Amendment SSA1-SB44

SB44-SSA1, s. 236d Section 236d. 16.974 (2) of the statutes is amended to read:

SB44-SSA1,69,17 16.974 (2) Subject to s. 44.73 (5), coordinate with the technology for educational achievement in Wisconsin board to provide Provide private colleges, technical college districts, public library boards and, public library systems, and public museums with telecommunications access under s. 44.73 16.997 and contract with telecommunications providers to provide such that access.

SB44-SSA1, s. 237d Section 237d. 16.974 (3) of the statutes is amended to read:

SB44-SSA1,69,22 16.974 (3) Coordinate with the technology for educational achievement in Wisconsin board to provide Provide private schools with telecommunications access under s. 44.73 16.997 and contract with telecommunications providers to provide such that access.

SB44-SSA1, s. 238d Section 238d. 16.974 (4) of the statutes is amended to read:

SB44-SSA1,70,3 16.974 (4) Coordinate with the technology for educational achievement in Wisconsin board to provide Provide the Wisconsin Center for the Blind and Visually Impaired and the Wisconsin Educational Services Program for the Deaf and Hard of Hearing with telecommunications access under s. 44.73 16.997 and contract with telecommunications providers to provide such that access.

SB44-SSA1, s. 238m Section 238m. Subchapter IX (title) of chapter 16 [precedes 16.99] of the statutes is created to read:

SB44-SSA1,70,6 Chapter 16

SB44-SSA1,70,9 Subchapter iX technology for educational achievement

SB44-SSA1, s. 238n Section 238n. 16.99 (3p) of the statutes is created to read:

SB44-SSA1,70,13 16.99 (3p) "Public museum" means a nonprofit or publicly owned museum located in this state that is accredited by the American Association of Museums or an educational center that is affiliated with such a museum.

SB44-SSA1, s. 238p Section 238p. 16.99 (4) of the statutes, as affected by 2003 Wisconsin Act .... (this act), is amended to read:

SB44-SSA1,70,16 16.99 (4) "Telecommunications" has the meaning given in s. 22.01 16.97 (10).

SB44-SSA1, s. 238pm Section 238pm. 16.993 (10) of the statutes is created to read:

SB44-SSA1,70,22 16.993 (10) Coordinate an annual conference on educational technology, hosted by the governor, for elementary, secondary, and postsecondary educators and establish a schedule of fees for attending the conference, which fees may not exceed the actual costs incurred in conducting the conference. All fees collected under this subsection shall be credited to the appropriation account under s. 20.505 (4) (hc).

SB44-SSA1, s. 238q Section 238q. 16.995 (3m) of the statutes is created to read:

SB44-SSA1,71,5 16.995 (3m) Public debt repayment. To the extent that sufficient moneys are available in the appropriation account under s. 20.505 (4) (mp) after payment of the administrative expenses specified in s. 20.505 (4) (mp), the department shall use those available moneys to reimburse s. 20.505 (4) (es) and (et) for the payment of principal and interest costs incurred in financing educational technology infrastructure financial assistance under this section and to make full payment of the amounts determined by the building commission under s. 13.488 (1) (m).

SB44-SSA1, s. 238r Section 238r. 16.997 (6) (a) of the statutes, as affected by 2003 Wisconsin Act .... (this act), is amended to read:

SB44-SSA1,71,21 16.997 (6) (a) From the appropriation under s. 20.505 (4) (s) or (tm), the department may award an annual grant to a school district or private school that had in effect on October 14, 1997, a contract for access to a data line or video link, as documented by the department. The department shall determine the amount of the grant, which shall be equal to the cost incurred by the state to provide telecommunications access to a school district or private school under a contract entered into under s. 16.974 (1) or (3) 16.971 (13) or (15) less the amount that the school district or private school would be paying under sub. (2) (d) if the school district or private school were participating in the program established under sub. (1), except that the amount may not be greater than the cost that a school district or private school incurs under the contract in effect on October 14, 1997. A school district or private school receiving a grant under this subsection is not eligible to participate in the program under sub. (1). No grant may be awarded under this subsection after December 31, 2005.

