SB27-SSA1,1157,1616
2. "Savings bank holding company" has the meaning given in s. 214.01 (1) (tm).
SB27-SSA1,1157,1717
3. "State bank" means a bank organized under ch. 221.
SB27-SSA1,1157,1918
(b) A credit union may convert to a savings bank or state bank by complying
19with pars. (c) to (e).
SB27-SSA1,1158,1020
(c) The proposition for a conversion shall first be approved by a majority
21recommendation of the directors of the credit union. The directors shall, by a
22majority vote of the directors, set a date for a meeting of credit union members to vote
23on the conversion. Credit union members may also vote by written ballot to be filed
24on or before the meeting date. Written notice specifying the purpose and subject
25matter of the meeting and the date that is set for the meeting and for voting by
1submission of a written ballot shall be sent to each member eligible to vote at the
2member's address appearing on the records of the credit union. This notice shall be
3sent to each credit union member not more than 90 days nor less than 30 days before
4the date of the meeting to vote on the conversion and shall be accompanied by a
5written ballot. The ballot shall permit the member to vote for or against the proposal,
6shall clearly inform the member that the member may vote at the meeting or by
7submitting the written ballot, and shall state the date, time, and place of the
8meeting. Approval of the proposition for conversion shall be by affirmative vote, in
9person or in writing, of a majority of the credit union members voting at the meeting
10or by written ballot.
SB27-SSA1,1158,1611
(d) A credit union that proposes to convert to a savings bank or state bank under
12this subsection shall file with the office of credit unions a notice of its intent to convert
13and, within 10 days after the member vote on the conversion under par. (c), a
14statement of the results of the member vote. If the credit union members vote to
15approve the proposition for conversion, the member vote shall be verified by the office
16of credit unions.
SB27-SSA1,1158,2317
(e) Upon approval by the credit union members of the proposition for
18conversion under par. (c), the credit union shall take all necessary action under ch.
19214 or 221 to complete the conversion to a savings bank or state bank. Within 90 days
20after receipt from the division of banking of a certificate of incorporation as a savings
21bank or state bank, the credit union shall file a copy of the certificate with the office
22of credit unions and the office of credit unions shall issue to a converting credit union
23a certificate of conversion to a savings bank or state bank.
SB27-SSA1,1159,1024
(f) Upon conversion, the credit union shall cease to be a credit union, shall be
25a savings bank or state bank, shall no longer be subject to this chapter, and shall be
1subject to ch. 214 or 221 and all other provisions of law governing savings banks or
2state banks. Upon conversion, the legal existence of the savings bank or state bank
3shall be a continuation of the credit union, and all property and every right, privilege,
4interest, and asset of the credit union immediately, without any conveyance,
5transfer, or further act of the savings bank or state bank, vests in the savings bank
6or state bank. The resulting savings bank or state bank shall succeed to and be
7vested with all the rights, assets, obligations, and relations of the credit union, and
8all actions and other judicial proceedings to which the credit union is a party may be
9prosecuted and defended, to the same extent as though the conversion had not taken
10place.
SB27-SSA1,1159,1511
(g) Upon conversion of a credit union into a stock savings bank or state bank,
12the stock savings bank or state bank may distribute shares of the capital stock of the
13stock savings bank or state bank, or may distribute cash, or both, to the former
14members of the converted credit union in recognition of their ownership of the equity
15of the converted credit union.
SB27-SSA1,1159,1916
(h) 1. In this paragraph, "senior management official" means a chief executive
17officer, an assistant chief executive officer, a chief financial officer, and any other
18senior executive officer as defined by the appropriate federal banking agency as
19directed under
12 USC 1831i (f).
SB27-SSA1,1159,2520
2. No director or senior management official of a credit union may receive any
21economic benefit in connection with a conversion of the credit union to a savings bank
22or state bank except that a director or senior management official may receive
23director fees as well as compensation and other benefits paid to directors and senior
24management officials of the converted savings bank or state bank in the ordinary
25course of business.
SB27-SSA1,1160,112
196.31
(2m) From the appropriation under s. 20.155 (1) (j), the commission
3shall may make
an annual grant grants that, in the aggregate, do not exceed an
4annual total of $300,000 to
a one or more nonstock, nonprofit
corporation 5corporations that
is are described under section
501 (c) (3) of the Internal Revenue
6Code, and that
has have a history of advocating
at the commission on behalf of
7residential ratepayers for affordable rates ratepayers of this state, for the purpose
8of offsetting the general expenses of the
corporation
corporations, including salary,
9benefit, rent, and utility expenses.
