SB21: Bill Text

SB21,1344,16 186.314 (2m) (e) Upon approval by the credit union members of the proposition for conversion under par. (c), the credit union shall take all necessary action under ch. 214 or 221 to complete the conversion to a savings bank or state bank. Within 90 days after receipt from the division of banking department of financial institutions and professional standards of a certificate of incorporation as a savings bank or state bank, the credit union shall file a copy of the certificate with the office of credit unions and the office of credit unions shall issue to a converting credit union a certificate of conversion to a savings bank or state bank.

SB21,3528 Section 3528. 194.01 (11) of the statutes is amended to read:

SB21,1344,21 194.01 (11) "Private motor carrier" means any person except a common or contract motor carrier engaged in the who provides transportation of property or passengers by commercial motor vehicle other than an automobile or trailer used therewith, upon the public highways and is not a contract motor carrier.

SB21,3529 Section 3529. 196.218 (3) (a) 3. b. of the statutes is amended to read:

SB21,1344,24 196.218 (3) (a) 3. b. The amounts appropriated under ss. 20.255 (3) (q), (qm), and (r), 20.285 (1) (q), and 20.505 (4) (s), (t), (tm), (tu), and (tw).

SB21,3530 Section 3530 . 196.218 (3) (a) 3. b. of the statutes, as affected by 2015 Wisconsin Act .... (this act), is amended to read:

SB21,1345,4 196.218 (3) (a) 3. b. The amounts appropriated under ss. 20.255 (3) (q), (qm), and (r), 20.285 (1) (q), and 20.505 (4) (s).

SB21,3531 Section 3531. 196.218 (5) (a) 6. of the statutes is repealed.

SB21,3532 Section 3532. 196.218 (5) (a) 10. of the statutes is created to read:

SB21,1345,7 196.218 (5) (a) 10. To make broadband expansion grants under s. 196.504.

SB21,3533 Section 3533. 196.49 (4) of the statutes is amended to read:

SB21,1345,12 196.49 (4) The commission may not issue a certificate under sub. (1), (2), or (3) for the construction of electric generating equipment and associated facilities unless the commission determines that brownfields, as defined in s. 238.13 235.13 (1) (a) or s. 560.13 (1) (a), 2009 stats., are used to the extent practicable.

SB21,3534 Section 3534. 196.491 (3) (a) 2m. b. of the statutes is amended to read:

SB21,1345,17 196.491 (3) (a) 2m. b. The applicant proposes alternative construction sites for the facility that are contiguous or proximate, provided that at least one of the proposed sites is a brownfield, as defined in s. 238.13 235.13 (1) (a), or the site of a former or existing large electric generating facility.

SB21,3535 Section 3535. 196.491 (3) (d) 8. of the statutes is amended to read:

SB21,1345,20 196.491 (3) (d) 8. For a large electric generating facility, brownfields, as defined in s. 238.13 235.13 (1) (a), are used to the extent practicable.

SB21,3536 Section 3536. 196.504 (2) (a) of the statutes is amended to read:

SB21,1345,25 196.504 (2) (a) To make broadband expansion grants to eligible applicants for the purpose of constructing broadband infrastructure in underserved areas designated under par. (d). Grants awarded under this section shall be paid from the appropriation appropriations under s. 20.155 (3) (g) (k), (r), and (rm).

SB21,3537 Section 3537. 196.504 (2) (c) of the statutes is amended to read:

SB21,1346,8 196.504 (2) (c) To establish criteria for evaluating applications and awarding grants under this section. The criteria shall prohibit grants that have the effect of subsidizing the expenses of a telecommunication provider or the monthly bills of telecommunications customers. The criteria shall give priority to projects that include matching funds, that involve public-private partnerships, that affect areas with no broadband service providers, that are scalable, or that affect a large geographic area or a large number of underserved individuals or communities.

SB21,3538 Section 3538. 200.49 (1) (b) of the statutes is amended to read:

SB21,1346,11 200.49 (1) (b) "Minority group member" has the meaning given under s. 16.287 203.07 (1) (f).

SB21,3539 Section 3539. 200.57 (1) (a) of the statutes is amended to read:

SB21,1346,16 200.57 (1) (a) "Disabled veteran-owned financial adviser" and "disabled veteran-owned investment firm" mean a financial adviser and investment firm, respectively, certified by the department of administration under s. 16.283 203.03 (3).

SB21,3540 Section 3540. 200.57 (1) (b) of the statutes is amended to read:

SB21,1346,20 200.57 (1) (b) "Minority financial adviser" and "minority investment firm" mean a financial adviser and investment firm, respectively, certified by the department of administration under s. 16.287 203.07 (2).

SB21,3541 Section 3541. Chapter 203 (title) of the statutes is created to read:

SB21,1346,22 chapter 203

SB21,1346,23 business development

SB21,3542 Section 3542. 203.01 of the statutes is created to read:

SB21,1346,25 203.01 Definitions. In this chapter:

SB21,1347,2 (1) "Department" means the department of financial institutions and professional standards.

SB21,1347,4 (2) "Secretary" means the secretary of financial institutions and professional standards.

SB21,3543 Section 3543. 214.01 (1) (f) of the statutes is created to read:

SB21,1347,7 214.01 (1) (f) "Department" means the department of financial institutions and professional standards.

SB21,3544 Section 3544. 214.01 (1) (im) of the statutes is repealed.

SB21,3545 Section 3545. 214.04 (21) (b) of the statutes is amended to read:

SB21,1347,25 214.04 (21) (b) The rules of the division department shall provide that any remote service unit shall be available for use, on a nondiscriminatory basis, by any state or federal savings bank which has its principal place of business in this state, by any other state or federal savings bank obtaining the consent of a state or federal savings bank that has its principal place of business in this state and is using the terminal and by all customers designated by a savings bank using the unit. This paragraph does not authorize a savings bank which has its principal place of business outside this state to conduct business as a savings bank in this state. A remote service unit shall be available for use, on a nondiscriminatory basis, by any credit union, state or national bank or state or federal savings and loan association, whose home office is located in this state, if the credit union, bank or savings and loan association requests to share its use, subject to joint rules established by the division of banking, the office of credit unions and the division department. The division department by order may authorize the installation and operation of a remote service unit in a mobile facility, after notice and hearing upon the proposed service stops of the mobile facility.

SB21,3546 Section 3546. 214.48 (4) (a) of the statutes is amended to read:

SB21,1348,7 214.48 (4) (a) An independent qualified appraiser, designated by the board of directors, who is properly licensed and certified by the department of safety and professional services or by another entity authorized to govern appraisal licensure and certification and who meets the requirements of title XI of the financial institutions reform, recovery and enforcement act of 1989, 12 USC 3331 to 3351 and regulations adopted pursuant to those sections.

SB21,3547 Section 3547. 214.715 (2) of the statutes is amended to read:

SB21,1348,12 214.715 (2) Employees of the division department may not be subject to any civil liability or penalty, or to any criminal prosecution, for any error in judgment or discretion made in good faith and upon reasonable grounds in any action taken or omitted under this chapter by the employee in an official capacity.

SB21,3548 Section 3548. 214.72 (1) (am) of the statutes is repealed.

SB21,3549 Section 3549. 214.72 (1) (b) of the statutes is amended to read:

SB21,1348,19 214.72 (1) (b) "Financial regulator" means the department secretary and deputy secretary, and an administrator having duties related to financial institutions, a supervisor of data processing, legal counsel, and a financial institution examiner employed by the department and includes any member of a financial regulator's immediate family, as defined in s. 19.42 (7).

SB21,3550 Section 3550. 214.725 (5) of the statutes is amended to read:

SB21,1348,23 214.725 (5) Employees of the division department or other designated agents may administer oaths and examine and take and preserve testimony under oath as to anything in the affairs or ownership of the savings bank or the entity examined.

SB21,3551 Section 3551. 214.78 (3) of the statutes is amended to read:

SB21,1349,6 214.78 (3) A person who subpoenaes a witness shall advance the fees and mileage of the witness. Witness fees shall be the same as fees under s. 814.67 (1) (b) and (c). The fees of witnesses who are called by the review board in the interests of the state shall be paid by the state upon presentation of proper vouchers approved by the chairperson of the review board and charged to the appropriation under s. 20.144 (1) 20.142 (2) (g).

SB21,3552 Section 3552. 215.01 (6) of the statutes is repealed.

SB21,3553 Section 3553. 215.01 (6f) of the statutes is created to read:

SB21,1349,10 215.01 (6f) "Department" means the department of financial institutions and professional standards.

SB21,3554 Section 3554. 215.02 (4) of the statutes is amended to read:

SB21,1349,16 215.02 (4) Immunity. Employees of the division department shall not be subject to any civil liability or penalty, nor to any criminal prosecution, for any error in judgment or discretion made in good faith and upon reasonable grounds in any action taken or omitted under this chapter by the employee in the employee's official capacity.

SB21,3555 Section 3555. 215.04 (1) (b) of the statutes is amended to read:

SB21,1349,19 215.04 (1) (b) Review the acts, orders, and determinations of the division department under this chapter.

SB21,3556 Section 3556. 215.04 (3) of the statutes is amended to read:

SB21,1350,2 215.04 (3) Witness fees. A person who causes a witness to be subpoenaed shall advance the fees and mileage expense of the witness. Witness fees shall be the same as fees under s. 814.67 (1) (b) and (c). The fees of witnesses who are called by the review board in the interests of the state shall be paid by the state upon presentation of proper vouchers approved by the chairperson of the review board and charged to the appropriation under s. 20.144 (1) 20.142 (2) (g).

SB21,3557 Section 3557. 217.02 (2k) of the statutes is created to read:

SB21,1350,5 217.02 (2k) "Department" means the department of financial institutions and professional standards.

SB21,3558 Section 3558. 217.02 (2m) of the statutes is repealed.

SB21,3559 Section 3559. 218.02 (1) (d) of the statutes is repealed.

SB21,3560 Section 3560. 218.02 (1) (dm) of the statutes is created to read:

SB21,1350,10 218.02 (1) (dm) "Department" means the department of financial institutions and professional standards.

SB21,3561 Section 3561. 218.04 (1) (bm) of the statutes is created to read:

SB21,1350,13 218.04 (1) (bm) "Department" means the department of financial institutions and professional standards.

SB21,3562 Section 3562. 218.04 (1) (c) of the statutes is repealed.

SB21,3563 Section 3563. 218.05 (1) (cm) of the statutes is created to read:

SB21,1350,17 218.05 (1) (cm) "Department" means the department of financial institutions and professional standards.

SB21,3564 Section 3564. 218.05 (1) (d) of the statutes is repealed.

SB21,3565 Section 3565. 219.09 (1) (h) of the statutes is created to read:

SB21,1350,20 219.09 (1) (h) The University of Wisconsin System Authority.

SB21,3566 Section 3566. 220.01 (1m) of the statutes is repealed.

SB21,3567 Section 3567. 221.0303 (2) of the statutes is amended to read:

SB21,1351,14 221.0303 (2) Operation and acquisition of customer bank communications terminals. A bank may, directly or indirectly, acquire, place, and operate, or participate in the acquisition, placement, and operation of, at locations other than its main or branch offices, customer bank communications terminals, in accordance with rules established by the division department. The rules of the division department shall provide that any such customer bank communications terminal shall be available for use, on a nondiscriminatory basis, by any state or national bank and by all customers designated by a bank using the terminal. This subsection does not authorize a bank which has its principal place of business outside this state to conduct banking business in this state. The customer bank communications terminals also shall be available for use, on a nondiscriminatory basis, by any credit union, savings and loan association, or savings bank, if the credit union, savings and loan association, or savings bank requests to share its use, subject to rules jointly established by the division of banking department and the office of credit unions. The division department by order may authorize the installation and operation of a customer bank communications terminal in a mobile facility, after notice and hearing upon the proposed service stops of the mobile facility.

SB21,3568 Section 3568. 221.0802 of the statutes is amended to read:

SB21,1352,4 221.0802 Banks may be placed in hands of division department. A bank doing business under this chapter may place its affairs and assets under the control of the division department by posting a notice on its front door, as follows: "This bank is in the hands of the Division of Banking of the Department of Financial Institutions and Professional Standards". Immediately upon posting such notice, the bank shall notify the division department of this action. The posting of the notice, or the taking possession of a bank by the division department, places the bank's assets and property in the possession of the division department, and bars any attachment proceedings. For each day the division department is placed in possession of the bank, and until such time as a special deputy is appointed under s. 220.08 (4), the bank shall pay to the division department the actual cost of such liquidation proceedings. The division department shall pay the amounts to the state treasurer and the percentage specified in s. 20.144 (1) 20.142 (2) (g) shall be credited to the appropriation account under s. 20.144 (1) 20.142 (2) (g).

SB21,3569 Section 3569. 222.0102 (3) of the statutes is repealed.

SB21,3570 Section 3570. 224.30 (5) of the statutes is created to read:

SB21,1352,10 224.30 (5) Electronic filing. (a) In this subsection, "filing" means the submission to the department of any form, instrument, application, report, notice, or other information required or permitted to be submitted to the department for retention in the department's records.

SB21,1352,15 (b) Subject to par. (c), the department may require any filing to be made electronically in a manner prescribed by the department. Subject to par. (c), if the department requires that a filing be made electronically, the department may require that any fee associated with the filing be paid using a suitable method prescribed by the department.

SB21,1352,17 (c) The department may waive any requirement imposed under par. (b) if all of the following apply:

SB21,1352,21 1. The person affected by the requirement makes a written request to the department, in a manner prescribed by the department, that the requirement be waived and clearly states in the request why the requirement causes the person undue hardship.

SB21,1352,23 2. The department determines, in its discretion, that the requirement, if imposed on the person, would cause the person undue hardship.

SB21,3571 Section 3571. 224.71 (1br) (intro.) of the statutes is amended to read:

SB21,1353,6 224.71 (1br) (intro.) "Bona fide nonprofit organization" means an organization that is described in section 501 (c) (3) of the Internal Revenue Code and exempt from federal income tax under section 501 (a) of the Internal Revenue Code, that is certified by the federal department of housing and urban development or the Forward Wisconsin Housing and Economic Development Authority, and that does all of the following:

SB21,3572 Section 3572. 224.71 (1e) of the statutes is repealed.

SB21,3573 Section 3573. 224.90 (1) of the statutes is repealed.