SB40: Bill Text

SB40,101,17 (c) Assisting Wisconsin Works participants in applying for supplemental security income program benefits.

SB40,101,19 (d) Obtaining and enforcing child support, including legal services related to domestic abuse.

SB40,101,21 (e) Developing discharge plans for mentally ill inmates and assisting those inmates in their community integration planning.

SB40,101,22 (f) Providing ancillary services to juvenile offenders.

SB40, s. 127 Section 127 . 16.964 (14) (a) of the statutes, as created by 2007 Wisconsin Act .... (this act), is amended to read:

SB40,102,3 16.964 (14) (a) Serving as guardian ad litem for cases with the bureau of Milwaukee child welfare of the department of health and family services children and families.

SB40, s. 128 Section 128. 16.971 (2) (cf) of the statutes is created to read:

SB40,102,14 16.971 (2) (cf) Implement, operate, maintain, and upgrade an integrated business information system capable of providing information technology services to all agencies and authorities in the areas of accounting, auditing, payroll and other financial services; procurement; human resources; and other administrative processes. The department may provide information technology services under this subsection to any agency or authority or local governmental unit as the department considers to be appropriate and as the department can efficiently and economically provide. The department may charge agencies, authorities, and local governmental units for information technology services provided to them under this subsection in accordance with a methodology determined by the department.

SB40, s. 129 Section 129. 16.997 (6) of the statutes is repealed.

SB40, s. 130 Section 130. 17.07 (3m) of the statutes is amended to read:

SB40,102,18 17.07 (3m) Notwithstanding sub. (3), the parole earned release review commission chairperson may be removed by the governor, at pleasure.

SB40, s. 131 Section 131. 17.13 (intro.) of the statutes is amended to read:

SB40,102,23 17.13 Removal of village, town, town sanitary district, school district, and technical college and family care district officers. (intro.) Officers of towns, town sanitary districts, villages, school districts, and technical college districts and family care districts may be removed as follows:

SB40, s. 132 Section 132. 17.13 (4) of the statutes is repealed.

SB40, s. 133 Section 133. 17.15 (5) of the statutes is amended to read:

SB40,103,3 17.15 (5) Family Long-term care district. Any member of a family long-term care district governing board appointed under s. 46.2895 (3) (a) 2. may be removed by the appointing authority for cause.

SB40, s. 134 Section 134. 17.27 (3m) of the statutes is amended to read:

SB40,103,8 17.27 (3m) Family Long-term care district board. If a vacancy occurs in the position of any appointed member of a family long-term care district board, the appointing authority shall appoint to serve for the residue of the unexpired term a person who meets the applicable requirements under s. 46.2895 (3) (b).

SB40, s. 135 Section 135. 18.01 (1) of the statutes is renumbered 18.01 (1m).

SB40, s. 136 Section 136. 18.01 (1e) of the statutes is created to read:

SB40,103,12 18.01 (1e) "Aggregate expected debt service and net exchange payments" means the sum of the following:

SB40,103,14 (a) The aggregate net payments expected to be made and received under a specified interest exchange agreement under s. 18.06 (8) (a).

SB40,103,16 (b) The aggregate debt service expected to be made on bonds related to that agreement.

SB40,103,19 (c) The aggregate net payments expected to be made and received under all other interest exchange agreements under s. 18.06 (8) (a) relating to those bonds that are in force at the time of executing the agreement.

SB40, s. 137 Section 137. 18.01 (4) (intro.) of the statutes is amended to read:

SB40,103,23 18.01 (4) (intro.) "Public debt" or "debt" means every voluntary, unconditional undertaking by the state, other than an operating note or an interest exchange agreement, to repay a sum certain:

SB40, s. 138 Section 138. 18.06 (8) (a) of the statutes is renumbered 18.06 (8) (a) (intro.) and amended to read:

SB40,104,8 18.06 (8) (a) (intro.) The Subject to pars. (am) and (ar), at the time of, or in anticipation of, contracting public debt and at any time thereafter while the public debt is outstanding, the commission may enter into agreements and ancillary arrangements for relating to the public debt, including liquidity facilities, remarketing or dealer agreements, letter of credit agreements, insurance policies, guaranty agreements, reimbursement agreements, indexing agreements , or interest exchange agreements. The commission shall determine all of the following, if applicable, with respect to any such agreement or ancillary arrangement:

SB40, s. 139 Section 139. 18.06 (8) (a) 1. of the statutes is created to read:

SB40,104,12 18.06 (8) (a) 1. For any payment to be received with respect to the agreement or ancillary arrangement, whether the payment will be deposited into the bond security and redemption fund or the capital improvement fund.

