LRB-1089/1
MCP:kjf:rs
2015 - 2016 LEGISLATURE
DOA:......Byrnes, BB0396 - Pollution abatement debt service
For 2015-2017 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Environment
Other environment
Current law provides for a biennial appropriation from the environmental fund to pay debt service costs on pollution abatement bonds. This bill changes that biennial appropriation to a sum sufficient appropriation from the environmental fund.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 20.370 (7) (ct) of the statutes is amended to read:
20.370 (7) (ct) Principal and interest — pollution abatement, environmental fund. From the environmental fund, the amounts in the schedule a sum sufficient to reimburse s. 20.866 (1) (u) for the payment of principal and interest costs incurred in financing the acquisition, construction, development, enlargement or improvement of point source water pollution abatement facilities and sewage collection facilities under ss. 281.55, 281.56 and 281.57, 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 facilities, and to make payments under an agreement or ancillary arrangement entered into under s. 18.06 (8) (a).
****Note: This Section involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
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