Amendment ASA1-AB133

AB133-ASA1, s. 149g Section 149g. 18.60 (3) of the statutes is amended to read:

AB133-ASA1,79,20 18.60 (3) The principal proceeds from the sale of any refunding bonds obligations shall be applied either to the immediate payment and retirement of the bonds obligations or notes being refinanced or, if the bonds obligations or notes have not matured and are not presently redeemable, to the creation of a trust for and shall be pledged to the payment of the bonds obligations or notes being refinanced. If a trust is created, a separate deposit shall be made for each issue of bonds obligations or notes being refinanced. Each deposit shall be with the state treasurer or a bank or trust company that is then a member of the federal deposit insurance corporation. If the total amount of any deposit, including money other than sale proceeds but legally available for such purpose, is less than the principal amount of the bonds obligations or notes being refinanced and for the payment of which the deposit has been created and pledged, together with applicable redemption premiums and interest accrued and to accrue to maturity or to the date of redemption, then the application of the sale proceeds shall be legally sufficient only if the money deposited is invested in securities issued by the United States or one of its agencies, or securities fully guaranteed by the United States, and only if the principal amount of the securities at maturity and the income therefrom to maturity will be sufficient and available, without the need for any further investment or reinvestment, to pay at maturity or upon redemption the principal amount of the bonds obligations or notes being refinanced together with applicable redemption premiums and interest accrued and to accrue to maturity or to the date of redemption. The income from the principal proceeds of the securities shall be applied solely to the payment of the principal of and interest and redemption premiums on the bonds obligations or notes being refinanced, but provision may be made for the pledging and disposition of any surplus. Nothing in this subsection shall be construed as a limitation on the duration of any deposit in trust for the retirement of bonds obligations or notes being refinanced, but which have not matured and which are not presently redeemable. Nothing in this subsection shall be construed to prohibit reinvestment of the income of a trust if the reinvestments will mature at such times that sufficient cash will be available to pay interest, applicable premiums and principal on the bonds obligations or notes being refinanced.

AB133-ASA1, s. 149r Section 149r. 18.60 (4) of the statutes is amended to read:

AB133-ASA1,80,2 18.60 (4) The commission may in addition to the other powers conferred by this subchapter, include a provision in any authorizing resolution for refunding bonds obligations pledging all or any part of the special fund or income of any enterprise or program originally financed from the proceeds of any of the bonds obligations or notes being refinanced, or pledging all or any part of the surplus income derived from the investment of any trust created under sub. (3), or both.

AB133-ASA1, s. 150 Section 150. 18.60 (5) of the statutes is renumbered 18.60 (5) (intro.) and amended to read:

AB133-ASA1,80,8 18.60 (5) (intro.) All of the following provisions of s. 18.56 that are not inconsistent with the express provisions of this section shall apply to refunding bonds obligations, except that the maximum permissible term shall be 50 years from the date of original issue of the oldest note or bond obligation issue being refunded.:

AB133-ASA1, s. 151 Section 151. 18.60 (5) (a) to (c) of the statutes are created to read:

AB133-ASA1,80,10 18.60 (5) (a) Section 18.56.

AB133-ASA1,80,11 (b) In the case of enterprise obligations, s. 18.561.

AB133-ASA1,80,12 (c) In the case of special fund obligations, s. 18.562.

AB133-ASA1, s. 152 Section 152. 18.61 (2) of the statutes is amended to read:

AB133-ASA1,80,22 18.61 (2) The state pledges and agrees with the holders owners of any evidences of revenue obligation obligations that the state will not limit or alter its powers to fulfill the terms of any agreements made with the holders owners or in any way impair the rights and remedies of the holders owners until the revenue obligations, together with interest including interest on any unpaid instalments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the holders owners, are fully met and discharged. The commission may include this pledge and agreement of the state in any agreement with the holders of notes or bonds and in any evidence owners of revenue obligation.

AB133-ASA1, s. 153 Section 153. 18.61 (3) (a) of the statutes is amended to read:

AB133-ASA1,81,7 18.61 (3) (a) If the state fails to pay any revenue obligation in accordance with its terms, and default continues for a period of 30 days or if the state fails or refuses to comply with this subchapter or defaults in any agreement made with the holders owners of any issue of revenue obligations, the holders owners of 25% in aggregate principal amount of the revenue obligations of the issue then outstanding by instrument recorded in the office of the register of deeds of Dane county and approved or acknowledged in the same manner as a deed to be recorded may appoint a trustee to represent the holders owners of the notes or bonds revenue obligations for the purposes specifically provided in the instrument.

AB133-ASA1, s. 154 Section 154. 18.61 (3) (b) (intro.) of the statutes is amended to read:

AB133-ASA1,81,11 18.61 (3) (b) (intro.) The trustee may, and upon written request of the holders owners of 25% in aggregate principal amount of the revenue obligations of the issue then outstanding shall, in the trustee's own name:

AB133-ASA1, s. 155 Section 155. 18.61 (3) (b) 1. of the statutes is amended to read:

AB133-ASA1,81,18 18.61 (3) (b) 1. By action or proceeding, enforce all rights of all holders owners of the issue of revenue obligations, including the right to require the state to collect enterprise or program income or special fund income adequate to carry out any agreement as to, or pledge of, such income and to require the state to carry out any other agreements with the holders owners of the revenue obligations and to perform its duties under this subchapter;

AB133-ASA1, s. 156 Section 156. 18.61 (3) (b) 3. of the statutes is amended to read:

AB133-ASA1,81,21 18.61 (3) (b) 3. By action, require the state to account as if it were the trustee of an express trust for the holders owners of the revenue obligations;

AB133-ASA1, s. 157 Section 157. 18.61 (3) (b) 4. of the statutes is amended to read:

AB133-ASA1,81,24 18.61 (3) (b) 4. By action, enjoin any acts or things which may be unlawful or in violation of the rights of the holders owners of the revenue obligations; and

AB133-ASA1, s. 158 Section 158. 18.61 (3) (c) of the statutes is amended to read:

AB133-ASA1,82,4 18.61 (3) (c) The trustee shall have all of the powers necessary or appropriate for the exercise of any functions specifically set forth in this subchapter or incident to the general representation of the holders owners of revenue obligations in the enforcement and protection of their rights.

AB133-ASA1, s. 159 Section 159. 18.61 (4) of the statutes is amended to read:

AB133-ASA1,82,12 18.61 (4) Any public officer or public employe, as defined in s. 939.22 (30), and the surety on the person's official bond, or any other person participating in any direct or indirect impairment of any fund established under this subchapter, shall be liable in any action brought by the attorney general in the name of the state, or by any taxpayer of the state, or by the holder of any evidence owner of revenue obligation payable in whole or in part, directly or indirectly, out of such fund, to restore to the fund all diversions from the fund.

AB133-ASA1, s. 159m Section 159m. 18.61 (5) of the statutes is amended to read:

AB133-ASA1,82,22 18.61 (5) The legislature may provide, with respect to any specific issue of revenue obligations, prior to their issuance, that if the special fund income or the enterprise or program income pledged to the payment of the principal and interest of the issue is insufficient for that purpose, it will consider supplying the deficiency by appropriation of funds, from time to time, out of the treasury. If the legislature so provides, the commission may make the necessary provisions therefor in the authorizing resolution and other proceedings of the issue. Thereafter, if the contingency occurs, recognizing its moral obligation to do so, the legislature hereby expresses its expectation and aspiration that it shall make such appropriation.

AB133-ASA1, s. 160 Section 160. 19.32 (1) of the statutes is amended to read:

AB133-ASA1,83,9 19.32 (1) "Authority" means any of the following having custody of a record: a state or local office, elected official, agency, board, commission, committee, council, department or public body corporate and politic created by constitution, law, ordinance, rule or order; a governmental or quasi-governmental corporation except for the Bradley center sports and entertainment corporation; a local exposition district under subch. II of ch. 229; a family care district under s. 46.2895; any court of law; the assembly or senate; a nonprofit corporation which receives more than 50% of its funds from a county or a municipality, as defined in s. 59.001 (3), and which provides services related to public health or safety to the county or municipality; a nonprofit corporation operating the Olympic ice training center under s. 42.11 (3); or a formally constituted subunit of any of the foregoing.

AB133-ASA1, s. 164m Section 164m. 19.42 (13) (n) of the statutes is created to read:

AB133-ASA1,83,11 19.42 (13) (n) The members of the public broadcasting transitional board.

AB133-ASA1, s. 165 Section 165. 19.82 (1) of the statutes is amended to read:

AB133-ASA1,83,22 19.82 (1) "Governmental body" means a state or local agency, board, commission, committee, council, department or public body corporate and politic created by constitution, statute, ordinance, rule or order; a governmental or quasi-governmental corporation except for the Bradley center sports and entertainment corporation; a local exposition district under subch. II of ch. 229; a family care district under s. 46.2895; a nonprofit corporation operating the Olympic ice training center under s. 42.11 (3); or a formally constituted subunit of any of the foregoing, but excludes any such body or committee or subunit of such body which is formed for or meeting for the purpose of collective bargaining under subch. I, IV or V of ch. 111.

AB133-ASA1, s. 166 Section 166. 20.002 (11) (b) of the statutes is renumbered 20.002 (11) (b) 1. and amended to read:

AB133-ASA1,84,3 20.002 (11) (b) 1. The secretary of administration shall limit the total amount of any temporary reallocations to a fund other than the general fund to $400,000,000. The

AB133-ASA1,84,8 2. Except as provided in subd. 3, the secretary of administration shall limit the total amount of any temporary reallocations to the general fund at any one time during a fiscal year to an amount equal to 5% of the total amounts shown in the schedule under s. 20.005 (3) of appropriations of general purpose revenues, calculated by the secretary as of that time and for that fiscal year.

AB133-ASA1,84,10 4. This paragraph does not apply to reallocations from the budget stabilization fund to the general fund.

AB133-ASA1, s. 167 Section 167. 20.002 (11) (b) 3. of the statutes is created to read:

AB133-ASA1,84,18 20.002 (11) (b) 3. In addition to the amount permitted for temporary reallocations in subd. 2., the secretary may permit an additional 3% of the total amounts shown in the schedule under s. 20.005 (3) of appropriations of general purpose revenues, calculated by the secretary as of that time and for that fiscal year, to be used for temporary reallocations to the general fund but only if the reallocation is for a period not to exceed 30 days. Reallocations may not be made under this subdivision for consecutive periods.

AB133-ASA1, s. 168 Section 168. 20.003 (4) of the statutes is renumbered 20.003 (4) (intro.) and amended to read:

AB133-ASA1,85,3 20.003 (4) Required general fund balance. (intro.) No bill directly or indirectly affecting general purpose revenues as defined in s. 20.001 (2) (a) may be enacted by the legislature if the bill would cause the estimated general fund balance on June 30 of any fiscal year specified in this subsection, as projected under s. 20.005 (1), to be an amount equal to less than one percent the following percentage of the total general purpose revenue appropriations for that fiscal year plus any amount from general purpose revenue designated as "Compensation Reserves" for that fiscal year in the summary under s. 20.005 (1).:

AB133-ASA1, s. 169 Section 169. 20.003 (4) (a) to (g) of the statutes are created to read:

AB133-ASA1,85,5 20.003 (4) (a) For fiscal year 1999-2000, 1%.

AB133-ASA1,85,6 (b) For fiscal year 2000-01, 1.1%.

AB133-ASA1,85,7 (c) For fiscal year 2001-02, 1.2%.

AB133-ASA1,85,8 (d) For fiscal year 2002-03, 1.4%.

AB133-ASA1,85,9 (e) For fiscal year 2003-04, 1.6%.

AB133-ASA1,85,10 (f) For fiscal year 2004-05, 1.8%.

AB133-ASA1,85,11 (g) For fiscal year 2005-06 and each fiscal year thereafter, 2%.

AB133-ASA1, s. 170 Section 170. 20.005 (1) of the statutes is repealed and recreated to read:

AB133-ASA1,85,15 20.005 (1) Summary of all funds. The budget governing fiscal operations for the state of Wisconsin for all funds beginning on July 1, 1999, and ending on June 30, 2001, is summarized as follows: [See Figure 20.005 (1) following]

AB133-ASA1,85,17 Figure: 20.005 (1)

AB133-ASA1,85,18 GENERAL FUND SUMMARY - See PDF for table

SUMMARY OF APPROPRIATIONS — ALL FUNDS - See PDF for table

SUMMARY OF COMPENSATION RESERVES — ALL FUNDS - See PDF for table

AB133-ASA1, s. 171 Section 171. 20.005 (2) of the statutes is repealed and recreated to read:

AB133-ASA1,87,5 20.005 (2) State borrowing program summary. The following schedule sets forth the state borrowing program summary: [See Figures 20.005 (2) (a) and (b) following]

AB133-ASA1,87,7 Figure: 20.005 (2) (a)

AB133-ASA1,87,8 SUMMARY OF BONDING AUTHORITY MODIFICATIONS 1999-01 FISCAL BIENNIUM - See PDF for table

AB133-ASA1,90,2 Figure: 20.005 (2) (b)

AB133-ASA1,90,3 GENERAL OBLIGATION AND BUILDING CORPORATION DEBT SERVICE FISCAL YEARS 1999-00 AND 2000-01 - See PDF for table - See PDF for table

AB133-ASA1, s. 172 Section 172. 20.005 (3) of the statutes, as affected by 1999 Wisconsin Act 2, is repealed and recreated to read:

AB133-ASA1,97,3 20.005 (3) Appropriations. The following schedule sets forth all annual, biennial and sum certain continuing appropriations and anticipated expenditures from other appropriations for the programs and other purposes indicated. All appropriations are made from the general fund unless otherwise indicated. The letter abbreviations shown designating the type of appropriation apply to both fiscal years in the schedule unless otherwise indicated. [See Figure 20.005 (3) following]

AB133-ASA1,97,5 Figure: 20.005 (3)

AB133-ASA1,97,6 - See PDF for table

AB133-ASA1, s. 173 Section 173. 20.115 (1) (g) of the statutes is amended to read:

AB133-ASA1,280,9 20.115 (1) (g) Related services. The amounts in the schedule for the conduct of services related to food and trade regulation, including special and overtime meat inspection services under s. 97.42 (3), and investigative and audit services under ss. 93.06 (6) (b), 100.06 (1g) (c) and 100.07 (1). All, but excluding services financed under pars. (gf) and (h). Except as provided in pars. (gf) and (h), all moneys received from authorized service fees related to food and trade regulation shall be credited to this appropriation.

AB133-ASA1, s. 174 Section 174. 20.115 (1) (gf) of the statutes is created to read:

AB133-ASA1,280,14 20.115 (1) (gf) Fruit and vegetable inspection. The amounts in the schedule for fruit and vegetable inspection. All moneys received for the inspection of fruits and vegetables under ss. 93.06 (1m), 93.09 (10) and 100.03 (3) (a) 1. shall be credited to this appropriation account.

AB133-ASA1, s. 175 Section 175. 20.115 (1) (gm) of the statutes is amended to read:

AB133-ASA1,281,6 20.115 (1) (gm) Dairy trade regulation; dairy product and vegetable producer security and trade practices. The amounts in the schedule for the regulation of vegetable procurement under s. 100.03, of dairy plant financial condition under s. 100.06 and of dairy trade practices under s. 100.201. All moneys received under ss. 100.03 (3) (a) 2. and 3., 100.06 (9) and 100.201 (6) shall be credited to this appropriation.

AB133-ASA1, s. 176 Section 176. 20.115 (1) (j) of the statutes is amended to read:

AB133-ASA1,281,11 20.115 (1) (j) Weights and measures inspection. The amounts in the schedule for weights and measures inspection, testing and enforcement under ch. 98. All moneys received under ss. 93.06 (1p), 94.64 (4) (a) 6., 94.72 (6) (a) 3., 97.30 (3) (am), 98.04 (2), 98.05 (5), 98.16, 98.18 and 98.245 (7) shall be credited to this appropriation.

AB133-ASA1, s. 177 Section 177. 20.115 (1) (jb) of the statutes is created to read:

AB133-ASA1,281,15 20.115 (1) (jb) Consumer information and education. The amounts in the schedule for consumer protection information and education. All moneys received under s. 100.261 (3) (b) shall be credited to this appropriation account.

AB133-ASA1, s. 178 Section 178. 20.115 (2) (j) of the statutes is amended to read:

AB133-ASA1,281,23 20.115 (2) (j) Dog licenses, rabies control and related services. The amounts in the schedule to provide dog license tags and forms under s. 174.07 (2), to perform other program responsibilities under ch. 174, to administer the rabies control program under s. 95.21, to help administer the rabies control media campaign and to carry out the humane activities under s. 93.07 (11). All moneys received by the state treasurer under s. ss. 95.21 (9) (c) and 174.09 (1) shall be credited to this appropriation.

AB133-ASA1, s. 179 Section 179. 20.115 (2) (j) of the statutes, as affected by 1997 Wisconsin Act 192 and 1999 Wisconsin Act .... (this act), is repealed and recreated to read: