Amendment AA1-AB508

AB508-AA1,7,4 "231.03 (11) Establish or contract with others to carry out on its behalf a health facility, educational facility, or research facility , or child care center project cost estimating service, and make this service available on all projects to provide expert cost estimates and guidance to the participating health institution, participating educational institution, or participating research institution, or participating child care provider and to the authority. To implement this service and, through it, to contribute to cost containment, the authority may require such reasonable reports and documents from health facility, educational facility, or research facility, or child care center projects as are required for this service and for the development of cost reports and guidelines. The authority shall appoint a technical committee on health facility, educational facility, or research facility , or child care center project costs and cost containment.".

AB508-AA1,7,5 40. Page 11, line 9: delete lines 9 to 22 and substitute:

AB508-AA1,7,18 "231.03 (13) Make loans to any participating health institution, participating educational institution, or participating research institution, or, before May 1, 2000, participating child care provider for the cost of a project in accordance with an agreement between the authority and the participating health institution, participating educational institution, or participating research institution, or participating child care provider. The authority may secure the loan by a mortgage or other security arrangement on the health facility, educational facility, or research facility, or child care center granted by the participating health institution, participating educational institution, or participating research institution, or participating child care provider to the authority. The loan may not exceed the total cost of the project as determined by the participating health institution, participating educational institution, or participating research institution, or participating child care provider and approved by the authority.".

AB508-AA1,7,20 41. Page 11, line 24: delete the material beginning with that line and ending with "authority." on page 12, line 8, and substitute:

AB508-AA1,8,5 "231.03 (14) Make loans to a health facility, educational facility, or research facility, or, before May 1, 2000, child care center for which bonds may be issued under sub. (6) (b) or, (d), or under s. 231.03 (6) (f), 1999 stats. (i), to refinance the health facility's, educational facility's, or research facility's, or child care center's outstanding debt. The authority may secure the loan or bond by a mortgage or other security arrangement on the health facility, educational facility, or research facility, or child care center granted by the participating health institution, participating educational institution, or participating research institution, or participating child care provider to the authority.".

AB508-AA1,8,6 42. Page 12, line 10: delete lines 10 to 18 and substitute:

AB508-AA1,8,14 "231.03 (15) Mortgage all or any portion of a project and other health facilities, educational facilities, or research facilities, or child care centers and the site thereof, whether owned or thereafter acquired, for the benefit of the holders of bonds issued to finance the project, health facilities, educational facilities, or research facilities, or child care centers or any portion thereof or issued to refund or refinance outstanding indebtedness of participating health institutions, educational institutions, or research institutions, or child care providers as permitted by this chapter.".

AB508-AA1,8,16 43. Page 12, line 20: delete the material beginning with that line and ending with "consideration." on page 13, line 14, and substitute:

AB508-AA1,9,10 "231.03 (16) Lease to a participating health institution, participating educational institution, or participating research institution, or participating child care provider the project being financed or other health facilities, educational facilities, or research facilities, or child care centers conveyed to the authority in connection with such financing, upon such terms and conditions as the authority deems proper, and charge and collect rents therefor, and terminate any such lease upon the failure of the lessee to comply with any of the obligations thereof; and include in any such lease, if desired, provisions that the lessee thereof shall have options to renew the term of the lease for such periods and at such rent as the authority determines or to purchase all or any part of the health facilities, educational facilities, or research facilities, or child care centers or that, upon payment of all of the indebtedness incurred by the authority for the financing of such project or health facilities, educational facilities, or research facilities, or child care centers or for refunding outstanding indebtedness of a participating health institution, participating educational institution, or participating research institution, or participating child care provider, the authority may convey all or any part of the project or such other health facilities, educational facilities, or research facilities, or child care centers to the lessees thereof with or without consideration.".

AB508-AA1,9,11 44. Page 13, line 17: after "educational institutions," insert "and".

AB508-AA1,9,13 45. Page 13, line 17: delete "institutions, and" and substitute "institutions, and".

AB508-AA1,9,15 46. Page 13, line 18: delete "participating child care providers nonprofit institutions" and substitute "participating child care providers".

AB508-AA1,9,17 47. Page 13, line 22: delete that line and substitute "and research facilities , and child care centers that could not sustain".

AB508-AA1,9,19 48. Page 14, line 1: delete that line and substitute "facilities, educational facilities, and research facilities, and child care centers".

AB508-AA1,9,20 49. Page 14, line 2: delete "facilities".

AB508-AA1,9,21 50. Page 14, line 12: after "educational institution," insert "or".

AB508-AA1,9,23 51. Page 14, line 13: delete that line and substitute "research institution, or participating child care provider, and".

AB508-AA1,10,1 52. Page 15, line 1: after "educational institutions," insert "and".

AB508-AA1,10,3 53. Page 15, line 2: delete that line and substitute "institutions, and participating child care provider in an".

AB508-AA1,10,4 54. Page 15, line 6: delete lines 6 to 12 and substitute:

AB508-AA1,10,11 "231.05 (1) By means of this chapter, it is the intent of the legislature to provide assistance and alternative methods of financing to nonprofit health institutions to aid them in providing needed health services consistent with the state's health plan, to nonprofit educational institutions to aid them in providing needed educational services, and to nonprofit research institutions to aid them in providing needed research facilities, and to nonprofit child care providers to aid them in providing needed child care services.".

AB508-AA1,10,13 55. Page 15, line 17: delete that line and substitute "or participating research institution, or participating child care provider".

AB508-AA1,10,14 56. Page 15, line 18: delete "institution".

AB508-AA1,10,16 57. Page 15, line 24: delete that line and substitute "facility, educational facility, or research facility, or child care center".

AB508-AA1,10,17 58. Page 16, line 2: delete lines 2 to 7 and substitute:

AB508-AA1,10,23 "231.07 (1) (b) Convey to the participating health institution, participating educational institution, or participating research institution, or participating child care provider the authority's interest in the project and in any other health facility, educational facility, or research facility, or child care center leased, mortgaged, or subject to a deed of trust or any other form of security arrangement to secure the bond.".

AB508-AA1,11,3 59. Page 16, line 12: delete the material beginning with that line and ending with "institutions," on line 13 and substitute "or participating research institutions, or participating child care providers,".

AB508-AA1,11,8 60. Page 17, line 12: delete lines 12 to 15 and substitute "educational facilities, or research facilities, or child care centers with 2 or more health institutions, educational institutions, or research institutions, or child care providers, as lessees respectively, upon such terms as may be provided for in bond resolutions of the authority.".

AB508-AA1,11,10 61. Page 18, line 1: delete that line and substitute "educational institution, or research institution, or child care provider".

AB508-AA1,11,11 62. Page 18, line 2: delete "institution".

AB508-AA1,11,12 63. Page 18, line 4: delete lines 4 to 22 and substitute:

AB508-AA1,12,6 "231.12 Studies and recommendations. It is the intent and purpose of this chapter that the exercise by the authority of the powers granted to it shall be in all respects for the benefit of the people of this state to assist them to provide needed health facilities, educational facilities, and research facilities, and child care centers of the number, size, type, distribution, and operation that will assure admission and health care, education, or research opportunities , or child care of high quality to all who need it. The authority shall identify and study all projects which are determined by health planning agencies to be needed, but which could not sustain a loan were such to be made to it under this chapter. The authority shall formulate and recommend to the legislature such amendments to this and other laws, and such other specific measures as grants, loan guarantees, interest subsidies, or other actions the state may provide which would render the construction and operation of needed health facilities, educational facilities, and research facilities, and child care centers feasible and in the public interest. The authority also shall identify and study any laws or rules which it finds handicaps or bars a needed health facility, educational facility, or research facility, or child care center from participating in the benefits of this chapter, and recommend to the legislature such actions as will remedy such situation.".

AB508-AA1,12,11 64. Page 19, line 2: delete lines 2 to 5 and substitute "or participating research institution, or participating child care provider for each issuance of bonds. The contract shall provide that the rents or other revenues payable by the health facility, educational facility, or research facility, or child care center shall be sufficient at all times to:".

AB508-AA1,12,12 65. Page 19, line 8: after "educational facilities," insert "or".

AB508-AA1,12,14 66. Page 19, line 9: delete "facilities, or child care centers nonprofit facilities" and substitute "facilities, or child care centers".

AB508-AA1,12,15 67. Page 20, line 1: after "educational institution," insert "or".

AB508-AA1,12,17 68. Page 20, line 1: delete "institution, or participating child" and substitute "institution, or participating child".

AB508-AA1,12,18 69. Page 20, line 2: delete "nonprofit institution".

AB508-AA1,12,19 70. Page 20, line 11: after "educational institution," insert "or".

AB508-AA1,12,21 71. Page 20, line 11: delete "institution, or participating child" and substitute "institution, or participating child".

AB508-AA1,12,22 72. Page 20, line 12: delete "nonprofit institution".

AB508-AA1,12,23 73. Page 21, line 6: after "educational institution," insert "or".

AB508-AA1,13,2 74. Page 21, line 6: delete "research institution," and substitute "research institution,".

AB508-AA1,13,4 75. Page 21, line 7: delete that line and substitute "or participating child care provider as its agent, call for".

AB508-AA1,13,5 76. Page 21, line 11: delete lines 11 to 15 and substitute:

AB508-AA1,13,10 "231.23 Nonprofit institutions. It is intended that all nonprofit health institutions, educational institutions, and research institutions, and child care providers in this state be enabled to benefit from and participate in this chapter. To this end, all nonprofit health institutions, educational institutions, and research institutions, and child care providers operating, or authorized to be".

AB508-AA1,13,11 (End)