SB77, s. 3526 8Section 3526. 281.58 (12) (c) 3. of the statutes is renumbered 281.58 (12) (c)
9and amended to read:
SB77,1416,1210 281.58 (12) (c) The department, in establishing percentage of market interest
11rates,
and the department of administration shall attempt to ensure that those rates
12do not result in any
all of the following:
SB77,1416,1613 1. Beginning in fiscal year 1991, That increases in all state water pollution
14abatement general obligation debt service costs greater than do not exceed 4%
15annually in the fiscal year in which the rates are established and in the following
16fiscal year
.
SB77,1416,1917 2. State That state water pollution abatement general obligation debt service
18costs are not greater than 50% of all general obligation debt service costs in the any
19fiscal year in which the rates are established and in any of the following 3 fiscal years.
SB77, s. 3527 20Section 3527. 281.58 (12) (f) of the statutes is amended to read:
SB77,1416,2421 281.58 (12) (f) The department and the department of administration jointly
22may request the joint committee on finance to take action under s. 13.101 (11) to
23modify the percentage of market interest rates established by rule for tier 1 and tier
242 projects
in par. (a) 1. to 3.
SB77, s. 3528 25Section 3528. 281.58 (13) (b) (intro.) of the statutes is amended to read:
SB77,1417,5
1281.58 (13) (b) (intro.) A municipality with an application that is approved
2under sub. (9m) is eligible for financial hardship assistance for the project costs that
3are eligible under this section and s. 281.59 the clean water fund program, except for
4costs to which sub. (8) (b), (c), (f) or (h) applies, if the municipality meets all of the
5following criteria:
SB77, s. 3529 6Section 3529. 281.58 (13m) of the statutes is amended to read:
SB77,1417,117 281.58 (13m) Minority business development and training program. (a) The
8department shall make grants to projects that are eligible for financial assistance
9under this section and s. 281.59 the clean water fund program and that are identified
10as being part of the minority business development and training program under s.
1166.905 (2) (b).
SB77,1417,1612 (b) Grants provided under this subsection are not included for the purposes of
13determining under sub. (8) (i) the amount that a municipality may receive for
14projects under this section and s. 281.59 the clean water fund program. Grants
15awarded under this subsection are not considered for the purposes of sub. (9m) (e)
16or s. 281.59 (3) (d) (3e) (b).
SB77, s. 3530 17Section 3530. 281.58 (14) (b) (intro.) of the statutes is amended to read:
SB77,1417,2018 281.58 (14) (b) (intro.) As a condition of receiving financial assistance under
19this section and s. 281.59 the clean water fund program, a municipality shall do all
20of the following:
SB77, s. 3531 21Section 3531. 281.59 (title) of the statutes is amended to read:
SB77,1417,23 22281.59 (title) Clean water Environmental improvement fund program;
23financial management.
SB77, s. 3532 24Section 3532. 281.59 (1) (a) of the statutes is renumbered 281.59 (1) (am).
SB77, s. 3533 25Section 3533. 281.59 (1) (ag) of the statutes is created to read:
SB77,1418,2
1281.59 (1) (ag) "Clean water fund program" means the program administered
2under s. 281.58, with financial management provided under this section.
SB77, s. 3534 3Section 3534. 281.59 (1) (as) of the statutes is created to read:
SB77,1418,64 281.59 (1) (as) "Land recycling loan program" means the program
5administered under s. 281.60, with financial management provided under this
6section.
SB77, s. 3535 7Section 3535. 281.59 (1) (b) of the statutes is amended to read:
SB77,1418,118 281.59 (1) (b) "Market interest rate" means the interest at the effective rate of
9a revenue obligation issued by the state to fund a project loan or a portion of a project
10loan under this section and s. 281.58 for a project under the clean water fund
11program
.
SB77, s. 3536 12Section 3536. 281.59 (1) (cm) of the statutes is created to read:
SB77,1418,1513 281.59 (1) (cm) "Safe drinking water loan program" means the program
14administered under s. 281.61, with financial management provided under this
15section.
SB77, s. 3537 16Section 3537. 281.59 (1) (d) of the statutes is amended to read:
SB77,1418,2017 281.59 (1) (d) "Subsidy" means the amounts provided by the clean water from
18the environmental improvement
fund to clean water fund program, safe drinking
19water loan program and land recycling loan program
projects receiving financial
20assistance under this section and s. 281.58
for the following purposes:
SB77,1418,2321 1. To reduce the interest rate of clean water fund program, safe drinking water
22loan program and land recycling loan program
loans from market rate to a subsidized
23rate.
SB77,1418,2524 2. To For the clean water fund program only, to provide for financial hardship
25assistance, including grants.
SB77, s. 3538
1Section 3538. 281.59 (1m) of the statutes is created to read:
SB77,1419,42 281.59 (1m) Establishment of programs. (a) There is established a clean
3water fund program, administered under s. 281.58, with financial management
4provided under this section.
SB77,1419,65 (b) There is established a safe drinking water loan program, administered
6under s. 281.61, with financial management provided under this section.
SB77, s. 3539 7Section 3539. 281.59 (2) (a) of the statutes is amended to read:
SB77,1419,98 281.59 (2) (a) Administer its responsibilities under this section and s. ss.
9281.58, 281.60 and 281.61.
SB77, s. 3540 10Section 3540. 281.59 (2) (b) of the statutes is amended to read:
SB77,1419,1311 281.59 (2) (b) Cooperate with the department in administering the clean water
12fund program, the safe drinking water loan program and the land recycling loan
13program
.
SB77, s. 3541 14Section 3541. 281.59 (2) (c) of the statutes is amended to read:
SB77,1419,1715 281.59 (2) (c) Accept and hold any letter of credit from the federal government
16through which the state receives federal capitalization grant payments and
17disbursements to the clean water environmental improvement fund.
SB77, s. 3542 18Section 3542. 281.59 (2m) (title) of the statutes is amended to read:
SB77,1419,2019 281.59 (2m) (title) Investment management; clean water environmental
20improvement
fund.
SB77, s. 3543 21Section 3543. 281.59 (2m) (a) 1. of the statutes is amended to read:
SB77,1419,2522 281.59 (2m) (a) 1. Subject to par. (b), direct the investment board under s. 25.17
23(2) (d) to make any investment of the clean water environmental improvement fund,
24or in the collection of the principal and interest of all moneys loaned or invested from
25such that fund.
SB77, s. 3544
1Section 3544. 281.59 (2m) (b) 1. of the statutes is amended to read:
SB77,1420,32 281.59 (2m) (b) 1. The action provides a financial benefit to the clean water
3environmental improvement fund.
SB77, s. 3545 4Section 3545. 281.59 (2m) (b) 2. of the statutes is amended to read:
SB77,1420,65 281.59 (2m) (b) 2. The action does not contradict or weaken the purposes of the
6clean water environmental improvement fund.
SB77, s. 3546 7Section 3546. 281.59 (3) (a) 1. of the statutes is amended to read:
SB77,1420,108 281.59 (3) (a) 1. An estimate of the wastewater treatment, safe drinking water
9and land recycling project
needs of the state for the 4 fiscal years of the next 2 biennia
10biennium.
SB77, s. 3547 11Section 3547. 281.59 (3) (a) 2. of the statutes is amended to read:
SB77,1420,1412 281.59 (3) (a) 2. The total amount of financial assistance planned to be provided
13or committed to municipalities for projects under subd. 1. during the 4 fiscal years
14of
the next 2 biennia biennium.
SB77, s. 3548 15Section 3548. 281.59 (3) (a) 4. of the statutes is repealed and recreated to read:
SB77,1420,1716 281.59 (3) (a) 4. A chart showing detailed projected sources and uses of funds
17for projects under subd. 1. during the next biennium.