SB40, s. 140 Section 140. 18.06 (8) (a) 2. of the statutes is created to read:

SB40,104,17 18.06 (8) (a) 2. For any payment to be made with respect to the agreement or ancillary arrangement, whether the payment will be made from the bond security and redemption fund or the capital improvement fund and the timing of any transfer of funds.

SB40, s. 141 Section 141. 18.06 (8) (am) of the statutes is created to read:

SB40,104,20 18.06 (8) (am) With respect to any interest exchange agreement or agreements specified in par. (a), all of the following shall apply:

SB40,104,23 1. The commission shall contract with an independent financial consulting firm to determine if the terms and conditions of the agreement reflect a fair market value, as of the proposed date of the execution of the agreement.

SB40,105,2 2. The interest exchange agreement must identify by maturity, bond issue, or bond purpose the debt or obligation to which the agreement is related. The determination of the commission included in an interest exchange agreement that such agreement relates to a debt or obligation shall be conclusive.

SB40,105,7 3. The resolution authorizing the commission to enter into any interest exchange agreement shall require that the terms and conditions of the agreement reflect a fair market value as of the date of execution of the agreement, as reflected by the determination of the independent financial consulting firm under subd. 1., and shall establish guidelines for any such agreement, including the following:

SB40,105,8 a. The conditions under which the commission may enter into the agreements.

SB40,105,9 b. The form and content of the agreements.

SB40,105,10 c. The aspects of risk exposure associated with the agreements.

SB40,105,11 d. The standards and procedures for counterparty selection.

SB40,105,13 e. The standards for the procurement of, and the setting aside of reserves, if any, in connection with, the agreements.

SB40,105,15 f. The provisions, if any, for collateralization or other requirements for securing any counterparty's obligations under the agreements.

SB40,105,17 g. A system for financial monitoring and periodic assessment of the agreements.

SB40, s. 142 Section 142. 18.06 (8) (ar) of the statutes is created to read:

SB40,105,21 18.06 (8) (ar) 1. Subject to subd. 2., the terms and conditions of an interest exchange agreement under par. (a) shall not be structured so that, as of the trade date of the agreement, both of the following are reasonably expected to occur:

SB40,106,2 a. The aggregate expected debt service and net exchange payments relating to the agreement during the fiscal year in which the trade date occurs will be less than the aggregate expected debt service and net exchange payments relating to the agreement that would be payable during that fiscal year if the agreement is not executed.

SB40,106,6 b. The aggregate expected debt service and net exchange payments relating to the agreement in subsequent fiscal years will be greater than the aggregate expected debt service and net exchange payments relating to the agreement that would be payable in those fiscal years if the agreement is not executed.

SB40,106,7 2. Subd. 1. shall not apply if either of the follow occurs:

SB40,106,11 a. The commission receives a determination by the independent financial consulting firm under par. (am) 1. that the terms and conditions of the agreement reflect payments by the state that represent on-market rates as of the trade date for the particular type of agreement.

SB40,106,16 b. The commission provides written notice to the joint committee on finance of its intention to enter into an agreement that is reasonably expected to satisfy subd. 1., and the joint committee on finance either approves or disapproves, in writing, the commission's entering into the agreement within 14 days of receiving the written notice from the commission.

SB40,106,19 3. This paragraph shall not limit the liability of the state under an agreement if actual contracted net exchange payments in any fiscal year are less than or exceed original expectations.

SB40, s. 143 Section 143. 18.06 (8) (b) of the statutes is amended to read:

SB40,106,23 18.06 (8) (b) The commission may delegate to other persons the authority and responsibility to take actions necessary and appropriate to implement agreements and ancillary arrangements under par. pars. (a) and (am).

SB40, s. 144 Section 144. 18.06 (8) (d) of the statutes is created to read:

SB40,107,5 18.06 (8) (d) Semiannually, during any year in which the state is a party to an agreement entered into pursuant to par. (a) (intro.), the department of administration shall submit a report to the commission and to the cochairpersons of the joint committee on finance listing all such agreements. The report shall include all of the following:

SB40,107,7 1. A description of each agreement, including a summary of its terms and conditions, rates, maturity, and the estimated market value of each agreement.

SB40,107,9 2. An accounting of amounts that were required to be paid and received on each agreement.

SB40,107,11 3. Any credit enhancement, liquidity facility, or reserves, including an accounting of the costs and expenses incurred by the state.

SB40,107,12 4. A description of the counterparty to each agreement.

SB40,107,14 5. A description of the counterparty risk, the termination risk, and other risks associated with each agreement.

SB40, s. 145 Section 145. 18.08 (1) (a) of the statutes is renumbered 18.08 (1) (a) (intro.) and amended to read:

SB40,107,21 18.08 (1) (a) (intro.) All moneys resulting from the contracting of public debt or any payment to be received with respect to any agreement or ancillary arrangement entered into under s. 18.06 (8) (a) with respect to any such public debt shall be credited to a separate and distinct fund, established in the state treasury, designated as the capital improvement fund, except that such:

SB40,107,25 1. Such moneys which represent premium and accrued interest on bonds or notes issued, or are for purposes of funding or refunding bonds pursuant to s. 18.06 (5), shall be credited to one or more of the sinking funds of the bond security and redemption fund or to the state building trust fund.

SB40, s. 146 Section 146. 18.08 (1) (a) 2. of the statutes is created to read:

SB40,108,6 18.08 (1) (a) 2. Any such moneys that represent premium or any payments received pursuant to any agreement or ancillary arrangement entered into under s. 18.06 (8) (a) with respect to any such public debt may be credited to one or more of the sinking funds of the bond security and redemption fund or to the capital improvement fund, as determined by the commission.

SB40, s. 147 Section 147. 18.08 (2) of the statutes is amended to read:

SB40,108,14 18.08 (2) The capital improvement fund may be expended, pursuant to appropriations, only for the purposes and in the amounts for which the public debts have been contracted, for the payment of principal and interest on loans or on notes, for the payment due, if any, under an agreement or ancillary arrangement entered into under s. 18.06 (8) (a) with respect to any such public debt, for the purposes identified under s. 20.867 (2) (v) and (4) (q), and for expenses incurred in contracting public debt.

SB40, s. 148 Section 148. 18.08 (4) of the statutes is amended to read:

SB40,108,24 18.08 (4) If at any time it appears that there will not be on hand in the capital improvement fund sufficient moneys for the payment of principal and interest on loans or on notes or for the payment due, if any, under an agreement or ancillary arrangement that has been entered into under s. 18.06 (8) (a) with respect to any public debt and that has been determined to be payable from the capital improvement fund under s. 18.06 (8) (a) 2., the department of administration shall transfer to such fund, out of the appropriation made pursuant to s. 20.866, a sum sufficient which, together with any available money on hand in such fund, is sufficient to make such payment.

SB40, s. 149 Section 149. 18.09 (2) of the statutes is amended to read:

SB40,109,7 18.09 (2) Each sinking fund shall be expended, and all moneys from time to time on hand therein are irrevocably appropriated, in sums sufficient, only for the payment of principal and interest on the bonds giving rise to it and, premium, if any, due upon refunding redemption of any such bonds, and payment due, if any, under an agreement or ancillary arrangement that has been entered into under s. 18.06 (8) (a) with respect to any such bonds and that has been determined to be payable from the bond security and redemption fund under s. 18.06 (8) (a) 2.

SB40, s. 150 Section 150. 18.13 (4g) of the statutes is created to read:

SB40,109,11 18.13 (4g) Public intervenor. Notwithstanding s. 165.075, the public intervenor does not have authority to initiate any action or proceeding concerning the issuance of obligations by the building commission under this chapter.

SB40, s. 151 Section 151. 18.55 (6) (a) of the statutes is amended to read:

SB40,109,24 18.55 (6) (a) At the time of, or in anticipation of, contracting revenue obligations and at any time thereafter while the revenue obligations are outstanding, the commission may enter into agreements and ancillary arrangements relating to the revenue obligations, including trust indentures, liquidity facilities, remarketing or dealer agreements, letter of credit agreements, insurance policies, guaranty agreements, reimbursement agreements, indexing agreements, or interest exchange agreements. Any payment made or received pursuant to any such agreements or ancillary arrangements shall be made from or deposited into a fund relating to the relevant revenue obligation, as determined by the commission. The determination of the commission included in an interest exchange agreement that such an agreement relates to a revenue obligation shall be conclusive.

SB40, s. 152 Section 152. 18.73 (5) of the statutes is created to read:

SB40,110,13 18.73 (5) Agreements and arrangements; delegation; use of operating notes. (a) At the time of, or in anticipation of, contracting operating notes and at any time thereafter while the operating notes are outstanding, the commission may enter into agreements and ancillary arrangements relating to the operating notes, including liquidity facilities, remarketing or dealer agreements, letter of credit agreements, insurance policies, guaranty agreements, reimbursement agreements, indexing agreements, or interest exchange agreements. Any payment received pursuant to any such agreements or ancillary arrangements shall be deposited in, and any payments made pursuant to any such agreements or ancillary arrangements will be made from, the general fund or the operating note redemption fund, as determined by the commission. The determination of the commission included in an interest exchange agreement that such an agreement relates to an operating note shall be conclusive.

SB40,110,16 (b) The commission may delegate to other persons the authority and responsibility to take actions necessary and appropriate to implement agreements and ancillary arrangements under par. (a).

SB40,110,18 (c) Any operating notes may include operating notes contracted to fund interest, accrued or to accrue, on the operating notes.

SB40, s. 153 Section 153. 18.74 of the statutes is amended to read:

SB40,111,2 18.74 Application of operating note proceeds. All moneys resulting from the contracting of operating notes or any payment to be received under an agreement or ancillary arrangement entered into under s. 18.73 (5) with respect to any such operating notes shall be credited to the general fund, except that moneys which represent premium and accrued interest on operating notes, or moneys for purposes of funding or refunding operating notes pursuant to s. 18.72 (1) shall be credited to the operating note redemption fund.

SB40, s. 154 Section 154. 18.75 (2) of the statutes is amended to read:

SB40,111,9 18.75 (2) The operating note redemption fund shall be expended and all moneys from time to time on hand therein are irrevocably appropriated, in sums sufficient, only for the payment of principal and interest on operating notes giving rise to it and premium, if any, due upon refunding or early redemption of such operating notes, and for the payment due, if any, under an agreement or ancillary arrangement entered into under s. 18.73 (5) with respect to such operating notes.

SB40, s. 155 Section 155. 18.75 (4) of the statutes is amended to read:

SB40,111,25 18.75 (4) There shall be transferred, under s. 20.855 (1) (a), a sum sufficient for the payment of the principal, interest and premium due, if any, on the and for the payment due, if any, under an agreement or ancillary arrangement entered into pursuant to s. 18.73 (5) with respect to operating notes giving rise to it as the same falls due. Such transfers shall be so timed that there is at all times on hand in the fund an amount not less than the amount to be paid out of it during the ensuing 30 days or such other period if so provided for in the authorizing resolution. The commission may pledge the deposit of additional amounts at periodic intervals and the secretary of the department may impound moneys of the general fund, including moneys temporarily reallocated from other funds under s. 20.002 (11), in accordance with the pledge of revenues in the authorizing resolution, and all such impoundments are deemed to be payments for purposes of s. 16.53 (10), but no such impoundment may be made until the amounts to be paid into the bond security and redemption fund under s. 18.09 during the ensuing 30 days have been deposited in the bond security and redemption fund.

SB40, s. 156 Section 156. 19.32 (1) of the statutes is amended to read:

SB40,112,12 19.32 (1) "Authority" means any of the following having custody of a record: a state or local office, elected official, agency, board, commission, committee, council, department or public body corporate and politic created by constitution, law, ordinance, rule or order; a governmental or quasi-governmental corporation except for the Bradley center sports and entertainment corporation; a local exposition district under subch. II of ch. 229; a family long-term care district under s. 46.2895; any court of law; the assembly or senate; a nonprofit corporation which receives more than 50% of its funds from a county or a municipality, as defined in s. 59.001 (3), and which provides services related to public health or safety to the county or municipality; a nonprofit corporation operating the Olympic ice training center under s. 42.11 (3); or a formally constituted subunit of any of the foregoing.