AB164-ASA1,4,2322 b. The balance in the school district's general fund on the previous June 30 is
23equal to no more than 15% of the school district's operating budget.
AB164-ASA1,4,2524 c. The school board adopts the resolution to issue the note by unanimous vote
25of the entire membership of the school board.
AB164-ASA1, s. 9
1Section 9. 67.12 (12) (e) 2w. of the statutes is created to read:
AB164-ASA1,5,42 67.12 (12) (e) 2w. If a school board borrows funds under this section and subd.
32. does not apply as a result of subd. 2r., the school board may use the funds only for
4a capital expenditure.
AB164-ASA1, s. 10 5Section 10. 119.49 (2) of the statutes is amended to read:
AB164-ASA1,5,156 119.49 (2) Upon Except as provided in sub. (2m), upon receipt of the
7communication, the common council shall cause the question of issuing such school
8bonds in the stated amount and for the stated school purposes to be submitted to the
9voters of the city at the next election held in the city. The question of issuing such
10school bonds shall be submitted upon a separate ballot or in some other manner so
11that the vote upon issuing such school bonds is taken separately from any other
12question submitted to the voters. If a majority of the electors voting on the school
13bond question favors issuing such school bonds, the common council shall cause the
14school bonds to be issued immediately or within the period permitted by law, in the
15amount requested by the board and in the manner other bonds are issued.
AB164-ASA1, s. 11 16Section 11. 119.49 (2m) of the statutes is created to read:
AB164-ASA1,5,1817 119.49 (2m) The common council is not required to submit the question of
18issuing school bonds to the voters of the city if all of the following apply:
AB164-ASA1,5,2119 (a) The board sends the communication to the common council under sub. (1)
20by unanimous vote of the entire membership of the board and requests that the
21common council not submit the question to the voters of the city.
AB164-ASA1,5,2222 (b) The common council approves the bond issue by majority vote.
AB164-ASA1,6,323 (c) The amount of money to be raised by the bond issue will not cause the
24aggregate amounts outstanding indebtedness of the city incurred under this section
25without a referendum since the effective date of this paragraph .... [revisor inserts

1date], excluding amounts specified in s. 67.05 (6a) (bm), to exceed $100,000 or an
2amount equal to 1% of the operating budget of the school district operating under this
3chapter, not exceeding $10,000,000, whichever is greater.
AB164-ASA1,6,64 (d) The balance in the general fund of the school district operating under this
5chapter on the previous June 30 is equal to no more than 15% of the school district's
6operating budget.
AB164-ASA1, s. 12 7Section 12. 121.07 (6) (a) (intro.) of the statutes is amended to read:
AB164-ASA1,6,158 121.07 (6) (a) (intro.) "Shared cost" is the sum of the net cost of the general fund
9and the net cost of the debt service fund, except that "shared cost" excludes any costs,
10including attorney fees, incurred by a school district as a result of its participation
11in a lawsuit commenced against the state, beginning with such costs incurred in the
12fiscal year in which the lawsuit is commenced. In this paragraph, "net cost of the debt
13service fund" excludes debt service on debt that was not subject to a referendum as
14a result of s. 67.05 (6a) (bg), 67.12 (12) (e) 2r. or 119.49 (2m).
In this paragraph, "net
15cost of the debt service fund" includes all of the following amounts:
AB164-ASA1, s. 13 16Section 13. 121.15 (1) (a) of the statutes is amended to read:
AB164-ASA1,6,2117 121.15 (1) (a) Each school district shall receive 15% one-sixth of its total aid
18entitlement in September, 25% July, one-sixth of its total aid entitlement in
19December, 25% September, one-sixth of its total aid entitlement in March and 35%
20November, one-sixth of its total aid entitlement in June January, one-sixth of its
21total aid entitlement in March and one-sixth of its total aid entitlement in May
.
AB164-ASA1, s. 14 22Section 14. 121.15 (1) (b) of the statutes is amended to read:
AB164-ASA1,6,2523 121.15 (1) (b) For the July and September payment payments, the total aid
24entitlement for each school district shall be estimated based upon the total aid
25payment in the previous year.
AB164-ASA1, s. 15
1Section 15. 121.15 (1) (c) of the statutes is amended to read:
AB164-ASA1,7,42 121.15 (1) (c) For the payments from December to June November to May, the
3total aid entitlement for each school district shall be computed on the basis of the
4budget and membership report under s. 121.05.
AB164-ASA1, s. 16 5Section 16. 121.15 (1) (e) of the statutes is amended to read:
AB164-ASA1,7,96 121.15 (1) (e) Payments under this subsection shall be made on the first
7Monday of the month for the December payment, on the 3rd Monday of the month
8for the September and June payments and on the 4th Monday of the month for the
9March payment
.
AB164-ASA1, s. 17 10Section 17. 121.15 (3m) (a) 1. of the statutes is amended to read:
AB164-ASA1,7,1411 121.15 (3m) (a) 1. "Partial school revenues" means the sum of state school aids
12and property taxes levied for school districts, other than property taxes levied to pay
13debt service on debt that was not subject to a referendum as a result of s. 67.05 (6a)
14(bg), 67.12 (12) (e) 2r. or 119.49 (2m)
.
AB164-ASA1, s. 18 15Section 18. 121.91 (4) (c) 3. of the statutes is created to read:
AB164-ASA1,7,2316 121.91 (4) (c) 3. Funds needed for the payment of any general obligation debt
17service, including debt service on debt issued or reissued to fund or refund
18outstanding municipal obligations, interest on outstanding municipal obligations or
19the payment of related issuance costs or redemption premiums, authorized on or
20after the effective date of this subdivision .... [revisor inserts date], by a resolution
21of the school board and secured by the full faith and credit of the school district if the
22issuance of the debt was not subject to a referendum as a result of s. 67.05 (6a) (bg),
2367.12 (12) (e) 2r. or 119.49 (2m).
AB164-ASA1, s. 19 24Section 19. Initial applicability.
AB164-ASA1,8,3
1(1) The treatment of sections 121.07 (6) (a) (intro.) and 121.15 (1) (a), (b), (c) and
2(e) of the statutes first applies to the payment of state aid in the school year beginning
3after publication.
AB164-ASA1,8,64 (2) The treatment of sections 67.05 (6a) (a) 2. (intro.), (b) (intro.), (bg) and (d),
567.12 (12) (e) 2., 2g. (intro.), 2r. and 2w. and 119.49 (2) and (2m) of the statutes first
6applies to initial resolutions adopted on the effective date of this subsection.
AB164-ASA1, s. 20 7Section 20. Effective date.
AB164-ASA1,8,88 (1) This act takes effect on the July 1 after publication.
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