Amendment AA1-AB104

LRBa1741/1

RNK:cjs:ph

2011 - 2012 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2011 ASSEMBLY BILL 104

October 25, 2011 - Offered by Representatives Hulsey, Milroy, Clark, Roys, Richards, Turner, E. Coggs, C. Taylor, Pasch, Danou and Molepske Jr.

AB104-AA1,1,1 At the locations indicated, amend the bill as follows:

AB104-AA1,1,4 1. Page 1, line 2: after "Board" insert ", bonding authority under the safe drinking water loan program, and loan interest rates and present value subsidies under the clean water fund program".

AB104-AA1,1,5 2. Page 2, line 18: after that line insert:

AB104-AA1,1,7 " Section 2. 20.866 (2) (td) of the statutes, as affected by 2011 Wisconsin Act 32, is amended to read:

AB104-AA1,1,12 20.866 (2) (td) Safe drinking water loan program. From the capital improvement fund, a sum sufficient to be transferred to the environmental improvement fund for the safe drinking water loan program under s. 281.61. The state may contract public debt in an amount not to exceed $54,800,000 $59,500,000 for this purpose.

AB104-AA1, s. 3 Section 3. 281.58 (12) (a) 1. of the statutes, as affected by 2011 Wisconsin Act 32, is amended to read:

AB104-AA1,2,8 281.58 (12) (a) 1. Except as modified under par. (f) and except as restricted by sub. (8) (b), (c), (f) or (h), the interest rate for projects specified in sub. (7) (b) 1. and 2. is 60 percent of market interest rate for projects for which the subsidy is allocated from the amount under s. 281.59 (3e) (b) for a biennium before the 2011-13 biennium and 75 percent of market interest rate for projects for which the subsidy is allocated from the amount under s. 281.59 (3e) (b) for the 2011-13 biennium or later.

AB104-AA1, s. 4 Section 4. 281.58 (12) (a) 2. of the statutes, as affected by 2011 Wisconsin Act 32, is amended to read:

AB104-AA1,2,16 281.58 (12) (a) 2. Except as modified under par. (f) and except as restricted by sub. (8) (b), (c), (f) or (h), the interest rate for projects specified in sub. (7) (b) 5. is 65 percent of market interest rate for projects for which the subsidy is allocated from the amount under s. 281.59 (3e) (b) for a biennium before the 2011-13 biennium and 75 percent of market interest rate for projects for which the subsidy is allocated from the amount under s. 281.59 (3e) (b) for the 2011-13 biennium or later.

AB104-AA1, s. 5 Section 5. 281.58 (12) (a) 3. of the statutes, as affected by 2011 Wisconsin Act 32, is amended to read:

AB104-AA1,2,24 281.58 (12) (a) 3. Except as modified under par. (f) and except as restricted by sub. (8) (b), (c), (f) or (h), the interest rate for projects specified in sub. (7) (b) 4. is 70 percent of market interest rate for projects for which the subsidy is allocated from the amount under s. 281.59 (3e) (b) for a biennium before the 2011-13 biennium and 75 percent of market interest rate for projects for which the subsidy is allocated from the amount under s. 281.59 (3e) (b) for the 2011-13 biennium or later.

AB104-AA1, s. 6 Section 6. 281.59 (3e) (b) 1. of the statutes, as affected by 2011 Wisconsin Act 32, is amended to read:

AB104-AA1,3,4 281.59 (3e) (b) 1. Equal to $69,200,000 $110,200 during the 2011-13 biennium.".

AB104-AA1,3,5 (End)