AB100, s. 115
19Section
115. 18.55 (5) of the statutes is amended to read:
AB100,93,520
18.55
(5) Exercise of authority. Money may be borrowed and evidences of
21revenue obligation issued therefor pursuant to one or more authorizing resolutions,
22unless otherwise provided in the resolution or in this subchapter, at any time and
23from time to time, for any combination of purposes, in any specific amounts, at any
24rates of interest, for any term, payable at any intervals, at any place, in any manner
25and having any other terms or conditions deemed necessary or useful. Revenue
1obligation bonds may bear interest at variable or fixed rates, bear no interest or bear
2interest payable only at maturity or upon redemption prior to maturity. Unless
3sooner exercised or unless a
shorter different period is provided in the resolution,
4every authorizing resolution, except as provided in s. 18.59 (1), shall expire one year
5after the date of its adoption.
AB100, s. 116
6Section
116. 18.61 (5) of the statutes is amended to read:
AB100,93,167
18.61
(5) The legislature may provide, with respect to any specific issue of
8revenue obligations, prior to their issuance, that if the special fund income or the
9enterprise or program income pledged to the payment of the principal and interest
10of the issue is insufficient for that purpose,
or is insufficient to replenish a reserve
11fund, if applicable, it will consider supplying the deficiency by appropriation of funds,
12from time to time, out of the treasury. If the legislature so provides, the commission
13may make the necessary provisions therefor in the authorizing resolution and other
14proceedings of the issue. Thereafter, if the contingency occurs, recognizing its moral
15obligation to do so, the legislature hereby expresses its expectation and aspiration
16that it shall make such appropriation.
AB100, s. 117
17Section
117. 18.70 of the statutes is amended to read:
AB100,93,24
1818.70 Provisions applicable. The following sections apply to this
19subchapter, except that all references to "public debt," "debt," or "revenue obligation"
20are deemed to refer to "operating notes," all references to "evidence of indebtedness"
21are deemed to refer to "evidence of operating note," and all references to "evidences
22of indebtedness" are deemed to refer to "evidences of operating notes": ss. 18.03,
2318.06 (8), 18.07, 18.10 (1), (2), (4) to (9), and (11), 18.17, 18.52 (1m), 18.61 (1), 18.62,
24and 18.63.
AB100, s. 118
25Section
118. 18.73 (5) of the statutes is created to read:
AB100,94,11
118.73
(5) Agreements and arrangements; delegation; use of operating notes. 2(a) At the time of, or in anticipation of, contracting operating notes and at any time
3thereafter while the operating notes are outstanding, the commission may enter into
4agreements and ancillary arrangements relating to the operating notes, including
5liquidity facilities, remarketing or dealer agreements, letter of credit agreements,
6insurance policies, guaranty agreements, reimbursement agreements, indexing
7agreements, or interest exchange agreements. Any payment received pursuant to
8any such agreements or ancillary arrangements shall be deposited in, and any
9payments made pursuant to any such agreements or ancillary arrangements will be
10made from, the general fund or the operating note redemption fund, as determined
11by the commission.
AB100,94,1412
(b) The commission may delegate to other persons the authority and
13responsibility to take actions necessary and appropriate to implement agreements
14and ancillary arrangements under par. (a).
AB100,94,1615
(c) Any operating notes may include operating notes contracted to fund
16interest, accrued or to accrue, on the operating notes.
AB100, s. 119
17Section
119. 18.74 of the statutes is amended to read:
AB100,94,24
1818.74 Application of operating note proceeds. All moneys resulting from
19the contracting of operating notes
or any payment to be received under an agreement
20or ancillary arrangement entered into under s. 18.73 (5) with respect to any such
21operating notes shall be credited to the general fund, except that moneys which
22represent premium and accrued interest on operating notes, or moneys for purposes
23of funding or refunding operating notes pursuant to s. 18.72 (1) shall be credited to
24the operating note redemption fund.
AB100, s. 120
25Section
120. 18.75 (2) of the statutes is amended to read:
AB100,95,6
118.75
(2) The operating note redemption fund shall be expended and all
2moneys from time to time on hand therein are irrevocably appropriated, in sums
3sufficient, only for the payment of principal and interest on operating notes giving
4rise to it and premium, if any, due upon refunding or early redemption of such
5operating notes
, and for the payment due, if any, under an agreement or ancillary
6arrangement entered into under s. 18.73 (5) with respect to such operating notes.
