LRB-4077/1
JK:jld:rs
2011 - 2012 LEGISLATURE
February 13, 2012 - Introduced by Senators Taylor, Hansen, C. Larson, Jauch and
Lassa, cosponsored by Representatives
Richards, Jorgensen, Barca,
Berceau, Bewley, Bernard Schaber, Fields, Hebl, Hulsey, Kessler, Mason,
Milroy, Molepske Jr, Pasch, Ringhand, Steinbrink, Toles, Turner and
Young. Referred to Committee on Judiciary, Utilities, Commerce, and
Government Operations.
SB468,1,2
1An Act to create 20.932 of the statutes;
relating to: prohibiting the expenditure
2of moneys from the national mortgage settlement without legislative approval.
Analysis by the Legislative Reference Bureau
This bill prohibits the expenditure of moneys directly received by the state from
the national mortgage settlement unless the expenditure is approved by the
legislature.
For further information see the state 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:
SB468, s. 1
3Section
1. 20.932 of the statutes is created to read:
SB468,1,7
420.932 National mortgage settlement. The state may make no expenditure
5of the moneys directly received from the national mortgage settlement unless the
6expenditure is approved by a majority of the members elected to each house of the
7legislature.
