated Roman Catholic church, as to matters the director or officer believes in good faith are within the person's professional or expert competence.

SB55-ASA1-AA1, s. 2972g Section 2972g. 187.41 (2) of the statutes is amended to read:

SB55-ASA1-AA1,1014,22 187.41 (2) Legal counsel, certified public accountants licensed or certified under ch. 442, or other professional persons or experts employed by the religious organization, as to matters the director or officer believes in good faith are within the person's professional or expert competence.".

SB55-ASA1-AA1,1014,23 1529. Page 985, line 20: after that line insert:

SB55-ASA1-AA1,1014,24 " Section 2937. 186.01 (2) of the statutes is amended to read:

SB55-ASA1-AA1,1015,5 186.01 (2) "Credit union" means, except as specifically provided under ss. 186.41 (1) and 186.45 (1), a cooperative, nonprofit corporation, incorporated under this chapter to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

SB55-ASA1-AA1, s. 2938 Section 2938. 186.02 (2) (a) 1. of the statutes is amended to read:

SB55-ASA1-AA1,1015,8 186.02 (2) (a) 1. The conditions of residence or occupation which qualify persons that determine eligibility for membership.

SB55-ASA1-AA1, s. 2939 Section 2939. 186.02 (2) (b) 2. of the statutes is amended to read:

SB55-ASA1-AA1,1015,17 186.02 (2) (b) 2. Residents Except as otherwise provided in this subdivision, individuals who reside or are employed within a well-defined neighborhood, community or rural district and contiguous neighborhoods and communities. If the office of credit unions, subsequent to a credit union merger, determines that it would be inappropriate under the circumstances to require members of the credit union that results from the merger to reside or be employed in contiguous neighborhoods and communities, the requirement that these neighborhoods and communities be contiguous does not apply.

SB55-ASA1-AA1, s. 2940 Section 2940. 186.02 (2) (b) 2m. of the statutes is created to read:

SB55-ASA1-AA1,1015,20 186.02 (2) (b) 2m. Individuals who reside or are employed within well-defined and contiguous rural districts or multicounty regions.

SB55-ASA1-AA1, s. 2941 Section 2941. 186.02 (2) (c) of the statutes is amended to read:

SB55-ASA1-AA1,1016,2 186.02 (2) (c) Members of the immediate family of all qualified persons are eligible for membership. In this paragraph, "members of the immediate family" include the wife, husband, parents, stepchildren and children of a member whether living together in the same household or not and any other relatives of the member or spouse of a member living together in the same household as the member.

SB55-ASA1-AA1, s. 2942 Section 2942. 186.02 (2) (d) of the statutes is renumbered 186.02 (2) (d) 1. and amended to read:

SB55-ASA1-AA1,1016,8 186.02 (2) (d) 1. Organizations and associations An organization or association of individuals, the majority of whom the directors, owners, or members of which are eligible for membership, may be admitted to membership in the same manner and under the same conditions as individuals.

SB55-ASA1-AA1, s. 2943 Section 2943. 186.02 (2) (d) 2. of the statutes is created to read:

SB55-ASA1-AA1,1016,12 186.02 (2) (d) 2. An organization or association that has its principal business location within any geographic limits of the credit union's field of membership may be admitted to membership.

SB55-ASA1-AA1, s. 2994 Section 2994. 186.11 (4) (title) of the statutes is amended to read:

SB55-ASA1-AA1,1016,15 186.11 (4) (title) Investment in credit union service corporations organizations.

SB55-ASA1-AA1, s. 2945 Section 2945. 186.11 (4) (a) of the statutes is renumbered 186.11 (4) (a) (intro.) and amended to read:

SB55-ASA1-AA1,1016,21 186.11 (4) (a) (intro.) A Unless the office of credit unions approves a higher percentage, a credit union may invest not more than 1.5% of its total assets in the capital shares or obligations of a credit union service corporation organizations that satisfy all of the following:

SB55-ASA1-AA1,1016,23 2. Are organized primarily to provide goods and services to credit unions, credit union organizations, and credit union members.

