LRBa2322/1
RAC:kmg:rs
2003 - 2004 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO 2003 ASSEMBLY BILL 757
February 24, 2004 - Offered by Representative Kreuser.
AB757-AA1,1,5
21. Page 1, line 2: after "Authority" insert "refunding public debt that is used
3to finance tax-supported or self-amortizing facilities, and authorizing the secretary
4of administration to transfer moneys from the general fund to the Medical Assistance
5trust fund.".
AB757-AA1,1,7
7"
Section 1c. 16.406 of the statutes is created to read:
AB757-AA1,1,11
816.406 Request to issue certain general obligation debt. (1) The
9secretary of administration may request that the building commission refund the
10whole or any part of any unpaid indebtedness used to finance tax-supported or
11self-amortizing facilities from moneys appropriated under s. 20.866 (2) (xe).
AB757-AA1,2,4
12(2) On June 1, 2004, if the building commission has refunded the whole or any
13part of any unpaid indebtedness used to finance tax-supported or self-amortizing
1facilities from moneys appropriated under s. 20.866 (2) (xe) after the effective date
2of this subsection .... [revisor inserts date], but before June 1, 2004, the secretary
3shall transfer an amount not to exceed $175,000,000 from the general fund to the
4Medical Assistance trust fund.
AB757-AA1,2,9
5(3) On June 1, 2005, if the building commission has refunded the whole or any
6part of any unpaid indebtedness used to finance tax-supported or self-amortizing
7facilities from moneys appropriated under s. 20.866 (2) (xe) on or after June 1, 2004,
8but before June 1, 2005, the secretary shall transfer an amount not to exceed
9$175,000,000 from the general fund to the Medical Assistance trust fund.
AB757-AA1, s. 1h
10Section 1h. 20.866 (2) (xe) of the statutes is amended to read:
AB757-AA1,2,2211
20.866
(2) (xe)
Building commission; refunding tax-supported and
12self-amortizing general obligation debt incurred before June 30,
2003 2005. From
13the capital improvement fund, a sum sufficient to refund the whole or any part of any
14unpaid indebtedness used to finance tax-supported or self-amortizing facilities.
15The state may contract public debt in an amount not to exceed
$75,000,000 16$425,000,000 for this purpose. Such indebtedness shall be construed to include any
17premium and interest payable with respect thereto. Debt incurred by this paragraph
18shall be incurred before June 30,
2003 2005, but only pursuant to a request by the
19secretary of administration under s. 16.406, and shall be repaid under the
20appropriations providing for the retirement of public debt incurred for
21tax-supported and self-amortizing facilities in proportional amounts to the
22purposes for which the debt was refinanced.
AB757-AA1, s. 1p
23Section 1p. 20.866 (2) (xm) of the statutes is amended to read:
AB757-AA1,3,1024
20.866
(2) (xm)
Building commission; refunding tax-supported and
25self-amortizing general obligation debt. From the capital improvement fund, a sum
1sufficient to refund the whole or any part of any unpaid indebtedness used to finance
2tax-supported or self-amortizing facilities. In addition to the amount that may be
3contracted under par. (xe), the state may contract public debt in an amount not to
4exceed
$440,000,000 $775,000,000 for this purpose. Such indebtedness shall be
5construed to include any premium and interest payable with respect thereto. Debt
6incurred by this paragraph shall be repaid under the appropriations providing for
7the retirement of public debt incurred for tax-supported and self-amortizing
8facilities in proportional amounts to the purposes for which the debt was refinanced.
9No moneys may be expended under this paragraph unless the true interest costs to
10the state can be reduced by the expenditure.
AB757-AA1,3,1212
25.77
(6) All moneys transferred under s. 16.406 (2) and (3).".
