Amendment JR2 AA1-ASA1-AB1

AB1-ASA1-AA1, s. 346py Section 346py. 186.235 (16) (a) of the statutes is renumbered 186.235 (16).

AB1-ASA1-AA1, s. 346qd Section 346qd. 186.235 (16) (b) of the statutes is repealed.

AB1-ASA1-AA1, s. 346qe Section 346qe. 186.235 (16m) of the statutes is created to read:

AB1-ASA1-AA1,181,20 186.235 (16m) Financial privacy examination. The office of credit unions shall examine a credit union to determine the credit union's compliance with s. 186.20.

AB1-ASA1-AA1, s. 346qf Section 346qf. 186.36 of the statutes is amended to read:

AB1-ASA1-AA1,181,25 186.36 Sale of insurance in credit unions. Any officer or employee of a credit union, when acting as an agent for the sale of insurance on behalf of the credit union, shall pay all commissions received from the sale of credit life insurance or credit accident and sickness insurance to the credit union.

AB1-ASA1-AA1, s. 346qg Section 346qg. 186.41 (title) of the statutes is amended to read:

AB1-ASA1-AA1,182,3 186.41 (title) Interstate acquisition acquisitions and merger mergers of credit unions.

AB1-ASA1-AA1, s. 346qh Section 346qh. 186.41 (1) (a) of the statutes is renumbered 186.41 (1) (bm) and amended to read:

AB1-ASA1-AA1,182,7 186.41 (1) (bm) "In-state Wisconsin credit union" means a credit union having its principal office located in this state.

AB1-ASA1-AA1, s. 346qj Section 346qj. 186.41 (1) (c) of the statutes is renumbered 186.41 (1) (am) and amended to read:

AB1-ASA1-AA1,182,12 186.41 (1) (am) "Regional Out-of-state credit union" means a state or federal credit union that has its, the principal office of which is located in one of the regional states a state other than this state.

AB1-ASA1-AA1, s. 346qk Section 346qk. 186.41 (1) (d) of the statutes is repealed.

AB1-ASA1-AA1, s. 346qL Section 346qL. 186.41 (2) and (3) of the statutes are amended to read:

AB1-ASA1-AA1,182,16 186.41 (2) In-state Wisconsin credit union. (a) An in-state A Wisconsin credit union may do any of the following:

AB1-ASA1-AA1,182,18 1. Acquire an interest in, or some or all of the assets and liabilities of, one or more regional out-of-state credit unions.

AB1-ASA1-AA1,182,19 2. Merge with one or more regional out-of-state credit unions.

AB1-ASA1-AA1,182,23 (b) An in-state A Wisconsin credit union proposing any action under par. (a) shall provide the office of credit unions a copy of any original application seeking approval by a federal agency or by an agency of the regional another state and of any supplemental material or amendments filed in connection with any application.

AB1-ASA1-AA1,182,25 (3) Regional Out-of-state credit unions. Except as provided in sub. (4), a regional an out-of-state credit union may do any of the following:

AB1-ASA1-AA1,183,2 (a) Acquire an interest in, or some or all of the assets of, one or more in-state Wisconsin credit unions.

AB1-ASA1-AA1,183,3 (b) Merge with one or more in-state Wisconsin credit unions.

AB1-ASA1-AA1, s. 346qm Section 346qm. 186.41 (4) (intro.), (a) to (d) and (f) of the statutes are amended to read:

AB1-ASA1-AA1,183,7 186.41 (4) Limitations. (intro.) A regional An out-of-state credit union may not take any action under sub. (3) until all of the following conditions have been met:

AB1-ASA1-AA1,183,11 (a) The office of credit unions finds that the statutes of the regional state in which the regional out-of-state credit union has its principal office permit in-state Wisconsin credit unions to both acquire regional out-of-state credit union assets and merge with one or more regional out-of-state credit unions in the regional that state.

AB1-ASA1-AA1,183,14 (b) The office of credit unions has not disapproved the acquisition of in-state Wisconsin credit union assets or the merger with the in-state Wisconsin credit union under sub. (5).

AB1-ASA1-AA1,183,23 (c) The office of credit unions gives a class 3 notice, under ch. 985, in the official state newspaper, of the application to take an action under sub. (3) and of the opportunity for a hearing and, if at least 25 residents of this state petition for a hearing within 30 days of the final notice or if the office of credit unions on its own motion calls for a hearing within 30 days of the final notice, the office of credit unions holds a public hearing on the application, except that a hearing is not required if the office of credit unions finds that an emergency exists and that the proposed action under sub. (3) is necessary and appropriate to prevent the probable failure of an in-state a Wisconsin credit union that is closed or in danger of closing.

