Amendment SSA1-SB40

SB40-SSA1,1338,6 (8) The authority shall conduct a hearing concerning the levying of a proposed assessment not less than 10 days and not more than 40 days after publishing the notice under sub. (7).

SB40-SSA1,1338,10 (9) After the hearing under sub. (8), the board may approve, disapprove, or modify the report under sub. (6) or it may refer the report to the designated officer or employee of the authority with directions to change the proposal to accomplish a fair and equitable assessment.

SB40-SSA1,1338,16 (10) After approving a report under sub. (9), the authority shall adopt a resolution specifying the amount of the assessments, authorizing the issuance of bonds, and directing that the net proceeds of the bonds be paid as provided in s. 279.06 (9) (a). The authority shall publish the resolution as a class 1 notice, under ch. 985. After publication of the resolution, the authority shall levy the assessments and issue the bonds.

SB40-SSA1,1339,3 (11) If the actual waterway improvement costs to be paid from a bond issue vary materially from the estimates, if any assessment is invalid, or if the board decides to reopen and reconsider any assessment, it may, after publishing a class 1 notice, under ch. 985, that describes its proposed action and after a public hearing, adopt a resolution amending, canceling, or confirming the prior assessment. If an assessment is amended to provide for the refunding of bonds, all of the direct and indirect costs reasonably attributable to the refunding of the bonds may be included in the amended assessment. If moneys are returned to the authority under s. 279.06 (9) (b), the authority may pay a portion of the outstanding bonds and reduce each assessment proportionately. The authority shall publish a class 1 notice, under ch. 985, describing the resolution amending, canceling, or confirming the prior assessment.

SB40-SSA1,1339,7 (12) After the 90th day after the day on which a bond is issued under this chapter, the bond is conclusive evidence of the legality of all proceedings up to and including the issuance of the bond and is prima facie evidence of the proper application of the proceeds of the bond.

SB40-SSA1,1339,11 279.08 Bond security. (1) The authority may enter into a trust agreement or trust indenture between the authority and one or more corporate trustees for any bonds issued under this chapter. Any trust company or bank having the powers of a trust company may be a trustee.

SB40-SSA1,1339,24 (2) The bond resolution providing for the issuance of bonds shall pledge the assessments to be received by the authority with respect to the bonds referred to in the bond resolution. The pledge is valid and binding from the time that the resolution is adopted. The revenues pledged are immediately subject to the lien of the pledge without any physical delivery or any further act. The lien is valid and binding as against all persons having claims in tort, contract, or otherwise against the authority, irrespective of whether the persons have notice of the lien. Neither the bond resolution nor any financing statement, continuation statement, or other instrument by which a pledge is created or by which the authority's interest in revenues is assigned need be filed or recorded in any public records in order to perfect the lien of the pledge as against 3rd parties, except that the authority shall file a copy of the instrument in the records of the authority and with the department of financial institutions.

SB40-SSA1,1340,6 (3) A bond resolution may contain provisions for protecting and enforcing the rights and remedies of the bondholders that are reasonable and proper and not in violation of law. A bond resolution may restrict the individual right of action by bondholders. A bond resolution may contain any other provisions that are determined by the board to be reasonable and proper for the security of the bondholders.

SB40-SSA1,1340,10 279.09 Refunding bonds. (1) The authority may issue bonds to refund any outstanding bond, including the payment of any redemption premium on the outstanding bond and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase, or maturity.

SB40-SSA1,1340,16 (2) The authority may apply the proceeds of any bond issued to refund any outstanding bond to the purchase, retirement at maturity, or redemption of the outstanding bond on the earliest or any subsequent redemption date, upon purchase, or at the maturity of the bond. The authority may, pending application of the proceeds, place the proceeds in escrow to be applied to the purchase, retirement at maturity, or redemption of any outstanding bond at any time.

SB40-SSA1,1340,23 (3) If the authority determines that it is necessary to amend the prior assessments in connection with the issuance of refunding bonds under this section, it may reconsider and reopen the assessments as provided in s. 279.07 (11). If the assessments are amended, the refunding bonds shall be secured by, and be payable from, the assessments as amended. If the assessments are amended, all direct and indirect costs reasonably attributable to the refunding of the bonds may be included in the cost of the waterway improvements being financed.

