Amendment AA1-SB70

SB70-AA1,30,20 1. There has been no account activity for at least 6 months and the account balance is less than $250.

SB70-AA1,30,21 2. There has been no account activity for at least 2 years.

SB70-AA1,30,24 (b) If an account is considered abandoned under par. (a), the investment administrator shall close the account and disburse the account balance to the individual who established the account.

SB70-AA1,31,2 (8) Powers of board; departmental assistance; rules. (a) The board may do any of the following:

SB70-AA1,31,5 1. In establishing the program under this section, create or impose any requirement or condition not inconsistent with this section that the board considers necessary for the effective functioning and widespread utilization of the program.

SB70-AA1,31,9 2. Enter into contracts or other arrangements for any services necessary for establishing and overseeing the program under this section or for otherwise carrying out the purposes of this section, including the services of financial institutions, attorneys, investment advisers, accountants, consultants, and other professionals.

SB70-AA1,31,11 3. Exercise any other powers necessary to establish and oversee the program under this section or otherwise carry out the purposes of this section.

SB70-AA1,31,12 4. Promulgate rules to carry out the purposes of this section.

SB70-AA1,31,16 (b) The department shall provide the board with any assistance necessary to carry out the purposes of this section, including staff, equipment, and office space. The board may delegate to the department responsibility for carrying out any day-to-day board function related to the program under this section.

SB70-AA1,9116 Section 9116. Nonstatutory provisions; Financial Institutions.

SB70-AA1,31,21 (1) Small business retirement savings board; staggered terms. Notwithstanding the length of terms specified for the members of the small business retirement savings board under s. 15.185 (6) (b), the members appointed under s. 15.185 (6) (a) 2., 4., and 6. shall be appointed for initial terms expiring on May 1, 2025.

SB70-AA1,31,25 (2) Small business retirement savings program position. The authorized FTE positions for the department of financial institutions are increased by 1.0 PR position, to be funded from the appropriation under s. 20.144 (4) (g), to establish and administer the small business retirement savings program under s. 224.56.”.

SB70-AA1,32,1 113. Page 374, line 11: after that line insert:

SB70-AA1,32,3 “ Section 23 . 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: - See PDF for table - See PDF for table

SB70-AA1,24 Section 24. 20.437 (2) (c) of the statutes is created to read:

SB70-AA1,32,6 20.437 (2) (c) Child care quality improvement program. The amounts in the schedule for the program under s. 49.133.

SB70-AA1,25 Section 25. 49.133 of the statutes is created to read:

SB70-AA1,32,13 49.133 Child care quality improvement program. (1) The department may establish a program under which it may, from the appropriation under s. 20.437 (2) (c) and under s. 49.175 (1) (qm), make monthly payments and monthly per-child payments to child care providers certified under s. 48.651, child care centers licensed under s. 48.65, and child care programs established or contracted for by a school board under s. 120.13 (14).

SB70-AA1,32,16 (2) The department may promulgate rules to implement the program under this section, including establishing eligibility requirements and payment amounts and setting requirements for how recipients may use the payments.

SB70-AA1,26 Section 26. 49.155 (6) (e) 2. of the statutes is repealed.

SB70-AA1,27 Section 27. 49.155 (6) (e) 3. (intro.) of the statutes is amended to read:

SB70-AA1,33,3 49.155 (6) (e) 3. (intro.) The department may modify a child care provider's maximum payment rate under subd. 2. pars. (a) to (c) on the basis of the provider's quality rating, as described in the quality rating plan, in the following manner:

SB70-AA1,33,10 (2a) Child care quality improvement program. Using the procedure under s. 227.24, the department of children and families may promulgate the rules authorized under s. 49.133 (2) as emergency rules. Notwithstanding s. 227.24 (1) (a) and (3), the department of children and families is not required to provide evidence that promulgating a rule under this subsection as an emergency rule is necessary for the preservation of the public peace, health, safety, or welfare and is not required to provide a finding of emergency for a rule promulgated under this subsection.” .

SB70-AA1,33,11 114. Page 374, line 11: after that line insert:

SB70-AA1,33,12 “ Section 28. 16.3069 of the statutes is created to read:

SB70-AA1,33,17 16.3069 Whole-home upgrade grants. (1) Grants. (a) From the appropriation under s. 20.505 (7) (fr), the department shall award one or more grants to the Walnut Way Conservation Corporation and Elevate, Inc., for the purpose of funding home improvements in low-income households in a 1st class city that have one or more of the following goals:

SB70-AA1,33,18 1. Reducing carbon emissions.

SB70-AA1,33,19 2. Reducing energy burdens.

SB70-AA1,33,20 3. Creating cost savings.

SB70-AA1,33,21 4. Creating healthier living environments.

SB70-AA1,33,23 (b) The department may establish eligibility requirements and other program guidelines for the grant program under this subsection.

SB70-AA1,33,24 (2) Sunset. No grants may be awarded under sub. (1) after June 30, 2025.

SB70-AA1,29 Section 29. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: - See PDF for table

SB70-AA1,30 Section 30. 20.505 (7) (fr) of the statutes is created to read:

SB70-AA1,34,5 20.505 (7) (fr) Whole-home upgrade grants. Biennially, the amounts in the schedule for grants under s. 16.3069.”.

SB70-AA1,34,6 115. Page 374, line 11: after that line insert:

SB70-AA1,34,7 “ Section 31. 20.144 (1) (g) of the statutes is amended to read:

SB70-AA1,34,16 20.144 (1) (g) General program operations. The amounts in the schedule for the general program operations of the department of financial institutions. Except as provided in pars. (a), (h), (i), (j), and (u) and sub. (3), all moneys received by the department, other than by the office of credit unions and the division of banking, and 88 percent of all moneys received by the office of credit unions and the department's division of banking shall be credited to this appropriation, but any balance at the close of a fiscal year under this appropriation shall lapse to the general fund. Annually, $150,000 $260,000 of the amounts received under this appropriation account shall be transferred to the appropriation account under s. 20.575 (1) (g).”.

SB70-AA1,34,17 116. Page 374, line 11: after that line insert:

SB70-AA1,34,18 “ Section 32. 71.05 (6) (a) 28. of the statutes is amended to read:

SB70-AA1,35,3 71.05 (6) (a) 28. Upon the termination of an account as described under s. 16.643 or 224.55, any amount in the account that is returned to an account owner's estate.

SB70-AA1,33 Section 33. 224.55 of the statutes is created to read:

SB70-AA1,35,6 224.55 Support accounts for individuals with disabilities. (1) Definitions. In this section:

SB70-AA1,35,7 (a) “ABLE account" means an account established under an ABLE program.

SB70-AA1,35,9 (b) “ABLE program” means a qualified ABLE program under section 529A of the Internal Revenue Code.

SB70-AA1,35,14 (2) Department to establish ABLE program. (a) Implementation directly or by agreement. The department shall implement and administer an ABLE program, either directly or by entering into a formal or informal agreement with another state, or with an entity representing an alliance of states, to establish an ABLE program or otherwise administer ABLE program services for the residents of this state.

SB70-AA1,35,20 (b) Review of other states' partnership programs. The department shall review section 529A ABLE state partnership programs offered by other states and, no later than the first day of the 10th month beginning after the effective date of this paragraph .... [LRB inserts date], determine whether, as the best option for Wisconsin residents, the department will implement the ABLE program under par. (a) directly or by entering into an agreement.

SB70-AA1,35,23 (c) Agreement terms. An agreement under par. (a) may require the party contracting with the department, in addition to providing any other services, to do any of the following:

SB70-AA1,36,3 1. Develop and implement an ABLE program in accordance with all requirements under section 529A of the Internal Revenue Code, and modify this ABLE program as necessary for participants in the ABLE program to qualify for the federal income tax benefits or treatment provided under section 529A of the Internal Revenue Code and rules adopted under section 529A.

SB70-AA1,36,6 2. Engage the services of vendors on a contractual basis for rendering professional and technical assistance and advice in developing marketing plans and promotional materials to publicize the ABLE program.

SB70-AA1,36,9 3. Work with organizations with expertise in supporting people with disabilities and their families in administering the agreement and ensuring accessibility of the ABLE program for people with disabilities.

SB70-AA1,36,11 4. Take any other action necessary to implement and administer the ABLE program.

SB70-AA1,36,13 (d) Information about ABLE accounts. The department shall include on its website information concerning ABLE accounts.

SB70-AA1,36,15 (3) Confidentiality. The department shall keep confidential any personal and financial information maintained by the department relating to an ABLE account.

SB70-AA1,36,17 (4) Funding; rules. (a) All expenses incurred by the department under this section shall be paid from the appropriation under s. 20.144 (1) (g).

SB70-AA1,36,19 (b) The department may promulgate rules to implement and administer this section.”.

SB70-AA1,36,20 117. Page 374, line 11: after that line insert:

SB70-AA1,36,21 “ Section 34. 16.3078 of the statutes is created to read:

SB70-AA1,37,2 16.3078 Rental assistance grants for homeless veterans. From the appropriation under s. 20.505 (7) (bq), the department shall award grants to each continuum of care organization in this state designated by the federal department of housing and urban development. All grant funds shall be used to provide tenant-based rental assistance to homeless veterans in this state.

SB70-AA1,35 Section 35. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: - See PDF for table

SB70-AA1,36 Section 36. 20.505 (7) (bq) of the statutes is created to read:

SB70-AA1,37,7 20.505 (7) (bq) Rental assistance for homeless veterans. The amounts in the schedule for the rental assistance grants awarded under s. 16.3078.”.

SB70-AA1,37,8 118. Page 374, line 11: after that line insert:

SB70-AA1,37,9 “ Section 37. 13.121 (4) of the statutes is amended to read:

SB70-AA1,37,18 13.121 (4) Insurance. For the purpose of premium determinations under s. 40.05 (4) and (5) each member of the legislature shall accrue sick leave at a rate equivalent to a percentage of time worked recommended for such positions by the administrator of the division of personnel management in the department of administration and approved by the joint committee on employment relations in the same manner as compensation for such positions is determined under s. 20.923. This percentage of time worked shall be applied to the sick leave accrual rate established under s. 230.35 (2). The approved percentage shall be incorporated into the compensation plan under s. 230.12 (1).

SB70-AA1,38 Section 38. 40.03 (1) (i) of the statutes is amended to read:

SB70-AA1,38,5 40.03 (1) (i) May determine that some or all of the disability annuities and death benefits provided from the Wisconsin retirement system shall instead be provided through group insurance plans to be established by the group insurance board either as separate plans or as integral parts of the group life and income continuation insurance plans established under this chapter.

SB70-AA1,39 Section 39. 40.03 (1) (p) of the statutes is amended to read:

SB70-AA1,38,10 40.03 (1) (p) May, upon the recommendation of the actuary, transfer in whole or in part the assets and reserves held in any account described in s. 40.04 (9) to a different account described in s. 40.04 (9), for the purpose of providing any group insurance benefit offered by the group insurance board.

SB70-AA1,40 Section 40. 40.03 (1) (q) of the statutes is created to read:

SB70-AA1,38,14 40.03 (1) (q) For the purposes of the group income continuation insurance plan established under ss. 40.61 and 40.62 and the group long-term disability insurance plan established under s. 40.64:

SB70-AA1,38,17 1. May, on behalf of the state, enter into a contract or contracts with one or more insurers authorized to transact insurance business in this state for the purpose of providing the plans.

SB70-AA1,38,19 2. May, wholly or partially in lieu of subd. 1., on behalf of the state, provide the plans on a self-insured basis.

SB70-AA1,38,22 3. May take any action as trustees that is considered advisable and not specifically prohibited or delegated to some other governmental agency to carry out the purpose and intent of the plans.

SB70-AA1,39,4 4. May apportion all excess moneys becoming available to the board through operation of the plans to reduce premium payments in following contract years or to establish reserves to stabilize costs in subsequent years. If the board determines that the excess became available due to favorable experience of specific groups of employers or specific employee groups, the board may make the apportionment in a manner designated to benefit the specific employers or employee groups only or to a greater extent than other employers and employee groups.

SB70-AA1,39,6 5. Shall take prompt action to liquidate any actuarial or cash deficit that occurs in the accounts and reserves maintained in the fund for the plans.

SB70-AA1,39,8 6. Shall accept timely appeals of determinations made by the department affecting any right or benefit under the plans.

SB70-AA1,41 Section 41. 40.03 (2) (i) of the statutes is amended to read:

SB70-AA1,39,22 40.03 (2) (i) Shall Except as provided under pars. (ig) and (ir), shall promulgate, with the approval of the board, all rules, except rules promulgated under par. (ig) or (ir), that are required for the efficient administration of the fund or of any of the benefit plans established by this chapter. In addition to being approved by the board, and shall promulgate rules as necessary for a group long-term disability insurance plan established under s. 40.64. All rules promulgated under this paragraph are subject to board approval under sub. (1) (m). Except for rules promulgated under s. 40.30 (6), the rules promulgated under this paragraph relating to teachers must be approved are subject to approval by the teachers retirement board and under sub. (7) (d). Except for rules promulgated under s. 40.30 (6), the rules promulgated under this paragraph relating to participants other than teachers must be approved are subject to approval by the Wisconsin retirement board, except rules promulgated under s. 40.30 sub. (8) (d).

SB70-AA1,42 Section 42. 40.03 (2) (ig) of the statutes is amended to read:

SB70-AA1,40,2 40.03 (2) (ig) Shall promulgate, with the approval of the group insurance board, all rules required for the administration of the group health, long-term care, income continuation or life insurance plans established under subchs. IV to and VI and health savings accounts under subch. IV.

SB70-AA1,43 Section 43. 40.03 (6) (intro.) of the statutes is amended to read:

SB70-AA1,40,8 40.03 (6) Group insurance board. (intro.) The With respect to the group insurance plans provided for by this chapter other than the group income continuation insurance plan established under ss. 40.61 and 40.62 and the group long-term disability insurance plan established under s. 40.64, the group insurance board:

SB70-AA1,44 Section 44. 40.03 (6) (a) 1. of the statutes is amended to read:

SB70-AA1,40,13 40.03 (6) (a) 1. Except as provided in par. (m), shall, on behalf of the state, enter into a contract or contracts with one or more insurers authorized to transact insurance business in this state for the purpose of providing the group insurance plans provided for by this chapter; or

SB70-AA1,45 Section 45. 40.03 (6) (d) (intro.) of the statutes is amended to read:

SB70-AA1,40,19 40.03 (6) (d) (intro.) May take any action as trustees which that is deemed advisable and not specifically prohibited or delegated to some other governmental agency, to carry out the purpose and intent of the group insurance plans provided under this chapter, including, but not limited to, provisions in the appropriate contracts relating to:

SB70-AA1,46 Section 46. 40.03 (6) (i) of the statutes is amended to read:

SB70-AA1,40,23 40.03 (6) (i) Shall accept timely appeals of determinations made by the department affecting any right or benefit under any group insurance plan provided for under this chapter that is overseen by the group insurance board.