The commission may impose conditions on grants
10made under this subsection and may revoke a grant if the commission finds that such
11a condition is not being met.
SB27-SSA1, s. 1678
12Section
1678. 196.374 (2) (a) 2. e. of the statutes is amended to read:
SB27-SSA1,1160,2013
196.374
(2) (a) 2. e. Components to implement energy efficiency or renewable
14energy measures in facilities of manufacturing businesses in this state that are
15consistent with
the objectives under s. 560.128 (1) (a) the implementation of energy
16efficiency or renewable energy measures in manufacturing facilities to enhance their
17competitiveness, the retooling of existing facilities to manufacture products that
18support the green economy, the expansion or establishment of domestic clean energy
19manufacturing operations, and creating or retaining jobs for workers engaged in
20such activities.
SB27-SSA1,1161,923
196.374
(3) (a)
In general. The commission shall have oversight of programs
24under sub. (2). The commission shall maximize coordination of program delivery,
25including coordination between programs under subs. (2) (a) 1., (b) 1. and 2., and (c)
1and (7), ordered programs, low-income weatherization programs under s. 16.957,
2renewable resource programs under s. 196.378, and other energy efficiency or
3renewable resource programs. The commission shall cooperate with the department
4of natural resources to ensure coordination of energy efficiency and renewable
5resource programs with air quality programs and to maximize and document the air
6quality improvement benefits that can be realized from energy efficiency and
7renewable resource programs.
The commission shall cooperate with the department
8of commerce to ensure coordination of energy efficiency and renewable resource
9programs under sub. (2) (a) 2. e. with the loan program under s. 560.128 (1) (a).
SB27-SSA1, s. 2710c
10Section 2710c. 196.374 (3) (b) 2. (intro.) of the statutes is renumbered 196.374
11(3) (b) 2. and amended to read:
SB27-SSA1,1161,2112
196.374
(3) (b) 2. The commission shall require each energy utility to spend 1.2
13percent of its annual operating revenues to fund the utility's programs under sub. (2)
14(b) 1., the utility's ordered programs, the utility's share of the statewide energy
15efficiency and renewable resource programs under sub. (2) (a) 1., and the utility's
16share, as determined by the commission under subd. 4., of the costs incurred by the
17commission in administering this section.
Subject to approval under subd. 3., the
18commission may require each energy utility to spend a larger percentage of its
19annual operating revenues to fund these programs and costs. The commission may
20make such a requirement based on the commission's consideration of all of the
21following:
SB27-SSA1,1162,4
1196.49
(4) The commission may not issue a certificate under sub. (1), (2), or (3)
2for the construction of electric generating equipment and associated facilities unless
3the commission determines that brownfields, as defined in
s. 238.13 (1) (a) or s.
4560.13 (1) (a),
2009 stats., are used to the extent practicable.
SB27-SSA1,1162,66
196.491
(2) (b) 2. Department of
commerce safety and professional services.
SB27-SSA1,1162,118
196.491
(2) (e) Any state agency, as defined in s.
560.9810 16.310 (1), county,
9municipality, town
, or person may submit written comments to the commission on
10a strategic energy assessment within 90 days after copies of the draft are issued
11under par. (b).
SB27-SSA1, s. 1684
12Section
1684. 196.491 (3) (a) 2m. b. of the statutes is amended to read:
SB27-SSA1,1162,1613
196.491
(3) (a) 2m. b. The applicant proposes alternative construction sites for
14the facility that are contiguous or proximate, provided that at least one of the
15proposed sites is a brownfield, as defined in s.
560.13 238.13 (1) (a), or the site of a
16former or existing large electric generating facility.
SB27-SSA1,1162,1918
196.491
(3) (d) 8. For a large electric generating facility, brownfields, as defined
19in s.
560.13 238.13 (1) (a), are used to the extent practicable.
SB27-SSA1,1163,1021
200.09
(1) A district formed under this subchapter shall be governed by a
225-member commission appointed for staggered 5-year terms. Except as provided in
23sub. (11), commissioners shall be appointed by the county board of the county in
24which the district is located. If the district contains territory of more than one county,
25the county boards of the counties not having the greatest population in the district
1shall appoint one commissioner each and the county board of the county having the
2greatest population in the district shall appoint the remainder. Of the initial
3appointments, the appointments for the shortest terms shall be made by the counties
4having the least amount of population, in reverse order of their population included
5in the district. Commissioners shall be residents of the district. Initial appointments
6shall be made no sooner than 60 days and no later than 90 days after issuance of the
7department order forming a district or after completion of any court proceedings
8challenging such order.
A per diem compensation not to exceed $50 may be paid to
9commissioners. Commissioners may be reimbursed for actual expenses incurred as
10commissioners in carrying out the work of the commission.
SB27-SSA1,1163,1712
200.09
(7) A per diem compensation
not to exceed $50 may be paid to
13commissioners
in an amount the commission specifies by resolution. Any change in
14the per diem amount after its initial establishment applies only to subsequently
15appointed or reappointed commissioners. Commissioners shall be reimbursed for
16actual expenses incurred as commissioners in carrying out the work of the
17commission.
SB27-SSA1,1163,2019
200.49
(1) (b) "Minority group member" has the meaning given under s.
20560.036 16.287 (1) (f).
SB27-SSA1,1163,2522
200.57
(1) (a) "Disabled veteran-owned financial adviser" and "disabled
23veteran-owned investment firm" mean a financial adviser and investment firm,
24respectively, certified by the department of
commerce
administration under s.
25560.0335 16.283 (3)
.
SB27-SSA1,1164,42
200.57
(1) (b) "Minority financial adviser" and "minority investment firm"
3mean a financial adviser and investment firm, respectively, certified by the
4department of
commerce administration under s.
560.036 16.287 (2).
SB27-SSA1,1164,96
214.40
(3) A stock financial institution seeking to convert to a savings bank
7under s. 214.66
(1m) shall, before declaring a dividend on its capital stock, transfer
8not less than 50% of its net profits of the preceding half year to its paid-in surplus
9until it has paid-in surplus equal to 20% of capital stock.
SB27-SSA1,1164,1611
214.48
(4) (a) An independent qualified appraiser, designated by the board of
12directors, who is properly licensed and certified by the department of
regulation and
13licensing safety and professional services or by another entity authorized to govern
14appraisal licensure and certification and who meets the requirements of title XI of
15the financial institutions reform, recovery and enforcement act of 1989,
12 USC 3331 16to
3351 and regulations adopted pursuant to those sections.
SB27-SSA1, s. 2719d
17Section 2719d. 214.66 (intro.) (except 214.66 (title)) of the statutes is
18renumbered 214.66 (1m) (intro.).
SB27-SSA1, s. 2719e
19Section 2719e. 214.66 (1) to (7) of the statutes are renumbered 214.66 (1m)
20(a) to (g).
SB27-SSA1,1164,2222
214.66
(1m) (title)
From savings and loan association or federal savings bank.
SB27-SSA1,1164,2524
214.66
(2) From credit union. A credit union under ch. 186 may become a
25savings bank by doing all of the following:
SB27-SSA1,1165,2
1(a) Applying to the division for authority to organize as a savings bank and
2satisfying all requirements under this chapter for organizing as a savings bank.
SB27-SSA1,1165,43
(b) Satisfying all requirements under s. 186.314 (2m) for conversion to a
4savings bank.
SB27-SSA1,1165,65
(c) Recording the savings bank's articles of incorporation in the county in which
6its home office is located.
SB27-SSA1,1165,128
218.0171
(1) (h) 2. The motor vehicle is out of service for an aggregate of at least
930 days because of warranty nonconformities.
Time during which repair services are
10not available to the consumer because of flood or other natural disaster, war,
11invasion, fire, or strike may not be included in the 30-day time period under this
12subdivision.
SB27-SSA1,1165,2514
218.0171
(2) (c) To receive a comparable new motor vehicle or a refund due
15under par. (b) 1. or 2., a consumer described under sub. (1) (b) 1., 2. or 3. shall offer
16to the manufacturer of the motor vehicle having the nonconformity to transfer title
17of that motor vehicle to that manufacturer. No later than 30 days after that offer, the
18manufacturer shall provide the consumer with the comparable new motor vehicle or
19refund. When the manufacturer provides the new motor vehicle or refund, the
20consumer shall return the motor vehicle having the nonconformity to the
21manufacturer and provide the manufacturer with the certificate of title and all
22endorsements necessary to transfer title to the manufacturer.
If another person is
23in possession of the certificate of title, as shown by the records of the department of
24transportation, that person shall, upon request of the consumer, provide the
25certificate to the manufacturer or to the consumer.
