AB150-engrossed,1748,48
196.491
(2) (g) Within 180 days after the plan is filed, the commission shall hold
9a hearing thereon. The hearing shall be held in an administrative district,
10established by executive order 22, issued August 24, 1970, which the commission
11determines will be significantly affected by facilities proposed in the plan to be
12constructed in the following 3 years. The commission may thereafter adjourn the
13hearing to other locations
or may conduct the hearing by interactive video conference
14or other electronic method. Notice of such hearing shall be given by class 1 notice,
15under ch. 985, published in the official state newspaper and such other regional
16papers of general circulation as may be designated by the commission. At such
17hearing the commission shall briefly describe the plan and give all interested persons
18an opportunity, subject to reasonable limitations on the presentation of repetitious
19material, to express their views on any aspect of the plan. The presentation of such
20views need not be under oath nor subject to cross-examination. The commission
21shall advise all persons present of their right to express their views orally or in
22writing, under oath or otherwise, and of the legal effect of each such form of
23testimony. A
written record of unsworn testimony shall be made and considered by
24the commission as comments on the plan under par. (e). Persons presenting such
25views shall not be parties. The utility, any state agency, county, municipality, town,
1or any person whose substantial rights may be adversely affected by the testing for
2or construction of facilities described in an advance plan, shall, upon filing written
3notice setting forth its interest at least 10 days in advance, be afforded all the rights
4of a party in a contested case.
AB150-engrossed,1748,116
196.856
(1) The commission shall annually assess against the major utilities,
7as defined under s. 144.386 (1) (f), the total, not to exceed $400,000, of the
amounts 8amount appropriated under
ss. s. 20.370 (2) (cj)
and 20.505 (1) (jm) for acid deposition
9studies
, including the nitrogen oxide study under s. 144.389 (3), and evaluation and
10monitoring activities conducted by the department of natural resources
and the
11department of administration.
AB150-engrossed,1748,16
12(2) The commission shall, with the cooperation of the department of natural
13resources
and the department of administration, promulgate rules establishing a
14method for assessing each major utility an amount that is proportionate to its
15fraction of the total amount of sulfur dioxide emissions from major utilities in this
16state.
AB150-engrossed,1748,18
18196.857 (title)
Assessment for stray Stray voltage program.
AB150-engrossed, s. 5248
19Section
5248. 196.857 (1) (intro.), (a) and (b) of the statutes are renumbered
20196.857 (1m) (intro.), (a) and (b), and 196.857 (1m) (intro.) and (a), as renumbered,
21are amended to read:
AB150-engrossed,1749,622
196.857
(1m) (title)
Assessments. (intro.)
The commission shall establish and
23administer a program to provide to farmers on-site technical assistance related to
24stray voltage. In cooperation with the department of agriculture, trade and
25consumer protection, the commission shall investigate the causes of stray voltage on
1individual farms, recommend to farmers solutions to stray voltage problems and
2evaluate the effectiveness of on-site technical assistance. The commission shall
3assess annually all of the following amounts to public utilities which produce
4electricity and which have annual gross operating revenues related to electricity in
5excess of $100,000,000 in proportion to their respective electric gross operating
6revenues during the last calendar year, derived from intrastate operations:
AB150-engrossed,1749,107
(a) The amount appropriated under s. 20.155 (1) (L), less any amount received
8under s. 20.155 (1) (Lb)
and less any fees received under sub. (2k) and credited to the
9appropriation under s. 20.155 (1) (L). The amounts received under this paragraph
10shall be credited to the appropriation made in s. 20.155 (1) (L).
AB150-engrossed,1749,1513
196.857
(1g) Program elements. (a) The commission shall establish and
14administer a stray voltage program. The program shall focus on regulation,
15education, inspection and investigation relating to stray voltage.
AB150-engrossed,1749,1816
(b) The commission shall identify standardized test procedures check lists and
17equipment to be used by public utilities to investigate stray voltage. The commission
18may audit the results of investigations.
AB150-engrossed,1749,2019
(c) The commission shall conduct classroom and on-farm stray voltage training
20sessions for public utilities, cooperatives, electricians or other interested parties.
AB150-engrossed,1749,2521
(d) The commission shall conduct unannounced spot checks of on-farm stray
22voltage testing done by public utilities if the farmer gives permission for the check
23at the time the farm is visited. The commission may inspect the operation of public
24utility stray voltage programs to ensure that proper equipment and procedures are
25being used and to ensure that investigators are properly trained.
AB150-engrossed,1750,4
1(e) In cooperation with the department of agriculture, trade and consumer
2protection, the commission shall investigate the causes of stray voltage on individual
3farms, recommend to farmers solutions to stray voltage problems and evaluate the
4effectiveness of on-site technical assistance.
AB150-engrossed,1750,96
196.857
(2) (title)
Due date. A public utility shall pay the total amount that
7it is assessed under sub.
(1) (1m) within 30 days after it receives a bill for that amount
8from the commission. The bill constitutes notice of the assessment and demand of
9payment.
AB150-engrossed,1750,1611
196.857
(2g) (title)
Farm services fees. The commission
shall assess fees not
12to exceed $100 may charge reasonable fees not to exceed $300 per farm for
the 13services provided to farmers under this section.
The fees shall be in accordance with
14a standardized schedule of fees established by the commission by rule. The fees
15collected under this subsection shall be credited to the appropriation
account under
16s. 20.115 (8) (j) in each fiscal year.
AB150-engrossed,1750,2218
196.857
(2k) Other services fees. The commission may charge a reasonable
19fee for services, other than on-farm site-related services, provided under this
20section. The fee may not exceed the actual costs of the services. The fees collected
21under this subsection shall be credited to the appropriation account under s. 20.155
22(1) (L) in each fiscal year.
AB150-engrossed,1751,824
196.857
(2m) (title)
Additional investigations. If the commission, at the
25request of an electric cooperative organized under ch. 185 or any public utility which
1is not assessed under sub.
(1) (1m), conducts an investigation of the causes of stray
2voltage on any farm receiving electrical service from that electric cooperative or
3public utility, that electric cooperative or public utility shall pay
a reasonable fee, not
4exceeding $500 per investigation, which reasonable fees assessed by the commission
5shall establish separately for each request in accordance with a standardized
6schedule of fees established by the commission by rule. The amounts received under
7this subsection shall be credited to the appropriation
made in account under s. 20.155
8(1) (L).
AB150-engrossed,1751,1212
214.01
(1) (im) "Division" means the division of savings and loan.
AB150-engrossed,1751,1714
214.01
(1) (pm) "Investment" includes consumer, residential, agricultural and
15commercial loans, purchases of corporate debentures, securities, bonds and joint
16venture shares, and purchases of mutual fund shares subject to the rules of the
17commissioner division.
AB150-engrossed,1751,2319
214.01
(1) (r) "Net profit" means the remainder of all earnings from current
20operations plus actual recoveries on loans, investments and other assets after
21deducting all current expenses, including interest on deposit accounts, additions to
22reserves that are required by the
commissioner division, actual losses, accrued
23dividends on preferred stock and all state and federal taxes.
AB150-engrossed,1752,2
1214.015 Administration. This chapter shall be administered by the
2commissioner division.
AB150-engrossed,1752,7
4214.025 Insurance of accounts. A savings bank shall secure insurance of
5its deposit accounts by a deposit insurance corporation before commencing business
6and may, subject to rules of the
commissioner division, obtain insurance of deposits
7in excess of the amount eligible for insurance by a deposit insurance corporation.
AB150-engrossed,1752,149
214.03
(1) Subject to the regulation of the
commissioner division and in
10addition to the powers granted by this chapter, a savings bank may, directly or
11through a subsidiary, undertake any activity, exercise any power or offer any
12financially related product or service in this state that any other provider of financial
13products or services may undertake, exercise or provide or that the
commissioner 14division finds to be financially related.
AB150-engrossed,1752,2316
214.03
(2) The activities, powers, products and services that may be
17undertaken, exercised or offered by a savings bank under sub. (1) are limited to those
18specified by rule of the
commissioner division. The
commissioner division may direct
19a savings bank to cease any activity, the exercise of any power or the offering of any
20product or service authorized by rule under this subsection. Among the factors that
21the
commissioner division may consider in so directing a savings bank are the
22savings bank's net worth, assets, management rating, liquidity ratio and ratio of net
23worth to assets.
AB150-engrossed,1753,4
1214.035
(1) An institution organized under this chapter shall be known as a
2state savings bank and shall adopt a name that identifies it as such and that includes
3the term "savings". The
commissioner division shall approve the name of a savings
4bank.
AB150-engrossed,1753,116
214.035
(2) Notwithstanding sub. (1), an association, as defined in s. 215.01 (1),
7that converts to a savings bank may use a name that does not include the term
8"savings" in its name if that name was approved for use by the association by the
9commissioner division under ch. 215 before February 12, 1992, and that name is
10approved by the
commissioner division under this subsection as appropriate to
11identify the converted association as a savings bank.
AB150-engrossed,1753,1713
214.04
(4) With the approval of the
commissioner division, to become a member
14of, purchase stock or securities in, deposit money with, or comply with any other
15conditions of membership or credit for any corporation or agency of the United States
16or of this state, to the extent that such agency assists in furthering or facilitating the
17purposes or powers of the savings bank.
AB150-engrossed,1753,2119
214.04
(8) To purchase stock in service corporations and to invest in any form
20of indebtedness of any service corporation, subject to rules of the
commissioner 21division.
AB150-engrossed,1753,2523
214.04
(9) With the approval of the
commissioner division, to purchase stock
24of a corporation whose principal purpose is to operate a safe deposit or escrow service
25business, if the purchase is necessary to utilize the services of that business.
AB150-engrossed,1754,42
214.04
(12) (intro.) Subject to rules of the
commissioner division, to make
3contracts, incur obligations, make investments, pledge assets or take other action
4necessary to do any of the following:
AB150-engrossed,1754,86
214.04
(14) Subject to rules of the
commissioner division, to own and lease
7personal property acquired by the savings bank at the request of a prospective lessee
8and, upon the agreement of that person, to lease the personal property.
AB150-engrossed,1754,1210
214.04
(17) With prior written approval of the
commissioner division, to
11acquire all or any part of the assets of a financial institution or to sell all or any part
12of its assets to another financial institution.
AB150-engrossed,1754,2014
214.04
(18) To borrow money and issue its obligations for the borrowed money,
15including but not limited to obligations, bonds, notes or other debt securities. Except
16as otherwise provided by this chapter or by rules of the
commissioner division, the
17aggregate amount borrowed may not exceed 50% of the savings bank's total assets,
18except with the prior written approval of the
commissioner division. An obligation,
19bond, note or other debt security may include a written provision subordinating the
20debt to claims of other creditors or of depositors.
AB150-engrossed,1755,622
214.04
(20) Upon receiving approval from the
commissioner division, to act as
23an authorized agent for its customers in the business and functions under ch. 217.
24A savings bank that applies to function as a seller of checks shall meet the application
25requirements under ch. 217. The
commissioner division may not charge a license or
1investigation fee for an application under this subsection. The seller of checks
2function of a savings bank shall be under the jurisdiction and supervision of the
3commissioner division. The
commissioner division shall enforce ch. 217 as it applies
4to savings banks. The
commissioner division shall determine what records shall be
5maintained and shall require the segregation of funds that are necessary for a
6savings bank to operate as a seller of checks under this subsection and ch. 217.
AB150-engrossed,1755,118
214.04
(21) (a) Directly or indirectly, to acquire, place and operate, or
9participate in the acquisition, placement and operation of, at locations other than its
10home office and branch offices, remote service units, in accordance with rules
11established by the
commissioner division.
AB150-engrossed,1756,713
214.04
(21) (b) The rules of the
commissioner division shall provide that any
14remote service unit shall be available for use, on a nondiscriminatory basis, by any
15state or federal savings bank which has its principal place of business in this state,
16by any other state or federal savings bank obtaining the consent of a state or federal
17savings bank that has its principal place of business in this state and is using the
18terminal and by all customers designated by a savings bank using the unit. This
19paragraph does not authorize a savings bank which has its principal place of
20business outside this state to conduct business as a savings bank in this state. A
21remote service unit shall be available for use, on a nondiscriminatory basis, by any
22credit union, state or national bank or state or federal savings and loan association,
23whose home office is located in this state, if the credit union, bank or savings and loan
24association requests to share its use, subject to joint rules established by the
25commissioner division of banking, the
commissioner office of credit unions and the
1commissioner division. The rules of the
commissioner division and the joint rules
2shall each prohibit any advertising with regard to a shared remote service unit which
3suggests or implies exclusive ownership or control of the shared unit by any savings
4bank or group of savings banks operating or participating in the operation of the unit.
5The
commissioner division by order may authorize the installation and operation of
6a remote service unit in a mobile facility, after notice and hearing upon the proposed
7service stops of the mobile facility.
AB150-engrossed,1756,159
214.04
(21) (c) If any person primarily engaged in the retail sale of goods or
10services owns or operates a remote service unit on such person's premises and allows
11access to the unit by any financial institution, group of financial institutions or their
12customers, nothing in this paragraph or in rules established by the
commissioner 13division shall require such person to accept any connection to or use of the unit on
14its premises for any other purpose or function or to accept any connection to the unit
15on its premises by any other financial institution.
AB150-engrossed,1756,2317
214.04
(21) (d) If a person primarily engaged in the retail sale of goods or
18services owns or operates a remote service unit on such person's premises and allows
19access to the unit by any financial institution, group of financial institutions or their
20customers for any purpose or function, laws governing such institutions or rules
21established by the
commissioner division shall not apply to such person other than
22those laws or rules directly related to the particular function performed by the unit
23on such person's premises for a financial institution.
AB150-engrossed,1757,3
1214.04
(25) Subject to rules of the
commissioner division, to issue credit cards,
2extend open-end credit and otherwise engage in or participate in credit card
3operations.
AB150-engrossed,1757,65
214.04
(26) With the prior approval of the
commissioner division, establish a
6limited office.
AB150-engrossed,1757,98
214.04
(27) After giving notice to the
commissioner division, establish an
9extended office.
AB150-engrossed,1757,15
11214.045 Status as internal revenue service qualified thrift lender. A
12savings bank shall qualify for and maintain either the 60% asset test of section
7701 13(a) (19) of the internal revenue code, or an asset test prescribed by rule of the
14commissioner division that is not less than the percentage prescribed by section
7701 15(a) (19) of the internal revenue code.
AB150-engrossed,1757,1917
214.06
(1) (intro.) With the prior written approval of the
commissioner division,
18a savings bank may establish one or more branch offices. A branch office may be
19located in any of the following:
AB150-engrossed,1757,22
21214.07 Authorized activities. A savings bank holding company may engage
22in activities that are authorized by the
commissioner
division.
AB150-engrossed,1758,7
24214.08 Registration. A savings bank holding company and each subsidiary
25of a savings bank holding company shall register with the
commissioner division
1within 180 days after May 7, 1992, or within 90 days after becoming a savings bank
2holding company or subsidiary, whichever is later. A savings bank holding company
3and each subsidiary of a savings bank holding company shall register on forms
4prescribed by the
commissioner division. A registration form shall include
5information with respect to the financial condition, ownership, management, and
6intercompany relations of the holding company and its subsidiaries and such related
7matters as the
commissioner division considers necessary.
AB150-engrossed,1758,139
214.085
(1) (a) File with the
commissioner division reports as required by the
10commissioner division. A report shall be on a form prescribed by the
commissioner 11division and may require whatever information the
commissioner division considers
12to be necessary concerning the operations of each savings bank holding company and
13subsidiary.
AB150-engrossed,1758,1615
214.085
(1) (b) Maintain such books and records as may be prescribed by the
16commissioner division.
AB150-engrossed,1758,1818
214.085
(1) (c) Be subject to examination by the
commissioner division.