AB934: Bill Text

AB934,106,7 (b) An issuer;.

AB934,106,9 (c) A bank, savings institution, or trust company, when effecting transactions for its own account or as agent under s. 551.31 (5);.

AB934,106,10 (d) An executor, administrator, guardian, conservator, or pledgee;.

AB934,106,12 (e) A person whose dealings in securities are limited to transactions exempt by s. 551.23 (5);.

AB934,106,14 (f) A person licensed as a real estate broker under ch. 452 and whose transactions in securities are isolated transactions incidental to that business; or.

AB934,106,15 (g) The investment board; or.

Note: Conforms punctuation and paragraph structure to current style.

AB934, s. 269 Section 269. 560.01 (1) of the statutes is amended to read:

AB934,107,12 560.01 (1) Purposes. The functions of the department are of an advocacy, regulatory, consultative, advisory, informational, coordinative, and promotional nature. Through research, planning, consultation, and through promotion of the development and maximum wise use of the natural and human resources of the state, it shall foster the growth and diversification of the economy of the state. It shall serve as the central agency and clearinghouse for developmental activities concerning the economy of the state. It shall make recommendations to the governor for the purpose of guiding a coordinated and economically efficient development of the state and shall seek closer cooperation and coordination between units of state government, educational institutions, local governments, local planning agencies, including regional planning commissions, and business and industry to foster and encourage a pattern of community development and of state-local and business relationships so that the economy of the state may continue to develop fully and meet citizen and community needs. It shall make continuing studies of the problems affecting economic and community development and recommendations for relieving those problems, and function in any other reasonable manner that will accomplish the stated purposes of this chapter. The department may also coordinate training for local government officials provided by state agencies including, but not limited to, the University of Wisconsin-extension Wisconsin-Extension and the technical college system.

Note: Conforms capitalization to current style and deletes repeated word.

AB934, s. 270 Section 270. 560.04 (2m) of the statutes is amended to read:

AB934,107,22 560.04 (2m) Duties. The department may assign one or more full-time equivalent positions to the function functions of coordinating the development and scheduling of training programs for local government officials by the university of Wisconsin-extension, the University of Wisconsin-Extension, technical college system, department of revenue, elections board, and other state agencies in order to assure the effective delivery of training programs and to prevent duplication of effort and of coordinating requests for management or personnel consultative services from government units other than the state and directing those requests to the appropriate division of the department of administration.

Note: Conforms capitalization to current style.

AB934, s. 271 Section 271. 560.07 (3) (a) of the statutes is amended to read:

AB934,108,9 560.07 (3) (a) Serve as the state's official liaison agency between persons interested in locating new economic enterprises in Wisconsin, and state and local groups seeking new enterprises. In this respect the department shall aid communities in organizing for and obtaining new business or expanding existing business and shall respond to requests which that reflect interest in locating economic enterprises in the state. When the secretary considers appropriate, the department shall refer requests for economic development assistance to Forward Wisconsin, inc. Inc., and shall attempt to prevent duplication of efforts between the department and Forward Wisconsin, inc. Inc.

Note: Conforms capitalization to current style.

AB934, s. 272 Section 272. 560.07 (3) (b) of the statutes is amended to read:

AB934,108,17 560.07 (3) (b) Contract with Forward Wisconsin, inc. Inc., if the secretary determines it appropriate, to pay Forward Wisconsin, inc. Inc., an amount not to exceed the amount appropriated under s. 20.143 (1) (bm), to establish and implement a nationwide business development promotion campaign to attract persons interested in locating new enterprises in this state, and to encourage the retention and expansion of businesses and jobs in this state. Funds may be expended to carry out the contract only as provided in s. 16.501.

Note: Conforms capitalization to current style.

AB934, s. 273 Section 273. 560.07 (3) (c) of the statutes is amended to read:

AB934,108,21 560.07 (3) (c) Whenever appropriate, submit to the secretary of administration a report setting forth the amount of private contributions received by Forward Wisconsin, inc. Inc., since the time the department last submitted such a report.

Note: Conforms capitalization to current style.

AB934, s. 274 Section 274. 560.07 (9) of the statutes is amended to read:

AB934,109,4 560.07 (9) On or before July 1, 1985, and every July 1 thereafter, submit to the chief clerk of each house of the legislature, for distribution to the appropriate standing committees under s. 13.172 (3), a report stating the net jobs gain due to the funds provided to Forward Wisconsin, inc. Inc., under s. 20.143 (1) (bm).

Note: Conforms capitalization to current style.

