AB100: Bill Text

AB100, s. 113 Section 113. 18.08 (4) of the statutes is amended to read:

AB100,92,10 18.08 (4) If at any time it appears that there will not be on hand in the capital improvement fund sufficient moneys for the payment of principal and interest on loans or on notes or for the payment due, if any, under an agreement or ancillary arrangement that has been entered into under s. 18.06 (8) (a) with respect to any public debt and that has been determined to be payable from the capital improvement fund under s. 18.06 (8) (a) 2., the department of administration shall transfer to such fund, out of the appropriation made pursuant to s. 20.866, a sum sufficient which, together with any available money on hand in such fund, is sufficient to make such payment.

AB100, s. 114 Section 114. 18.09 (2) of the statutes is amended to read:

AB100,92,18 18.09 (2) Each sinking fund shall be expended, and all moneys from time to time on hand therein are irrevocably appropriated, in sums sufficient, only for the payment of principal and interest on the bonds giving rise to it and, premium, if any, due upon refunding redemption of any such bonds, and payment due, if any, under an agreement or ancillary arrangement that has been entered into under s. 18.06 (8) (a) with respect to any such bonds and that has been determined to be payable from the bond security and redemption fund under s. 18.06 (8) (a) 2.

AB100, s. 115 Section 115. 18.55 (5) of the statutes is amended to read:

AB100,93,5 18.55 (5) Exercise of authority. Money may be borrowed and evidences of revenue obligation issued therefor pursuant to one or more authorizing resolutions, unless otherwise provided in the resolution or in this subchapter, at any time and from time to time, for any combination of purposes, in any specific amounts, at any rates of interest, for any term, payable at any intervals, at any place, in any manner and having any other terms or conditions deemed necessary or useful. Revenue obligation bonds may bear interest at variable or fixed rates, bear no interest or bear interest payable only at maturity or upon redemption prior to maturity. Unless sooner exercised or unless a shorter different period is provided in the resolution, every authorizing resolution, except as provided in s. 18.59 (1), shall expire one year after the date of its adoption.

AB100, s. 116 Section 116. 18.61 (5) of the statutes is amended to read:

AB100,93,16 18.61 (5) The legislature may provide, with respect to any specific issue of revenue obligations, prior to their issuance, that if the special fund income or the enterprise or program income pledged to the payment of the principal and interest of the issue is insufficient for that purpose, or is insufficient to replenish a reserve fund, if applicable, it will consider supplying the deficiency by appropriation of funds, from time to time, out of the treasury. If the legislature so provides, the commission may make the necessary provisions therefor in the authorizing resolution and other proceedings of the issue. Thereafter, if the contingency occurs, recognizing its moral obligation to do so, the legislature hereby expresses its expectation and aspiration that it shall make such appropriation.

AB100, s. 117 Section 117. 18.70 of the statutes is amended to read:

AB100,93,24 18.70 Provisions applicable. The following sections apply to this subchapter, except that all references to "public debt," "debt," or "revenue obligation" are deemed to refer to "operating notes," all references to "evidence of indebtedness" are deemed to refer to "evidence of operating note," and all references to "evidences of indebtedness" are deemed to refer to "evidences of operating notes": ss. 18.03, 18.06 (8), 18.07, 18.10 (1), (2), (4) to (9), and (11), 18.17, 18.52 (1m), 18.61 (1), 18.62, and 18.63.

AB100, s. 118 Section 118. 18.73 (5) of the statutes is created to read:

AB100,94,11 18.73 (5) Agreements and arrangements; delegation; use of operating notes. (a) At the time of, or in anticipation of, contracting operating notes and at any time thereafter while the operating notes are outstanding, the commission may enter into agreements and ancillary arrangements relating to the operating notes, including liquidity facilities, remarketing or dealer agreements, letter of credit agreements, insurance policies, guaranty agreements, reimbursement agreements, indexing agreements, or interest exchange agreements. Any payment received pursuant to any such agreements or ancillary arrangements shall be deposited in, and any payments made pursuant to any such agreements or ancillary arrangements will be made from, the general fund or the operating note redemption fund, as determined by the commission.

AB100,94,14 (b) The commission may delegate to other persons the authority and responsibility to take actions necessary and appropriate to implement agreements and ancillary arrangements under par. (a).

