AB150: Bill Text Engrossed

AB150-engrossed,556,15 24.63 (4) Repayment before due date permitted. Any municipality borrower after March 15 and prior to August 1 of any year may repay one or more instalments in advance of the due date, and all interest upon such advance payment shall thereupon terminate.".

AB150-engrossed, s. 1377 Section 1377. 24.66 (1) (intro.) of the statutes is amended to read:

AB150-engrossed,557,2 24.66 (1) For all municipalities. (intro.) No trust fund loan may be made unless an application is made to the board under this section. The application shall state the amount of money required, the purpose to which it is to be applied, and the times and terms of repayment, whether the loan is sought for an educational technology or distance education project under s. 24.61 (3) (d), and if so, whether the educational technology board has approved a grant to pay a portion of the interest on the loan under s. 16.992 (3) (b) and in the case of a cooperative educational service agency, the names of the school districts participating in the distance education project for which the loan is sought. The application shall be accompanied by satisfactory proof:

AB150-engrossed, s. 1377g Section 1377g. 24.66 (3m) of the statutes is created to read:

AB150-engrossed,557,11 24.66 (3m) For educational technology or distance education loans. An application by a county, city, village or town to undertake an educational technology or distance education project, or by a consortium that includes a county, city, village or town under s. 24.61 (3) (d) shall be accompanied by a resolution of the county or municipal library board for that county, city, village or town, or the county or municipal library board of each county, city, village or town participating in the consortium, requesting the county, city, village or town to apply for the loan for the purpose of conducting an educational technology or distance education project.

AB150-engrossed, s. 1377h Section 1377h. 24.66 (3s) of the statutes is created to read:

AB150-engrossed,557,20 24.66 (3s) For cooperative educational service agencies. An application for a loan by a cooperative educational service agency shall be accompanied by a certified copy of a resolution of the board of control of the agency approving the loan and shall contain satisfactory proof of the valuation of all taxable property within each school district for which the loan is sought as equalized for state purposes, of the existing indebtedness of each such school district and of approval of the application by each school district in the same manner as provided for a loan to that school district for the same amount and terms under sub. (3).

AB150-engrossed, s. 1377m Section 1377m. 24.66 (5) (a) of the statutes is amended to read:

AB150-engrossed,558,24 24.66 (5) (a) Every application for a loan under this section by a municipality shall be accompanied by a certified copy under the hand of the proper clerk of a recorded resolution adopted by the municipality applying for or approving the loan, levying, except as provided in par. (b), upon all the taxable property of the municipality a direct annual tax for the purpose of paying and sufficient to pay the principal and interest on such the proposed loan as it falls due, and also to pay and discharge the principal thereof within 20 years from the making of such loan. Such a levy shall become they become due. In a 1st class city school district, the application shall be accompanied by a certified copy of a resolution, adopted by the board of school directors, stating that it is the intention of the board of school directors to include in its budget transmitted to the common council under s. 119.16 (8) (b) a written notice specifying the amount of money necessary to pay the principal and interest on the loan as they become due. Every application for a loan under this subsection by a cooperative educational service agency shall be accompanied by a copy of a recorded resolution adopted by the school board of each school district for which the loan is sought, certified by the school district clerk of that school district, levying upon all taxable property of the school district a direct annual tax for the purpose of paying and sufficient to pay the school district's share of the principal and interest on the proposed loan as they become due. Every application for a loan under this subsection by a cooperative educational service agency shall be accompanied by a copy of a recorded resolution adopted by the school board of each school district for which the loan is sought, certified by the school district clerk of that school district, levying upon all taxable property of the school district a direct annual tax for the purpose of paying and sufficient to pay the school district's share of the principal and interest on the proposed loan as they become due. The levy imposed by the municipality shall be void and of no effect if the board declines to make the loan; otherwise it shall remain valid and irrepealable until the loan and all interest thereon is on the loan are fully paid.

