SB510: Bill Text

SB510, s. 59 Section 59. 231.13 (2) of the statutes is amended to read:

SB510,41,25 231.13 (2) The authority shall pledge the revenues derived and to be derived from a project and other related health facilities, educational facilities, research facilities, or child care centers for the purposes specified in sub. (1), and additional bonds may be issued which may rank on a parity with other bonds relating to the project to the extent and on the terms and conditions provided in the bond resolution. Such pledge shall be valid and binding from the time when the pledge is made, the revenues so pledged by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the authority, irrespective of whether such parties have notice thereof. Neither the bond resolution nor any financing statement, continuation statement, or other instrument by which a pledge is created or by which the authority's interest in revenues is assigned need be filed or recorded in any public records in order to perfect the lien thereof as against 3rd parties, except that a copy thereof shall be filed in the records of the authority and with the department of financial institutions.

SB510, s. 60 Section 60. 231.16 (1) of the statutes is amended to read:

SB510,42,15 231.16 (1) The authority may issue bonds to refund any outstanding bond of the authority or indebtedness that a participating health institution, participating educational institution, participating research institution, or participating child care provider may have incurred for the construction or acquisition of a project prior to or after April 30, 1980, including the payment of any redemption premium on the outstanding bond or indebtedness and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase, or maturity, or to pay all or any part of the cost of constructing and acquiring additions, improvements, extensions, or enlargements of a project or any portion of a project. Except for bonds to refund bonds issued under s. 231.03 (6) (g), no bonds may be issued under this section unless the authority has first entered into a new or amended agreement with a participating health institution, participating educational institution, participating research institution, or participating child care provider to provide sufficient revenues to pay the costs and other items described in s. 231.13.

SB510, s. 61 Section 61. 231.20 of the statutes is amended to read:

SB510,43,2 231.20 Waiver of construction and bidding requirements. In exercising its powers under s. 101.12, the department of commerce or any city, village, town, or county may, within its discretion for proper cause shown, waive any particular requirements relating to public buildings, structures, grounds, works , and improvements imposed by law upon projects under this chapter; the requirements of s. 101.13 may not be waived, however. If, however, the prospective lessee so requests in writing, the authority shall, through the participating health institution, participating educational institution, participating research institution, or participating child care provider as its agent, call for construction bids in such manner as is determined by the authority with the approval of the lessee.

SB510, s. 62 Section 62. 231.23 of the statutes is amended to read:

SB510,43,11 231.23 Nonprofit institutions. It is intended that all nonprofit health and institutions, educational institutions, research institutions, and child care providers in this state be enabled to benefit from and participate in this chapter. To this end, all nonprofit health and institutions, educational institutions, research institutions, and child care providers operating, or authorized to be operated, under any law of this state may undertake projects and utilize the capital financing sources and methods of repayment provided by this chapter, the provisions of any other laws to the contrary notwithstanding.

SB510, s. 63 Section 63. 560.126 (1) (intro.) of the statutes, as created by 2007 Wisconsin Act 20, is amended to read:

SB510,43,16 560.126 (1) (intro.) The department may award a grant or make a loan from the appropriations under s. 20.143 (1) (cr), (ie) or, and (tm) to a business or researcher to fund any of the following projects:

SB510, s. 64 Section 64. 560.126 (1) (intro.) of the statutes, as affected by 2007 Wisconsin Act .... (this act), is repealed and recreated to read:

SB510,43,21 560.126 (1) (intro.) The department may award a grant or make a loan from the appropriations under s. 20.143 (1) (ie) and (tm) to a business or researcher to fund any of the following projects:

SB510, s. 65 Section 65. 560.7995 (3) (b) of the statutes is amended to read:

SB510,44,6 560.7995 (3) (b) When the department designates an area as an airport development zone, the department shall establish a limit, not to exceed $3,000,000, for tax benefits applicable to the airport development zone. The total tax benefits applicable to all airport development zones may not exceed $9,000,000, less any amount allocated to technology zones under s. 560.96 (2) (b) and except that the total amount allocated to all technology zones under s. 560.96 (2) (b) may not exceed $6,000,000. The department may, after 48 months from the month of any designation under this section, evaluate the area designated as an airport development zone and reallocate the amount of available tax benefits.

SB510, s. 66 Section 66. 560.96 (2) (b) of the statutes is amended to read:

SB510,44,17 560.96 (2) (b) The designation of an area as a technology zone shall be in effect for 10 years from the time that the department first designates the area. However, not Not more than $5,000,000 in tax credits may be claimed in a technology zone, except that the department may allocate the amount of unallocated airport development zone tax credits, as provided under s. 560.7995 (3) (b), to technology zones for which the $5,000,000 maximum allocation is insufficient. The department may change the boundaries of a technology zone during the time that its designation is in effect. A change in the boundaries of a technology zone does not affect the duration of the designation of the area or the maximum tax credit amount that may be claimed in the technology zone.

SB510, s. 67 Section 67. 611.11 (4) (a) of the statutes is amended to read:

SB510,44,20 611.11 (4) (a) In this subsection, "municipality" has the meaning given in s. 345.05 (1) (c), but also includes the regional transit authority under s. 59.58 (6).

SB510, s. 68 Section 68. 2007 Wisconsin Act 20, section 9201 (1c) (a) is amended to read:

SB510,45,5 [2007 Wisconsin Act 20] Section 9201 (1c) (a) Notwithstanding sections 20.001 (3) (a) to (c) and 25.40 (3) of the statutes, but subject to paragraph (d), the secretary of administration shall lapse to the general fund or transfer to the general fund from the unencumbered balances of appropriations to executive branch state agencies, other than sum sufficient appropriations and appropriations of federal revenues, an amount equal to $200,000,000 $175,000,000 during the 2007-09 fiscal biennium and $200,000,000 $150,000,000 during the 2009-11 fiscal biennium. This paragraph shall not apply to appropriations to the Board of Regents of the University of Wisconsin System and to the technical college system board.

SB510, s. 69 Section 69. Nonstatutory provisions.

SB510,45,7 (1) Department of transportation appropriation lapses under act 20.

SB510,45,10 (a) Notwithstanding section 9201 (1c) of 2007 Wisconsin Act 20, as affected by this act, the secretary of administration may not, under section 9201 (1c) (a) of 2007 Wisconsin Act 20, as affected by this act, do any of the following:

SB510,45,12 1. Lapse or transfer more than a total of $25,000,000 in fiscal year 2007-08 from the appropriations made to the department of transportation.

SB510,45,15 2. Lapse or transfer any amount in fiscal year 2007-08 from any appropriation made to the department of transportation other than the appropriation account under section 20.395 (3) (bq) of the statutes.

SB510,45,17 3. Lapse or transfer any amount in fiscal year 2008-09, 2009-10, or 2010-11 from any appropriation made to the department of transportation.

SB510,45,22 (b) If the secretary of administration has, prior to the effective date of this subsection, lapsed or transferred moneys under section 9201 (1c) (a) of 2007 Wisconsin Act 20 in a manner that would have been inconsistent with paragraph (a) 1. or 2 . if the lapse or transfer occurred after the effective date of this subsection, the secretary of administration shall do all of the following:

SB510,46,3 1. If the lapse or transfer would have been inconsistent with paragraph (a ) 1., the secretary of administration shall transfer, from the general fund to the fund or appropriation account from which the lapse or transfer was made except with respect to the appropriation account under under section 20.395 (3) (bq) of the statutes, pro rata amounts as determined by the secretary totalling the amount by which the lapse or transfer exceeded $25,000,000.

SB510,46,8 2. If the lapse or transfer would have been inconsistent with paragraph (a ) 2., the secretary of administration shall transfer, from the general fund to the fund or appropriation account from which the lapse or transfer was made, any amount lapsed or transferred other than an amount lapsed or transferred from the appropriation account under section 20.395 (3) (bq) of the statutes.

SB510,46,15 (2) Estimates for a certain department of transportation segregated fund revenues-service appropriation. The secretary of administration and department of transportation shall estimate additional revenues of $50,000,000 in fiscal year 2007-08, and decreased revenues of $50,000,000 in fiscal year 2008-09, for the appropriation account under section 20.395 (3) (br) of the statutes, which additional or decreased revenues are not reflected in the schedule under section 20.005 (3) of the statutes, as created by 2007 Wisconsin Act 20.

SB510,47,2 (3) Department of transportation requests for 2009-11 biennial budget bill. Notwithstanding section 16.42 (1) (e) of the statutes, in submitting information under section 16.42 of the statutes for purposes of the 2009-11 biennial budget bill, the department of transportation shall submit a dollar amount for the appropriation under section 20.395 (3) (bq) of the statutes that is $50,000,000 less than the total amount appropriated under section 20.395 (3) (bq) of the statutes for the 2008-09 fiscal year, before submitting any information relating to any increase or decrease in the dollar amount for that appropriation for the 2009-11 fiscal biennium. In addition, the department of transportation's submission of information under section 16.42 of the statutes for purposes of the 2009-11 biennial budget bill shall not reflect the modified estimates required under subsection (2) related to the appropriation account under section 20.395 (3) (br) of the statutes.

SB510, s. 70 Section 70. Fiscal changes.

SB510,47,8 (1) Training in advanced manufacturing skills. In the schedule under section 20.005 (3) of the statutes for the appropriation to the technical college system board under section 20.292 (1) (dc) of the statutes, as affected by the acts of 2007, the dollar amount is increased by $5,000,000 for fiscal year 2008-09 to increase funding for grants to technical college districts under section 38.27 (1) (b) 1. of the statutes.

SB510,47,14 (2) Appropriation changes for major highway projects. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of transportation under section 20.395 (3) (bq) of the statutes, as affected by the acts of 2007, the dollar amount is decreased by $20,000,000 for fiscal year 2007-08 and the dollar amount is increased by $55,000,000 for fiscal year 2008-09 to increase funding for major development of state trunk and connecting highways.

SB510,47,22 (3) Appropriation changes for state highway rehabilitation. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of transportation under section 20.395 (3) (cq) of the statutes, as affected by the acts of 2007, the dollar amount is increased by $20,000,000 for fiscal year 2007-08 and the dollar amount is increased by $20,000,000 for fiscal year 2008-09 to increase funding for improvement of existing state trunk and connecting highways and construction and rehabilitation of the national system of interstate and defense highways and bridges and related appurtenances.

SB510,47,25 (4) General fund transfer to transportation fund. The secretary of administration shall transfer $75,000,000 from the general fund to the transportation fund in fiscal year 2008-09.

SB510,48,5 (5) Wisconsin higher education grant program; technical college students. In the schedule under section 20.005 (3) of the statutes for the appropriation to the higher educational aids board under section 20.235 (1) (ff) of the statutes, as affected by the acts of 2007, the dollar amount is increased by $1,300,000 for fiscal year 2008-09 to increase funding for the purpose for which the appropriation is made.

SB510, s. 71 Section 71. Initial applicability.

SB510,48,8 (1) Combined reporting. The treatment of sections 71.22 (9), 71.255, and 71.26 (3) (x) of the statutes first applies to taxable years beginning on January 1, 2008.

SB510, s. 72 Section 72. Effective dates. This act takes effect on the day after publication, except as follows:

SB510,48,13 (1) Renewable energy. The repeal of section 20.143 (1) (cr) of the statutes and the repeal and recreation of section 560.126 (1) (intro.) of the statutes take effect on July 1, 2009.

SB510,48,15 (2) Eligibility for child care subsidies. The treatment of section 49.155 (1m) (c) 1. (intro.), 1c., 1g., 1h., 1m., 2., and 3. of the statutes takes effect on July 1, 2008.

SB510,48,16 (End)