AB100, s. 121
7Section
121. 18.75 (4) of the statutes is amended to read:
AB100,95,228
18.75
(4) There shall be transferred, under s. 20.855 (1) (a), a sum sufficient
9for the payment of the principal, interest and premium due, if any,
on the and for the
10payment due, if any, under an agreement or ancillary arrangement entered into
11pursuant to s. 18.73 (5) with respect to operating notes giving rise to it as the same
12falls due. Such transfers shall be so timed that there is at all times on hand in the
13fund an amount not less than the amount to be paid out of it during the ensuing 30
14days or such other period if so provided for in the authorizing resolution. The
15commission may pledge the deposit of additional amounts at periodic intervals and
16the secretary of the department may impound moneys of the general fund, including
17moneys temporarily reallocated from other funds under s. 20.002 (11), in accordance
18with the pledge of revenues in the authorizing resolution, and all such
19impoundments are deemed to be payments for purposes of s. 16.53 (10), but no such
20impoundment may be made until the amounts to be paid into the bond security and
21redemption fund under s. 18.09 during the ensuing 30 days have been deposited in
22the bond security and redemption fund.
AB100, s. 122
23Section
122. 19.01 (4) (bn) of the statutes is amended to read:
AB100,95,2524
19.01
(4) (bn) Official oaths and bonds of all district attorneys shall be filed with
25the
secretary department of
administration justice.
AB100, s. 123
1Section
123. 19.42 (5) of the statutes is amended to read:
AB100,96,82
19.42
(5) "Department" means the legislature, the University of Wisconsin
3System, any authority or public corporation created and regulated by an act of the
4legislature and any office, department, independent agency or legislative service
5agency created under ch. 13, 14 or 15, any technical college district or any
6constitutional office other than a judicial office. In the case of a district attorney,
7"department" means the department of
administration justice unless the context
8otherwise requires.
AB100, s. 124
9Section
124. 20.001 (2) (e) of the statutes is amended to read:
AB100,96,1710
20.001
(2) (e)
Federal revenues.
Moneys "Federal revenues" consist of moneys 11received from the federal government
, except that under s. 20.445 (3) (md) "federal
12revenues" also include moneys treated as refunds of expenditures, and under s.
1320.445 (3) (me) "federal revenues" consist only of moneys treated as received from the
14federal government. Federal revenues may be deposited as program revenues in the
15general fund or as segregated revenues in a segregated fund. In either case they are
16indicated in s. 20.005 by the addition of "-F" after the abbreviation assigned under
17pars. (b) and (d).
AB100, s. 125
18Section
125. 20.001 (3) (e) of the statutes is amended to read:
AB100,96,2519
20.001
(3) (e)
Capital improvement authorizations. The appropriations in s.
2020.866 (2) are authorizations to contract public debt in accordance with ch. 18. The
21amount of debt repaid under each authorization shall not be construed to represent
22new or additional authority even though the authority is not reduced by the amount
23of repayment.
The Any limiting dollar amount contained in the language of any
24appropriation under s. 20.866 (2) is the cumulative total authorization carried over
25from previous biennia plus any new authorization contained in the schedule.
AB100, s. 126
1Section
126. 20.001 (5) of the statutes is amended to read:
AB100,98,32
20.001
(5) Refunds of expenditures. Any amount not otherwise appropriated
3under this chapter that is received by a state agency as a result of an adjustment
4made to a previously recorded expenditure from a sum certain appropriation to that
5agency due to activities that are of a temporary nature or activities that could not be
6anticipated during budget development and which serves to reduce or eliminate the
7previously recorded expenditure in the same fiscal year in which the previously
8recorded expenditure was made
, except as provided in s. 20.445 (3) (md), may, upon
9request of the agency, be designated by the secretary of administration as a refund
10of an expenditure. Except as otherwise provided in this subsection, the secretary of
11administration may designate an amount received by a state agency as a refund of
12an expenditure only if the agency submits to the secretary a written explanation of
13the circumstances under which the amount was received that includes a specific
14reference in a statutory or nonstatutory law to a function of the agency under which
15the amount was received and the appropriation from which the previously recorded
16expenditure was made. A refund of an expenditure shall be deposited by the
17receiving state agency in the appropriation account from which the previously
18recorded expenditure was made. Except as otherwise provided in this subsection, a
19state agency which proposes to make an expenditure from moneys designated as a
20refund of an expenditure shall submit to the secretary of administration a written
21explanation of the purpose of the expenditure, including a specific reference in a
22statutory or nonstatutory law to a function of the agency under which the
23expenditure is to be made and the appropriation from which the expenditure is to be
24made. After submission and approval of an estimate of the amount proposed to be
25expended under s. 16.50 (2), a state agency may expend the moneys received from
1the refund of the expenditure. The secretary of administration may waive
2submission of any explanation required by this subsection for categories of refunds
3of expenditures or proposed refunds of expenditures.
AB100, s. 127
4Section
127. 20.003 (4) (intro.) of the statutes is amended to read:
AB100,98,125
20.003
(4) Required general fund balance. (intro.) No bill directly or
6indirectly affecting general purpose revenues as defined in s. 20.001 (2) (a) may be
7enacted by the legislature if the bill would cause the estimated general fund balance
8on June 30 of any fiscal year specified in this subsection, as projected under s. 20.005
9(1), to be an amount equal to less than the following
amounts for that fiscal year or 10percentage of the total general purpose revenue appropriations for that fiscal year
11plus any amount from general purpose revenue designated as "Compensation
12Reserves" for that fiscal year in the summary under s. 20.005 (1):
AB100, s. 128
13Section
128. 20.003 (4) (a) of the statutes is repealed.
AB100, s. 129
14Section
129. 20.003 (4) (b) of the statutes is repealed.
AB100, s. 130
15Section
130. 20.003 (4) (d) of the statutes is repealed.
AB100, s. 131
16Section
131. 20.003 (4) (e) of the statutes is repealed.
AB100, s. 132
17Section
132. 20.003 (4) (f) of the statutes is repealed.
AB100, s. 133
18Section
133. 20.003 (4) (fm) of the statutes is amended to read:
AB100,98,1919
20.003
(4) (fm) For fiscal year 2005-06,
$75,000,000 $65,000,000.
AB100, s. 134
20Section
134. 20.003 (4) (fr) of the statutes is created to read:
AB100,98,2121
20.003
(4) (fr) For fiscal year 2006-07, $65,000,000.
AB100, s. 135
22Section
135. 20.003 (4) (ft) of the statutes is created to read:
AB100,98,2323
20.003
(4) (ft) For fiscal year 2007-08, $65,000,000.
AB100, s. 136
24Section
136. 20.003 (4) (fv) of the statutes is created to read:
AB100,98,2525
20.003
(4) (fv) For fiscal year 2008-09, $65,000,000.
AB100, s. 137
1Section
137. 20.003 (4) (g) of the statutes is amended to read:
AB100,99,32
20.003
(4) (g) For fiscal year
2006-07
2009-10 and each fiscal year thereafter,
32%.
AB100, s. 138
4Section
138. 20.005 (1) of the statutes is repealed and recreated to read:
AB100,99,75
20.005
(1) Summary of all funds. The budget governing fiscal operations for
6the state of Wisconsin for all funds beginning on July 1, 2005, and ending on June
730, 2007, is summarized as follows: [See Figure 20.005 (1) following]
AB100,99,99
Figure: 20.005 (1)
SUMMARY OF APPROPRIATIONS — ALL FUNDS
-
See PDF for table
SUMMARY OF COMPENSATION RESERVES — ALL FUNDS
-
See PDF for table
LOTTERY FUND SUMMARY
-
See PDF for table
AB100, s. 139
2Section
139. 20.005 (2) of the statutes is repealed and recreated to read:
AB100,102,53
20.005
(2) State borrowing program summary. The following schedule sets
4forth the state borrowing program summary: [See Figures 20.005 (2) (a) and (b)
5following]
SUMMARY OF BONDING AUTHORITY MODIFICATIONS
2005-07 FISCAL BIENNIUM
-
See PDF for table
AB100,103,22
Figure: 20.005 (2) (b)
AB100,103,33
GENERAL OBLIGATION AND
BUILDING CORPORATION DEBT SERVICE
FISCAL YEARS 2005-06 AND 2006-07
-
See PDF for table AB100, s. 140
1Section
140. 20.005 (3) of the statutes is repealed and recreated to read:
AB100,110,72
20.005
(3) Appropriations. The following schedule sets forth all annual,
3biennial, and sum certain continuing appropriations and anticipated expenditures
4from other appropriations for the programs and other purposes indicated. All
5appropriations are made from the general fund unless otherwise indicated. The
6letter abbreviations shown designating the type of appropriation apply to both fiscal
7years in the schedule unless otherwise indicated. [See Figure 20.005 (3) following]
AB100,111,22
Figure: 20.005 (3)
AB100, s. 141
2Section
141. 20.115 (1) (h) of the statutes is amended to read:
AB100,295,73
20.115
(1) (h)
Grain inspection and certification. All moneys received for the
4inspection and certification of grain received in or shipped from the port of
5Milwaukee, the port of Superior or other locations in this state under s. 93.06 (1m)
,
6to carry out the purposes for which they are received and all moneys transferred
7under s. 16.56, for the expenses of inspecting and certifying grain under s. 93.06 (1m).
