LRB-0114/1
RAC:eev&sac:jf&jm
2013 - 2014 LEGISLATURE
March 14, 2013 - Introduced by Representatives Severson, August, Bernier,
Kapenga, Schraa, Steineke, Thiesfeldt and Weininger. Referred to
Committee on State Affairs.
AB73,1,2
1An Act to create 16.42 (1) (h) of the statutes;
relating to: requiring certain
2information in state agency budget requests.
Analysis by the Legislative Reference Bureau
Currently, no later than September 15 of each even-numbered year, state
agencies in the executive branch are required to submit to the Department of
Administration and the Legislative Fiscal Bureau their budget requests. This bill
requires that the budget requests contain an analysis of the implications for agency
expenditures and operations in the event of federal government insolvency or
substantially reduced federal payments to the agency. More specifically, the
analyses must do all of the following:
1. Identify the risks to the agency if the federal government were unable to meet
its financial or service commitments.
2. Estimate the impact of the risks to the agency under item 1. in terms of the
potential loss of federal revenue and its effect on agency operations.
3. Recommend strategies to better allow the agency to minimize the loss of
federal revenue, to adjust to any loss of federal revenue, and to reduce the impact of
any loss of federal revenue on agency operations without eliminating any programs
or services.
4. Recommend a plan for monitoring indicators that track the federal
government's ability to meet its financial obligations.
5. Include in the plan under item 4. specific steps that the agency must take
in the event the indicators signal that the federal government may be unable to meet
its financial obligations.
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:
AB73,1
1Section
1. 16.42 (1) (h) of the statutes is created to read:
AB73,2,42
16.42
(1) (h) An analysis of the implications for agency expenditures and
3operations in the event of federal government insolvency or substantially reduced
4federal payments to the agency. The analysis shall do all of the following:
AB73,2,65
1. Identify the risks to the agency if the federal government were unable to meet
6its financial or service commitments.
AB73,2,87
2. Estimate the impact of the risks to the agency under subd. 1. in terms of the
8potential loss of federal revenue and its effect on agency operations.
AB73,2,129
3. Recommend strategies to better allow the agency to minimize the loss of
10federal revenue, to adjust to any loss of federal revenue, and to reduce the impact of
11any loss of federal revenue on agency operations without eliminating any programs
12or services.
AB73,2,1413
4. Recommend a plan for monitoring indicators that track the federal
14government's ability to meet its financial obligations.
AB73,2,1715
5. Include in the plan under subd. 4. specific steps that the agency must take
16in the event the indicators signal that the federal government may be unable to meet
17its financial obligations.