SB40-SSA1,1340,25 (4) All refunding bonds are subject to this chapter in the same manner and to the same extent as other bonds issued under this chapter.

SB40-SSA1,1341,7 279.10 Bonds not public debt. (1) The state is not liable on bonds of the authority and the bonds are not debt of the state. Each bond of the authority shall contain a statement to this effect on the face of the bond. The issuance of bonds under this chapter does not, directly, indirectly, or contingently, obligate the state or any political subdivision of the state to levy any tax or to make any appropriation for payment of the bonds. The authority may not pledge its full faith and credit to the payment of bonds issued under this chapter.

SB40-SSA1,1341,18 (2) Nothing in this chapter authorizes the authority to create a debt of the state, and all bonds issued by the authority under this chapter are payable, and shall state that they are payable, solely from the special fund containing the assessments and other moneys pledged for their payment in accordance with the bond resolution authorizing their issuance or in any trust agreement or trust indenture entered into to provide terms and conditions for the bonds. The state is not liable for the payment of the principal of or interest on any bonds of the authority or for the performance of any pledge, obligation, or agreement that is undertaken by the authority. The breach of any pledge, obligation, or agreement undertaken by the authority does not impose any pecuniary liability upon the state or any charge upon its general credit or against its taxing power.

SB40-SSA1,1341,25 279.11 State pledge. The state pledges to and agrees with the holders of bonds issued under this chapter, and with persons that enter into contracts with the authority under this chapter, that the state will not limit or alter the rights vested in the authority before the authority has fully met and discharged the bonds, including any interest due on the bonds, and has fully performed its contracts, unless adequate provision is made by law for the protection of the bondholders or persons entering into contracts with the authority.

SB40-SSA1,1342,7 279.17 Trust funds. All moneys received by the authority, whether as proceeds from the sale of bonds or as assessments or fees, shall be considered to be trust funds to be held and applied solely as provided in this chapter. Any officer with whom, or any bank or trust company with which, those moneys are deposited shall act as trustee of the moneys and shall hold and apply the moneys for the purposes of this chapter, subject to any regulations that this chapter and the bond resolution authorizing the bonds of any issue provide.

SB40-SSA1,1342,22 279.18 Rights of bondholders. Any holder of bonds issued under this chapter or trustee under a trust agreement, trust indenture, or deed of trust entered into under this chapter may, by any suitable form of legal proceedings, protect and enforce any rights under the laws of this state or granted by the bond resolution, except to the extent that the rights of the bondholder or trustee are restricted by the bond resolution. These rights include the right to compel the performance of all duties of the authority required by this chapter or the bond resolution; to enjoin unlawful activities; and in the event of default with respect to the payment of any principal of and the premium, if any, and interest on any bond or in the performance of any covenant or agreement on the part of the authority in the bond resolution, to apply to a court to appoint a receiver with full power to pay, and to provide for payment of, principal of and premium, if any, and interest on the bonds, and with the powers, subject to the direction of the court, as are permitted by law and are accorded receivers, excluding any power to pledge additional revenues of the authority to the payment of the principal, premium, and interest.

SB40-SSA1,1342,24 279.19 Investment of funds. (1) The authority may invest any funds in any of the following:

SB40-SSA1,1343,3 (a) Bonds, notes, certificates of indebtedness, treasury bills, or other securities constituting direct obligations of the United States or obligations the principal and interest of which are guaranteed by the United States.

SB40-SSA1,1343,5 (b) Certificates of deposit or time deposits constituting direct obligations of any bank that are insured by the federal deposit insurance corporation.

SB40-SSA1,1343,7 (c) Certificates of deposit constituting direct obligations of any credit union that are insured by the national board, as defined in s. 186.01 (3m).

SB40-SSA1,1343,10 (d) Certificates of deposit constituting direct obligations of any savings and loan association or savings bank that are insured by the federal deposit insurance corporation.

SB40-SSA1,1343,12 (e) Short-term discount obligations of the federal national mortgage association.

SB40-SSA1,1343,13 (f) Any of the investments provided under s. 66.0603 (1m) (a).

SB40-SSA1,1343,15 (2) Any securities described in sub. (1) may be purchased at the offering or market price of the securities at the time of purchase.

SB40-SSA1,1343,21 279.20 Investment authorization. The bonds of the authority are securities in which all public officers and bodies of this state; all political subdivisions and their public officers; all banks, trust companies, savings banks and institutions, savings and loan associations, and investment companies; and all personal representatives, guardians, trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging to them or within their control.

SB40-SSA1,1344,5 279.21 Reports and records. (1) The authority shall keep an accurate account of all of its activities and of all of its receipts and expenditures, and shall annually in January make a report of its activities, receipts, and expenditures to the governor and to the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2). The reports shall be in a form approved by the state auditor. The state auditor may investigate the affairs of the authority, may examine the property and records of the authority, and may prescribe methods of accounting and the rendering of periodical reports in relation to activities undertaken by the authority.

SB40-SSA1,1344,11 (2) The authority, annually on January 15, shall file with the department of administration and the joint legislative council a complete and current listing of all forms, reports, and papers required by the authority to be completed by any person, other than a governmental body, as a condition of obtaining the approval of the authority or for any other reason. The authority shall attach a blank copy of each such form, report, or paper to the listing.

SB40-SSA1, s. 3074 Section 3074. 281.59 (3e) (b) 1. and 3. of the statutes are amended to read:

SB40-SSA1,1344,14 281.59 (3e) (b) 1. Equal to $109,600,000 $114,700,000 during the 2005-07 2007-09 biennium.

SB40-SSA1,1344,15 3. Equal to $1,000 for any biennium after the 2005-07 2007-09 biennium.

SB40-SSA1, s. 3075 Section 3075. 281.59 (3m) (b) 1. and 2. of the statutes are amended to read:

SB40-SSA1,1344,17 281.59 (3m) (b) 1. Equal to $2,700,000 during the 2005-07 2007-09 biennium.

SB40-SSA1,1344,18 2. Equal to $1,000 for any biennium after the 2005-07 2007-09 biennium.

SB40-SSA1, s. 3076 Section 3076. 281.59 (3s) (b) 1. and 2. of the statutes are amended to read:

SB40-SSA1,1344,21 281.59 (3s) (b) 1. Equal to $12,800,000 $13,400,000 during the 2005-07 2007-09 biennium.

SB40-SSA1,1344,22 2. Equal to $1,000 for any biennium after the 2005-07 2007-09 biennium.

SB40-SSA1, s. 3077 Section 3077. 281.59 (4) (b) of the statutes is amended to read:

SB40-SSA1,1345,7 281.59 (4) (b) The department of administration may, under s. 18.561 or 18.562, deposit in a separate and distinct fund in the state treasury or in an account maintained by a trustee outside the state treasury, any portion of the revenues derived under s. 25.43 (1). The revenues deposited with a trustee outside the state treasury are the trustee's revenues in accordance with the agreement between this state and the trustee or in accordance with the resolution pledging the revenues to the repayment of revenue obligations issued under this subsection and to make payments under an agreement or ancillary arrangement entered into under s. 18.55 (6) with respect to revenue obligations issued under this subsection.

SB40-SSA1, s. 3078 Section 3078. 281.59 (4) (f) of the statutes is amended to read:

SB40-SSA1,1345,17 281.59 (4) (f) Revenue obligations may be contracted by the building commission when it reasonably appears to the building commission that all obligations incurred under this subsection, and all payments under an agreement or ancillary arrangement entered into under s. 18.55 (6) with respect to revenue obligations issued under this subsection, can be fully paid on a timely basis from moneys received or anticipated to be received. Revenue obligations issued under this subsection for the clean water fund program shall not exceed $1,615,955,000 $1,984,100,000 in principal amount, excluding obligations issued to refund outstanding revenue obligation notes.