SB44-SSA1, s. 243 Section 243. 18.07 (2) of the statutes is amended to read:

SB44-SSA1,72,12 18.07 (2) Every loan agreement entered into pursuant to s. 18.06 (2) and every evidence of indebtedness given under such a loan agreement shall be executed in the name of and for the state by the secretary of the commission. Every other evidence of indebtedness shall be executed in the name of and for the state by the governor and by the state treasurer secretary of administration and shall be sealed with the great seal of the state or a facsimile thereof of any size, and every interest coupon appurtenant thereto shall be executed in the name of and for the state by the governor. The facsimile signature of either the governor or state treasurer secretary of administration or both may be imprinted in lieu of the manual signature of such officer, as the commission directs, if approved by such officer, and shall be so imprinted in the case of interest coupons. Evidence of indebtedness and interest coupons appurtenant thereto bearing the manual or facsimile signature of a person in office at the time such signature was signed or imprinted shall be fully valid notwithstanding that before or after the delivery thereof such person ceased to hold such office.

SB44-SSA1, s. 249 Section 249. 18.10 (4) of the statutes is amended to read:

SB44-SSA1,72,21 18.10 (4) Debt held by state. All evidence of indebtedness owned or held by any state fund shall be deemed to be outstanding in all respects and the agency having such fund under its control shall have the same rights with respect to such evidence of indebtedness as a private party, but if any sinking fund acquires bonds which gave rise to such fund, such bonds shall be deemed paid for all purposes and no longer outstanding and, together with any interest coupons appurtenant thereto, shall be canceled as provided in sub. (11). All evidence of indebtedness owned by any state fund shall be registered to the fullest extent registrable.

SB44-SSA1, s. 250 Section 250. 18.10 (5) of the statutes is amended to read:

SB44-SSA1,73,12 18.10 (5) Registration. The state treasurer department of administration shall act as registrar for evidence evidences of indebtedness registrable as to principal or interest or both. No transfer of a registered evidence of indebtedness is valid unless made on the register maintained by the state treasurer department of administration for that purpose, and the state shall be entitled to treat the registered owner as the owner of such instrument for all purposes. Payments of principal and interest, when registered as to interest, of registered instruments shall be by electronic funds transfer, check, share draft or other draft to the registered owner at the owner's address as it appears on the register, unless the commission has otherwise provided. Information in the register relating to the owners of evidence of indebtedness is not available for inspection and copying under s. 19.35 (1). The commission may make such other provisions respecting registration as it deems necessary or useful. The state treasurer department of administration may enter into a contract for the performance of any of his or her functions under this subsection and sub. (7).

SB44-SSA1, s. 250m Section 250m. 18.10 (7) of the statutes is amended to read:

SB44-SSA1,73,18 18.10 (7) Record of instruments. The state treasurer department of administration or the treasurer's department's agent shall maintain records containing a full and correct description of each evidence of indebtedness issued, identifying it and showing its date, issue, amount, interest rate, payment dates, payments made, registration, destruction and every other relevant transaction.

SB44-SSA1, s. 251 Section 251. 18.10 (8) of the statutes is amended to read:

SB44-SSA1,74,13 18.10 (8) Trustees and fiscal agents. The commission may appoint one or more trustees and fiscal agents for each issue of bonds or notes. The state treasurer secretary of administration may be denominated the trustee and the sole fiscal agent or a cofiscal agent for any issue of bonds or notes. Every other such fiscal agent shall be an incorporated bank or trust company authorized by the laws of the United States or of the state in which it is located to do a banking or trust company business. The commission shall periodically require competitive proposals, under procedures established by the commission, for fiscal agent services and, in so doing, shall consult the state treasurer. There may be deposited with a trustee, in a special account administered as provided in this chapter, moneys to be used only for the purposes expressly provided in a resolution authorizing the issuance of debt or an agreement between the commission and the trustee. There may be deposited with a fiscal agent, in a special account for such purpose only, a sum estimated to be sufficient to enable such fiscal agent to pay the principal and interest on public debt which will come due not more than 15 days after the date of such deposit. The commission may make such other provisions respecting trustees and fiscal agents as it deems necessary or useful and may enter into a contract with any trustee or fiscal agent containing such terms, including compensation, and conditions in regard to the trustee or fiscal agent as it deems necessary or useful.

SB44-SSA1, s. 251m Section 251m. 18.10 (11) of the statutes is amended to read:

SB44-SSA1,74,21 18.10 (11) Cancellation of instruments. Unless otherwise directed by the commission, every evidence of indebtedness and interest coupon paid or otherwise retired shall forthwith be marked "canceled" and shall be delivered by the state treasurer department of administration or fiscal agent accepting the surrender thereof, through the state treasurer department to the state auditor who shall destroy them and shall forthwith deliver to the state treasurer department a certificate to that effect.

SB44-SSA1, s. 252 Section 252. 18.51 of the statutes is amended to read:

SB44-SSA1,75,2 18.51 Provisions applicable. The following sections apply to this subchapter, except that all references to "public debt" or "debt" shall be read to refer to a "revenue obligation" and all references to "evidences of indebtedness" shall be read to refer to "evidences of revenue obligation": ss. 18.02, 18.03, 18.06 (8), 18.07, 18.10 (1), (2), (4) to (9) and, (11) , and (12), and 18.17.

SB44-SSA1, s. 253 Section 253. 18.52 (1) of the statutes is renumbered 18.52 (1m).

SB44-SSA1, s. 254 Section 254. 18.52 (1e) of the statutes is created to read:

SB44-SSA1,75,8 18.52 (1e) "Ancillary payments" means payments for issuance costs and expenses, payments under contracts entered into under s. 18.55 (6), payments of accrued or funded interest, and payments of other costs and expenses of administering revenue obligations.

SB44-SSA1, s. 255 Section 255. 18.53 (4) of the statutes is repealed and recreated to read:

SB44-SSA1,75,13 18.53 (4) Unless otherwise provided in laws applicable to the issuance of a specific revenue obligation, in addition to the requirements established under sub. (3), the commission shall establish the amounts required for ancillary payments and establishment of reserves relating to the revenue obligations.

SB44-SSA1, s. 256 Section 256. 18.54 (2) of the statutes is amended to read:

SB44-SSA1,75,18 18.54 (2) The amount of evidences of revenue obligation issued or outstanding for purposes specified by the legislature under s. 18.53 (3) and (4) are subject only to the limits provided in the legislation which authorizes that revenue obligation. No refunding obligation is subject to any limitation specified by that legislation.

SB44-SSA1, s. 258 Section 258. 18.55 (6) of the statutes is created to read:

SB44-SSA1,76,4 18.55 (6) Agreements and arrangements; delegation; use of revenue obligations. (a) At the time of, or in anticipation of, contracting revenue obligations and at any time thereafter while the revenue obligations are outstanding, the commission may enter into agreements and ancillary arrangements relating to the revenue obligations, including trust indentures, liquidity facilities, remarketing or dealer agreements, letter of credit agreements, insurance policies, guaranty agreements, reimbursement agreements, indexing agreements, or interest exchange agreements. Any payment made or received pursuant to any such agreements or ancillary arrangements shall be made from or deposited into a fund relating to the relevant revenue obligation, as determined by the commission.

SB44-SSA1,76,7 (b) The commission may delegate to other persons the authority and responsibility to take actions necessary and appropriate to implement agreements and ancillary arrangements under par. (a).

SB44-SSA1,76,9 (c) Any revenue obligations may include revenue obligations contracted to fund interest, accrued or to accrue, on the revenue obligations.

SB44-SSA1, s. 261 Section 261. 18.561 (5) of the statutes is amended to read:

SB44-SSA1,77,4 18.561 (5) Redemption fund. The proportion which shall be set aside for the payment of the principal of and interest on the enterprise obligations shall from month to month as they accrue and are received and, as directed by the commission, payments to be received with respect to an agreement or ancillary arrangement entered into pursuant to s. 18.55 (6), shall, at such times as provided in the authorizing resolution, be set apart and paid into a separate fund in the treasury or in an account maintained by a trustee appointed for that purpose in the authorizing resolution to be identified as "the ... redemption fund". Each redemption fund shall be expended, and all moneys from time to time on hand therein are irrevocably appropriated, in sums sufficient, only for the payment of principal of and interest on the enterprise obligations giving rise to it and premium, if any, due upon redemption of any such obligations, and for other obligations that are secured by the property or income, or both, of the enterprise or program payment of obligations under an agreement or ancillary arrangement entered into under s. 18.55 (6) to the extent provided for in an authorizing resolution. Moneys in the redemption funds may be commingled only for the purpose of investment with other public funds, but they shall be invested only in investment instruments permitted in s. 25.17 (3) (dr). All such investments shall be the exclusive property of the fund and all earnings on or income from such investments shall be credited to the fund.

SB44-SSA1, s. 262 Section 262. 18.562 (1) of the statutes is renumbered 18.562 (1) (a) and amended to read:

SB44-SSA1,77,13 18.562 (1) (a) There is a security interest, for the benefit of the owners of the special fund obligations and other persons specified in the authorizing resolution providing for the issuance of the particular special fund obligations, in the amounts that arise after the creation of the special fund program in the special fund related to the special fund obligations. For this purpose, amounts in the special fund shall be accounted for on a first-in, first-out basis. No, and no physical delivery, recordation, or other action is required to perfect the security interest.