AB934, s. 275 Section 275. 560.09 (1) of the statutes is amended to read:

AB934,109,17 560.09 (1) Liaison with state and federal agencies. The department shall assist, cooperate with, and seek information and advice from other state agencies, federal agencies, organizations of elected officials in the state, units of local government, local business and industry, and other appropriate agencies or organizations in carrying out its assigned functions and duties. Appropriate units of the University of Wisconsin System-Extension Wisconsin-Extension shall coordinate their activities with the department, and the department shall cooperate by providing information necessary to the conduct of research and professional advice. Particularly, the University of Wisconsin System-Extension Wisconsin-Extension and the department shall develop processes which that will enhance coordination and cooperation in relation to the small business development centers and business advisory service programs and recreation related programs.

Note: Makes references to the university extension consistent with the remainder of the statutes and conforms capitalization to current style.

AB934, s. 276 Section 276. 560.92 (1) of the statutes is amended to read:

AB934,109,21 560.92 (1) The department shall promote this state's science and technology assets in cooperation with Forward Wisconsin, inc. Inc., and the department of agriculture, trade and consumer protection.

Note: Conforms capitalization and punctuation to current style.

AB934, s. 277 Section 277. 601.93 (1) of the statutes is renumbered 601.93 (1m).

Note: Accommodates the renumbering of a definition to the beginning of the section, consistent with current style. See the next section of this bill.

AB934, s. 278 Section 278. 601.93 (3) of the statutes is renumbered 601.93 (1g).

Note: Renumbers definition to the beginning of the section, consistent with current style.

AB934, s. 279 Section 279. 611.01 (intro.) of the statutes is amended to read:

AB934,110,4 611.01 Definitions. (intro.) In this chapter, unless the context requires otherwise, all of the following apply:

Note: Conforms the form of the (intro.) to that of the remainder of the section and to current style.

AB934, s. 280 Section 280. 611.01 (1) of the statutes is amended to read:

AB934,110,7 611.01 (1) Stock corporations. The definitions in s. 180.0103 (2), (3), (14), (15), and (17) apply to stock corporations; and.

Note: Conforms punctuation to that of the remainder of the section and current style.

AB934, s. 281 Section 281. 614.01 (1) (c) (intro.) and 1. to 3. of the statutes are amended to read:

AB934,110,11 614.01 (1) (c) (intro.) A "lodge system" exists if and only if all of the following conditions are met:

AB934,110,12 1. There is a supreme governing body;.

AB934,110,15 2. Subordinate to the supreme governing body, there are local lodges (, whatever they may be the local lodges are called), into which natural persons are admitted as members in accordance with the laws of the fraternal;.

AB934,110,17 3. The local lodges are required by the laws of the fraternal to hold regular meetings at least monthly; and.

Note: Conforms punctuation and paragraph structure to current style. Eliminates parentheses, consistent with current style, and replaces a pronoun with a specific reference to improve readability.

AB934, s. 282 Section 282. 620.22 (intro.) and (1) to (8) of the statutes are amended to read:

AB934,111,4 620.22 Permitted classes of investments. (intro.) The Any of the following classes of investments may be counted for the purposes specified in s. 620.21, whether they the investments are made by the insurer alone or as a participant in a partnership or joint venture:

AB934,111,7 (1) Bonds or other evidences of indebtedness of governmental units in the United States or Canada, or the instrumentalities of such governmental units, or of private corporations domiciled therein; in the United States or Canada.

AB934,111,11 (2) Loans secured by mortgages, trust deeds, or other security interests in tangible property located in the United States or Canada or secured by insurance against default issued by a government insurance corporation of the United States or Canada or an insurer authorized to do business in this state;.

AB934,111,12 (3) Preferred or common stock of any United States or Canadian corporation;.

AB934,111,13 (4) Property needed for the convenient transaction of the insurer's business;.

AB934,111,17 (5) Real property, together with the fixtures, furniture, furnishings, and equipment pertaining thereto to the real property, that is located in the United States or Canada, which and that produces, or after suitable improvement can reasonably be expected to produce, substantial income ;.

AB934,111,20 (6) Loans upon the security of the insurer's own policies in amounts that are adequately secured thereby and that in no case exceed the surrender values of the policies;.

AB934,111,24 (7) Investments in property and facilities for the development and production of solar or geothermal energy, fossil or synthetic fuel, or gasohol, including, but not limited to, ownership and control of such property and facilities, of up to 5% of the portion of the insurer's assets which that exceeds $2 billion;.

AB934,112,2 (8) Such Any other investments as that the commissioner authorizes by rule; and.

Note: Conforms punctuation and section structure to current style. A specific reference is added and a word is replaced to improve sentence agreement.

AB934, s. 283 Section 283. 623.06 (2m) (a) 5. of the statutes is amended to read:

AB934,112,6 623.06 (2m) (a) 5. "Moody's monthly average" means the corporate bond yield monthly average ( monthly average corporates), as published by Moody's investors service, inc. Investors Service, Inc.

Note: Conforms capitalization to current style.

AB934, s. 284 Section 284. 632.475 (3) (b) of the statutes is amended to read:

AB934,112,12 632.475 (3) (b) Moody's corporate bond yield monthly average ( monthly average corporates), as published by Moody's investors service, inc. Investors Service, Inc., or its successor, for the month ending 2 months before the rate is applied. If such the monthly average is no longer published, a comparable average shall be substituted by the commissioner by rule.

Note: Conforms capitalization to current style. Replaces disfavored term.

AB934, s. 285 Section 285. 632.57 (2) (a) of the statutes is renumbered 632.57 (2).

Note: Deletes unnecessary paragraph designation. This subsection is not subdivided.

AB934, s. 286 Section 286. 704.07 (2) (a) of the statutes is amended to read:

AB934,112,17 704.07 (2) (a) Unless the repair was Except for repairs made necessary by the negligence of, or improper use of the premises by , the tenant, the landlord is under has a duty to do all of the following:

AB934,112,19 1. Keep in a reasonable state of repair portions of the premises over which the landlord maintains control;.

AB934,113,2 2. Keep in a reasonable state of repair all equipment under the landlord's control necessary to supply services which that the landlord has expressly or impliedly agreed to furnish to the tenant, such as heat, water, elevator, or air conditioning;.

AB934,113,3 3. Make all necessary structural repairs;.

AB934,113,7 4. Except for residential premises subject to a local housing code , and except as provided in sub. (3) (b), repair or replace any plumbing, electrical wiring, machinery, or equipment furnished with the premises and no longer in reasonable working condition, except as provided in sub. (3) (b).

AB934,113,9 5. For a residential tenancy, comply with a any local housing code applicable to the premises.

Note: Reorganizes text and replaces language and punctuation to correct sentence structure and improve readability, consistent with current style.

AB934, s. 287 Section 287. 704.19 (7) (a) to (c) of the statutes are amended to read:

AB934,113,12 704.19 (7) (a) The day of giving or leaving under s. 704.21 (1) (a) and (2) (a) and (b);.

AB934,113,14 (b) The day of leaving or affixing a copy or the date of mailing, whichever is later, under s. 704.21 (1) (b) and (c);.

AB934,113,17 (c) The 2nd day after the day of mailing if the mail is addressed to a point within the state, and the 5th day after the day of mailing in all other cases, under s. 704.21 (1) (d) and (2) (c);.

Note: Replaces punctuation for internal consistency and to conform to current style.

AB934, s. 288 Section 288. 706.06 (2) of the statutes is amended to read:

AB934,114,8 706.06 (2) Any public officer entitled by virtue of his or her office to administer oaths, and any member in good standing of the state bar State Bar of Wisconsin, may authenticate one or more of the signatures on an instrument relating to lands in this state, by indorsing endorsing the instrument "Acknowledged",," "Authenticated," or "Signatures Guaranteed",," or other words to similar effect, adding the date of authentication, his or her own signature, and his or her official or professional title. Such indorsement The endorsement, unless expressly limited, shall operate as an authentication of all signatures on the instrument; and shall constitute a certification that each authenticated signature is the genuine signature of the person represented; and, as to signatures made in a representative capacity, shall constitute a certification that the signer purported, and was believed, to be such representative.

Note: Conforms capitalization to current style. Inserts preferred spellings and phrase for parallel construction.

AB934, s. 289 Section 289. 707.49 (1) (d) 2. of the statutes is amended to read:

AB934,114,11 707.49 (1) (d) 2. An attorney who is a member of the state bar State Bar of Wisconsin.

Note: Conforms capitalization to current style.

AB934, s. 290 Section 290. 751.12 of the statutes is renumbered 751.12 (1) and amended to read:

AB934,114,22 751.12 (1) The state supreme court shall, by rules promulgated by it from time to time, regulate pleading, practice, and procedure in judicial proceedings in all courts, for the purpose purposes of simplifying the same and of promoting the speedy determination of litigation upon its merits. The rules shall not abridge, enlarge, or modify the substantive rights of any litigant. The effective dates for all rules adopted by the court shall be January 1 or July 1. A rule shall not become effective until 60 days after its adoption. All such rules promulgated under this section shall be printed by the state printer and paid for out of the state treasury, and the court shall direct the rules to be distributed as it deems considers proper.

AB934,115,4 (2) All statutes relating to pleading, practice, and procedure may be modified or suspended by rules promulgated under this section. No rule modifying or suspending such statutes relating to pleading, practice, and procedure may be adopted until the court has held a public hearing with reference to the rule.

AB934,115,11 (3) Notice of public hearings shall be given by publication of a class 3 notice, under ch. 985, the expense of the publication to be paid out of the state treasury. Notice shall also be given in an official publication of the state bar State Bar of Wisconsin, the notice to be published not more than 60 days nor less than 30 days before the date of hearing. The state bar State Bar of Wisconsin shall not charge the state treasury for publication of this notice. Proposed rules, including changes, if any, in existing rules, shall be set forth in full in the notice.