AB1-ASA1-AA1,184,2 (d) The office of credit unions is provided a copy of any original application seeking approval by a federal agency of the acquisition of in-state Wisconsin credit union assets or of the merger with an in-state a Wisconsin credit union and of any supplemental material or amendments filed with the application.

AB1-ASA1-AA1,184,5 (f) With regard to an acquisition of assets of an in-state a Wisconsin credit union that is chartered on or after May 9, 1986, the in-state Wisconsin credit union has been in existence for at least 5 years before the date of acquisition.

AB1-ASA1-AA1, s. 346qn Section 346qn. 186.41 (5) (a), (b), (c) and (cr) of the statutes are amended to read:

AB1-ASA1-AA1,184,11 186.41 (5) (a) Considering the financial and managerial resources and future prospects of the applicant and of the in-state Wisconsin credit union concerned, the action would be contrary to the best interests of the members of the in-state Wisconsin credit union.

AB1-ASA1-AA1,184,14 (b) The action would be detrimental to the safety and soundness of the applicant or of the in-state Wisconsin credit union concerned, or to a subsidiary or affiliate of the applicant or of the in-state Wisconsin credit union.

AB1-ASA1-AA1,184,19 (c) Because the applicant, its executive officers, or directors have not established a record of sound performance, efficient management, financial responsibility, and integrity, the action would be contrary to the best interests of the creditors, the members or, the other customers of the applicant or of the in-state , the Wisconsin credit union, or contrary to the best interests of the public.

AB1-ASA1-AA1,184,23 (cr) The applicant has failed to propose to provide adequate and appropriate services of the type contemplated by the community reinvestment act of 1977 in the community in which the in-state Wisconsin credit union which the applicant proposes to acquire or merge with is located.

AB1-ASA1-AA1, s. 346qp Section 346qp. 186.41 (6) (a) of the statutes is renumbered 186.41 (6).

AB1-ASA1-AA1, s. 346qr Section 346qr. 186.41 (6) (b) of the statutes is repealed.

AB1-ASA1-AA1, s. 346qs Section 346qs. 186.41 (8) of the statutes is repealed.

AB1-ASA1-AA1, s. 346qt Section 346qt. 186.45 of the statutes is created to read:

AB1-ASA1-AA1,185,4 186.45 Non-Wisconsin credit union, Wisconsin offices. (1) Definitions. In this section:

AB1-ASA1-AA1,185,6 (a) "Non-Wisconsin credit union" means a credit union organized under the laws of and with its principal office located in a state other than this state.

AB1-ASA1-AA1,185,7 (b) "Wisconsin credit union" has the meaning given in s. 186.41 (1) (bm).

AB1-ASA1-AA1,185,12 (2) Approval. A non-Wisconsin credit union may open an office and conduct business as a credit union in this state if the office of credit unions finds that Wisconsin credit unions are allowed to do business in the other state under conditions similar to those contained in this section and that all of the following apply to the non-Wisconsin credit union:

AB1-ASA1-AA1,185,14 (a) It is a credit union organized under laws similar to the credit union laws of this state.

AB1-ASA1-AA1,185,15 (b) It is financially solvent based upon national board ratings.

AB1-ASA1-AA1,185,16 (c) It has member savings insured with federal share insurance.

AB1-ASA1-AA1,185,18 (d) It is effectively examined and supervised by the credit union authorities of the state in which it is organized.

AB1-ASA1-AA1,185,20 (e) It has received approval from the credit union authorities of the state in which it is organized.

AB1-ASA1-AA1,185,22 (f) It has a need to place an office in this state to adequately serve its members in this state.

AB1-ASA1-AA1,185,24 (g) It meets all other relevant standards or qualifications established by the office of credit unions.

AB1-ASA1-AA1,186,2 (3) Requirements. A non-Wisconsin credit union shall agree to do all of the following:

AB1-ASA1-AA1,186,4 (a) Grant loans at rates not in excess of the rates permitted for Wisconsin credit unions.

AB1-ASA1-AA1,186,5 (b) Comply with this state's laws.

AB1-ASA1-AA1,186,6 (c) Designate and maintain an agent for the service of process in this state.

AB1-ASA1-AA1,186,10 (4) Records. As a condition of a non-Wisconsin credit union doing business in this state under this section, the office of credit unions may require copies of examination reports and related correspondence regarding the non-Wisconsin credit union.

AB1-ASA1-AA1, s. 346qu Section 346qu. 186.80 of the statutes is created to read:

AB1-ASA1-AA1,186,13 186.80 False statements. (1) No officer, director, or employee of a credit union may do any of the following:

AB1-ASA1-AA1,186,15 (a) Willfully and knowingly subscribe to or make, or cause to be made, a false statement or entry in the books of the credit union.

AB1-ASA1-AA1,186,17 (b) Knowingly subscribe to or exhibit false information with the intent to deceive any person authorized to examine the affairs of the credit union.

AB1-ASA1-AA1,186,19 (c) Knowingly make, state, or publish any false report or statement of the credit union.

AB1-ASA1-AA1,186,20 (2) Any person who violates sub. (1) is guilty of a Class F felony.".

AB1-ASA1-AA1,186,21 218. Page 177, line 14: after that line insert:

AB1-ASA1-AA1,186,22 " Section 346c. 196.491 (1) (q) of the statutes is created to read:

AB1-ASA1-AA1,186,24 196.491 (1) (q) "Ranney well" means a well in which the central shaft is fed by horizontal perforated pipes extending radially into an aquifer.

AB1-ASA1-AA1, s. 346g Section 346g. 196.491 (1) (s) of the statutes is created to read:

AB1-ASA1-AA1,187,4 196.491 (1) (s) "Residential well" means a residential well on which construction has commenced before the date that a person provides the department with an engineering plan under sub. (3) (a) 3. a.

AB1-ASA1-AA1, s. 346L Section 346L. 196.491 (1) (u) of the statutes is created to read:

AB1-ASA1-AA1,187,9 196.491 (1) (u) "Water withdrawing large electric generating facility" means a large electric generating facility that withdraws water from underground sources and for which the capacity and rate of withdrawal of all wells serving the facility, except for Ranney wells, exceeds 100,000 gallons per day.

AB1-ASA1-AA1, s. 346p Section 346p. 196.491 (3) (a) 3. a. of the statutes is amended to read:

AB1-ASA1-AA1,187,21 196.491 (3) (a) 3. a. At least 60 days before a person files an application under subd. 1., the person shall provide the department with an engineering plan showing the location of the facility, a description of the facility, including the major components of the facility that have a significant air, water, or solid waste pollution potential, and a description of the anticipated effects of the facility on air and water quality, and, if the application is for a water withdrawing large electric generating facility, a description of the anticipated effects of the facility on residential wells. Within 30 days after a person provides an engineering plan, the department shall provide the person with a listing of each department permit or approval which, on the basis of the information contained in the engineering plan, appears to be required for the construction or operation of the facility.

AB1-ASA1-AA1, s. 346t Section 346t. 196.491 (3) (a) 3. b. of the statutes is amended to read:

AB1-ASA1-AA1,188,17 196.491 (3) (a) 3. b. Within 20 days after the department provides a listing specified in subd. 3. a. to a person, the person shall apply for the permits and approvals identified in the listing. The department shall determine whether an application under this subd. 3. b. is complete and, no later than 30 days after the application is filed, notify the applicant about the determination. If the department determines that the application is incomplete, the notice shall state the reason for the determination. An applicant may supplement and refile an application that the department has determined to be incomplete. There is no limit on the number of times that an applicant may refile an application under this subd. 3. b. If the department fails to determine whether an application is complete within 30 days after the application is filed, the application shall be considered to be complete. The department shall complete action on an application under this subd. 3. b. for any permit or approval that is required prior to construction of a facility within Within 120 days after the date on which the application is determined or considered to be complete, the department shall complete action on the application for any permit or approval that is required prior to construction of the facility and, if the application is for a water withdrawing large electric generating facility, shall determine whether the facility will substantially reduce the availability of water to a residential well or cause a preventive action limit established under s. 160.15 to be exceeded in water produced by a residential well.

AB1-ASA1-AA1, s. 346v Section 346v. 196.491 (3) (e) of the statutes is renumbered 196.491 (3) (e) (intro.) and amended to read:

AB1-ASA1-AA1,188,24 196.491 (3) (e) (intro.) If the application does not meet the criteria under par. (d), the commission shall reject the application or approve the application with such modifications as are necessary for an affirmative finding under par. (d). The commission may not issue a certificate of public convenience and necessity until the unless each of the following is satisfied:

AB1-ASA1-AA1,189,2 1. The department has issued all permits and approvals identified in the listing specified in par. (a) 3. a. that are required prior to construction.

AB1-ASA1-AA1, s. 346x Section 346x. 196.491 (3) (e) 2. of the statutes is created to read:

AB1-ASA1-AA1,189,8 196.491 (3) (e) 2. If the application is for a water withdrawing large electric generating facility, the department has determined under par. (a) 3. b. that the facility will not substantially reduce the availability of water to a residential well and will not cause a preventive action limit established under s. 160.15 to be exceeded in water produced by a residential well.".

AB1-ASA1-AA1,189,9 219. Page 177, line 14: after that line insert:

AB1-ASA1-AA1,189,10 " Section 346d. 196.374 (title) of the statutes is amended to read:

AB1-ASA1-AA1,189,12 196.374 (title) Low-income assistance, energy efficiency and other programs.

AB1-ASA1-AA1, s. 346h Section 346h. 196.374 (2) (intro.) and (a) of the statutes are consolidated, renumbered 196.374 (2) and amended to read:

AB1-ASA1-AA1,189,18 196.374 (2) The commission shall determine the amount that each utility spent in 1998 on programs for each of the following: (a) Low-income low-income assistance, including low-income weatherization and writing off uncollectibles and arrearages.

AB1-ASA1-AA1, s. 346p Section 346p. 196.374 (2) (b), (c) and (d) of the statutes are repealed.

AB1-ASA1-AA1, s. 346t Section 346t. 196.374 (4) of the statutes is repealed.".

AB1-ASA1-AA1,189,21 220. Page 177, line 14: after that line insert:

AB1-ASA1-AA1,189,22 " Section 346td. 197.04 (1) (b) and (2) of the statutes are amended to read:

AB1-ASA1-AA1,190,12 197.04 (1) (b) If within either of the 90-day periods described in par. (a) a petition conforming to the requirements of s. 8.40 is filed with the clerk of the municipality as provided in s. 8.37 and the petition has been signed by 5% of the electors of a 1st class city or by 10% of the electors of all other municipalities requesting that the question of discontinuing the proceeding to acquire the plant or equipment of the public utility be submitted to the electors of the municipality, the applicable question under par. (c) shall be submitted to the electors at any general or regular municipal the succeeding election authorized under s. 8.065 (2) or an election authorized under s. 8.065 (3) that is held not less than 42 and not more than 47 days from the date of the filing of the petition. If no general election or regular municipal election is to be held within the stated periods, the governing body of the municipality shall order the holding of a special election, to be held not less than 42 days from the date of filing of the petition, for the purpose of submitting the question to the electors.

AB1-ASA1-AA1,190,22 (2) The governing body of the municipality may provide for notice of, the manner of holding, the method of voting on, the method of making returns of, and the method of canvassing and determining the result of, the election required under sub. (1). Notice of the election to the electors shall be given by a brief notice of that fact once a week for 3 weeks in some newspaper of general circulation published in the municipality. If no newspaper of general circulation is published in the municipality, publication may be made in any newspaper of general circulation in the county seat of the county in which the municipality is located. The notice of holding any special election shall be incorporated as a part of the notice given under this subsection.

AB1-ASA1-AA1, s. 346tf Section 346tf. 197.10 (2) of the statutes is amended to read:

AB1-ASA1-AA1,191,11 197.10 (2) Such contract when adopted by the common council of said city and accepted by the owner or owners of such public utility shall be submitted to the public service commission for its approval and upon such approval the same shall be filed as provided in s. 8.37 and submitted in such manner as the common council shall determine to a vote of the electors of such city at the next regular municipal election or at a special election called for that purpose authorized under s. 8.065 (2) or an election authorized under s. 8.065 (3) to be held not sooner than 45 days after approval of the commission, and such contract shall not become binding upon such city until approved by a majority vote of the qualified electors of such city voting thereon. No bonds shall in any case be issued by said city under the contract or contracts mentioned in sub. (1), until the proposition of their issue shall have been submitted to the people of such city and adopted by a majority of the electors voting thereon.

AB1-ASA1-AA1, s. 346th Section 346th. 198.19 (1) of the statutes is amended to read: