(c) The address of the domestic or foreign limited liability company's principal office.
(d) If management of the domestic or foreign limited liability company is vested in one or more managers, the name and business address of each manager.
(e) The name and business address of each member of the domestic or foreign limited liability company.
(f) A brief description of the nature of the domestic or foreign limited liability company's business.
SECTION 7. 183.0120 (2) of the statutes is amended to read:
183.0120 (2) Information in the annual report shall be current as of the date on which the annual report is executed on behalf of a the domestic or foreign limited liability company, except that the information required by sub. (1) (e) shall be current as of the close of the domestic or foreign limited liability company's fiscal year immediately before the date by which the annual report is required to be delivered to the department.
SECTION 8. 183.0120 (3) of the statutes is amended to read:
183.0120 (3) A domestic limited liability company shall deliver its initial annual report to the department during the first calendar quarter of the year following the calendar year in which the limited liability company's articles of organization become effective under s. 183.0111 and shall deliver each subsequent annual report during the first calender quarter of each subsequent year. A foreign limited liability company registered to transact business in this state shall deliver its annual report to the department during the first calendar quarter of each year following the calendar year in which the foreign limited liability company becomes registered to transact business in this state.
SECTION 9. 183.0120 (4) of the statutes is amended to read:
183.0120 (4) If an annual report does not contain the information required by this section, the department shall promptly notify the reporting domestic or foreign limited liability company in writing and return the report to it for correction.
SECTION 10. 183.0901 (3) of the statutes is created to read:
183.0901 (3) The department administratively dissolves the limited liability company under s. 183.09025 (2) (c), unless the limited liability company is subsequently reinstated under s. 183.09025 (4) (b) or pursuant to judicial review under ss. 227.52 to 227.58.
SECTION 11. 183.09025 of the statutes is created to read:
183.09025 Administrative dissolution and reinstatement. (1) GROUNDS FOR ADMINISTRATIVE DISSOLUTION. The department may bring a proceeding under sub. (2) to administratively dissolve any limited liability company that does not deliver to the department the limited liability company's complete annual report within one year after the annual report is due.
(2) PROCEDURE FOR ADMINISTRATIVE DISSOLUTION. (a) If the department determines that grounds exist under sub. (1) for dissolving a limited liability company, the department shall mail the limited liability company a notice of the determination. The notice shall be in writing and addressed to the registered office of the limited liability company.
(b) Within 60 days after the date on which the notice is received or the date on which the second insertion of the class 2 notice under par. (d) is published, the limited liability company shall correct each ground for dissolution or demonstrate to the reasonable satisfaction of the department that each ground determined by the department does not exist.
(c) If a limited liability company fails to satisfy par. (b), the department shall administratively dissolve the limited liability company. The department shall enter a notation in its records to reflect each ground for dissolution and the effective date of dissolution and shall mail the limited liability company a notice of those facts and a certificate of dissolution. The notice and certificate shall be in writing and addressed to the registered office of the limited liability company. The dissolution is subject to judicial review as provided in ss. 227.52 to 227.58.
(d) If a notice under par. (a) or (c) is returned to the department as undeliverable, the department shall again mail the notice to the limited liability company as provided under that paragraph. If the notice is again returned to the department as undeliverable, the department shall give the notice by publishing a class 2 notice under ch. 985 in the official state newspaper.
(3) USE OF NAME FOLLOWING ADMINISTRATIVE DISSOLUTION. A limited liability company's right to the exclusive use of its name terminates on the date of the administrative dissolution under sub. (2) (c).
(4) REINSTATEMENT. (a) A limited liability company that is administratively dissolved under sub. (2) (c) may apply to the department for reinstatement within 30 days after the date on which the limited liability company is dissolved. The application shall include all of the following:
1. The name of the limited liability company and the date on which it was administratively dissolved.
2. A statement that each ground for dissolution either did not exist or has been cured.
3. A statement that the limited liability company's name satisfies s. 183.0103.
(b) The department shall cancel the certificate of dissolution and issue a certificate of reinstatement under this paragraph if the department determines that the application contains the information required under par. (a), that the information is correct, and that all fees and penalties owed by the limited liability company to the department under this chapter have been paid. The certificate of reinstatement shall state the department's determination under this paragraph and the effective date of reinstatement. The department shall file the certificate and provide a copy to the limited liability company or its representative.
(c) When the reinstatement becomes effective, it shall relate back to and take effect as of the effective date of the administrative dissolution, and the limited liability company may resume carrying on its business as if the administrative dissolution had never occurred.
(d) If the department denies a limited liability company's application for reinstatement under par. (a), the department shall serve the limited liability company with a written notice of denial that explains each reason for the denial. The denial is subject to judicial review as provided in ss. 227.52 to 227.58.
SECTION 9120. Nonstatutory provisions; financial institutions.
(1) LIMITED LIABILITY COMPANY ANNUAL REPORTS. Notwithstanding section 183.0120 (3) of the statutes, as affected by this act, a domestic limited liability company in existence on the effective date of this subsection shall deliver its initial annual report under section 183.0120 of the statutes to the department of financial institutions during the first calendar quarter of 2004.
(End)
LRB-0421LRB-0421/3
RCT:cjs&kjf:pg
2003 - 2004 LEGISLATURE
DOA:......Walker - BB0107, Environmental improvement fund, biennial finance plan
For 2003-05 Budget -- Not Ready For Introduction
2003 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Environment
Water quality
Under the Clean Water Fund Program, this state provides financial assistance for projects for controlling water pollution, including sewage treatment plants. One form of financial assistance provided under the Clean Water Fund Program is a loan at a subsidized interest rate. The budget bill for each fiscal biennium establishes the present value of the subsidies that may be provided under the Clean Water Fund Program during that fiscal biennium. This bill sets the present value of the Clean Water Fund Program subsidies that may be provided during the 2003-05 biennium at $92,400,000. The bill also increases the revenue bonding authority for the Clean Water Fund Program by $259,670,000.
Under the Safe Drinking Water Loan Program, this state provides loans to local governmental units for projects for the construction or modification of public water systems. The loans are provided at subsidized interest rates. The budget bill for each fiscal biennium establishes the present value of the subsidies that may be provided under the Safe Drinking Water Loan Program during that fiscal biennium. This bill sets the present value of the Safe Drinking Water Loan Program subsidies that may be provided during the 2003-05 biennium at $12,800,000.
Hazardous substances and environmental cleanup
Under the Land Recycling Loan Program, this state provides loans to cities, villages, towns, and counties (political subdivisions) for projects to remedy environmental contamination at sites owned by political subdivisions where the environmental contamination has affected, or threatens to affect, groundwater or surface water. The loans are subsidized, so that recipients are not required to pay interest. The budget bill for each fiscal biennium establishes the present value of the subsidies that may be provided under the Land Recycling Loan Program during that fiscal biennium. This bill sets the present value of the Land Recycling Loan Program subsidies that may be provided during the 2003-05 biennium at $12,000,000.
For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 281.59 (3e) (b) 1. and 3. of the statutes are amended to read:
281.59 (3e) (b) 1. Equal to $90,000,000 $92,400,000 during the 2001-03 2003-05 biennium.
3. Equal to $1,000 for any biennium after the 2001-03 2003-05 biennium.
SECTION 2. 281.59 (3m) (b) 1. and 2. of the statutes are amended to read:
281.59 (3m) (b) 1. Equal to $9,110,000 $12,000,000 during the 2001-03 2003-05 biennium.
2. Equal to $1,000 for any biennium after the 2001-03 2003-05 biennium.
SECTION 3. 281.59 (3s) (b) 1. and 2. of the statutes are amended to read:
281.59 (3s) (b) 1. Equal to $10,900,000 $12,800,000 during the 2001-03 2003-05 biennium.
2. Equal to $1,000 for any biennium after the 2001-03 2003-05 biennium.
SECTION 4. 281.59 (4) (f) of the statutes is amended to read:
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 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 $1,398,355,000 $1,658,025,000 in principal amount, excluding obligations issued to refund outstanding revenue obligation notes.
(End)
LRB-0423LRB-0423/4
RCT:kmg:rs
2003 - 2004 LEGISLATURE
DOA:......Walker - BB0111, Repayment of nonpoint source grants
For 2003-05 Budget -- Not Ready For Introduction
2003 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Environment
Water quality
Under current law, DNR administers a program to provide financial assistance for measures to reduce water pollution from nonpoint (diffuse) sources. Current law authorizes DNR to use repayments of cash surpluses and cash advances from recipients of grants under this program to provide financial assistance under the program.
Under this bill, repayments of cash surpluses and cash advances from recipients of grants under the nonpoint source program are used to pay principal and interest costs of bonds issued to fund the nonpoint source program.
For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 20.370 (6) (ag) of the statutes is renumbered 20.370 (7) (cg) and amended to read:
20.370 (7) (cg) Environmental aids Principal repayment and interest -- nonpoint repayments. All moneys received as repayments of cash surpluses and cash advances from recipients of grants under the nonpoint source water pollution abatement program under s. 281.65, for grants and assistance under the nonpoint source water pollution abatement program under s. 281.65 to reimburse s. 20.866 (1) (u) for the payment of principal and interest costs incurred in providing funds under s. 20.866 (2) (te) for nonpoint source water pollution projects under s. 281.65 and to make the payments determined by the building commission under s. 13.488 (1) (m) that are attributable to the proceeds of obligations incurred in financing those projects.
SECTION 2. 20.370 (7) (ca) of the statutes is amended to read:
20.370 (7) (ca) Principal repayment and interest -- nonpoint source grants. A sum sufficient to reimburse s. 20.866 (1) (u) for the payment of principal and interest costs incurred in providing funds under s. 20.866 (2) (te) for nonpoint source water pollution abatement projects under s. 281.65 and to make the payments determined by the building commission under s. 13.488 (1) (m) that are attributable to the proceeds of obligations incurred in financing those projects, to the extent that these payments are not made under par. (cg).
(End)
LRB-0424LRB-0424/2
RCT:jld:rs
2003 - 2004 LEGISLATURE
DOA:......Walker - BB0112, Changes in appropriation for nonpoint source program
For 2003-05 Budget -- Not Ready For Introduction
2003 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Environment
Water quality
Under current law, DNR, in conjunction with DATCP and local governmental units, administers a program to provide financial assistance for measures to reduce water pollution from nonpoint (diffuse) sources. This bill eliminates the requirement that DNR allocate $300,000 in each fiscal year from the general purpose revenue appropriation for financial assistance under this nonpoint source program for grants for projects affecting lakes that have been designated as priority lakes.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 20.370 (6) (aa) of the statutes is amended to read:
20.370 (6) (aa) Environmental aids; nonpoint source. Biennially, the amounts in the schedule for grants and assistance under the nonpoint source water pollution abatement program under s. 281.65. The department shall allocate $300,000 in each fiscal year from this appropriation for grants under s. 281.65 (8) (cm).
(End)
LRB-0425LRB-0425/2
RCT:jld&klf:cph
2003 - 2004 LEGISLATURE
DOA:......Walker - BB0113, Changes in appropriation for urban nonpoint and related programs
For 2003-05 Budget -- Not Ready For Introduction
2003 BILL
