AB100-ASA1, s. 2525
22Section
2525. 281.58 (12) (a) of the statutes is repealed and recreated to read:
AB100-ASA1,1471,2523
281.58
(12) (a) 1. Except as modified under par. (f) and except as restricted by
24sub. (8) (b), (c), (f) or (h), the interest rate for projects specified in sub. (7) (b) 1. and
252. is 55% of market interest rate.
AB100-ASA1,1472,3
12. Except as modified under par. (f) and except as restricted by sub. (8) (b), (c),
2(f) or (h), the interest rate for projects specified in sub. (7) (b) 5. is 65% of market
3interest rate.
AB100-ASA1,1472,64
3. Except as modified under par. (f) and except as restricted by sub. (8) (b), (c),
5(f) or (h), the interest rate for projects specified in sub. (7) (b) 4. is 70% of market
6interest rate.
AB100-ASA1,1472,97
4. The interest rate for projects specified in sub. (7) (b) 6. and 7. and for those
8portions of projects under subd. 1. that are restricted by sub. (8) (b), (c), (f) or (h) is
9market interest rate.
AB100-ASA1,1472,1210
5. The interest rate for a planning and design project specified in sub. (7) (b)
113. shall be determined under subd. 1., 2., 3. or 4. based on the type of project for which
12the planning and design are undertaken.
AB100-ASA1, s. 2526
13Section
2526. 281.58 (12) (c) (intro.), 1. and 2. of the statutes are repealed.
AB100-ASA1, s. 2527
14Section
2527. 281.58 (12) (c) 3. of the statutes is renumbered 281.58 (12) (c)
15and amended to read:
AB100-ASA1,1472,1816
281.58
(12) (c) The department
, in establishing percentage of market interest
17rates, and the department of administration shall attempt to ensure
that those rates
18do not result in any all of the following:
AB100-ASA1,1472,2219
1.
Beginning in fiscal year 1991, That increases in all state water pollution
20abatement general obligation debt service costs
greater than do not exceed 4%
21annually
in the fiscal year in which the rates are established and in the following
22fiscal year.
AB100-ASA1,1472,2523
2.
State That state water pollution abatement general obligation debt service
24costs
are not greater than 50% of all general obligation debt service costs in
the any 25fiscal year
in which the rates are established and in any of the following 3 fiscal years.
AB100-ASA1,1473,52
281.58
(12) (f) The department and the department of administration jointly
3may request the joint committee on finance to take action under s. 13.101 (11) to
4modify the percentage of market interest rates established
by rule for tier 1 and tier
52 projects in par. (a) 1. to 3.
AB100-ASA1, s. 2529
6Section
2529. 281.58 (13) (b) (intro.) of the statutes is amended to read:
AB100-ASA1,1473,117
281.58
(13) (b) (intro.) A municipality with an application that is approved
8under sub. (9m) is eligible for financial hardship assistance for the project costs that
9are eligible under
this section and s. 281.59 the clean water fund program, except for
10costs to which sub. (8) (b), (c), (f) or (h) applies, if the municipality meets all of the
11following criteria:
AB100-ASA1,1473,1613
281.58
(13) (g) 1. Except as provided in subd. 2., the department shall
14determine median household income by adjusting median household income as
15determined by the U.S. bureau of the census to reflect changes in household income
16since the most recent federal census.
AB100-ASA1,1473,2217
2. For a town sanitary district that has a population, as indicated on the
18application for assistance under this section, of 2,500 or less and that has boundaries
19that are not contiguous with a town, the department may not use information from
20the federal census to determine median household income. For such a town sanitary
21district, the department shall determine median household income based on data
22obtained from a 3rd party and submitted by the town sanitary district.
AB100-ASA1,1474,324
281.58
(13m) Minority business development and training program. (a) The
25department shall make grants to projects that are eligible for financial assistance
1under
this section and s. 281.59 the clean water fund program and that are identified
2as being part of the minority business development and training program under
3s.
66.905 (2) (b) 560.036 (2m) (b) 2.
AB100-ASA1,1474,84
(b) Grants provided under this subsection are not included for the purposes of
5determining under sub. (8) (i) the amount that a municipality may receive for
6projects under
this section and s. 281.59 the clean water fund program. Grants
7awarded under this subsection are not considered for the purposes of sub. (9m) (e)
8or s. 281.59
(3) (d) (3e) (b).
AB100-ASA1, s. 2531
9Section
2531. 281.58 (14) (b) (intro.) of the statutes is amended to read:
AB100-ASA1,1474,1210
281.58
(14) (b) (intro.) As a condition of receiving financial assistance under
11this section and s. 281.59 the clean water fund program, a municipality shall do all
12of the following:
AB100-ASA1,1474,15
14281.59 (title)
Clean water
Environmental improvement fund program;
15financial management.
AB100-ASA1, s. 2533
16Section
2533. 281.59 (1) (a) of the statutes is renumbered 281.59 (1) (am).
AB100-ASA1,1474,1918
281.59
(1) (ag) "Clean water fund program" means the program administered
19under s. 281.58, with financial management provided under this section.
AB100-ASA1,1474,2321
281.59
(1) (as) "Land recycling loan program" means the program
22administered under s. 281.60, with financial management provided under this
23section.
AB100-ASA1,1475,4
1281.59
(1) (b) "Market interest rate" means the interest at the effective rate of
2a revenue obligation issued by the state to fund a
project loan or a portion of a
project 3loan
under this section and s. 281.58 for a project under the clean water fund
4program.
AB100-ASA1,1475,86
281.59
(1) (cm) "Safe drinking water loan program" means the program
7administered under s. 281.61, with financial management provided under this
8section.
AB100-ASA1,1475,1310
281.59
(1) (d) "Subsidy" means the amounts provided
by the clean water from
11the environmental improvement fund to
clean water fund program, safe drinking
12water loan program and land recycling loan program projects
receiving financial
13assistance under this section and s. 281.58 for the following purposes:
AB100-ASA1,1475,1614
1. To reduce the interest rate of clean water fund
program, safe drinking water
15loan program and land recycling loan program loans from market rate to a subsidized
16rate.
AB100-ASA1,1475,1817
2.
To For the clean water fund program only, to provide for financial hardship
18assistance, including grants.
AB100-ASA1,1475,2120
281.59
(1) (d) 3. For the safe drinking water loan program only, to provide
21grants under s. 281.61 (8e).
AB100-ASA1,1475,2523
281.59
(1m) Establishment of programs. (a) There is established a clean
24water fund program, administered under s. 281.58, with financial management
25provided under this section.
AB100-ASA1,1476,2
1(b) There is established a safe drinking water loan program, administered
2under s. 281.61, with financial management provided under this section.
AB100-ASA1,1476,54
281.59
(2) (a) Administer its responsibilities under this section and
s. ss. 5281.58
, 281.60 and 281.61.
AB100-ASA1,1476,97
281.59
(2) (b) Cooperate with the department in administering the clean water
8fund program
, the safe drinking water loan program and the land recycling loan
9program.
AB100-ASA1,1476,1311
281.59
(2) (c) Accept and hold any letter of credit from the federal government
12through which the state receives federal capitalization grant payments and
13disbursements to the
clean water environmental improvement fund.
AB100-ASA1,1476,1615
281.59
(2m) (title)
Investment management;
clean water environmental
16improvement fund.
AB100-ASA1,1476,2118
281.59
(2m) (a) 1. Subject to par. (b), direct the investment board under s. 25.17
19(2) (d) to make any investment of the
clean water
environmental improvement fund,
20or in the collection of the principal and interest of all moneys loaned or invested from
21such that fund.
AB100-ASA1,1476,2423
281.59
(2m) (b) 1. The action provides a financial benefit to the
clean water 24environmental improvement fund.
AB100-ASA1,1477,2
1281.59
(2m) (b) 2. The action does not contradict or weaken the purposes of the
2clean water environmental improvement fund.
AB100-ASA1,1477,54
281.59
(3) (a) 1. An estimate of
the wastewater treatment
, safe drinking water
5and land recycling project needs of the state for the 4 fiscal years of the next 2 biennia.
AB100-ASA1,1477,97
281.59
(3) (a) 2. The total amount of financial assistance planned to be provided
8or committed
to municipalities for projects
under subd. 1. during
the 4 fiscal years
9of the next
2 biennia biennium.
AB100-ASA1,1477,1311
281.59
(3) (a) 4. The extent to which the
funding for the clean water fund
12program and the safe drinking water loan program, in the environmental
13improvement fund, will be maintained in perpetuity.
AB100-ASA1,1477,1615
281.59
(3) (a) 4m. A chart showing detailed projected sources and uses of funds
16for projects under subd. 1. during the next biennium.
AB100-ASA1,1478,218
281.59
(3) (a) 5.
Audited The most recent available audited financial
19statements of the past operations and activities of the
program under this section
20and s. 281.58 clean water fund program, the safe drinking water loan program and
21the land recycling loan program, the estimated
environmental improvement fund
22capital available in each of the next 4 fiscal years
for the clean water fund program
23and the safe drinking water loan program, and the projected
clean water 24environmental improvement fund balance
for the clean water fund program and the
1safe drinking water loan program for each of the next 20 years given existing
2obligations and financial conditions.
AB100-ASA1,1478,64
281.59
(3) (a) 5m. The
estimated spending level and percentage of market
5interest rate for the
types of projects
specified under s. 281.58 (7) (b) 1. to 3. under
6subd. 1.
AB100-ASA1,1478,128
281.59
(3) (a) 6. An amount equal to the estimated present value of subsidies
9for all clean water fund
program loans and grants expected to be made for the
10wastewater treatment projects listed in the biennial needs list under s. 281.58 (3m),
11discounted at a rate of 7% per year to the first day of the biennium for which the
12biennial finance plan is prepared.
AB100-ASA1,1478,1714
281.59
(3) (a) 6e. An amount equal to the estimated present value of subsidies
15for all loans under the land recycling loan program to be made during the biennium
16for which the biennial finance plan is prepared, discounted at a rate of 7% per year
17to the first day of that biennium.
AB100-ASA1,1478,2219
281.59
(3) (a) 6m. An amount equal to the estimated present value of subsidies
20for all loans and grants under the safe drinking water loan program to be made
21during the biennium for which the biennial finance plan is prepared, discounted at
22a rate of 7% per year to the first day of that biennium.
AB100-ASA1,1478,2524
281.59
(3) (a) 7. A discussion of the assumptions made in calculating the
25amount amounts under
subd. subds. 6
., 6e. and 6m.
AB100-ASA1,1479,32
281.59
(3) (a) 8. The amount
and description of any
service fee expected to be
3charged during the next biennium under this section
to an applicant.
AB100-ASA1,1479,95
281.59
(3) (b) The department of administration and the department shall
6consider as a guideline in preparing the
portion of the biennial finance plan
for the
7clean water fund program that all state water pollution abatement general
8obligation debt service costs should not exceed 50% of all general obligation debt
9service costs to the state.
AB100-ASA1, s. 2556
10Section
2556. 281.59 (3) (c), (d), (dm), (e), (f) and (i) of the statutes are
11renumbered 281.59 (3e) (a), (b), (c), (d), (e) and (f) and amended to read:
AB100-ASA1,1479,1412
281.59
(3e) (a) No moneys
from the clean water fund may be expended
for the
13clean water fund program in a biennium until the legislature reviews and approves
14all of the following as part of the biennial budget act for the biennium:
AB100-ASA1,1479,1715
1. An amount
of present value of the subsidy for the clean water fund program 16that is specified for that biennium under par.
(d)
(b) and is based on the amount
17included in the biennial finance plan under
par.
sub. (3) (a) 6.
AB100-ASA1,1479,2018
2. The amount of public debt, authorized under s. 20.866 (2) (tc), that the state
19may contract for the purposes of
s. 281.58 and this section the clean water fund
20program.
AB100-ASA1,1479,2221
3. The amount of revenue obligations, authorized under sub. (4) (f), that may
22be issued for the purposes
specified in s. 25.43 (3)
of the clean water fund program.
AB100-ASA1,1479,2523
(b) The amount
of present value of the subsidy for the clean water fund program 24that is
required to be specified under par.
(c) (a) 1. and approved by the legislature
25under this paragraph is
as follows:
AB100-ASA1,1480,1
11. Equal to
$83,400,000 $82,400,000 during the
1995-97 1997-99 biennium.
AB100-ASA1,1480,22
3. Equal to $1,000 for any biennium after the
1995-97
1997-99 biennium.
