AB717,37,223
126.73
(1) Payments from the fund Generally. The Except as provided in sub.
24(2) or (3), the department may demand and collect
, from a contractor
, any claim
25amounts that the department pays under s. 126.72 (1) or under s. 126.72 (2) with the
1proceeds of
a loan under s. 126.06 (1) (b)
contingent financial backing under s. 126.06
2(1) because of the contractor's default.
AB717, s. 139
3Section
139. 126.73 (3) of the statutes is created to read:
AB717,37,84
126.73
(3) Trade credit insurance payments. If the department files a claim
5against a trade credit insurance policy under s. 126.72 (2) and obtains and uses
6proceeds from the insurance policy to make payments authorized under s. 126.72 (2),
7the trade credit insurer may demand and collect the amount of those payments from
8the defaulting contractor.
AB717, s. 140
9Section
140. 126.81 (intro.) and (1) of the statutes are renumbered 126.81 (1)
10(intro.) and (a).
AB717, s. 141
11Section
141. 126.81 (1) (c) of the statutes is created to read:
AB717,37,1312
126.81
(1) (c) Specify additional circumstances for denying claims under s.
13126.70 (4) (k).
AB717, s. 142
14Section
142. 126.81 (2) of the statutes is renumbered 126.81 (1) (b) and
15amended to read:
AB717,37,1716
126.81
(1) (b) Modify the license fees and surcharges
provided in under s.
17126.11 (4), 126.26 (3), 126.41 (3)
, 126.42, or 126.56 (4).
AB717, s. 143
18Section
143. 126.81 (2m) of the statutes is created to read:
AB717,37,1919
126.81
(2m) The department shall promulgate rules to do all of the following:
AB717,37,2120
(a) Specify license fees and surcharges under ss. 126.11 (4), 126.26 (3), and
21126.56 (4).
AB717,37,2222
(b) Specify fund assessments under s. 126.46 (1).
AB717, s. 144
23Section
144. 126.81 (3) of the statutes is repealed.
AB717, s. 145
24Section
145. 126.81 (4) of the statutes is renumbered 126.81 (d).
AB717, s. 146
25Section
146. 126.85 (1) of the statutes is amended to read:
AB717,38,8
1126.85
(1) General. The department may, by special order, require a contractor
2to remedy a violation of this chapter
or, a rule promulgated under this chapter
, or a
3condition imposed under s. 126.86 (1). The department may order the contractor to
4take specific remedial actions, including actions to remedy deficiencies or to prevent
5losses to persons protected under this chapter.
In an order under this subsection, the
6department may disqualify the contractor from the fund pending compliance with
7the order. Except as provided in sub. (2), the department shall give the contractor
8notice and an opportunity for hearing before the department issues an order.
AB717, s. 147
9Section
147. 126.85 (2) (h) and (i) of the statutes are created to read:
AB717,38,1110
126.85
(2) (h) A contractor fails to file a financial statement with the
11department by the time or in the form required under this chapter.
AB717,38,1412
(i) A contractor fails to pay an amount owed under s. 126.73 within 60 days after
13the contractor receives a written demand for payment from the department or other
14person to whom payment is due under s. 126.73.
AB717, s. 148
15Section
148. 126.86 (1) (f) of the statutes is repealed and recreated to read:
AB717,38,1816
126.86
(1) (f) The contractor fails to pay an amount owed under s. 126.73 within
1760 days after the contractor receives a written demand for payment from the
18department or other person to whom payment is due under s. 126.73.
AB717, s. 149
19Section
149. 126.86 (1) (g) of the statutes is repealed.
AB717, s. 150
20Section
150. 126.86 (3) (a) of the statutes is amended to read:
AB717,39,221
126.86
(3) (a) The department may, without prior notice or hearing, summarily
22suspend, revoke, or impose conditions on a license held by a contractor if the
23department
finds that any of the conditions identified in s. 126.85 (2) exist or
24otherwise finds that summary action is necessary to prevent a clear and imminent
1threat of harm to persons protected under this chapter.
Conditions indicating a clear
2and imminent threat of harm include those identified in s. 126.85 (2).
AB717, s. 151
3Section
151. 126.88 of the statutes is renumbered 126.88 (1) and amended to
4read:
AB717,39,85
126.88
(1) The department may by rule modify the fund assessments provided
6under s. 126.15, 126.30,
126.46, or 126.60. The department shall modify fund
7assessments
under ss. 126.15, 126.30, 126.46, and 126.60 as necessary to do all of the
8following:
AB717,39,109
(a) Maintain an overall fund balance of at least $5,000,000
after January 1,
102006, but not more than $22,000,000
at any time.
AB717,39,1211
(b) Maintain a fund balance attributable to grain dealers of at least $1,000,000
12after January 1, 2006, but not more than $6,000,000
at any time.
AB717,39,1413
(c) Maintain a fund balance attributable to grain warehouse keepers of at least
14$200,000
after January 1, 2006, but not more than $1,000,000
at any time.
AB717,39,1615
(d) Maintain a fund balance attributable to milk contractors of at least
16$3,000,000
after January 1, 2006, but not more than $12,000,000
at any time.
AB717,39,1817
(e) Maintain a fund balance attributable to vegetable contractors of at least
18$800,000
after January 1, 2006, but not more than $3,000,000
at any time.
AB717, s. 152
19Section
152. 126.88 (2) of the statutes is created to read:
AB717,39,2420
126.88
(2) (a) If the fund balance for a portion of the fund under sub. (1) (b) to
21(e) falls below the minimum amount required for that portion of the fund, the
22department shall by rule modify the assessment rates for the type of contractor that
23contributes to that portion of the fund so that the assessment rates are adequate to
24reach and maintain the minimum balance within a reasonable time.
AB717,40,10
1(b) The department may use the procedure under s. 227.24 to promulgate a rule
2modifying an assessment under par. (a). In a rule promulgated under this
3paragraph, the department may not provide that the modification of an assessment
4takes effect before the beginning of the next license year. Notwithstanding s. 227.24
5(1) (c) and (2), a rule promulgated under this paragraph may remain in effect for not
6more than 24 months. Notwithstanding s. 227.24 (1) (a) and (3), the department is
7not required to determine that promulgating a rule under this paragraph as an
8emergency rule is necessary for the preservation of the public peace, health, safety,
9or welfare and is not required to provide a finding of emergency for a rule
10promulgated under this paragraph.