SB27-SSA1, s. 1691
1Section
1691. 218.0171 (2) (cm) 2. of the statutes is amended to read:
SB27-SSA1,1166,112
218.0171
(2) (cm) 2. To receive a refund due under par. (b) 3., a motor vehicle
3lessor shall offer to the manufacturer of the motor vehicle having the nonconformity
4to transfer title of that motor vehicle to that manufacturer. No later than 30 days
5after that offer, the manufacturer shall provide the refund to the motor vehicle lessor.
6When the manufacturer provides the refund, the motor vehicle lessor shall provide
7to the manufacturer the certificate of title and all endorsements necessary to
8transfer title to the manufacturer.
If another person is in possession of the certificate
9of title, as shown by the records of the department of transportation, that person
10shall, upon request of the motor vehicle lessor, provide the certificate to the
11manufacturer or to the motor vehicle lessor.
SB27-SSA1,1166,1613
218.11
(2) (am) 3. The department
of commerce may not disclose any
14information received under subd. 1. to any person except to the department of
15children and families for purposes of administering s. 49.22 or to the department of
16revenue for the sole purpose of requesting certifications under s. 73.0301.
SB27-SSA1,1166,2218
218.12
(2) (am) 2. The department
of commerce may not disclose a social
19security number obtained under par. (a) to any person except to the department of
20children and families for the sole purpose of administering s. 49.22 or to the
21department of revenue for the sole purpose of requesting certifications under s.
2273.0301.
SB27-SSA1,1167,924
218.23
(1) Whenever a licensed motor vehicle salvage dealer acquires a motor
25vehicle for the purpose of wrecking it, the dealer shall mail or deliver the certificate
1of title or if the transfer to the salvage dealer was by a bill of sale, the bill of sale, for
2such vehicle to the department within 30 days after the vehicle is delivered to the
3salvage yard unless the previous owner already has done so
or, if another person is
4in possession of the certificate of title, as shown by the records of the department of
5transportation, that person already has done so. If
he or she the dealer subsequently
6wishes to transfer such vehicle to another person,
he or she the dealer shall make
7such transfer only by bill of sale. In such bill of sale,
he or she the dealer shall
8describe the vehicle and shall state that the certificate of title for the vehicle has been
9mailed or delivered to the department because the vehicle was to have been junked.
SB27-SSA1,1167,13
11221.0219 Conversion of a credit union to a state bank. A credit union
12under ch. 186 may become a state bank under this chapter by doing all of the
13following:
SB27-SSA1,1167,16
14(1) Applying to the division of banking for authority to organize as a bank
15under this chapter and satisfying all requirements under this chapter for organizing
16as a bank.
SB27-SSA1,1167,18
17(2) Satisfying all requirements under s. 186.314 (2m) for conversion to a state
18bank.
SB27-SSA1,1167,20
19(3) Recording the bank's articles of incorporation in the county in which its
20home office is located.
SB27-SSA1,1167,2222
227.01
(13) (Lm) Relates to the personnel systems developed under s. 36.115.
SB27-SSA1,1167,2524
227.01
(13) (Ln) Relates to bidding procedures or changes thereto under s.
2536.11 (53).
SB27-SSA1,1168,52
227.01
(13) (t) Ascertains and determines prevailing wage rates under ss.
366.0903,
66.0904, 103.49, 103.50, and 229.8275, except that any action or inaction
4which ascertains and determines prevailing wage rates under ss. 66.0903,
66.0904, 5103.49, 103.50, and 229.8275 is subject to judicial review under s. 227.40.
SB27-SSA1,1168,87
227.01
(13) (yc) Adjusts the total cost threshold for highway projects under ss.
884.013 (2m) and 84.0145 (4).
SB27-SSA1,1168,1311
227.01
(13) (zi) Lists responsible units, as defined in s. 287.01 (9),
and
12out-of-state units, as defined in s. 287.01 (5), with an effective recycling program
13under s. 287.11 (3).
SB27-SSA1,1168,1716
227.115
(1) (a) "Department" means the department of
commerce 17administration.
SB27-SSA1,1168,2019
227.115
(1) (b) "State housing strategy plan" means the plan developed under
20s.
560.9802 16.302.
SB27-SSA1,1168,2222
227.115
(3) (a) 5. Housing costs, as defined in s.
560.9801 16.301 (3) (a) and (b).