SB44-SSA1,81,28 18.60 (2) If the commission determines to exchange refunding obligations, they
9may be exchanged privately for and in payment and discharge of any of the
10outstanding obligations or notes being refinanced. Refunding obligations may be
11exchanged for a like or greater principal amount of the obligations or notes being
12exchanged therefor except that the principal amount of the refunding obligations
13may exceed the principal amount of the obligations or notes being exchanged
14therefor only to the extent determined by the commission to be necessary or
15advisable to pay redemption premiums and unpaid interest to the date of exchange
16not otherwise provided for
such principal amount of the obligations or notes being
17exchanged therefore as may be determined by the commission to be necessary or
18advisable
. The owners of the obligations or notes being refunded who elect to
19exchange need not pay accrued interest on the refunding obligations if and to the
20extent that interest is accrued and unpaid on the obligations or notes being refunded
21and to be surrendered. If any of the obligations or notes to be refinanced are to be
22called for redemption, the commission shall determine which redemption dates shall
23be used, if more than one date is applicable and shall, prior to the issuance of the
24refunding obligations, provide for notice of redemption to be given in the manner and

1at the times required by the proceedings authorizing the outstanding obligations or
2notes.
SB44-SSA1, s. 269 3Section 269. 18.60 (3) of the statutes is amended to read:
SB44-SSA1,82,84 18.60 (3) The principal proceeds from the sale of any refunding obligations
5shall be applied either to the immediate payment and retirement of the obligations
6or notes being refinanced or, if the obligations or notes have not matured and are not
7presently redeemable, to the creation of a trust for and shall be pledged to the
8payment of the obligations or notes being refinanced. If a trust is created, a separate
9deposit shall be made for each issue of obligations or notes being refinanced. Each
10deposit shall be with the state treasurer secretary of administration or a bank or
11trust company that is then a member of the federal deposit insurance corporation.
12If the total amount of any deposit, including money other than sale proceeds but
13legally available for such purpose, is less than the principal amount of the obligations
14or notes being refinanced and for the payment of which the deposit has been created
15and pledged, together with applicable redemption premiums and interest accrued
16and to accrue to maturity or to the date of redemption, then the application of the sale
17proceeds shall be legally sufficient only if the money deposited is invested in
18securities issued by the United States or one of its agencies, or securities fully
19guaranteed by the United States, and only if the principal amount of the securities
20at maturity and the income therefrom to maturity will be sufficient and available,
21without the need for any further investment or reinvestment, to pay at maturity or
22upon redemption the principal amount of the obligations or notes being refinanced
23together with applicable redemption premiums and interest accrued and to accrue
24to maturity or to the date of redemption. The income from the principal proceeds of
25the securities shall be applied solely to the payment of the principal of and interest

1and redemption premiums on the obligations or notes being refinanced, but
2provision may be made for the pledging and disposition of any surplus. Nothing in
3this subsection shall be construed as a limitation on the duration of any deposit in
4trust for the retirement of obligations or notes being refinanced, but which have not
5matured and which are not presently redeemable. Nothing in this subsection shall
6be construed to prohibit reinvestment of the income of a trust if the reinvestments
7will mature at such times that sufficient cash will be available to pay interest,
8applicable premiums, and principal on the obligations or notes being refinanced.
SB44-SSA1, s. 276 9Section 276. 19.36 (4) of the statutes is amended to read:
SB44-SSA1,82,1410 19.36 (4) Computer programs and data. A computer program, as defined in s.
1122.03 16.971 (4) (c), is not subject to examination or copying under s. 19.35 (1), but
12the material used as input for a computer program or the material produced as a
13product of the computer program is subject to the right of examination and copying,
14except as otherwise provided in s. 19.35 or this section.
SB44-SSA1, s. 277 15Section 277. 19.43 (7) of the statutes is amended to read:
SB44-SSA1,83,216 19.43 (7) If an official required to file fails to make a timely filing, the board
17shall promptly provide notice of the delinquency to the state treasurer secretary of
18administration
, and to the chief executive of the department of which the official's
19office or position is a part, or, in the case of a district attorney, to the chief executive
20of that department and to the county clerk of each county served by the district
21attorney or in the case of a municipal judge to the clerk of the municipality of which
22the official's office is a part, or in the case of a justice, court of appeals judge, or circuit
23judge, to the director of state courts. Upon such notification both the state treasurer
24secretary of administration and the department, municipality, or director shall
25withhold all payments for compensation, reimbursement of expenses, and other

1obligations to the official until the board notifies the officers to whom notice of the
2delinquency was provided that the official has complied with this section.
SB44-SSA1, s. 279 3Section 279. 19.45 (11) (a) of the statutes is amended to read:
SB44-SSA1,83,94 19.45 (11) (a) The administrator of the division of merit recruitment and
5selection in the department of employment relations office of state human resources
6management
shall, with the board's advice, promulgate rules to implement a code
7of ethics for classified and unclassified state employees except state public officials
8subject to this subchapter, unclassified personnel in the University of Wisconsin
9System and officers and employees of the judicial branch.
SB44-SSA1, s. 280 10Section 280. 20.003 (4) (e) of the statutes is amended to read:
SB44-SSA1,83,1111 20.003 (4) (e) For fiscal year 2003-04, 1.6% $35,000,000.
SB44-SSA1, s. 281 12Section 281. 20.003 (4) (f) of the statutes is amended to read:
SB44-SSA1,83,1313 20.003 (4) (f) For fiscal year 2004-05, 1.8% $40,000,000.
SB44-SSA1, s. 282 14Section 282. 20.003 (4) (fm) of the statutes is created to read:
SB44-SSA1,83,1515 20.003 (4) (fm) For fiscal year 2005-06, $75,000,000.
SB44-SSA1, s. 283 16Section 283. 20.003 (4) (g) of the statutes is amended to read:
SB44-SSA1,83,1817 20.003 (4) (g) For fiscal year 2005-06 2006-07 and each fiscal year thereafter,
182%.
SB44-SSA1, s. 284 19Section 284. 20.005 (1) of the statutes is repealed and recreated to read:
SB44-SSA1,83,2220 20.005 (1) Summary of all funds. The budget governing fiscal operations for
21the state of Wisconsin for all funds beginning on July 1, 2003, and ending on June
2230, 2005, is summarized as follows: [See Figure 20.005 (1) following]

SB44-SSA1,84,22 Figure: 20.005 (1)
SB44-SSA1,84,33 GENERAL FUND SUMMARY - See PDF for table PDF
SUMMARY OF APPROPRIATIONS — ALL FUNDS - See PDF for table PDF
SUMMARY OF COMPENSATION RESERVES — ALL FUNDS - See PDF for table PDF
LOTTERY FUND SUMMARY - See PDF for table PDF
SB44-SSA1, s. 285ag 2Section 285ag. 20.005 (2) of the statutes is repealed and recreated to read:
SB44-SSA1,86,53 20.005 (2) State borrowing program summary. The following schedule sets
4forth the state borrowing program summary: [See Figures 20.005 (2) (a) and (b)
5following]

SB44-SSA1,87,22 Figure: 20.005 (2) (a)
SB44-SSA1,87,33 SUMMARY OF BONDING AUTHORITY MODIFICATIONS
2003-05 FISCAL BIENNIUM - See PDF for table PDF
SB44-SSA1,89,22 Figure: 20.005 (2) (b)
SB44-SSA1,89,33 GENERAL OBLIGATION AND
BUILDING CORPORATION DEBT SERVICE
FISCAL YEARS 2003-04 AND 2004-05 - See PDF for table PDF
SB44-SSA1, s. 286 1Section 286. 20.005 (3) of the statutes is repealed and recreated to read:
SB44-SSA1,97,22 20.005 (3) Appropriations. The following schedule sets forth all annual,
3biennial, and sum certain continuing appropriations and anticipated expenditures
4from other appropriations for the programs and other purposes indicated. All
5appropriations are made from the general fund unless otherwise indicated. The

1letter abbreviations shown designating the type of appropriation apply to both fiscal
2years in the schedule unless otherwise indicated. [See Figure 20.005 (3) following]
SB44-SSA1,97,44 Figure: 20.005 (3)
SB44-SSA1, s. 287p 2Section 287p. 20.115 (1) (km) of the statutes is created to read:
SB44-SSA1,278,63 20.115 (1) (km) Consumer protection assessments. All moneys transferred
4under s. 100.261 (4) from the department of justice's sum certain, general purpose
5revenue state operations appropriations, for consumer protection and consumer
6information and education.
SB44-SSA1, s. 289 7Section 289. 20.115 (7) (v) of the statutes is repealed.
SB44-SSA1, s. 290 8Section 290. 20.115 (7) (va) of the statutes is created to read:
SB44-SSA1,278,119 20.115 (7) (va) Clean sweep grants. From the recycling fund, the amounts in
10the schedule for chemical and container collection grants under s. 93.55 and for
11household hazardous waste grants under s. 93.57.
SB44-SSA1, s. 291n 12Section 291n. 20.115 (8) (jm) of the statutes is amended to read:
SB44-SSA1,279,213 20.115 (8) (jm) Telephone solicitation regulation. The amounts in the schedule
14for establishing and maintaining the nonsolicitation directory under s. 100.52 (2).

15All moneys received from telephone solicitor registration and registration renewal
16fees paid under the rules promulgated under s. 100.52 (3) (a) for establishing and

1maintaining the nonsolicitation directory under s. 100.52 (2)
shall be credited to this
2appropriation
.
SB44-SSA1, s. 292c 3Section 292c. 20.143 (1) (c) of the statutes is amended to read:
SB44-SSA1,279,184 20.143 (1) (c) Wisconsin development fund; grants, loans, reimbursements, and
5assistance.
Biennially, the amounts in the schedule for grants under ss. 560.145,
6560.16, 560.175, and 560.26; for grants and loans under ss. 560.62, 560.63, and
7560.66; for loans under s. 560.147; for reimbursements under s. 560.167; for
8providing assistance under s. 560.06; for the costs specified in s. 560.607; for the loan
9under 1999 Wisconsin Act 9, section 9110 (4); for the grants under 1995 Wisconsin
10Act 27
, section 9116 (7gg), 1995 Wisconsin Act 119, section 2 (1), 1997 Wisconsin Act
1127
, section 9110 (6g), and 1999 Wisconsin Act 9, section 9110 (5), and 2003 Wisconsin
12Act .... (this act), section 9109 (1d) and (2q)
; and for providing up to $100,000 annually
13for the continued development of a manufacturing and advanced technology training
14center in Racine. Of the amounts in the schedule, $50,000 shall be allocated in each
15of fiscal years 1997-98 and 1998-99 for providing the assistance under s. 560.06 (1).
16Notwithstanding s. 560.607, of the amounts in the schedule, $125,000 shall be
17allocated in each of 4 consecutive fiscal years, beginning with fiscal year 1998-99,
18for grants and loans under s. 560.62 (1) (a).
SB44-SSA1, s. 292f 19Section 292f. 20.143 (1) (fj) of the statutes is created to read:
SB44-SSA1,279,2120 20.143 (1) (fj) Manufacturing extension center grants. The amounts in the
21schedule for grants under s. 560.25.
SB44-SSA1, s. 292m 22Section 292m. 20.143 (1) (hm) of the statutes is amended to read:
SB44-SSA1,280,223 20.143 (1) (hm) Certified capital companies. All moneys received under subch.
24II of ch. 560 for the cost of administering subch. II of ch. 560. Notwithstanding s.

120.001 (3) (c), at the end of each fiscal year the unencumbered balance in this
2appropriation account shall lapse to the general fund.
SB44-SSA1, s. 293 3Section 293. 20.143 (1) (ie) of the statutes is amended to read:
SB44-SSA1,280,164 20.143 (1) (ie) Wisconsin development fund, repayments. All moneys received
5in repayment of grants or loans under s. 560.085 (4) (b), 1985 stats., s. 560.147, s.
6560.16, 1995 stats., s. 560.165, 1993 stats., subch. V of ch. 560 except s. 560.65, 1989
7Wisconsin Act 336
, section 3015 (1m), 1989 Wisconsin Act 336, section 3015 (2m),
81989 Wisconsin Act 336, section 3015 (3gx), 1997 Wisconsin Act 27, section 9110 (7f),
91997 Wisconsin Act 310, section 2 (2d), and 1999 Wisconsin Act 9, section 9110 (4),
10to be used for grants and loans under subch. V of ch. 560 except s. 560.65, for loans
11under s. 560.147, for grants under ss. 560.16, and 560.175, and 560.25, for assistance
12under s. 560.06 (2), for the loan under 1999 Wisconsin Act 9, section 9110 (4), for the
13grant under 2001 Wisconsin Act 16, section 9110 (7g), for the grants under 2003
14Wisconsin Act .... (this act), section 9109 (1d) and (2q),
and for reimbursements under
15s. 560.167. No moneys may be encumbered under this paragraph for grants under
16s. 560.25 after June 30, 2003.
SB44-SSA1, s. 293s 17Section 293s. 20.143 (1) (kg) of the statutes is amended to read:
SB44-SSA1,281,418 20.143 (1) (kg) American Indian economic liaison and gaming grants specialist
19and program marketing.
The amounts in the schedule for the American Indian
20economic liaison program under s. 560.87, other than for grants under s. 560.87 (6),
21for the salary and fringe benefits of, and related supplies and services for, the gaming
22grants specialist for the programs under ss. 560.137 and 560.138, and for marketing
23the programs under ss. 560.137 and 560.138. From this appropriation, the
24department may expend in each fiscal year no more than $100,000 for marketing the
25programs under ss. 560.137 and 560.138. All moneys transferred from the

1appropriation account under s. 20.505 (8) (hm) 6g. shall be credited to this
2appropriation account. Notwithstanding s. 20.001 (3) (a), the unencumbered
3balance on June 30 of each year shall revert to the appropriation account under s.
420.505 (8) (hm).
SB44-SSA1, s. 293u 5Section 293u. 20.143 (1) (kh) of the statutes is repealed.
SB44-SSA1, s. 293v 6Section 293v. 20.143 (1) (kj) of the statutes is amended to read:
SB44-SSA1,281,177 20.143 (1) (kj) Gaming economic development and diversification; grants and
8loans.
Biennially, the amounts in the schedule for grants and loans under ss. 560.137
9and 560.138, for the grants under s. 560.139 (1) (a) and (2), and for the grants under
102001 Wisconsin Act 16, section 9110 (2k), (11pk), and (11zx), and for transfer to the
11appropriation account under s. 20.292 (1) (kd) of the amount in the schedule under
12s. 20.292 (1) (kd)
. Of the amounts in the schedule, $500,000 shall be allocated in each
13fiscal year for the grants under s. 560.137 (3m). All moneys transferred from the
14appropriation account under s. 20.505 (8) (hm) 6j. shall be credited to this
15appropriation account. Notwithstanding s. 20.001 (3) (b), the unencumbered
16balance on June 30 of each odd-numbered year shall revert to the appropriation
17account under s. 20.505 (8) (hm).
SB44-SSA1, s. 294 18Section 294. 20.143 (1) (ko) of the statutes is repealed.
SB44-SSA1, s. 294j 19Section 294j. 20.143 (1) (L) of the statutes is repealed.
SB44-SSA1, s. 296m 20Section 296m. 20.143 (1) (st) of the statutes is repealed.
SB44-SSA1, s. 297m 21Section 297m. 20.143 (1) (tm) of the statutes is repealed.
SB44-SSA1, s. 298 22Section 298. 20.144 (1) (g) of the statutes is amended to read:
SB44-SSA1,282,723 20.144 (1) (g) General program operations. The amounts in the schedule for
24the general program operations of the department of financial institutions. Except
25as provided in pars. (a), (h), (i), and (u), all moneys received by the department, other

1than by the office of credit unions, and the division of banking and the division of
2savings institutions
, and 88% of all moneys received by the department's division of
3banking and the department's division of savings institutions shall be credited to this
4appropriation, but any balance at the close of a fiscal year under this appropriation
5shall lapse to the general fund. Annually, $200,000 of the amounts received under
6this appropriation account shall be transferred to the appropriation account under
7s. 20.575 (1) (g).
SB44-SSA1, s. 302 8Section 302. 20.215 (1) (fm) of the statutes is repealed.
SB44-SSA1, s. 302h 9Section 302h. 20.215 (1) (km) of the statutes is repealed.
SB44-SSA1, s. 303 10Section 303. 20.225 (1) (g) of the statutes is amended to read:
SB44-SSA1,282,1511 20.225 (1) (g) Gifts, grants, contracts and, leases, instructional material, and
12copyrights
. Except as provided in par. (i), all moneys received from gifts, grants,
13contracts and, the lease of excess capacity, the sale of instructional material under
14s. 39.11 (16), and the use of copyrights under s. 39.115 (1),
to carry out the purposes
15for which received.
SB44-SSA1, s. 304 16Section 304. 20.225 (1) (h) of the statutes is repealed.
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