Amendment JR1 AA13-AB4

LRBa0151/1

RAC:jld:ph

January 2011 Special Session

2011 - 2012 LEGISLATURE

ASSEMBLY AMENDMENT 13, TO ASSEMBLY BILL 4

January 20, 2011 - Offered by Representatives Barca, Turner, Mason and Steinbrink.

AB4-AA13,1,1 At the locations indicated, amend the bill as follows:

AB4-AA13,1,3 1. Page 1, line 2: after "program" insert "and providing for an increase in principal payments for general fund supported borrowing".

AB4-AA13,1,4 2. Page 1, line 4: delete "par." and substitute "par. pars. (am) and".

AB4-AA13,1,5 3. Page 2, line 4: after that line insert:

AB4-AA13,1,6 " Section 1d. 560.703 (1) (am) of the statutes is created to read:

AB4-AA13,1,11 560.703 (1) (am) If the department does not allocate the additional $25,000,000 in tax benefits specified in par. (a) before July 1, 2012, the department may not allocate the additional $25,000,000 in tax benefits specified in par. (a) and the department shall notify the department of administration on July 1, 2012, that such tax benefits shall not be allocated.".

AB4-AA13,1,12 4. Page 2, line 7: after that line insert:

AB4-AA13,2,5 "(2c) Payments towards general fund supported borrowing. If the department of administration receives notice under section 560.703 (1) (am) of the statutes, as created by this act, the state shall pay an additional $25,000,000 in principal payments towards general fund supported borrowing during the 2012-13 fiscal year over the amount that was previously authorized for such payment.".

AB4-AA13,2,6 (End)