SB40-SSA1, s. 3079 Section 3079. 281.65 (4e) of the statutes is created to read:

SB40-SSA1,1345,22 281.65 (4e) (a) A governmental unit may request funding under this subsection for a project to implement best management practices for animal waste management at an animal feeding operation for which the department has issued a notice of discharge under ch. 283.

SB40-SSA1,1345,24 (b) The department may grant a request under par. (a) if it determines that providing funding under this subsection is necessary to protect fish and aquatic life.

SB40-SSA1,1345,25 (c) Subsection (8) (d) does not apply to a grant under this subsection.

SB40-SSA1, s. 3080 Section 3080. 281.65 (8) (f) of the statutes is amended to read:

SB40-SSA1,1346,7 281.65 (8) (f) A cost-sharing grant shall equal the percentage of the cost of implementing the best management practice that is determined by the governmental unit submitting the application under sub. (4c) (a) or (4e) (a) and is approved by the board, except as provided under pars. (gm) and (jm) and except that a cost-sharing grant may not exceed 70% of the cost of implementing the best management practice.

SB40-SSA1, s. 3081 Section 3081. 281.65 (8) (gm) of the statutes is amended to read:

SB40-SSA1,1346,11 281.65 (8) (gm) The governmental unit submitting the application under sub. (4c) (a) or (4e) (a) shall exceed the limit under par. (f) in cases of economic hardship, as defined by the department by rule.

SB40-SSA1, s. 3081pb Section 3081pb. 281.75 (title) of the statutes is amended to read:

SB40-SSA1,1346,13 281.75 (title) Compensation for well contamination and abandonment.

SB40-SSA1, s. 3081pc Section 3081pc. 281.75 (1) (h) of the statutes is amended to read:

SB40-SSA1,1346,17 281.75 (1) (h) "Well," if not followed by the words, "subject to abandonment," means an excavation or opening in the ground made by boring, drilling or driving for the purpose of obtaining a supply of groundwater. "Well" does not include dug wells.

SB40-SSA1, s. 3081pd Section 3081pd. 281.75 (1) (i) of the statutes is created to read:

SB40-SSA1,1346,21 281.75 (1) (i) "Well subject to abandonment" means a well that is required to be abandoned under s. NR 812.26 (2) (a), Wis. Adm. Code, or that the department may require to be abandoned under s. NR 812.26 (2) (b), Wis. Adm. Code.

SB40-SSA1, s. 3081pe Section 3081pe. 281.75 (2) (f) of the statutes is created to read:

SB40-SSA1,1346,24 281.75 (2) (f) Establish requirements for the filling and sealing of wells subject to abandonment.

SB40-SSA1, s. 3081pf Section 3081pf. 281.75 (3) (a) of the statutes is renumbered 281.75 (3) and amended to read:

SB40-SSA1,1347,5 281.75 (3) Wells for which a claim may be submitted; sunset date. A claim may be submitted for a private water supply which, at the time of submitting the claim, is contaminated or for a well subject to abandonment.

SB40-SSA1, s. 3081pg Section 3081pg. 281.75 (3) (b) of the statutes is repealed.

SB40-SSA1, s. 3081ph Section 3081ph. 281.75 (4) (a) of the statutes is amended to read:

SB40-SSA1,1347,11 281.75 (4) (a) Except as provided under par. (b), a landowner or lessee of property on which is located a contaminated private water supply or a well subject to abandonment, or the spouse, dependent, heir, assign or legal representative of the landowner or lessee, may submit a claim under this section.

SB40-SSA1, s. 3081pi Section 3081pi. 281.75 (4m) (a) of the statutes is amended to read:

SB40-SSA1,1347,16 281.75 (4m) (a) In order to be eligible for an award under this section, the annual family income of the landowner or lessee of property on which is located a contaminated water supply or a well subject to abandonment may not exceed $65,000.

SB40-SSA1, s. 3081pj Section 3081pj. 281.75 (5) (b) 1. of the statutes is amended to read:

SB40-SSA1,1347,21 281.75 (5) (b) 1. Test results which show that the private water supply is contaminated, as defined under sub. (1) (b) 1. or 2., or information to show that the private water supply is contaminated as defined under sub. (1) (b) 3., or information to show that the well is a well subject to abandonment;

SB40-SSA1, s. 3081pk Section 3081pk. 281.75 (5) (b) 2. of the statutes is amended to read:

SB40-SSA1,1347,25 281.75 (5) (b) 2. Any If the claim is based on a contaminated private water supply, any information available to the claimant regarding possible sources of contamination of the private water supply; and

SB40-SSA1, s. 3081pL Section 3081pL. 281.75 (5) (d) 1. of the statutes is amended to read:

SB40-SSA1,1348,4 281.75 (5) (d) 1. Enter the property where the private water supply or well subject to abandonment is located during normal business hours and conduct any investigations or tests necessary to verify the claim; and

SB40-SSA1, s. 3081pm Section 3081pm. 281.75 (5) (d) 2. of the statutes is amended to read:

SB40-SSA1,1348,9 281.75 (5) (d) 2. Cooperate If the claim is based on a contaminated private water supply, cooperate with the state in any administrative, civil or criminal action involving a person or activity alleged to have caused the private water supply to become contaminated.

SB40-SSA1, s. 3081pn Section 3081pn. 281.75 (5) (e) of the statutes is amended to read:

SB40-SSA1,1348,13 281.75 (5) (e) The department shall consolidate claims if more than one claimant submits a claim for the same private water supply or for the same well subject to abandonment.

SB40-SSA1, s. 3081pq Section 3081pq. 281.75 (7) (a) of the statutes is amended to read:

SB40-SSA1,1348,20 281.75 (7) (a) If the department finds that the claimant meets all the requirements of this section and rules promulgated under this section and that the private water supply is contaminated or that the well is a well subject to abandonment, the department shall issue an award. The award may not pay more than 75% of the eligible costs. The award may not pay any portion of eligible costs in excess of $12,000.

SB40-SSA1, s. 3081pr Section 3081pr. 281.75 (7) (c) 1. of the statutes is amended to read:

SB40-SSA1,1348,23 281.75 (7) (c) 1. The If the claim is based on a contaminated private water supply, the cost of obtaining an alternate water supply;

SB40-SSA1, s. 3081ps Section 3081ps. 281.75 (7) (c) 2. (intro.) of the statutes is amended to read:

SB40-SSA1,1349,2 281.75 (7) (c) 2. (intro.) The If the claim is based on a contaminated private water supply, the cost of any one of the following:

SB40-SSA1, s. 3081pt Section 3081pt. 281.75 (7) (c) 3. of the statutes is amended to read:

SB40-SSA1,1349,6 281.75 (7) (c) 3. The cost of abandoning a contaminated private water supply, if a new private water supply is constructed or, if connection to a public or private water supply is provided, or if the claim is based on a well subject to abandonment;

SB40-SSA1, s. 3081pu Section 3081pu. 281.75 (7) (c) 4. of the statutes is amended to read:

SB40-SSA1,1349,10 281.75 (7) (c) 4. The cost of obtaining 2 tests to show that the private water supply was contaminated if the claim is based on a contaminated private water supply and the cost of those tests was originally paid by the claimant;

SB40-SSA1, s. 3081pv Section 3081pv. 281.75 (7) (c) 5. of the statutes is amended to read:

SB40-SSA1,1349,14 281.75 (7) (c) 5. Purchasing The cost of purchasing and installing a pump, if the claim is based on a contaminated private water supply and a new pump is necessary for the new or reconstructed private water supply; and

SB40-SSA1, s. 3081pw Section 3081pw. 281.75 (7) (c) 6. of the statutes is amended to read:

SB40-SSA1,1349,18 281.75 (7) (c) 6. Relocating If the claim is based on a contaminated private water supply, the cost of relocating pipes, as necessary, to connect the replacement water supply to the buildings served by it.

SB40-SSA1, s. 3081px Section 3081px. 281.75 (7) (c) 7. of the statutes is amended to read: