Currently, a veteran may receive a housing loan to refinance another loan. Refinancing loans are available only for the same type of use that the housing loan program covers. The loan may be used to pay for balances due on a construction or bridge loan. The loan may be also be used for the payment of a loan if the loan's balance does not exceed the amount requested in any prior application by the veteran and the debt was incurred after the veteran made an application to the DVA that was denied. This bill allows the use of a housing loan to refinance the balance due on any indebtedness as long as the previous loan was incurred for the same type of use that the housing loan program covers.
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. 45.71 (8) of the statutes is amended to read:
45.71 (8) "Home" means a building or portion thereof used as the veteran's principal place of by the veteran as a residence, and includes condominiums and income-producing property, a portion of which is so occupied by the veteran, and the land, including existing improvements, appertaining to such a building.
SECTION 2. 45.71 (12) (a) of the statutes is amended to read:
45.71 (12) (a) Is used as the veteran's principal place of by the veteran as a residence; and
SECTION 3. 45.71 (15) of the statutes is created to read:
45.71 (15) "Qualified veterans' mortgage bonds" means federally tax-exempt bonds issued under the authority of 26 USC 143.
SECTION 4. 45.71 (16) (d) of the statutes is created to read:
45.71 (16) (d) Any person who has completed 6 continuous years of service under honorable conditions in the army or air national guard or in any reserve component of the U.S. armed forces, and who is living in this state at the time of his or her application for benefits, shall be considered a veteran under this subchapter.
SECTION 5. 45.76 (1) (c) of the statutes is amended to read:
45.76 (1) (c) Home improvements. A loan of not more than $25,000 to improve a home, including the construction of a garage or the removal or other alteration of existing improvements that were made to improve the accessibility of a home for a disabled individual.
SECTION 6. 45.76 (1) (d) of the statutes is repealed and recreated to read:
45.76 (1) (d) Refinancing. Refinancing the balance due on an indebtedness that was incurred for a use designated in pars. (a) to (c).
SECTION 7. 45.76 (3) (b) 1. of the statutes is amended to read:
45.76 (3) (b) 1. The residence property to be purchased, constructed, improved or refinanced with financial assistance under this subchapter will be used as the person's principal by the person as a residence.
SECTION 8. 45.76 (4) of the statutes is created to read:
45.76 (4) QUALIFIED VETERANS' MORTGAGE BONDS. If the source of the funding for a loan under this subchapter is the proceeds of a qualified veterans' mortgage bond, the department shall apply any applicable requirements of the Internal Revenue Code in determining a person's eligibility for a loan to assure that the bonds are exempt from federal tax.
(End)
LRB-0322LRB-0322/2
RPN:kjf:rs
2005 - 2006 LEGISLATURE
DOA:......Caucutt, BB0103 - American Indian grants
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Veterans and Military affairs
This bill raises the maximum amount of grants that DVA may provide to the governing bodies of federally recognized American Indian tribes and bands from $2,500 to $10,000 for the purpose of employing a tribal veterans' service officer to advise American Indian tribal or band members with information about veterans benefits.
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. 45.35 (14) (h) of the statutes is amended to read:
45.35 (14) (h) To provide grants to the governing bodies of federally recognized American Indian tribes and bands from the appropriation under s. 20.485 (2) (vz) (km) if that governing body enters into an agreement with the department regarding the creation, goals and objectives of a tribal veterans' service officer, appoints a veteran to act as a tribal veterans' service officer and gives that veteran duties similar to the duties described in s. 45.43 (5), except that the veteran shall report to the governing body of the tribe or band. The department may make annual grants of up to $2,500 $10,000 under this paragraph and shall promulgate rules to implement this paragraph.
****NOTE: This is reconciled s. 45.35 (14) (h). This SECTION has been affected by drafts numbered: LRB-0322 and LRB-0323.
(End)
LRB-0323LRB-0323/2
RPN:wlj:rs
2005 - 2006 LEGISLATURE
DOA:......Caucutt, BB0104 - Shift from veterans trust fund to Indian gaming fund
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
veterans and military affairs
This bill creates appropriations that fund an American Indian veterans benefits services coordinator position in DVA from the Indian gaming receipts and that transfer the funding of the tribal veterans' service officer grants from the Veterans Trust Fund to the Indian gaming receipts.
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. 20.485 (2) (kg) of the statutes is created to read:
20.485 (2) (kg) American Indian services coordinator. The amounts in the schedule for an American Indian veterans benefits services coordinator position. All moneys transferred from the appropriation account under s. 20.505 (8) (hm) 13g. shall be credited to this appropriation account. Notwithstanding s. 20.001 (3) (a), the unencumbered balance on June 30 of each year shall revert to the appropriation account under s. 20.505 (8) (hm).
****NOTE: This SECTION involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
SECTION 2. 20.485 (2) (km) of the statutes is created to read:
20.485 (2) (km) American Indian grants. The amounts in the schedule for grants to American Indian tribes and bands under s. 45.35 (14) (h). All moneys transferred from the appropriation account under s. 20.505 (8) (hm) 13m. shall be credited to this appropriation account. Notwithstanding s. 20.001 (3) (a), the unencumbered balance on June 30 of each year shall revert to the appropriation account under s. 20.505 (8) (hm).
****NOTE: This SECTION involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
SECTION 3. 20.485 (2) (vz) of the statutes is repealed.
****NOTE: This SECTION involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
SECTION 4. 20.505 (8) (hm) 13g. of the statutes is created to read:
20.505 (8) (hm) 13g. The amount transferred to s. 20.485 (2) (kg) shall be the amount in the schedule under s. 20.485 (2) (kg).
****NOTE: This SECTION involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
SECTION 5. 20.505 (8) (hm) 13m. of the statutes is created to read:
20.505
(8) (hm) 13m. The amount transferred to s. 20.485 (2) (km) shall be the amount in the schedule under s. 20.485 (2) (km).
****NOTE: This SECTION involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
(End)
LRB-0324LRB-0324/3
RPN:jld&kjf:rs
2005 - 2006 LEGISLATURE
DOA:......Caucutt, BB0105 - Personal loan program
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
veterans and military affairs
Under current law, DVA may lend a veteran, a veteran's unremarried surviving spouse, or a deceased veteran's child up to $25,000. The use of the loan is not restricted, but the loan must be repaid within ten years. If the loan exceeds $5,000, the loan must secured by a mortgage on real estate located in this state.
Under the bill, the term of the loan may not exceed ten years, unless adjusted by the department. The bill allows DVA to adjust the maximum terms of the loans based upon financial market conditions, funds available, needs of the trust fund, and other relevant factors.
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. 45.356 (2) of the statutes is amended to read:
45.356 (2) The department may lend a veteran, a veteran's unremarried surviving spouse, or a deceased veteran's child not more than $25,000 or a lesser amount established by the department under sub. (10). The department may prescribe loan conditions, but the term of the loan may not exceed 10 years, or a shorter term established by the department under sub. (13). The department shall ensure that the proceeds of any loan made under this section shall first be applied to pay any delinquent child support or maintenance payments and then to pay any past support, medical expenses, or birth expenses.
SECTION 2. 45.356 (13) of the statutes is created to read:
45.356 (13) Subject to the limit established in sub. (2), the department may periodically adjust the maximum term limits for loans based upon financial market conditions, funds available, needs of the veterans trust fund, or other factors that the department considers relevant.
(End)
LRB-0325LRB-0325/1
RPN:lmk&kjf:rs
2005 - 2006 LEGISLATURE
DOA:......Olsen-Hasek, BB0106 - Eliminate funeral honors stipend
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
veterans and military affairs
Under current law, DVA coordinates the provision of military honors funerals to deceased veterans by members of local veterans organizations and the national guard. As part of that program, DVA reimburses the local veterans organization an amount not to exceed $50 for its costs in providing the military honors funeral.
This bill repeals the reimbursement of the costs of the military honors funeral.
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. 20.485 (2) (q) of the statutes is repealed.
****NOTE: This SECTION involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
SECTION 2. 45.19 (1) of the statutes is amended to read:
45.19 (1) The department shall administer a program to coordinate the provision of military honors funerals to deceased veterans by local units of member organizations of the council on veterans programs and by members of the Wisconsin national guard activated under s. 21.11 (3). From the appropriation under s. 20.485 (2) (q), the department shall reimburse a local unit of a member organization of the council on veterans programs for the costs of providing a military honors funeral to a deceased veteran. The reimbursement may not exceed $50 for each military honors funeral.
(End)
LRB-0326LRB-0326/1
RPN:jld:rs
2005 - 2006 LEGISLATURE
DOA:......Olsen-Hasek, BB0108 - Southeastern facility admissions
For 2005-07 Budget -- Not Ready For Introduction
2005 BILL
