SB483-SSA3-SA1,1,125
196.204
(1) (b) For purposes of par. (a), the retained earnings of a
6telecommunications cooperative include the patronage capital of the
7telecommunications cooperative that is used to increase the availability of
8broadband Internet service in this state, whether or not the patronage capital is
9allocated to members of the telecommunications cooperative, regardless of the
10source of the patronage capital and regardless of the manner in which the patronage
11capital is classified in the financial statements of the telecommunications
12cooperative.".
SB483-SSA3-SA1,2,3
2"
(1m) The renumbering of section 196.204 (1) of the statutes and the creation
3of section 196.204 (1) (b) of the statutes take effect retroactively to January 1, 2003.".