AB100,94,16 (c) Any operating notes may include operating notes contracted to fund interest, accrued or to accrue, on the operating notes.

AB100, s. 119 Section 119. 18.74 of the statutes is amended to read:

AB100,94,24 18.74 Application of operating note proceeds. All moneys resulting from the contracting of operating notes or any payment to be received under an agreement or ancillary arrangement entered into under s. 18.73 (5) with respect to any such operating notes shall be credited to the general fund, except that moneys which represent premium and accrued interest on operating notes, or moneys for purposes of funding or refunding operating notes pursuant to s. 18.72 (1) shall be credited to the operating note redemption fund.

AB100, s. 120 Section 120. 18.75 (2) of the statutes is amended to read:

AB100,95,6 18.75 (2) The operating note redemption fund shall be expended and all moneys from time to time on hand therein are irrevocably appropriated, in sums sufficient, only for the payment of principal and interest on operating notes giving rise to it and premium, if any, due upon refunding or early redemption of such operating notes, and for the payment due, if any, under an agreement or ancillary arrangement entered into under s. 18.73 (5) with respect to such operating notes.

AB100, s. 121 Section 121. 18.75 (4) of the statutes is amended to read:

AB100,95,22 18.75 (4) There shall be transferred, under s. 20.855 (1) (a), a sum sufficient for the payment of the principal, interest and premium due, if any, on the and for the payment due, if any, under an agreement or ancillary arrangement entered into pursuant to s. 18.73 (5) with respect to operating notes giving rise to it as the same falls due. Such transfers shall be so timed that there is at all times on hand in the fund an amount not less than the amount to be paid out of it during the ensuing 30 days or such other period if so provided for in the authorizing resolution. The commission may pledge the deposit of additional amounts at periodic intervals and the secretary of the department may impound moneys of the general fund, including moneys temporarily reallocated from other funds under s. 20.002 (11), in accordance with the pledge of revenues in the authorizing resolution, and all such impoundments are deemed to be payments for purposes of s. 16.53 (10), but no such impoundment may be made until the amounts to be paid into the bond security and redemption fund under s. 18.09 during the ensuing 30 days have been deposited in the bond security and redemption fund.

AB100, s. 122 Section 122. 19.01 (4) (bn) of the statutes is amended to read:

AB100,95,25 19.01 (4) (bn) Official oaths and bonds of all district attorneys shall be filed with the secretary department of administration justice.

AB100, s. 123 Section 123. 19.42 (5) of the statutes is amended to read:

AB100,96,8 19.42 (5) "Department" means the legislature, the University of Wisconsin System, any authority or public corporation created and regulated by an act of the legislature and any office, department, independent agency or legislative service agency created under ch. 13, 14 or 15, any technical college district or any constitutional office other than a judicial office. In the case of a district attorney, "department" means the department of administration justice unless the context otherwise requires.

AB100, s. 124 Section 124. 20.001 (2) (e) of the statutes is amended to read:

AB100,96,17 20.001 (2) (e) Federal revenues. Moneys "Federal revenues" consist of moneys received from the federal government, except that under s. 20.445 (3) (md) "federal revenues" also include moneys treated as refunds of expenditures, and under s. 20.445 (3) (me) "federal revenues" consist only of moneys treated as received from the federal government. Federal revenues may be deposited as program revenues in the general fund or as segregated revenues in a segregated fund. In either case they are indicated in s. 20.005 by the addition of "-F" after the abbreviation assigned under pars. (b) and (d).

AB100, s. 125 Section 125. 20.001 (3) (e) of the statutes is amended to read:

AB100,96,25 20.001 (3) (e) Capital improvement authorizations. The appropriations in s. 20.866 (2) are authorizations to contract public debt in accordance with ch. 18. The amount of debt repaid under each authorization shall not be construed to represent new or additional authority even though the authority is not reduced by the amount of repayment. The Any limiting dollar amount contained in the language of any appropriation under s. 20.866 (2) is the cumulative total authorization carried over from previous biennia plus any new authorization contained in the schedule.

AB100, s. 126 Section 126. 20.001 (5) of the statutes is amended to read:

AB100,98,3 20.001 (5) Refunds of expenditures. Any amount not otherwise appropriated under this chapter that is received by a state agency as a result of an adjustment made to a previously recorded expenditure from a sum certain appropriation to that agency due to activities that are of a temporary nature or activities that could not be anticipated during budget development and which serves to reduce or eliminate the previously recorded expenditure in the same fiscal year in which the previously recorded expenditure was made, except as provided in s. 20.445 (3) (md), may, upon request of the agency, be designated by the secretary of administration as a refund of an expenditure. Except as otherwise provided in this subsection, the secretary of administration may designate an amount received by a state agency as a refund of an expenditure only if the agency submits to the secretary a written explanation of the circumstances under which the amount was received that includes a specific reference in a statutory or nonstatutory law to a function of the agency under which the amount was received and the appropriation from which the previously recorded expenditure was made. A refund of an expenditure shall be deposited by the receiving state agency in the appropriation account from which the previously recorded expenditure was made. Except as otherwise provided in this subsection, a state agency which proposes to make an expenditure from moneys designated as a refund of an expenditure shall submit to the secretary of administration a written explanation of the purpose of the expenditure, including a specific reference in a statutory or nonstatutory law to a function of the agency under which the expenditure is to be made and the appropriation from which the expenditure is to be made. After submission and approval of an estimate of the amount proposed to be expended under s. 16.50 (2), a state agency may expend the moneys received from the refund of the expenditure. The secretary of administration may waive submission of any explanation required by this subsection for categories of refunds of expenditures or proposed refunds of expenditures.

AB100, s. 127 Section 127. 20.003 (4) (intro.) of the statutes is amended to read:

AB100,98,12 20.003 (4) Required general fund balance. (intro.) No bill directly or indirectly affecting general purpose revenues as defined in s. 20.001 (2) (a) may be enacted by the legislature if the bill would cause the estimated general fund balance on June 30 of any fiscal year specified in this subsection, as projected under s. 20.005 (1), to be an amount equal to less than the following amounts for that fiscal year or percentage of the total general purpose revenue appropriations for that fiscal year plus any amount from general purpose revenue designated as "Compensation Reserves" for that fiscal year in the summary under s. 20.005 (1):

AB100, s. 128 Section 128. 20.003 (4) (a) of the statutes is repealed.

AB100, s. 129 Section 129. 20.003 (4) (b) of the statutes is repealed.

AB100, s. 130 Section 130. 20.003 (4) (d) of the statutes is repealed.

AB100, s. 131 Section 131. 20.003 (4) (e) of the statutes is repealed.

AB100, s. 132 Section 132. 20.003 (4) (f) of the statutes is repealed.

AB100, s. 133 Section 133. 20.003 (4) (fm) of the statutes is amended to read:

AB100,98,19 20.003 (4) (fm) For fiscal year 2005-06, $75,000,000 $65,000,000.

AB100, s. 134 Section 134. 20.003 (4) (fr) of the statutes is created to read:

AB100,98,21 20.003 (4) (fr) For fiscal year 2006-07, $65,000,000.

AB100, s. 135 Section 135. 20.003 (4) (ft) of the statutes is created to read:

AB100,98,23 20.003 (4) (ft) For fiscal year 2007-08, $65,000,000.

AB100, s. 136 Section 136. 20.003 (4) (fv) of the statutes is created to read:

AB100,98,25 20.003 (4) (fv) For fiscal year 2008-09, $65,000,000.

AB100, s. 137 Section 137. 20.003 (4) (g) of the statutes is amended to read:

AB100,99,3 20.003 (4) (g) For fiscal year 2006-07 2009-10 and each fiscal year thereafter, 2%.

AB100, s. 138 Section 138. 20.005 (1) of the statutes is repealed and recreated to read:

AB100,99,7 20.005 (1) Summary of all funds. The budget governing fiscal operations for the state of Wisconsin for all funds beginning on July 1, 2005, and ending on June 30, 2007, is summarized as follows: [See Figure 20.005 (1) following]

AB100,99,9 Figure: 20.005 (1)

AB100,99,10 GENERAL FUND SUMMARY - See PDF for table

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 Section 139. 20.005 (2) of the statutes is repealed and recreated to read:

AB100,102,5 20.005 (2) State borrowing program summary. The following schedule sets forth the state borrowing program summary: [See Figures 20.005 (2) (a) and (b) following]

SUMMARY OF BONDING AUTHORITY MODIFICATIONS 2005-07 FISCAL BIENNIUM - See PDF for table

AB100,103,2 Figure: 20.005 (2) (b)

AB100,103,3 GENERAL OBLIGATION AND BUILDING CORPORATION DEBT SERVICE FISCAL YEARS 2005-06 AND 2006-07 - See PDF for table

AB100, s. 140 Section 140. 20.005 (3) of the statutes is repealed and recreated to read:

AB100,110,7 20.005 (3) Appropriations. The following schedule sets forth all annual, biennial, and sum certain continuing appropriations and anticipated expenditures from other appropriations for the programs and other purposes indicated. All appropriations are made from the general fund unless otherwise indicated. The letter abbreviations shown designating the type of appropriation apply to both fiscal years in the schedule unless otherwise indicated. [See Figure 20.005 (3) following]

AB100,111,2 Figure: 20.005 (3)

AB100,111,3 - See PDF for table

AB100, s. 141 Section 141. 20.115 (1) (h) of the statutes is amended to read:

AB100,295,7 20.115 (1) (h) Grain inspection and certification. All moneys received for the inspection and certification of grain received in or shipped from the port of Milwaukee, the port of Superior or other locations in this state under s. 93.06 (1m), to carry out the purposes for which they are received and all moneys transferred under s. 16.56, for the expenses of inspecting and certifying grain under s. 93.06 (1m).

AB100, s. 142 Section 142. 20.115 (1) (hm) of the statutes is amended to read:

AB100,296,7 20.115 (1) (hm) Ozone-depleting refrigerants and products regulation. The amounts in the schedule for administration of the mobile air conditioner servicing and refrigerant recycling programs and for responsibilities under ss. s. 100.45 and 100.50 relating to sales and labeling of products containing or made with ozone-depleting substances. All moneys received from fees under s. 100.45 (5) (a) 3. and (5m) shall be credited to this appropriation.

AB100, s. 143 Section 143. 20.115 (2) (d) of the statutes is amended to read:

AB100,296,16 20.115 (2) (d) Principal repayment and interest. 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 department facilities and, 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 this acquisition, construction, development, enlargement, or improvement, and to make payments under an agreement or ancillary arrangement entered into under s. 18.06 (8) (a).

AB100, s. 144 Section 144. 20.115 (3) (h) of the statutes is created to read:

AB100,296,21 20.115 (3) (h) Loans for rural development. All moneys received as origination fees, repayment of principal, and payment of interest on loans under s. 93.06 (1qm), to be used for loans for the development of rural business enterprises or rural economic development under s. 93.06 (1qm).

AB100, s. 145 Section 145. 20.115 (4) (c) of the statutes is amended to read:

AB100,296,25 20.115 (4) (c) Agricultural investment aids. Biennially, the amounts in the schedule for agricultural research and development grants under s. 93.46 (2) and (3) and sustainable agriculture grants under s. 93.47.

AB100, s. 146 Section 146. 20.115 (7) (b) of the statutes is amended to read:

AB100,297,8 20.115 (7) (b) Principal repayment and interest, conservation reserve enhancement. A sum sufficient to reimburse s. 20.866 (1) (u) for the principal and interest costs incurred in financing the conservation reserve enhancement program under s. 20.866 (2) (wf) and, 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 projects, and to make payments under an agreement or ancillary arrangement entered into under s. 18.06 (8) (a).

AB100, s. 147 Section 147. 20.115 (7) (f) of the statutes is amended to read:

AB100,297,17 20.115 (7) (f) Principal repayment and interest; soil and water. A sum sufficient to reimburse s. 20.866 (1) (u) for the payment of principal and interest costs incurred in providing funds for soil and water resource management projects under s. 92.14 and, 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 projects, and to make payments under an agreement or ancillary arrangement entered into under s. 18.06 (8) (a), to the extent that these payments are not made under par. (s).

AB100, s. 148 Section 148. 20.115 (7) (s) of the statutes is created to read: