AB133-ASA1-AA2,403,2525
15. Debt cancellation contracts.
AB133-ASA1-AA2,404,2
116. Any activities reasonably related or incident to activities under subds. 1.
2to 15.
AB133-ASA1-AA2,404,103
(b) An activity that is authorized by statute or regulation for financial
4institutions to engage in as of the effective date of this paragraph .... [revisor inserts
5date], is an activity that is reasonably related to or incident to the purposes of a
6universal bank. An activity permitted under the Bank Holding Company Act is an
7activity that is reasonably related to or incident to the purposes of a universal bank.
8The list of activities reasonably related or incident to the purposes of a universal
9bank may be expanded by the division. Any additional activity approved by the
10division shall be authorized for all universal banks.
AB133-ASA1-AA2,404,13
11(3) Notice requirement. A universal bank shall give 60 days' prior written
12notice to the division of the universal bank's intention to engage in an activity under
13this section.
AB133-ASA1-AA2,404,20
14(4) Standards for denial. The division may deny the authority of a universal
15bank to engage in an activity under this section, other than those activities described
16in sub. (2) (a) 1. to 16., if the division determines that the activity is not an activity
17reasonably related or incident to the purposes of a universal bank, that the financial
18institution is not well-capitalized or adequately capitalized, that the financial
19institution is the subject of an enforcement action or that the financial institution
20does not have satisfactory management expertise for the proposed activity.
AB133-ASA1-AA2,404,24
21(5) Insurance intermediation. A universal bank, or an officer or salaried
22employe of a universal bank, may obtain a license as an insurance intermediary, if
23otherwise qualified. A universal bank may not, directly or indirectly through a
24subsidiary, engage in the business of underwriting insurance.
AB133-ASA1-AA2,405,2
1(6) Other activities approved by the division. A universal bank may engage
2in any other activity that is approved by rule of the division.
AB133-ASA1-AA2,405,6
3(7) Activities provided through a subsidiary. A universal bank may engage
4in activities under this section, directly or indirectly through a subsidiary, unless the
5division determines that an activity must be conducted through a subsidiary with
6appropriate safeguards to limit the risk exposure of the universal bank.
AB133-ASA1-AA2,405,12
7(8) Limitations on investments through subsidiaries. The amount of the
8investment in any one subsidiary that engages in an activity under this section may
9not exceed 20% of capital or, if approved by the division, a higher percentage
10authorized by the division. The aggregate investment in all subsidiaries that engage
11in an activity under this subsection may not exceed 50% of capital or, if approved by
12the division, a higher percentage authorized by the division.
AB133-ASA1-AA2,405,15
13(9) Ownership of subsidiaries. A subsidiary that engages in an activity under
14this section may be owned jointly, with one or more other financial institutions,
15individuals or entities.
AB133-ASA1-AA2,405,17
16222.0415 Trust powers. Subject to rules of the division, a universal bank may
17exercise trust powers in accordance with s. 221.0316.
AB133-ASA1-AA2,405,2519
223.105
(3) (a) To assure compliance with such rules as may be established
20under s. 220.04 (7) the division of banking, the office of credit unions and the division
21of savings
and loan institutions shall, at least once every 18 months, examine the
22fiduciary operations of each organization which is under its respective jurisdiction
23and is subject to examination under sub. (2). If a particular organization subject to
24examination under sub. (2) is not otherwise under the jurisdiction of one of the
25foregoing agencies, such examination shall be conducted by the division of banking.
AB133-ASA1-AA2,406,112
223.105
(4) Notice of fiduciary operation. Except for those organizations
3licensed under ch. 221 or this chapter, any organization engaged in fiduciary
4operations as defined in this section shall, as required by rule, notify the division of
5banking, the office of credit unions or the division of savings
and loan institutions of
6that fact, directing the notice to the agency then exercising regulatory authority over
7the organization or, if there is none, to the division of banking. Any organization
8which intends to engage in fiduciary operations shall, prior to engaging in such
9operations, notify the appropriate agency of this intention. The notifications
10required under this subsection shall be on forms and contain information required
11by the rules promulgated by the division of banking.
AB133-ASA1-AA2,406,1913
223.105
(5) Enforcement remedy. The division of banking or the division of
14savings
and loan institutions or office of credit unions shall upon the failure of such
15organization to submit notifications or reports required under this section or
16otherwise to comply with the provisions of this section, or rules established by the
17division of banking under s. 220.04 (7), upon due notice, order such defaulting
18organization to cease and desist from engaging in fiduciary activities and may apply
19to the appropriate court for enforcement of such order.
AB133-ASA1-AA2,407,221
223.105
(6) Sunset. Except for an organization regulated by the office of credit
22unions or the division of savings
and loan institutions or an organization authorized
23by the division of banking to operate as a bank or trust company under ch. 221 or this
24chapter, an organization may not begin activity as a fiduciary operation under this
25section after May 12, 1992. An organization engaged in fiduciary operations under
1this section on May 12, 1992, may continue to engage in fiduciary operations after
2that date.".
AB133-ASA1-AA2,407,77
227.01
(13) (zu) Establishes standards under subch. IX of ch. 254.".
AB133-ASA1-AA2,407,1814
227.14
(1s) Exception; preparation of certain rules based on federal food
15code. Notwithstanding sub. (1), if the department of agriculture, trade and
16consumer protection or the department of health and family services prepares a
17proposed rule based on the model food code published by the federal food and drug
18administration, the proposed rule may be in the format of the model food code.".
AB133-ASA1-AA2,407,2121
227.52
(5) Decisions of the division of savings
and loan institutions.
AB133-ASA1-AA2,408,4
1227.53
(1) (b) 4. The savings and loan review board, the division of savings
and
2loan institutions, except if the petitioner is the division of savings
and loan 3institutions, the prevailing parties before the savings and loan review board shall be
4the named respondents.
AB133-ASA1-AA2,408,96
227.53
(1) (b) 5. The savings bank review board, the division of savings
and loan 7institutions, except if the petitioner is the division of savings
and loan institutions,
8the prevailing parties before the savings bank review board shall be the named
9respondents.".
AB133-ASA1-AA2,408,1212
229.41
(8m) "Labor organization" has the meaning given in s. 5.02 (8m).".
AB133-ASA1-AA2,408,1915
229.44
(4) (d) Enter into contracts. All contracts, the estimated costs of which
16exceed $30,000
, are subject to s. 229.46 (8), except contracts subject to s. 229.46 (5)
17and contracts for personal or professional services
,. The contracts shall be subject
18to bid and shall be awarded to the lowest qualified and competent bidder. The district
19may reject any bid that is submitted under this paragraph.
AB133-ASA1-AA2,408,2321
229.46
(8) (a) The district shall ensure that the specifications for bids and
22contracts for construction projects entered into under this subchapter do not do any
23of the following:
AB133-ASA1-AA2,409,3
11. Require any bidder, contractor or subcontractor to enter into or to adhere to
2an agreement with any labor organization concerning services to be performed in
3relation to the project or a related project.
AB133-ASA1-AA2,409,64
2. Discriminate against any bidder, contractor or subcontractor for refusing to
5enter into or continue to adhere to an agreement with any labor organization
6concerning services to be performed in relation to the project or a related project.
AB133-ASA1-AA2,409,97
3. Require any bidder, contractor or subcontractor to enter into, continue to
8adhere to or enforce any agreement that requires its employes, as a condition of
9employment, to do any of the following:
AB133-ASA1-AA2,409,1010
a. Become members of or become affiliated with a labor organization.
AB133-ASA1-AA2,409,1311
b. Make payments to a labor organization, without the authorization of the
12employes, exceeding the employes' proportionate share of the cost of collective
13bargaining, contract administration and grievance adjustment.
AB133-ASA1-AA2,409,1814
(b) Any taxpayer of this state or any other person who enters into contracts or
15subcontracts for building construction services may bring an action to require
16compliance with par (a). If that person prevails in his or her action, the court shall
17award to that person reasonable actual attorney fees in addition to other costs
18allowed to prevailing parties under ch. 814.
AB133-ASA1-AA2,409,2020
229.65
(6m) "Labor organization" has the meaning given in s. 5.02 (8m).
AB133-ASA1-AA2,410,222
229.68
(4) (d) Enter into contracts, subject to
s. 229.682 (9) and to such
23standards as may be established by the district board. The district board may award
24any such contract for any combination or division of work it designates and
, subject
1to s. 229.682 (9), may consider any factors in awarding a contract, including price,
2time for completion of work and qualifications and past performance of a contractor.
AB133-ASA1-AA2,410,64
229.682
(9) Contracts with labor organizations. (a) The district shall ensure
5that the specifications for bids and contracts for construction projects entered into
6under this subchapter do not do any of the following:
AB133-ASA1-AA2,410,97
1. Require any bidder, contractor or subcontractor to enter into or to adhere to
8an agreement with any labor organization concerning services to be performed in
9relation to the project or a related project.
AB133-ASA1-AA2,410,1210
2. Discriminate against any bidder, contractor or subcontractor for refusing to
11enter into or continue to adhere to an agreement with any labor organization
12concerning services to be performed in relation to the project or a related project.
AB133-ASA1-AA2,410,1513
3. Require any bidder, contractor or subcontractor to enter into, continue to
14adhere to or enforce any agreement that requires its employes, as a condition of
15employment, to do any of the following:
AB133-ASA1-AA2,410,1616
a. Become members of or become affiliated with a labor organization.
AB133-ASA1-AA2,410,1917
b. Make payments to a labor organization, without the authorization of the
18employes, exceeding the employes' proportionate share of the cost of collective
19bargaining, contract administration and grievance adjustment.
AB133-ASA1-AA2,410,2420
(b) Any taxpayer of this state or any other person who enters into contracts or
21subcontracts for building construction services may bring an action to require
22compliance with par. (a). If that person prevails in his or her action, the court shall
23award to that person reasonable actual attorney fees in addition to other costs
24allowed to prevailing parties under ch. 814.".
AB133-ASA1-AA2,411,85
230.046
(4) Records of training program participation. Each agency shall
6adopt a standardized system for measuring, recording, reporting, accumulating and
7recognizing employe participation in its training program.
The system may not take
8effect until approved by the secretary.
AB133-ASA1-AA2,411,1210
230.046
(5) Initiation of programs. (intro.) Unless otherwise empowered by
11law, any agency desiring to initiate a training program under sub. (3) shall
certify
12to the secretary ensure that:
AB133-ASA1-AA2,411,1514
230.046
(10) Department functions. The department may do all of the
15following:
AB133-ASA1-AA2,411,1716
(a) Conduct off-the-job employe development and training programs relating
17to functions under this chapter or subch. V of ch. 111.
AB133-ASA1-AA2,411,1918
(b) Charge fees to state agencies whose employes participate in employe
19development and training programs under this subsection.
AB133-ASA1-AA2,411,2323
230.08
(2) (pm)
The All employes of the state fair park
director board.".
AB133-ASA1-AA2,412,3
3234.64 Biotechnology development finance company. (1) In this section:
AB133-ASA1-AA2,412,44
(a) "Biotechnology" means technology related to life sciences.
AB133-ASA1-AA2,412,55
(b) "Capital participation instrument" means all of the following:
AB133-ASA1-AA2,412,66
1. Any of the following or an option or other right to acquire any of the following:
AB133-ASA1-AA2,412,77
a. Common or preferred capital stock.
AB133-ASA1-AA2,412,88
b. Convertible securities.
AB133-ASA1-AA2,412,99
c. Evidences of long-term or short-term indebtedness.
