SECTION 6. 79.10 (7m) (a) 1. of the statutes is renumbered 79.10 (7m) (a) 1. a. and amended to read:
79.10 (7m) (a) 1. a. The Except as provided in subd. 1. b., the amount determined under sub. (4) shall be distributed by the department of administration on the 4th Monday in July.
SECTION 7. 79.10 (7m) (a) 1. b. of the statutes is created to read:
79.10 (7m) (a) 1. b. No later than September 15, 2006, the department of administration shall determine whether general fund revenue during the 2005-07 biennium will exceed the amount of general fund revenue estimated under the 2005-07 biennial budget, plus any amount expended under s. 20.255 (2) (af). An amount equal to the amount of any excess determined under this subd. 1. b., not to exceed $150,000,000, but reduced by the amount transferred to the health care quality improvement fund under s. 16.518 (4), shall be distributed by the department of administration on June 15, 2007, and on each June 15 thereafter an identical amount shall be distributed, and the balance of the amount determined under sub. (4) shall be distributed on the 4th Monday in July 2007, and on each 4th Monday in July thereafter.
SECTION 8. 79.10 (7m) (a) 2. of the statutes is amended to read:
79.10 (7m) (a) 2. The town, village or city treasurer shall settle for the amounts distributed under this paragraph on the 4th Monday in July with the appropriate county treasurer not later than August 15. Failure to settle timely under this subdivision subjects the town, village or city treasurer to the penalties under s. 74.31. On or before August 20, the county treasurer shall settle with each taxing jurisdiction, including towns, villages and cities except 1st class cities, in the county.
SECTION 9. 79.10 (9) (b) of the statutes is amended to read:
79.10 (9) (b) Property tax relief credit. Except as provided in ss. 79.175 and 79.18, every property taxpayer of the municipality having assessed property shall receive a tax credit in an amount determined by applying the percentage of the amount of the value of property assessed to the taxpayer to the amount of the distribution distributions to be made to the municipality under sub. (7m) (a), as stated in the December 1 notification from the department of revenue, except that no taxpayer may receive a credit larger than the total amount of property taxes to be paid on each parcel for which tax is levied for that year by that taxpayer.
SECTION 10. 79.14 of the statutes is amended to read:
79.14 School levy tax credit. The appropriation under s. 20.835 (3) (b) is $319,305,000 in 1994, 1995, and 1996 and is; $469,305,000 beginning in 1997 and ending in 2006; and $619,305,000 in 2007 and in each year thereafter.
(End)
LRB-1889LRB-1889/3
ARG:kjf:pg
2005 - 2006 LEGISLATURE
DOA:......Percy, BB0??? - General obligation bonding
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
transportation
Highways
Under current law, DOT, under specified circumstances, may contract up to $565,480,400 in public debt for the purpose of funding major highway projects, southeast Wisconsin freeway rehabilitation projects, and state highway rehabilitation projects. Prior to July 1, 2005, principal and interest costs incurred in financing this debt (debt service) are paid from the transportation fund. Beginning on July 1, 2005, debt service on this debt is paid from the general fund.
This bill increases by $250,000,000 this authorized general obligation bonding limit from $565,480,400 to $815,480,400.
This bill also creates new general obligation bonding authority for DOT, allowing DOT to contract up to an additional $213,100,000 in public debt for the purpose of funding southeast Wisconsin freeway rehabilitation projects. Debt service on this debt is paid from the transportation fund.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 20.395 (6) (au) of the statutes is created to read:
20.395 (6) (au) Principal repayment and interest, southeast Wisconsin freeway rehabilitation projects, state funds. A sum sufficient to reimburse s. 20.866 (1) (u) for the payment of principal and interest costs incurred in financing southeast Wisconsin freeway rehabilitation projects, as provided under ss. 20.866 (2) (uup) and 84.555.
****NOTE: This SECTION involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
SECTION 2. 20.866 (2) (uum) of the statutes is amended to read:
20.866 (2) (uum) Transportation; major highway and rehabilitation projects. From the capital improvement fund, a sum sufficient for the department of transportation to fund major highway and rehabilitation projects, as provided under s. 84.555. The state may contract public debt in an amount not to exceed $565,480,400 $815,480,400 for this purpose.
SECTION 3. 20.866 (2) (uup) of the statutes is created to read:
20.866 (2) (uup) Transportation; southeast Wisconsin freeway rehabilitation projects. From the capital improvement fund, a sum sufficient for the department of transportation to fund southeast Wisconsin freeway rehabilitation projects, as provided under s. 84.555. The state may contract public debt in an amount not to exceed $213,100,000 for this purpose.
SECTION 4. 84.014 (2) of the statutes is amended to read:
84.014 (2) Subject to ss. 84.555 and 86.255, any southeast Wisconsin freeway rehabilitation projects, including the Marquette interchange reconstruction project and projects that involve adding one or more lanes 5 miles or more in length to the existing freeway, may be funded only from the appropriations under ss. 20.395 (3) (cr), (cw), and (cy) and 20.866 (2) (uum) and (uup).
SECTION 5. 84.555 (1m) of the statutes is amended to read:
84.555 (1m) Notwithstanding sub. (1) and ss. 84.51 and 84.59, the proceeds of general obligation bonds issued under s. 20.866 (2) (uum) are allocated for expenditure obligations under s. 84.95 and s. 84.014 and the proceeds of general obligation bonds issued under s. 20.866 (2) (uup) are allocated for expenditure obligations under s. 84.014.
(End)
LRB-1890LRB-1890/1
ARG:kjf:rs
2005 - 2006 LEGISLATURE
DOA:......Percy, BB0??? - Transfer from transportation fund to general fund
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
transportation
Other transportation
This bill transfers from the transportation fund to the general fund $250,000,000 in fiscal year 2005-06 and $18,058,100 in fiscal year 2006-07.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 9248. Appropriation changes; transportation.
(1) TRANSPORTATION FUND TRANSFER TO GENERAL FUND. There is transferred from the transportation fund to the general fund, $250,000,000 in fiscal year 2005-06 and $18,058,100 in fiscal year 2006-07.
(End)
LRB-1917LRB-1917/1
RAC:wlj:jf
2005 - 2006 LEGISLATURE
DOA:......Hoadley - Refunding public debt
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
State government
State finance
Current law authorizes the Building Commission to contract public debt to refund the whole or any part of any unpaid indebtedness used to finance tax-supported or self-amortizing facilities or for veterans' housing loans. Such indebtedness includes any premium and interest that is currently payable on the unpaid indebtedness. Current law also sets caps on the amount of public debt that may be contracted for these purposes. This bill eliminates these statutory caps.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 20.001 (3) (e) of the statutes is amended to read:
20.001 (3) (e) Capital improvement authorizations. The appropriations in s. 20.866 (2) are authorizations to contract public debt in accordance with ch. 18. The amount of debt repaid under each authorization shall not be construed to represent new or additional authority even though the authority is not reduced by the amount of repayment. The Any limiting dollar amount contained in the language of any appropriation under s. 20.866 (2) is the cumulative total authorization carried over from previous biennia plus any new authorization contained in the schedule.
SECTION 2. 20.866 (2) (xm) of the statutes, as affected by 2005 Wisconsin Act 1, is amended to read:
20.866 (2) (xm) Building commission; refunding tax-supported and self-amortizing general obligation debt. From the capital improvement fund, a sum sufficient to refund the whole or any part of any unpaid indebtedness used to finance tax-supported or self-amortizing facilities. In addition to the amount that may be contracted under par. (xe), the The state may contract public debt in an any amount not to exceed $1,000,000,000 for this purpose. Such indebtedness shall be construed to include any premium and interest payable with respect thereto. Debt incurred by this paragraph shall be repaid under the appropriations providing for the retirement of public debt incurred for tax-supported and self-amortizing facilities in proportional amounts to the purposes for which the debt was refinanced. No moneys may be expended under this paragraph unless It is the intent of the legislature that this refunding authority only be used if the true interest costs to the state can be reduced by the expenditure.
SECTION 3. 20.866 (2) (zo) of the statutes is amended to read:
20.866 (2) (zo) Veterans affairs; refunding bonds. From the funds and accounts under s. 18.04 (6) (b), a sum sufficient for the department of veterans affairs to fund, refund, or acquire the whole or any part of public debt as set forth in s. 18.04 (5). The building commission may contract public debt in an any amount not to exceed $840,000,000 for these purposes, exclusive of any amount issued to fund, refund, or acquire any public debt contracted under par. (zn).
(End)
LRB-1921LRB-1921/1
GMM:wlj:jf
2005 - 2006 LEGISLATURE
DOA:......Statz, BB - Grants for children's community programs
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
health and human services
Children
Under current law, the Office of Justice Assistance in DOA is required to provide $185,000 annually to DHFS for grants for children's community programs, including grants to the Career Youth Development Center in Milwaukee, the Milwaukee Police Athletic League, court-appointed special advocate programs, and the Children's Safe House Child Care Program in Kenosha County. This bill eliminates those grants.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 16.964 (9) of the statutes is repealed.
(End)
LRB-1925LRB-1925/1
JK&CTS:wlj:rs
2005 - 2006 LEGISLATURE
DOA:......Grinde - Rural economic development study
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
commerce and economic development
Economic development
This bill requires the Department of Commerce and DOR to study the status of and the alternatives for regional economic development in rural areas.