AB100, s. 142
1Section
142. 20.115 (1) (hm) of the statutes is amended to read:
AB100,296,72
20.115
(1) (hm)
Ozone-depleting refrigerants and products regulation. The
3amounts in the schedule for administration of the mobile air conditioner servicing
4and refrigerant recycling programs and for responsibilities under
ss. s. 100.45
and
5100.50 relating to sales and labeling of products containing or made with
6ozone-depleting substances. All moneys received from fees under s. 100.45 (5) (a)
73. and (5m) shall be credited to this appropriation.
AB100, s. 143
8Section
143. 20.115 (2) (d) of the statutes is amended to read:
AB100,296,169
20.115
(2) (d)
Principal repayment and interest. A sum sufficient to reimburse
10s. 20.866 (1) (u) for the payment of principal and interest costs incurred in financing
11the acquisition, construction, development, enlargement or improvement of
12department facilities
and, to make the payments determined by the building
13commission under s. 13.488 (1) (m) that are attributable to the proceeds of
14obligations incurred in financing this acquisition, construction, development,
15enlargement
, or improvement
, and to make payments under an agreement or
16ancillary arrangement entered into under s. 18.06 (8) (a).
AB100, s. 144
17Section
144. 20.115 (3) (h) of the statutes is created to read:
AB100,296,2118
20.115
(3) (h)
Loans for rural development. All moneys received as origination
19fees, repayment of principal, and payment of interest on loans under s. 93.06 (1qm),
20to be used for loans for the development of rural business enterprises or rural
21economic development under s. 93.06 (1qm).
AB100, s. 145
22Section
145. 20.115 (4) (c) of the statutes is amended to read:
AB100,296,2523
20.115
(4) (c)
Agricultural investment aids. Biennially, the amounts in the
24schedule for agricultural research and development grants under s. 93.46 (2)
and (3) 25and sustainable agriculture grants under s. 93.47.
AB100, s. 146
1Section
146. 20.115 (7) (b) of the statutes is amended to read:
AB100,297,82
20.115
(7) (b)
Principal repayment and interest, conservation reserve
3enhancement. A sum sufficient to reimburse s. 20.866 (1) (u) for the principal and
4interest costs incurred in financing the conservation reserve enhancement program
5under s. 20.866 (2) (wf)
and, to make the payments determined by the building
6commission under s. 13.488 (1) (m) that are attributable to the proceeds of
7obligations incurred in financing those projects
, and to make payments under an
8agreement or ancillary arrangement entered into under s. 18.06 (8) (a).
AB100, s. 147
9Section
147. 20.115 (7) (f) of the statutes is amended to read:
AB100,297,1710
20.115
(7) (f)
Principal repayment and interest; soil and water. A sum sufficient
11to reimburse s. 20.866 (1) (u) for the payment of principal and interest costs incurred
12in providing funds for soil and water resource management projects under s. 92.14
13and, to make the payments determined by the building commission under s. 13.488
14(1) (m) that are attributable to the proceeds of obligations incurred in financing those
15projects
, and to make payments under an agreement or ancillary arrangement
16entered into under s. 18.06 (8) (a), to the extent that these payments are not made
17under par. (s).
AB100, s. 148
18Section
148. 20.115 (7) (s) of the statutes is created to read:
AB100,297,2519
20.115
(7) (s)
Principal repayment and interest; soil and water, environmental
20fund. From the environmental fund, the amounts in the schedule for the payment
21of principal and interest costs incurred in providing funds for soil and water resource
22management projects under s. 92.14, to make the payments determined by the
23building commission under s. 13.488 (1) (m) that are attributable to the proceeds of
24obligations incurred in financing those projects, and to make payments under an
25agreement or ancillary arrangement entered into under s. 18.06 (8) (a).
AB100, s. 149
1Section
149. 20.115 (8) (jm) of the statutes is repealed.