SB55-ASA1-AA1, s. 2946 Section 2946. 186.11 (4) (a) 1. of the statutes is created to read:

SB55-ASA1-AA1,1017,3 186.11 (4) (a) 1. Are corporations, limited partnerships, limited liability companies, or other entities that are permitted under the laws of this state and that are approved by the office of credit unions.

SB55-ASA1-AA1, s. 2947 Section 2947. 186.11 (4) (b) (intro.) and 1. of the statutes are amended to read:

SB55-ASA1-AA1,1017,6 186.11 (4) (b) (intro.) A credit union service corporation organization under par. (a) may provide goods and services including any of the following:

SB55-ASA1-AA1,1017,12 1. Credit union operations services, including service centers, credit and debit card services, automated teller and remote terminal services, electronic transaction services, accounting systems, data processing, management training and support, payment item processing, record retention and storage, locator services, research, debt collection, credit analysis and loan servicing, coin and currency services, and marketing and advertising services.

SB55-ASA1-AA1, s. 2948 Section 2948. 186.11 (4) (c) of the statutes is amended to read:

SB55-ASA1-AA1,1017,15 186.11 (4) (c) A credit union service corporation organization may be subject to audit by the office of credit unions.

SB55-ASA1-AA1, s. 2949 Section 2949. 186.113 (1) of the statutes is amended to read:

SB55-ASA1-AA1,1017,22 186.113 (1) Branch offices. If the need and necessity exist and with With the approval of the office of credit unions, establish branch offices inside this state or no more than 25 miles or outside of this state. Permanent records may be maintained at branch offices established under this subsection. In this subsection, the term "branch office" does not include a remote terminal, a limited services office, or a service center.

SB55-ASA1-AA1, s. 2950 Section 2950. 186.113 (1m) (a) (intro.) of the statutes is amended to read:

SB55-ASA1-AA1,1018,3 186.113 (1m) (a) (intro.) Establish Before the effective date of this paragraph .... [revisor inserts date], establish limited services offices outside this state to serve any member of the credit union if all of the following requirements are met:

SB55-ASA1-AA1, s. 2951 Section 2951. 186.113 (6) (b) and (c) of the statutes are amended to read:

SB55-ASA1-AA1,1018,7 186.113 (6) (b) Act as trustees or custodians of member tax deferred retirement funds, individual retirement accounts, medical savings accounts, or other employee benefit accounts or funds permitted by federal law to be deposited in a credit union.

SB55-ASA1-AA1,1018,9 (c) Act as a depository for member-deferred member qualified and nonqualified deferred compensation funds as permitted by federal law.

SB55-ASA1-AA1, s. 2952 Section 2952. 186.113 (24) of the statutes is created to read:

SB55-ASA1-AA1,1018,12 186.113 (24) Funeral trusts. Accept deposits made by members for the purpose of funding burial agreements by trusts created pursuant to s. 445.125.

SB55-ASA1-AA1, s. 2953 Section 2953. 186.20 of the statutes is created to read:

SB55-ASA1-AA1,1018,16 186.20 Financial privacy. A credit union shall comply with any applicable requirements under 15 USC 6801 to 6803 and any applicable regulations prescribed by the national credit union administration under 15 USC 6804.

SB55-ASA1-AA1, s. 2954 Section 2954. 186.235 (7) (a) (intro.) of the statutes is amended to read:

SB55-ASA1-AA1,1018,23 186.235 (7) (a) (intro.) Employees of the office of credit unions and members of the review board shall keep secret all the facts and information obtained in the course of examinations, except or contained in any report provided by a credit union other than any semiannual or quarterly financial report that is regularly filed with the office of credit unions. This requirement does not apply in any of the following situations:

SB55-ASA1-AA1, s. 2955 Section 2955. 186.235 (7) (c) of the statutes is created to read:

SB55-ASA1-AA1,1019,6 186.235 (7) (c) If any person mentioned in par. (a) discloses any information about the private account or transactions of a credit union or any information obtained in the course of an examination of a credit union, except as provided in pars. (a) and (b), that person may be required to forfeit his or her office or position and may be fined not less than $100 nor more than $1,000, or imprisoned for not less than 6 months nor more than 3 years, or both.

SB55-ASA1-AA1, s. 2956 Section 2956. 186.235 (7m) of the statutes is created to read:

SB55-ASA1-AA1,1019,10 186.235 (7m) Return of examination reports. Examination reports possessed by a credit union are confidential, remain the property of the office of credit unions, and shall be returned to the office of credit unions immediately upon request.

SB55-ASA1-AA1, s. 2957 Section 2957. 186.235 (16) (a) of the statutes is renumbered 186.235 (16).

SB55-ASA1-AA1, s. 2958 Section 2958. 186.235 (16) (b) of the statutes is repealed.

SB55-ASA1-AA1, s. 2959 Section 2959. 186.235 (16m) of the statutes is created to read:

SB55-ASA1-AA1,1019,15 186.235 (16m) Financial privacy examination. The office of credit unions shall examine a credit union to determine the credit union's compliance with s. 186.20.

SB55-ASA1-AA1, s. 2960 Section 2960. 186.36 of the statutes is amended to read:

SB55-ASA1-AA1,1019,20 186.36 Sale of insurance in credit unions. Any officer or employee of a credit union, when acting as an agent for the sale of insurance on behalf of the credit union, shall pay all commissions received from the sale of credit life insurance or credit accident and sickness insurance to the credit union.

SB55-ASA1-AA1, s. 2961 Section 2961. 186.41 (title) of the statutes is amended to read:

SB55-ASA1-AA1,1019,23 186.41 (title) Interstate acquisition acquisitions and merger mergers of credit unions.

SB55-ASA1-AA1, s. 2962 Section 2962. 186.41 (1) (a) of the statutes is renumbered 186.41 (1) (bm) and amended to read:

SB55-ASA1-AA1,1020,2 186.41 (1) (bm) "In-state Wisconsin credit union" means a credit union having its principal office located in this state.

SB55-ASA1-AA1, s. 2963 Section 2963. 186.41 (1) (c) of the statutes is renumbered 186.41 (1) (am) and amended to read:

SB55-ASA1-AA1,1020,7 186.41 (1) (am) "Regional Out-of-state credit union" means a state or federal credit union that has its, the principal office of which is located in one of the regional states a state other than this state.

SB55-ASA1-AA1, s. 2964 Section 2964. 186.41 (1) (d) of the statutes is repealed.

SB55-ASA1-AA1, s. 2965 Section 2965. 186.41 (2) and (3) of the statutes are amended to read:

SB55-ASA1-AA1,1020,11 186.41 (2) In-state Wisconsin credit union. (a) An in-state A Wisconsin credit union may do any of the following:

SB55-ASA1-AA1,1020,13 1. Acquire an interest in, or some or all of the assets and liabilities of, one or more regional out-of-state credit unions.

SB55-ASA1-AA1,1020,14 2. Merge with one or more regional out-of-state credit unions.

SB55-ASA1-AA1,1020,18 (b) An in-state A Wisconsin credit union proposing any action under par. (a) shall provide the office of credit unions a copy of any original application seeking approval by a federal agency or by an agency of the regional another state and of any supplemental material or amendments filed in connection with any application.

SB55-ASA1-AA1,1020,20 (3) Regional Out-of-state credit unions. Except as provided in sub. (4), a regional an out-of-state credit union may do any of the following:

SB55-ASA1-AA1,1020,22 (a) Acquire an interest in, or some or all of the assets of, one or more in-state Wisconsin credit unions.

SB55-ASA1-AA1,1020,23 (b) Merge with one or more in-state Wisconsin credit unions.