SB44-SSA1,77,18 (c) The special fund shall remain subject to the security interest until provision for payment in full of the principal and interest of the special fund obligations, and other obligations specified in the authorizing resolution providing for the issuance of the particular special fund obligations, has been made, as provided in the authorizing resolution.

SB44-SSA1,77,21 (d) An owner of special fund obligations may either at law or in equity protect and enforce the security interest and compel performance of all duties required by this section.

SB44-SSA1, s. 263 Section 263. 18.562 (1) (b) of the statutes is created to read:

SB44-SSA1,78,2 18.562 (1) (b) 1. Except as provided in subd. 2., the security interest for the benefit of the owners of the special fund obligations and other persons specified in the authorizing resolution providing for the issuance of the particular special fund obligations shall have priority over all conflicting security interests to the fees, penalties, or excise taxes that are required to be deposited in the special fund.

SB44-SSA1,78,10 2. For different special fund obligations secured by the same fees, penalties, or excise taxes, priority shall be established according to the date of issuance of the special fund obligation or the incurrence of the other obligations specified in an authorizing resolution, if applicable, with earlier issuances or incurrences having priority over later issuances or incurrences, unless laws governing the issuance of a particular special fund obligation or the authorizing resolution providing for the issuance of a particular special fund obligation permit later issuances or incurrences on a parity or priority basis.

SB44-SSA1, s. 264 Section 264. 18.562 (3) of the statutes is amended to read:

SB44-SSA1,79,4 18.562 (3) Redemption fund. The special fund revenues that are to be set aside for the payment of the principal of and interest of on the special fund obligations and, as directed by the commission, payments to be received with respect to an agreement or ancillary arrangement entered into under s. 18.55 (6), shall be paid into a separate fund in the treasury or in an account maintained by a trustee appointed for that purpose in the authorizing resolution to be identified as "the ... redemption fund". Each redemption fund shall be expended, and all moneys from time to time on hand therein are irrevocably appropriated, in sums sufficient, only for the payment of principal of and interest on the special fund obligations giving rise to it and premium, if any, due upon redemption of any such obligations, and for other obligations that are secured by any fees, penalties, or excise taxes deposited in the special fund payment of obligations under an agreement or ancillary arrangement entered into under s. 18.55 (6) to the extent provided for in an authorizing resolution. Moneys in the redemption funds may be commingled only for the purpose of investment with other public funds, but they shall be invested only in investment instruments permitted in s. 25.17 (3) (dr). All such investments shall be the exclusive property of the fund and all earnings on or income from such investments shall be credited to the fund.

SB44-SSA1, s. 265 Section 265. 18.57 (1) of the statutes is amended to read:

SB44-SSA1,79,23 18.57 (1) A separate and distinct fund shall be established in the state treasury or in an account maintained by a trustee appointed for that purpose by the authorizing resolution with respect to each revenue-producing enterprise or program the income from which is to be applied to the payment of any enterprise obligation. A separate and distinct fund shall be established in the state treasury or in an account maintained by a trustee appointed for that purpose by the authorizing resolution with respect to any special fund program that is created by the imposition of fees, penalties or excise taxes and is applied to the payment financed through the issuance of special fund obligations. All moneys resulting from the issuance of evidences of revenue obligation shall be credited to the appropriate fund, applied for refunding or note renewal purposes, or to make deposits to reserve funds, except that moneys which represent premium or accrued interest or, to the extent provided in the resolution authorizing the issuance of such evidences of revenue obligation, premium received on the issuance of evidences shall be credited to the appropriate redemption fund. As determined by the commission, payments to be received under an agreement or ancillary arrangement entered into under s. 18.55 (6) with respect to any such issuance of evidences of revenue obligation shall be credited to the appropriate fund.

SB44-SSA1, s. 266 Section 266. 18.57 (2) of the statutes is amended to read:

SB44-SSA1,80,5 18.57 (2) Moneys in such funds may be expended, pursuant to appropriations, only for the purposes and in the amounts for which borrowed, for the payment of the principal of and interest on related revenue obligations, to make deposits to reserve funds, and for expenses incurred in issuing such obligations to make ancillary payments.

SB44-SSA1, s. 267 Section 267. 18.58 (2) of the statutes is repealed.

SB44-SSA1, s. 268 Section 268. 18.60 (2) of the statutes is amended to read:

SB44-SSA1,81,2 18.60 (2) If the commission determines to exchange refunding obligations, they may be exchanged privately for and in payment and discharge of any of the outstanding obligations or notes being refinanced. Refunding obligations may be exchanged for a like or greater principal amount of the obligations or notes being exchanged therefor except that the principal amount of the refunding obligations may exceed the principal amount of the obligations or notes being exchanged therefor only to the extent determined by the commission to be necessary or advisable to pay redemption premiums and unpaid interest to the date of exchange not otherwise provided for such principal amount of the obligations or notes being exchanged therefore as may be determined by the commission to be necessary or advisable. The owners of the obligations or notes being refunded who elect to exchange need not pay accrued interest on the refunding obligations if and to the extent that interest is accrued and unpaid on the obligations or notes being refunded and to be surrendered. If any of the obligations or notes to be refinanced are to be called for redemption, the commission shall determine which redemption dates shall be used, if more than one date is applicable and shall, prior to the issuance of the refunding obligations, provide for notice of redemption to be given in the manner and at the times required by the proceedings authorizing the outstanding obligations or notes.

SB44-SSA1, s. 269 Section 269. 18.60 (3) of the statutes is amended to read:

SB44-SSA1,82,8 18.60 (3) The principal proceeds from the sale of any refunding obligations shall be applied either to the immediate payment and retirement of the obligations or notes being refinanced or, if the 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 obligations or notes being refinanced. If a trust is created, a separate deposit shall be made for each issue of obligations or notes being refinanced. Each deposit shall be with the state treasurer secretary of administration 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 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 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 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 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 obligations or notes being refinanced.

SB44-SSA1, s. 276 Section 276. 19.36 (4) of the statutes is amended to read:

SB44-SSA1,82,14 19.36 (4) Computer programs and data. A computer program, as defined in s. 22.03 16.971 (4) (c), is not subject to examination or copying under s. 19.35 (1), but the material used as input for a computer program or the material produced as a product of the computer program is subject to the right of examination and copying, except as otherwise provided in s. 19.35 or this section.

SB44-SSA1, s. 277 Section 277. 19.43 (7) of the statutes is amended to read:

SB44-SSA1,83,2 19.43 (7) If an official required to file fails to make a timely filing, the board shall promptly provide notice of the delinquency to the state treasurer secretary of administration, and to the chief executive of the department of which the official's office or position is a part, or, in the case of a district attorney, to the chief executive of that department and to the county clerk of each county served by the district attorney or in the case of a municipal judge to the clerk of the municipality of which the official's office is a part, or in the case of a justice, court of appeals judge, or circuit judge, to the director of state courts. Upon such notification both the state treasurer secretary of administration and the department, municipality, or director shall withhold all payments for compensation, reimbursement of expenses, and other obligations to the official until the board notifies the officers to whom notice of the delinquency was provided that the official has complied with this section.

SB44-SSA1, s. 279 Section 279. 19.45 (11) (a) of the statutes is amended to read:

SB44-SSA1,83,9 19.45 (11) (a) The administrator of the division of merit recruitment and selection in the department of employment relations office of state human resources management shall, with the board's advice, promulgate rules to implement a code of ethics for classified and unclassified state employees except state public officials subject to this subchapter, unclassified personnel in the University of Wisconsin System and officers and employees of the judicial branch.

SB44-SSA1, s. 280 Section 280. 20.003 (4) (e) of the statutes is amended to read:

SB44-SSA1,83,11 20.003 (4) (e) For fiscal year 2003-04, 1.6% $35,000,000.

SB44-SSA1, s. 281 Section 281. 20.003 (4) (f) of the statutes is amended to read:

SB44-SSA1,83,13 20.003 (4) (f) For fiscal year 2004-05, 1.8% $40,000,000.

SB44-SSA1, s. 282 Section 282. 20.003 (4) (fm) of the statutes is created to read:

SB44-SSA1,83,15 20.003 (4) (fm) For fiscal year 2005-06, $75,000,000.

SB44-SSA1, s. 283 Section 283. 20.003 (4) (g) of the statutes is amended to read:

SB44-SSA1,83,18 20.003 (4) (g) For fiscal year 2005-06 2006-07 and each fiscal year thereafter, 2%.

SB44-SSA1, s. 284 Section 284. 20.005 (1) of the statutes is repealed and recreated to read:

SB44-SSA1,83,22 20.005 (1) Summary of all funds. The budget governing fiscal operations for the state of Wisconsin for all funds beginning on July 1, 2003, and ending on June 30, 2005, is summarized as follows: [See Figure 20.005 (1) following]

SB44-SSA1,84,2 Figure: 20.005 (1)

SB44-SSA1,84,3 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