SB77, s. 3549 18Section 3549. 281.59 (3) (a) 5. of the statutes is amended to read:
SB77,1420,2419 281.59 (3) (a) 5. Audited The most recent available audited financial
20statements of the past operations and activities of the program under this section
21and s. 281.58, the estimated fund capital available in each of the next 4 fiscal years,
22and the projected clean water fund balance for each of the next 20 years given
23existing obligations and financial conditions
clean water fund program, the safe
24drinking water loan program and the land recycling loan program
.
SB77, s. 3550 25Section 3550. 281.59 (3) (a) 5m. of the statutes is amended to read:
SB77,1421,3
1281.59 (3) (a) 5m. The estimated spending level and percentage of market
2interest rate for the types of projects specified under s. 281.58 (7) (b) 1. to 3. under
3subd. 1.
SB77, s. 3551 4Section 3551. 281.59 (3) (a) 6. of the statutes is amended to read:
SB77,1421,95 281.59 (3) (a) 6. An amount equal to the estimated present value of subsidies
6for all clean water fund program loans and grants expected to be made for the
7wastewater treatment projects listed in the biennial needs list under s. 281.58 (3m),
8discounted at a rate of 7% per year to the first day of the biennium for which the
9biennial finance plan is prepared.
SB77, s. 3552 10Section 3552. 281.59 (3) (a) 6e. of the statutes is created to read:
SB77,1421,1411 281.59 (3) (a) 6e. An amount equal to the estimated present value of subsidies
12for all loans under the land recycling loan program to be made during the biennium
13for which the biennial finance plan is prepared, discounted at a rate of 7% per year
14to the first day of that biennium.
SB77, s. 3553 15Section 3553. 281.59 (3) (a) 6m. of the statutes is created to read:
SB77,1421,1916 281.59 (3) (a) 6m. An amount equal to the estimated present value of subsidies
17for all loans under the safe drinking water loan program to be made during the
18biennium for which the biennial finance plan is prepared, discounted at a rate of 7%
19per year to the first day of that biennium.
SB77, s. 3554 20Section 3554. 281.59 (3) (a) 7. of the statutes is amended to read:
SB77,1421,2221 281.59 (3) (a) 7. A discussion of the assumptions made in calculating the
22amount amounts under subd. subds. 6., 6e. and 6m.
SB77, s. 3555 23Section 3555. 281.59 (3) (a) 8. of the statutes is amended to read:
SB77,1421,2524 281.59 (3) (a) 8. The amount and description of any service fee expected to be
25charged during the next biennium under this section to an applicant.
SB77, s. 3556
1Section 3556. 281.59 (3) (b) of the statutes is amended to read:
SB77,1422,62 281.59 (3) (b) The department of administration and the department shall
3consider as a guideline in preparing the portion of the biennial finance plan for the
4clean water fund program
that all state water pollution abatement general
5obligation debt service costs should not exceed 50% of all general obligation debt
6service costs to the state.
SB77, s. 3557 7Section 3557. 281.59 (3) (c), (d), (dm), (e), (f) and (i) of the statutes are
8renumbered 281.59 (3e) (a), (b), (c), (d), (e) and (f) and amended to read:
SB77,1422,119 281.59 (3e) (a) No moneys from the clean water fund may be expended for the
10clean water fund program
in a biennium until the legislature reviews and approves
11all of the following as part of the biennial budget act for the biennium:
SB77,1422,1412 1. An amount of present value of the subsidy for the clean water fund program
13that is specified for that biennium under par. (d) (b) and is based on the amount
14included in the biennial finance plan under par. sub. (3) (a) 6.
SB77,1422,1715 2. The amount of public debt, authorized under s. 20.866 (2) (tc), that the state
16may contract for the purposes of s. 281.58 and this section the clean water fund
17program
.
SB77,1422,1918 3. The amount of revenue obligations, authorized under sub. (4) (f), that may
19be issued for the purposes specified in s. 25.43 (3) of the clean water fund program.
SB77,1422,2220 (b) The amount of present value of the subsidy for the clean water fund program
21that is required to be specified under par. (c) (a) 1. and approved by the legislature
22under this paragraph is as follows:
SB77,1422,2323 1. Equal to $83,400,000 $82,400,000 during the 1995-97 1997-99 biennium.
SB77,1422,2424 3. Equal to $1,000 for any biennium after the 1995-97 1997-99 biennium.
SB77,1423,8
1(c) The department of administration may allocate amounts approved under
2par. (d) (b) as the present value of subsidies for financial assistance under this section
3and s. 281.58
the clean water fund program, including financial hardship assistance
4and assistance for the additional costs of approved projects. The department of
5administration may allocate amounts from the amount approved under par. (d) (b)
6for a biennium until December 30 of the fiscal year immediately following the
7biennium for projects for which complete applications under s. 281.58 (9) (a) are
8submitted before the end of the biennium.
SB77,1423,139 (d) The department may expend, for financial assistance in a biennium other
10than financial hardship assistance under s. 281.58 (13) (e), an amount up to 85% of
11the amount approved by the legislature under par. (d) (b). The department may
12expend such amount only from the percentage of the amount approved under par. (d)
13(b) that is not available under par. (f) (e) for financial hardship assistance.
SB77,1423,1814 (e) The department may expend, for financial hardship assistance in a
15biennium under s. 281.58 (13) (e), an amount up to 15% of the amount approved by
16the legislature under par. (d) (b) for that biennium. The department may expend
17such amount only from the percentage of the amount approved by the legislature
18under par. (d) (b) that is not available under par. (e) (d) for financial assistance.
SB77,1423,2319 (f) Using the amount approved under par. (d) (b) as a base, the department of
20administration shall calculate the present value of the actual subsidy of each clean
21water fund program loan or grant to be made for those projects in each biennium that
22are approved for financial assistance by the 2 departments. The present value shall
23be discounted as provided under par. sub. (3) (a) 6.
SB77, s. 3558 24Section 3558. 281.59 (3) (j) of the statutes is amended to read:
SB77,1424,7
1281.59 (3) (j) No later than November 1 of each odd-numbered year, the
2department of administration and the department jointly shall submit a report, to
3the building commission and committees as required under par. (bm), on the
4implementation of the amount established under par. (d) sub. (3e) (b) as required
5under s. 281.58 (9m) (e), and on the operations and activities of the clean water fund
6program, the safe drinking water loan program and the land recycling loan program
7for the previous biennium.
SB77, s. 3559 8Section 3559. 281.59 (3e) (title) of the statutes is created to read:
SB77,1424,99 281.59 (3e) (title) Clean water fund program expenditures.
SB77, s. 3560 10Section 3560. 281.59 (3m) of the statutes is created to read:
SB77,1424,1611 281.59 (3m) Land recycling loan program expenditures. (a) No moneys may
12be expended for the land recycling loan program in a biennium until the legislature
13reviews and approves, as part of the biennial budget act for the biennium, an amount
14of present value of the subsidy for the land recycling loan program that is specified
15for that biennium under par. (b) and is based on the amount included in the biennial
16finance plan under sub. (3) (a) 6e.
SB77,1424,1817 (b) The amount of present value of the subsidy for the land recycling loan
18program that is approved by the legislature under this paragraph is as follows:
SB77,1424,1919 1. Equal to $4,500,000 during the 1997-99 biennium.
SB77,1424,2020 2. Equal to $1,000 for any biennium after the 1997-99 biennium.
SB77,1424,2321 (c) The department of administration may allocate amounts approved under
22par. (b) as the present value of subsidies for financial assistance under the land
23recycling program.
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