Amendment ASA1-AB100

AB100-ASA1,1477,9 281.59 (3) (a) 2. The total amount of financial assistance planned to be provided or committed to municipalities for projects under subd. 1. during the 4 fiscal years of the next 2 biennia biennium.

AB100-ASA1, s. 3548b Section 3548b. 281.59 (3) (a) 4. of the statutes is amended to read:

AB100-ASA1,1477,13 281.59 (3) (a) 4. The extent to which the funding for the clean water fund program and the safe drinking water loan program, in the environmental improvement fund, will be maintained in perpetuity.

AB100-ASA1, s. 3548e Section 3548e. 281.59 (3) (a) 4m. of the statutes is created to read:

AB100-ASA1,1477,16 281.59 (3) (a) 4m. A chart showing detailed projected sources and uses of funds for projects under subd. 1. during the next biennium.

AB100-ASA1, s. 3549b Section 3549b. 281.59 (3) (a) 5. of the statutes is amended to read:

AB100-ASA1,1478,2 281.59 (3) (a) 5. Audited The most recent available audited financial statements of the past operations and activities of the program under this section and s. 281.58 clean water fund program, the safe drinking water loan program and the land recycling loan program, the estimated environmental improvement fund capital available in each of the next 4 fiscal years for the clean water fund program and the safe drinking water loan program, and the projected clean water environmental improvement fund balance for the clean water fund program and the safe drinking water loan program for each of the next 20 years given existing obligations and financial conditions.

AB100-ASA1, s. 2549 Section 2549. 281.59 (3) (a) 5m. of the statutes is amended to read:

AB100-ASA1,1478,6 281.59 (3) (a) 5m. The estimated spending level and percentage of market interest rate for the types of projects specified under s. 281.58 (7) (b) 1. to 3. under subd. 1.

AB100-ASA1, s. 2550 Section 2550. 281.59 (3) (a) 6. of the statutes is amended to read:

AB100-ASA1,1478,12 281.59 (3) (a) 6. An amount equal to the estimated present value of subsidies for all clean water fund program loans and grants expected to be made for the wastewater treatment projects listed in the biennial needs list under s. 281.58 (3m), discounted at a rate of 7% per year to the first day of the biennium for which the biennial finance plan is prepared.

AB100-ASA1, s. 2551 Section 2551. 281.59 (3) (a) 6e. of the statutes is created to read:

AB100-ASA1,1478,17 281.59 (3) (a) 6e. An amount equal to the estimated present value of subsidies for all loans under the land recycling loan program to be made during the biennium for which the biennial finance plan is prepared, discounted at a rate of 7% per year to the first day of that biennium.

AB100-ASA1, s. 2552 Section 2552. 281.59 (3) (a) 6m. of the statutes is created to read:

AB100-ASA1,1478,22 281.59 (3) (a) 6m. An amount equal to the estimated present value of subsidies for all loans and grants under the safe drinking water loan program to be made during the biennium for which the biennial finance plan is prepared, discounted at a rate of 7% per year to the first day of that biennium.

AB100-ASA1, s. 2553 Section 2553. 281.59 (3) (a) 7. of the statutes is amended to read:

AB100-ASA1,1478,25 281.59 (3) (a) 7. A discussion of the assumptions made in calculating the amount amounts under subd. subds. 6., 6e. and 6m.

AB100-ASA1, s. 2554 Section 2554. 281.59 (3) (a) 8. of the statutes is amended to read:

AB100-ASA1,1479,3 281.59 (3) (a) 8. The amount and description of any service fee expected to be charged during the next biennium under this section to an applicant.

AB100-ASA1, s. 2555 Section 2555. 281.59 (3) (b) of the statutes is amended to read:

AB100-ASA1,1479,9 281.59 (3) (b) The department of administration and the department shall consider as a guideline in preparing the portion of the biennial finance plan for the clean water fund program that all state water pollution abatement general obligation debt service costs should not exceed 50% of all general obligation debt service costs to the state.

AB100-ASA1, s. 2556 Section 2556. 281.59 (3) (c), (d), (dm), (e), (f) and (i) of the statutes are renumbered 281.59 (3e) (a), (b), (c), (d), (e) and (f) and amended to read:

AB100-ASA1,1479,14 281.59 (3e) (a) No moneys from the clean water fund may be expended for the clean water fund program in a biennium until the legislature reviews and approves all of the following as part of the biennial budget act for the biennium:

AB100-ASA1,1479,17 1. An amount of present value of the subsidy for the clean water fund program that is specified for that biennium under par. (d) (b) and is based on the amount included in the biennial finance plan under par. sub. (3) (a) 6.

AB100-ASA1,1479,20 2. The amount of public debt, authorized under s. 20.866 (2) (tc), that the state may contract for the purposes of s. 281.58 and this section the clean water fund program.

AB100-ASA1,1479,22 3. The amount of revenue obligations, authorized under sub. (4) (f), that may be issued for the purposes specified in s. 25.43 (3) of the clean water fund program.

AB100-ASA1,1479,25 (b) The amount of present value of the subsidy for the clean water fund program that is required to be specified under par. (c) (a) 1. and approved by the legislature under this paragraph is as follows:

AB100-ASA1,1480,1 1. Equal to $83,400,000 $82,400,000 during the 1995-97 1997-99 biennium.

AB100-ASA1,1480,2 3. Equal to $1,000 for any biennium after the 1995-97 1997-99 biennium.

AB100-ASA1,1480,10 (c) The department of administration may allocate amounts approved under par. (d) (b) as the present value of subsidies for financial assistance under this section and s. 281.58 the clean water fund program, including financial hardship assistance and assistance for the additional costs of approved projects. The department of administration may allocate amounts from the amount approved under par. (d) (b) for a biennium until December 30 of the fiscal year immediately following the biennium for projects for which complete applications under s. 281.58 (9) (a) are submitted before the end of the biennium.

AB100-ASA1,1480,15 (d) The department may expend, for financial assistance in a biennium other than financial hardship assistance under s. 281.58 (13) (e), an amount up to 85% of the amount approved by the legislature under par. (d) (b). The department may expend such amount only from the percentage of the amount approved under par. (d) (b) that is not available under par. (f) (e) for financial hardship assistance.

AB100-ASA1,1480,20 (e) The department may expend, for financial hardship assistance in a biennium under s. 281.58 (13) (e), an amount up to 15% of the amount approved by the legislature under par. (d) (b) for that biennium. The department may expend such amount only from the percentage of the amount approved by the legislature under par. (d) (b) that is not available under par. (e) (d) for financial assistance.

AB100-ASA1,1480,25 (f) Using the amount approved under par. (d) (b) as a base, the department of administration shall calculate the present value of the actual subsidy of each clean water fund program loan or grant to be made for those projects in each biennium that are approved for financial assistance by the 2 departments. The present value shall be discounted as provided under par. sub. (3) (a) 6.

AB100-ASA1, s. 2557 Section 2557. 281.59 (3) (j) of the statutes is amended to read:

AB100-ASA1,1481,8 281.59 (3) (j) No later than November 1 of each odd-numbered year, the department of administration and the department jointly shall submit a report, to the building commission and committees as required under par. (bm), on the implementation of the amount established under par. (d) sub. (3e) (b) as required under s. 281.58 (9m) (e), and on the operations and activities of the clean water fund program, the safe drinking water loan program and the land recycling loan program for the previous biennium.

AB100-ASA1, s. 2558 Section 2558. 281.59 (3e) (title) of the statutes is created to read:

AB100-ASA1,1481,10 281.59 (3e) (title) Clean water fund program expenditures.

AB100-ASA1, s. 2559 Section 2559. 281.59 (3m) of the statutes is created to read:

AB100-ASA1,1481,17 281.59 (3m) Land recycling loan program expenditures. (a) No moneys may be expended for the land recycling loan program in a biennium until the legislature reviews and approves, as part of the biennial budget act for the biennium, an amount of present value of the subsidy for the land recycling loan program that is specified for that biennium under par. (b) and is based on the amount included in the biennial finance plan under sub. (3) (a) 6e.

AB100-ASA1,1481,19 (b) The amount of present value of the subsidy for the land recycling loan program that is approved by the legislature under this paragraph is as follows:

AB100-ASA1,1481,20 1. Equal to $4,500,000 during the 1997-99 biennium.

AB100-ASA1,1481,21 2. Equal to $1,000 for any biennium after the 1997-99 biennium.

AB100-ASA1,1481,24 (c) The department of administration may allocate amounts approved under par. (b) as the present value of subsidies for financial assistance under the land recycling program.

AB100-ASA1,1482,5 (d) Using the amount approved under par. (b) as a base, the department of administration shall calculate the present value of the actual subsidy of each land recycling loan made for those projects in each biennium that are approved for financial assistance. The present value shall be discounted as provided under sub. (3) (a) 6e.

AB100-ASA1, s. 2560 Section 2560. 281.59 (3s) of the statutes is created to read:

AB100-ASA1,1482,10 281.59 (3s) Safe drinking water loan program expenditures. (a) No moneys may be expended for the safe drinking water loan program in a biennium until the legislature reviews and approves all of the following as part of the biennial budget act for the biennium:

AB100-ASA1,1482,13 1. An amount of present value of the subsidy for the safe drinking water loan program that is specified for that biennium under par. (b) and is based on the amount included in the biennial finance plan under sub. (3) (a) 6m.

AB100-ASA1,1482,15 2. The amount of public debt, authorized under s. 20.866 (2) (td), that the state may contract for the purposes of the safe drinking water loan program.

AB100-ASA1,1482,17 (b) The amount of present value of the subsidy for the safe drinking water loan program that is approved by the legislature under this paragraph is as follows:

AB100-ASA1,1482,18 1. Equal to $21,000,000 during the 1997-99 biennium.

AB100-ASA1,1482,19 2. Equal to $1,000 for any biennium after the 1997-99 biennium.

AB100-ASA1,1482,22 (c) The department of administration may allocate amounts approved under par. (b) as the present value of subsidies for financial assistance under the safe drinking water program.

AB100-ASA1,1483,2 (d) Using the amount approved under par. (b) as a base, the department of administration shall calculate the present value of the actual subsidy of each safe drinking water loan or grant made for those projects in each biennium that are approved for financial assistance. The present value shall be discounted as provided under sub. (3) (a) 6m.

AB100-ASA1, s. 2561 Section 2561. 281.59 (4) (am) of the statutes is amended to read:

AB100-ASA1,1483,8 281.59 (4) (am) Deposits, appropriations or transfers to the clean water environmental improvement fund for the purposes specified in s. 25.43 (3) of the clean water fund program may be funded with the proceeds of revenue obligations issued subject to and in accordance with subch. II of ch. 18 or in accordance with subch. IV of ch. 18 if designated a higher education bond.

AB100-ASA1, s. 2562 Section 2562. 281.59 (4) (c) of the statutes is amended to read:

AB100-ASA1,1483,19 281.59 (4) (c) The building commission may pledge any portion of revenues received or to be received in the fund established in par. (b) or the clean water environmental improvement fund to secure revenue obligations issued under this subsection. The pledge shall provide for the transfer to the clean water environmental improvement fund of all pledged revenues, including any interest earned on the revenues, which are in excess of the amounts required to be paid under s. 20.320 (1) (c) and (u) for the purposes specified in s. 25.43 (3) of the clean water fund program. The pledge shall provide that the transfers be made at least twice yearly, that the transferred amounts be deposited in the clean water environmental improvement fund and that the transferred amounts are free of any prior pledge.

AB100-ASA1, s. 2563 Section 2563. 281.59 (9) (a), (am) and (b) (intro.) and 1. of the statutes are amended to read:

AB100-ASA1,1484,3 281.59 (9) (a) A loan approved under this section and s. 281.58 the clean water fund program, the safe drinking water loan program or the land recycling loan program shall be for no longer than 20 years, as determined by the department of administration, be fully amortized not later than 20 years after the original date of the note, and require the repayment of principal and interest, if any, to begin not later than 12 months after the expected date of completion of the project that it funds, as determined by the department of administration.

AB100-ASA1,1484,14 (am) The department of administration, in consultation with the department, may establish those terms and conditions of a financial assistance agreement that relate to its financial management, including what type of municipal obligation, as set forth under s. 66.36, is required for the repayment of the financial assistance. Any terms and conditions established under this paragraph by the department of administration shall comply with the requirements of this section and s. 281.58, 281.60 or 281.61. In setting such the terms and conditions, the department of administration may consider factors that the department of administration finds are relevant, including the type of municipal obligation evidencing the loan, the pledge of security for the municipal obligation and the municipality's applicant's creditworthiness.

AB100-ASA1,1484,18 (b) (intro.) As a condition of receiving financial assistance under this section and s. 281.58, a municipality the clean water fund program, the safe drinking water loan program or the land recycling loan program, an applicant shall do all of the following:

AB100-ASA1,1484,20 1. Pledge the security, if any, required by the rules promulgated by the department of administration under this section and s. 281.58, 281.60 or 281.61.

AB100-ASA1, s. 2564 Section 2564. 281.59 (11) of the statutes is amended to read:

AB100-ASA1,1485,2 281.59 (11) Financial assistance payments. (a) The department of natural resources and the department of administration may enter into a financial assistance agreement with a municipality an applicant for which the department of administration has allocated subsidy under s. 281.58 (9m), 281.60 (8) or 281.61 (8) if the municipality applicant meets the conditions under sub. (9) and s. 281.58 (14) and the other requirements under this section and s. 281.58, 281.60 or 281.61.

AB100-ASA1,1485,6 (am) The department of administration shall make the financial assistance payments to a municipality which an applicant that has entered into a financial assistance agreement under par. (a) or to the municipality's applicant's designated agent.

AB100-ASA1,1485,15 (b) If a municipality fails to make a principal repayment or interest payment after its due date, the department of administration shall place on file a certified statement of all amounts due under this section and s. 281.58, 281.60 or 281.61. After consulting the department, the department of administration may collect all amounts due by deducting those amounts from any state payments due the municipality or may add a special charge to the amount of taxes apportioned to and levied upon the county under s. 70.60. If the department of administration collects amounts due, it shall remit those amounts to the fund to which they are due and notify the department of that action.

AB100-ASA1,1485,20 (c) The department of administration may retain the last payment under a financial assistance agreement until the department of natural resources and the department of administration determine that the project is completed and meets the applicable requirements of this section and s. 281.58, 281.60 or 281.61 and that the conditions of the financial assistance agreement are met.

AB100-ASA1, s. 2565 Section 2565. 281.59 (13m) of the statutes is amended to read:

AB100-ASA1,1486,12 281.59 (13m) Legislative moral obligation. The building commission may, at the time the loan is made, by resolution designate a loan made under this section and s. 281.58 the clean water fund program as one to which this subsection applies. If at any time the payments received or expected to be received from a municipality on any loan so designated are pledged to secure revenue obligations of the state issued pursuant to subch. II of ch. 18 and are insufficient to pay when due principal of and interest on such loan, the department of administration shall certify the amount of such insufficiency to the secretary of administration, the governor and the joint committee on finance. If the certification is received by the secretary of administration in an even-numbered year before the completion of the budget under s. 16.43, the secretary of administration shall include the certified amount in the budget compilation. In any event, the joint committee on finance shall introduce in either house, in bill form, an appropriation of the amount so requested for the purpose of payment of the revenue obligation secured thereby. Recognizing its moral obligation to do so, the legislature hereby expresses its expectation and aspiration that, if ever called upon to do so, it shall make the appropriation.

AB100-ASA1, s. 2566 Section 2566. 281.59 (13s) of the statutes is amended to read:

AB100-ASA1,1486,17 281.59 (13s) Powers. The department of administration may audit, or contract for audits of, projects receiving financial assistance under this section and s. 281.58 the clean water fund program, the safe drinking water loan program and the land recycling loan program.

AB100-ASA1, s. 2567 Section 2567. 281.59 (14) of the statutes is amended to read:

AB100-ASA1,1486,21 281.59 (14) Rules. The department of administration shall promulgate rules that are necessary for the proper execution of this section and of its responsibilities under s. ss. 281.58, 281.60 and 281.61.

AB100-ASA1, s. 2568 Section 2568. 281.60 of the statutes is created to read:

AB100-ASA1,1486,23 281.60 Land recycling loan program. (1) Definitions. In this section:

AB100-ASA1,1486,25 (a) "Eligible applicant" means an individual, corporation, partnership, association, commission or political subdivision.

AB100-ASA1,1487,1 (am) "Landfill" has the meaning given in s. 289.01 (20).

AB100-ASA1,1487,3 (b) "Land recycling loan program" means the program administered under this section with financial management provided under s. 281.59.

AB100-ASA1,1487,6 (c) "Market interest rate" means the interest at the effective rate of a revenue obligation issued by this state to fund a loan or portion of a loan for a clean water fund program project under s. 281.58.

AB100-ASA1,1487,7 (d) "Political subdivision" means a city, village, town or county.

AB100-ASA1,1487,8 (e) "Site or facility" has the meaning given in s. 292.35 (1) (f).

AB100-ASA1,1487,19 (2) General. The department and the department of administration may administer a program to provide financial assistance to eligible applicants for projects to remedy environmental contamination of sites or facilities at which environmental contamination has affected groundwater or surface water or threatens to affect groundwater or surface water. The department and the department of administration may provide financial assistance under this section to an eligible applicant only if the eligible applicant owns the contaminated site or facility. The department and the department of administration may not provide financial assistance under this section to remedy environmental contamination at a site or facility that is not a landfill if the eligible applicant caused the environmental contamination.

AB100-ASA1,1487,21 (2r) Methods of providing financial assistance. The following methods of providing financial assistance may be used under the land recycling loan program:

AB100-ASA1,1487,23 (a) Making loans below the market interest rate for projects described in sub. (2).

AB100-ASA1,1488,3 (b) Purchasing or refinancing the obligation of an eligible applicant if the obligation was incurred to finance the cost of a project described in sub. (2) and the obligation was initially incurred after May 17, 1988.

AB100-ASA1,1488,6 (c) Guaranteeing, or purchasing insurance for, obligations incurred to finance the cost of projects described in sub. (2) if the guarantee or insurance will provide credit market access or reduce interest rates.

AB100-ASA1,1488,10 (d) Providing payments to the board of commissioners of public lands to reduce principal or interest payments, or both, on loans made to political subdivisions under subch. II of ch. 24 by the board of commissioners of public lands for projects that are eligible for financial assistance under the land recycling loan program.

AB100-ASA1,1488,15 (3) Notice of intent to apply. (a) An eligible applicant shall submit notice of its intent to apply for financial assistance under the land recycling loan program. An eligible applicant shall submit the notice at least 6 months before the beginning of the fiscal year in which it will request to receive funding. The notice shall be in a form prescribed by the department and the department of administration.

AB100-ASA1,1488,17 (b) The department may waive par. (a) upon the written request of an eligible applicant.