AB150-engrossed, s. 1377s Section 1377s. 24.67 (1) (intro.) of the statutes is amended to read:

AB150-engrossed,559,4 24.67 (1) (intro.)  If the board approves the application, it shall cause certificates of indebtedness to be prepared in proper form and transmitted to the municipality or cooperative educational service agency submitting the application. The certificate of indebtedness shall be executed and signed:

AB150-engrossed, s. 1377t Section 1377t. 24.67 (1) (L) of the statutes is created to read:

AB150-engrossed,559,7 24.67 (1) (L) For a cooperative educational service agency, by the president of each school district for which the loan is made.

AB150-engrossed, s. 1378b Section 1378b. 24.67 (3) of the statutes is amended to read:

AB150-engrossed,559,19 24.67 (3) If a unit of government municipality has acted under subs. (1) and (2), it shall certify that fact to the department of administration. The department Upon receiving a certification from a municipality, or upon direction of the board if a loan is made to a cooperative educational service agency, the secretary of administration shall then draw a warrant upon the state treasurer for the amount of the loan, payable to the treasurer of the municipality or cooperative educational service agency making the loan or as he or she the treasurer of the municipality or cooperative educational service agency directs. The certificate of indebtedness shall then be conclusive evidence of the validity of the indebtedness and that all the requirements of law concerning the application for the making and acceptance of the loan have been complied with.

AB150-engrossed, s. 1379b Section 1379b. 24.695 of the statutes is created to read:

AB150-engrossed,560,4 24.695 Payment of interest by state. The board shall, upon request of the educational technology board, certify to the educational technology board the amount of interest due on any loan for which the educational technology board has made a grant for interest payments under s. 16.992 (3) (b). The board shall accept payment from the educational technology board for the interest payable on any such loan and shall deduct the amount of any payment received from its certified statement of the amount payable under s. 24.70 (2) or 24.71 (2) for the year in which the payment is received. The applicant remains liable for payment of any interest that is not paid by the educational technology board.

AB150-engrossed, s. 1379m Section 1379m. 24.70 of the statutes is amended to read:

AB150-engrossed,560,8 24.70 (title) Collection from municipalities borrowers other than school districts. (1) Applicability. This section applies to all outstanding state trust fund loans to municipalities borrowers other than school districts.

AB150-engrossed,560,16 (2) Certified statement. If a municipality borrower other than a school district has a state trust fund loan, the board shall transmit to the municipal clerk of the jurisdiction, or the person signing the application on behalf of the borrower in the case of a cooperative educational service agency, a certified statement of the amount due on or before October 1 of each year until the loan is paid repaid. The board shall submit a copy of each certified statement to the state treasurer. A cooperative educational service agency shall transmit a copy of the statement to the clerk of each school district on behalf of which the agency has obtained a loan.

AB150-engrossed,560,25 (3) Amount added to municipal levy. The Upon receipt of a certified statement by a municipal clerk, the municipal clerk shall then cause the amount to be added to the municipal levy and collected in the same manner as the municipal tax except the amount for the state trust fund loan shall be separately designated. Upon receipt of a certified statement by a school district clerk from a cooperative educational service agency, the clerk shall cause the amount for which the district is responsible under s. 24.61 (7) to be added to the school district levy and collected in the same manner as the school district tax, except that the amount for the loan shall be separately stated.

AB150-engrossed,561,8 (4) Payment to state treasurer. The municipal treasurer of each municipality shall transmit to the state treasurer on his or her order the full amount levied for state trust fund loans within 15 days after March 15. Each cooperative educational service agency shall similarly transmit the annual amount owed on any state trust fund loan made to the agency by that date. The state treasurer shall notify the board when he or she receives payment. Any payment not made by March 30 is delinquent and is subject to a penalty of one percent per month to be paid to the state treasurer with the delinquent payment.

AB150-engrossed,561,15 (6) Failure to make payments. If the municipal treasurer any municipality fails to remit the amount due by the date specified under sub. (4), the board may file a certified statement of the amount delinquent with the department of administration. The department of administration shall collect the amount due, including any penalty, by deducting that amount from any state payments due the municipality, shall remit that amount to the state treasurer and shall notify the treasurer and the board of that action.

AB150-engrossed, s. 1386m Section 1386m. 24.72 of the statutes is amended to read:

AB150-engrossed,561,19 24.72 Use of funds. No money obtained by a municipality borrower from a state trust fund loan may be applied to or paid out for any purpose except that specified in the application for the loan without the consent of the board.

AB150-engrossed, s. 1387b Section 1387b. 24.73 of the statutes is amended to read:

AB150-engrossed,562,2 24.73 Extension of loan. All loans made or which may be made from any of such state trust funds to any municipality borrower may be extended for such time and upon such terms as may be agreed upon by and between the board and such borrower; provided, however, that no loan shall be extended upon which there is any default in the payment of interest at the time of making application therefor, nor to any period beyond 20 years from its inception, nor at any rate of interest less than the minimum established by law.

AB150-engrossed, s. 1389 Section 1389. 25.14 (3) of the statutes is amended to read:

AB150-engrossed,562,17 25.14 (3) The department of administration, upon consultation with the investment board, shall distribute all earnings, profits or losses of the state investment fund to each participating fund in the same ratio as each such fund's average daily balance within the state investment fund bears to the total average daily balance of all participating funds, except as provided in s. 14.58 (19), except that the department of administration shall credit to the appropriation account under s. 20.585 (1) (js) an amount equal to the amount assessed under s. 25.19 (2) from the earnings or profits of the funds against which an assessment is made and except that the department of administration shall credit to the appropriation account under s. 20.585 (1) (jt) an amount equal to the amount assessed under s. 25.19 (3) from the earnings or profits of the funds against which an assessment is made. Such distribution shall be made at such times as the department of administration may determine, but must be made at least semiannually in each complete fiscal year of operation.

AB150-engrossed, s. 1393m Section 1393m. 25.16 (3) of the statutes is repealed.

AB150-engrossed, s. 1393r Section 1393r. 25.16 (7) of the statutes is amended to read:

AB150-engrossed,563,2 25.16 (7) The executive director shall fix the compensation of all employes appointed by the executive director, subject to restrictions set forth in the compensation plan under s. 230.12, the pay range maximum and compensation maximum under s. 230.125 or any applicable collective bargaining agreement in the case of employes in the classified service, but the investment board may provide for bonus compensation to employes in the unclassified service as authorized under s. 25.156 (6).

AB150-engrossed, s. 1394m Section 1394m. 25.17 (1) (gi) of the statutes is created to read:

AB150-engrossed,563,4 25.17 (1) (gi) Heritage state parks and forests trust fund (s. 25.295);

AB150-engrossed, s. 1395 Section 1395. 25.17 (1) (i) of the statutes is created to read:

AB150-engrossed,563,6 25.17 (1) (i) Information technology investment fund (s. 25.61);

AB150-engrossed, s. 1396 Section 1396. 25.17 (3) (b) 9. of the statutes is created to read:

AB150-engrossed,563,9 25.17 (3) (b) 9. Bonds issued by the University of Wisconsin Hospitals and Clinics Authority.

AB150-engrossed, s. 1399 Section 1399. 25.19 (1) of the statutes is amended to read:

AB150-engrossed,563,13 25.19 (1) The state treasurer shall be the treasurer of the investment board and shall give an additional bond in such amount and with such corporate sureties as is required and approved by the board, the cost of which shall be borne by the board.

AB150-engrossed,563,21 (1m) Any of the securities purchased by the investment board for any of the funds whose investment is under the control of the board may be deposited by the board or the state treasurer in vaults or other safe depositories outside of the office of the state treasurer, and either in or outside of this state , but a safekeeping receipt shall be delivered to the state treasurer for all securities so deposited. Every such safekeeping receipt shall describe the securities covered thereby and be payable on demand, without conditions, to the investment board or to any designated fund under the control of the board or to the state treasurer.

AB150-engrossed, s. 1400 Section 1400. 25.19 (2) of the statutes is repealed.

AB150-engrossed, s. 1401 Section 1401. 25.29 (1) (a) of the statutes is amended to read:

AB150-engrossed,564,3 25.29 (1) (a) All Except as provided in s. 25.295, all moneys accruing to the state for or in behalf of the department under chs. 26, 27, 28, 29 and 350, subchs. I and VI of ch. 77 and ss. 23.09 to 23.42, 23.50 to 23.99, 30.50 to 30.55, 70.58 and 71.10 (5), including grants received from the federal government or any of its agencies except as otherwise provided by law.

AB150-engrossed, s. 1402 Section 1402. 25.29 (1) (e) of the statutes is amended to read:

AB150-engrossed,564,6 25.29 (1) (e) An amount equal to the amounts expended under s. 20.370 (1) (kw) (7) (aq).

AB150-engrossed, s. 1403 Section 1403. 25.29 (3) (b) of the statutes is amended to read:

AB150-engrossed,564,8 25.29 (3) (b) As provided in s. 20.370 (4) (5) (aq).

AB150-engrossed, s. 1405e Section 1405e. 25.295 of the statutes is created to read:

AB150-engrossed,564,12 25.295 Heritage state parks and forests trust fund. (1) There is established a separate nonlapsible trust fund designated as the heritage state parks and forests trust fund, to consist of:

AB150-engrossed,564,15 (a) All gifts, grants or bequests or other contributions made to the heritage state parks and forests trust fund. The department of natural resources may convert any noncash gift, grant, bequest or other contribution into cash.

AB150-engrossed,564,19 (b) Notwithstanding s. 23.15 (4), all moneys received by the department of natural resources from utility easements on property located in the state park system, a southern state forest, as defined in s. 27.016 (1) (c), or a state recreation area under ss. 23.09 (10), 27.01 (2) (g) and 28.02 (5).

AB150-engrossed,564,23 (c) All moneys received by the department of natural resources that are not fees collected under s. 27.01 (7) to (10) from rentals of real property or equipment that is part of the state park system, a southern state forest, as defined in s. 27.016 (1) (c), or a state recreation area.

AB150-engrossed, s. 1405r Section 1405r. 25.31 (3) of the statutes is amended to read:

AB150-engrossed,565,4 25.31 (3) Third: The income shall be disbursed from the state treasury only upon warrants issued on certifications by the department of health and social services corrections upon the recommendation of the superintendent or other managing officer of such school or other institution.

AB150-engrossed, s. 1406 Section 1406. 25.36 (1) of the statutes is amended to read:

AB150-engrossed,565,17 25.36 (1) Except as provided in sub. (2), all moneys appropriated or transferred by law shall constitute the veterans trust fund which shall be used exclusively for the veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (w) and, (z) and (zm), 45.01, 45.25, 45.351 (1) and (2), 45.352, 45.353, 45.356, 45.357, 45.396, 45.397 and 45.43 (7) and administered by the department of veterans affairs, including all moneys received from the federal government for the benefit of veterans or their dependents; all moneys paid as interest on and repayment of loans under the post-war rehabilitation fund; soldiers rehabilitation fund, veterans housing funds as they existed prior to July 1, 1961; all moneys paid as interest on and repayment of loans under this fund; all moneys paid as expenses for, interest on and repayment of veterans trust fund stabilization loans; and all gifts of money received by the board of veterans affairs for the purposes of this fund.

AB150-engrossed, s. 1407 Section 1407. 25.40 (1) (a) 2. of the statutes is amended to read:

AB150-engrossed,565,21 25.40 (1) (a) 2. Other revenues specified in ch. 218 derived from the issuance of licenses under the authority of the commissioner division of banking which shall be paid into the general fund.

AB150-engrossed, s. 1408b Section 1408b. 25.40 (1) (a) 5. of the statutes is repealed.

AB150-engrossed, s. 1408r Section 1408r. 25.40 (1) (a) 12. of the statutes is created to read:

AB150-engrossed,565,25 25.40 (1) (a) 12. Fees collected under s. 341.45 (1g) (a) that are required under s. 341.45 (4m) to be deposited in the petroleum inspection fund.

AB150-engrossed, s. 1411 Section 1411. 25.40 (2) (b) 12. of the statutes is repealed.

AB150-engrossed, s. 1411g Section 1411g. 25.40 (2) (b) 13. of the statutes is amended to read:

AB150-engrossed,566,3 25.40 (2) (b) 13. Section 20.399 (1) (r) (v).

AB150-engrossed, s. 1411r Section 1411r. 25.40 (2) (b) 13. of the statutes, as affected by 1995 Wisconsin Act .... (this act), is renumbered 25.40 (2) (b) 15m. and amended to read:

AB150-engrossed,566,6 25.40 (2) (b) 15m. Section 20.399 (1) 20.445 (6) (v).

AB150-engrossed, s. 1412d Section 1412d. 25.40 (2) (b) 15g. of the statutes is created to read:

AB150-engrossed,566,8 25.40 (2) (b) 15g. Section 20.445 (1) (uy).

AB150-engrossed, s. 1413 Section 1413. 25.40 (2) (b) 17. of the statutes is repealed.

AB150-engrossed, s. 1414 Section 1414. 25.43 (3) of the statutes is amended to read:

AB150-engrossed,566,14 25.43 (3) Except for the purpose of investment as provided in s. 25.17 (2) (d), the clean water fund may be used only for the purposes authorized under ss. 20.320 (1) (r), (s) and (t), 20.370 (2) (mt) and (mx) and (4) (iv) and (ix), (6) (mu) and (mx) and (8) (mr), 20.505 (1) (v) and (x), 144.241 and 144.2415.

AB150-engrossed, s. 1415 Section 1415. 25.46 (17m) of the statutes is created to read:

AB150-engrossed,566,17 25.46 (17m) All moneys received under s. 144.968 (2) for cooperative remedial action.

AB150-engrossed, s. 1417 Section 1417. 25.465 (7) of the statutes is amended to read:

AB150-engrossed,566,19 25.465 (7) The fees imposed under s. 94.705 (1) and (4).

AB150-engrossed, s. 1418 Section 1418. 25.50 (1) (d) of the statutes is amended to read:

AB150-engrossed,567,2 25.50 (1) (d) "Local government" means any county, town, village, city, power district, sewerage district, drainage district, town sanitary district, public inland lake protection and rehabilitation district, public library system, school district or technical college district in this state, any commission, committee, board or officer of any governmental subdivision of this state, any court of this state, other than the court of appeals or the supreme court, or any authority created under s. 231.02, 233.02 or 234.02.

AB150-engrossed, s. 1420 Section 1420. 25.61 of the statutes is created to read:

AB150-engrossed,567,9 25.61 Information technology investment fund. There is created a separate nonlapsible trust fund designated as the information technology investment fund consisting of all revenues accruing to the state from fees assessed under ss. 16.701, 16.702 and 16.855 (22) and from gifts, grants and bequests made for information technology development purposes and moneys transferred to the fund from other funds.

AB150-engrossed, s. 1420u Section 1420u. 25.75 (1) (am) of the statutes is repealed.

AB150-engrossed, s. 1420v Section 1420v. 25.75 (2) of the statutes is amended to read:

AB150-engrossed,567,14 25.75 (2) Creation. There is created a separate nonlapsible trust fund known as the lottery fund, to consist of gross lottery revenues received by the commission department of revenue.

AB150-engrossed, s. 1420w Section 1420w. 25.75 (3) (b) 1. of the statutes is amended to read:

AB150-engrossed,567,19 25.75 (3) (b) 1. Compensation paid to retailers under s. 565.10 (14) shall be included regardless of whether the compensation is deducted by the retailer prior to transmitting lottery ticket and lottery share revenues to the commission department of revenue.

AB150-engrossed, s. 1428 Section 1428. 26.11 (7) of the statutes is created to read:

AB150-engrossed,567,25 26.11 (7) (a) Notwithstanding s. 20.001 (3) (c), if the sum of the unencumbered balances in the appropriation accounts under s. 20.370 (1) (cs) and (mz) exceeds $500,000 on June 30 of any fiscal year, the amount in excess of $500,000 shall lapse from the appropriation account under s. 20.370 (1) (cs) to the conservation fund, except as provided in par. (b).

AB150-engrossed,568,4 (b) Notwithstanding s. 20.001 (3) (c), if the amount in the appropriation account under s. 20.370 (1) (cs) is insufficient for the amount that must lapse under par. (a), the remainder that is necessary for the lapse shall lapse from the appropriation account under s. 20.370 (1) (mz).

AB150-engrossed, s. 1430m Section 1430m. 26.37 of the statutes is created to read: