SB132: Bill Text

LRB-2055/1

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2011 - 2012 LEGISLATURE

2011 Senate BILL 132

June 21, 2011 - Introduced by Senators Kapanke, Schultz, Lasee and Holperin, cosponsored by Representatives Brooks, Rivard, Doyle and Shilling. Referred to Committee on Agriculture, Forestry, and Higher Education.

SB132,1,3 An Act to create 38.15 (3) (e) of the statutes; relating to: exempting certain capital expenditures made by a technical college district from the requirement for a referendum.

Analysis by the Legislative Reference Bureau

Under current law, if a technical college district board intends to make a capital expenditure in excess of $1,500,000 for the purchase or construction of buildings or for the lease/purchase of buildings (if costs exceed $1,500,000 for the lifetime of the lease), it must adopt a resolution stating its intention and submit the resolution to the electors of the district for approval.

This bill provides that in determining whether this referendum requirement applies to a capital expenditure partially funded with student housing payments for the purchase or construction, or the lease/purchase, of a student residence facility, that portion of the capital expenditure consisting of student housing payments is subtracted.

For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

SB132, s. 1 Section 1. 38.15 (3) (e) of the statutes is created to read:

SB132,2,3 38.15 (3) (e) That portion of a capital expenditure funded with student housing payments for the purchase or construction, or the lease/purchase, of a student residence facility.

SB132, s. 2 Section 2. Initial applicability.

SB132,2,6 (1) This act first applies to district board resolutions adopted on the effective date of this subsection.

SB132,2,7 (End)