LRBs0485/1
JTK:skg:ks
1995 - 1996 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
To 1995 ASSEMBLY BILL 732
February 13, 1996 - Offered by Representative Grothman.
AB732-ASA1,1,5
1An Act to amend 11.01 (6) (a) 1., 3., 7. and (7) (a) 1. and 3. and 11.06 (1) (f); and
2to create 11.06 (13) of the statutes;
relating to: treatment of certain loans
3made by a committee of a recognized political party or legislative campaign
4committee to a candidate for a partisan state office or his or her personal
5campaign committee.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB732-ASA1, s. 1
6Section
1. 11.01 (6) (a) 1., 3., 7. and (7) (a) 1. and 3. of the statutes are amended
7to read:
AB732-ASA1,1,148
11.01
(6) (a) 1. A gift, subscription, loan, advance, or deposit of money or
9anything of value (except a loan of money by a commercial lending institution made
10by the institution in accordance with applicable laws and regulations in the ordinary
11course of business
or a loan in a form other than money made by a political party or
12legislative campaign committee to a candidate or personal campaign committee
13under s. 11.06 (13)), made for political purposes. In this subdivision "anything of
14value" means a thing of merchantable value.
AB732-ASA1,2,6
13. A contract, promise or agreement, if legally enforceable, to make a gift,
2subscription, loan, advance, or deposit of money or anything of value (except a loan
3of money by a commercial lending institution in accordance with applicable laws and
4regulations in the ordinary course of business
or a loan in a form other than money
5made by a political party or legislative campaign committee to a candidate or
6personal campaign committee under s. 11.06 (13)) for a political purpose.
AB732-ASA1,2,157
7. A gift, subscription, loan, advance, or deposit of money or anything of value
8(except a loan of money by a commercial lending institution made by the institution
9in accordance with applicable laws and regulations in the ordinary course of business
10or a loan in a form other than money made by a political party or legislative campaign
11committee to a candidate or personal campaign committee under s. 11.06 (13)), or a
12contract, promise or agreement, if legally enforceable, to make the same, made by a
13committee for a purpose authorized under s. 11.25 (2) (b), or by an individual for a
14purpose authorized under s. 11.25 (2) (b) if deposited in a campaign depository
15account.
AB732-ASA1,2,22
16(7) (a) 1. A purchase, payment, distribution, loan, advance, deposit, or gift of
17money or anything of value (except a loan of money by a commercial lending
18institution made by the institution in accordance with applicable laws and
19regulations in the ordinary course of business
or a loan in a form other than money
20made by a political party or legislative campaign committee to a candidate or
21personal campaign committee under s. 11.06 (13)), made for political purposes. In
22this subdivision, "anything of value" means a thing of merchantable value.
AB732-ASA1,3,423
3. A contract, promise, or agreement, if legally enforceable, to make a purchase,
24payment, distribution, loan, advance, deposit or gift of money or anything of value
25(except a loan of money by a commercial lending institution in accordance with
1applicable laws and regulations in the ordinary course of business
or a loan in a form
2other than money made by a political party or legislative campaign committee to a
3candidate or personal campaign committee under s. 11.06 (13)) for a political
4purpose.
AB732-ASA1,3,146
11.06
(1) (f) An itemized statement of each loan of money made to the registrant
7for a political purpose
, and each loan in a form other than money made to or received
8by a candidate or personal campaign committee under s. 11.06 (13), in an aggregate
9amount or value in excess of $20, together with the full name and mailing address
10of the lender; a statement of whether the lender is a commercial lending institution
11or a committee of a recognized political party; the date and amount of the loan; the
12full name and mailing address of each guarantor, if any; the original amount
13guaranteed by each guarantor; and the balance of the amount guaranteed by each
14guarantor at the end of the reporting period.
AB732-ASA1,4,216
11.06
(13) Reporting of certain loans made by political party or legislative
17campaign committees. Any loan in a form other than money, or contract to make such
18a loan, made by a committee of a recognized political party or legislative campaign
19committee to a candidate for a partisan state office or his or her personal campaign
20committee may be reported by the recipient as a loan or as a contribution during the
21period beginning on the date of the loan and ending on the 90th day following the
22general or special election in which the candidate seeks office. The recipient shall
23inform the contributor of the method elected by the recipient for reporting any such
24loan and the contributor shall report the loan in the same manner. Any balance of
25the loan that is not repaid or reimbursed to the political party or legislative campaign
1committee after the 90th day following the general or special election in which the
2candidate seeks office shall be reported as a contribution.
