84.53(1)
(1) The secretary with the approval of the governor, subject to the limits of
s. 20.866 (2) (ut), may direct that state debt be contracted for the matching of federal aid as set forth in
sub. (2) and subject to the limits set therein. Said debt shall be contracted in accordance with
ch. 18.
84.53(2)
(2) It is the intent of the legislature that state debt not to exceed $10,000,000 may be incurred for the purpose of matching federal aid for the construction of highway facilities.
84.53 History
History: 1973 c. 333;
1977 c. 29 84.555
84.555
Additional funding of major highway and rehabilitation projects. 84.555(1)(1) Notwithstanding
ss. 84.51 and
84.59, major highway projects, as defined under
s. 84.013 (1) (a), for the purposes of
ss. 84.06 and
84.09, southeast Wisconsin freeway rehabilitation projects under
s. 84.014, and state highway rehabilitation projects for the purposes specified in
s. 20.395 (3) (cq), may be funded with the proceeds of general obligation bonds issued under
s. 20.866 (2) (uum) if all of the following conditions are satisfied:
84.555(1)(a)
(a) The department's most recent estimate of the amount of federal funds, as defined in
s. 84.03 (2) (a) 1., that the department will be appropriated under
s. 20.395 in the current state fiscal year is less than 95% of the amount of federal funds shown in the schedule, as defined in
s. 84.03 (2) (a) 2., for the appropriations under
s. 20.395 in that fiscal year.
84.555(1)(b)
(b) The secretary has submitted a plan to the joint committee on finance for the use of proceeds of general obligation bonds issued under
s. 20.866 (2) (uum) and the joint committee on finance has approved the plan, except that the secretary may not submit, and the joint committee on finance may not approve, a plan for the use of an amount of proceeds of general obligation bonds that exceeds the difference between the amount of federal funds, as defined in
s. 84.03 (2) (a) 1., actually available to the department to be appropriated under
s. 20.395 in the current state fiscal year and the amount of federal funds shown in the schedule, as defined in
s. 84.03 (2) (a) 2., for the appropriations under
s. 20.395 in that fiscal year.
84.555(2)
(2) The joint committee on finance may approve, or modify and approve, a plan received under
sub. (1) (b) using the procedure specified in
s. 84.03 (2) (c). No plan submitted under
sub. (1) (b) may be implemented unless the joint committee on finance has approved, or modified and approved, the plan.
84.555(3)
(3) The secretary may submit a plan under
sub. (1) (b) at any time during a state fiscal year after the condition specified in
sub. (1) (a) is satisfied for that fiscal year.
84.555 History
History: 2001 a. 109;
2003 a. 33.
84.59
84.59
Funding of transportation facilities and highway projects. 84.59(1)(1) Transportation facilities under
s. 84.01 (28) and major highway projects as defined under
s. 84.013 (1) (a) for the purposes under
ss. 84.06 and
84.09 may be funded with the proceeds of revenue obligations issued subject to and in accordance with
subch. II of ch. 18.
84.59(2)(a)(a) The department may, under
s. 18.561 or
18.562, deposit in a separate and distinct fund outside the state treasury, in an account maintained by a trustee, revenues derived under
s. 341.25. The revenues deposited are the trustee's revenues in accordance with the agreement between this state and the trustee or in accordance with the resolution pledging the revenues to the repayment of revenue obligations issued under this section.
84.59(2)(b)
(b) The department may, under
s. 18.562, deposit in a separate and distinct special fund outside the state treasury, in an account maintained by a trustee, revenues derived under
ss. 341.09 (2) (d),
(2m) (a) 1.,
(4), and
(7),
341.14 (2),
(2m),
(6) (d),
(6m) (a),
(6r) (b) 2.,
(6w), and
(8),
341.145 (3),
341.16 (1) (a) and
(b),
(2), and
(2m),
341.17 (8),
341.19 (1) (a),
341.25,
341.255 (1),
(2) (a),
(b), and
(c),
(4), and
(5),
341.26 (1),
(2),
(2m) (am) and
(b),
(3),
(3m),
(4),
(5), and
(7),
341.264 (1),
341.265 (1),
341.266 (2) (b) and
(3),
341.268 (2) (b) and
(3),
341.30 (3),
341.305 (3),
341.308 (3),
341.36 (1) and
(1m),
341.51 (2), and
342.14, except
s. 342.14 (1r). The revenues deposited are the trustee's revenues in accordance with the agreement between this state and the trustee or in accordance with the resolution pledging the revenues to the repayment of revenue obligations issued under this section. Revenue obligations issued for the purposes specified in
sub. (1) and for the repayment of which revenues are deposited under this paragraph are special fund obligations, as defined in
s. 18.52 (7), issued for special fund programs, as defined in
s. 18.52 (8).
84.59(3)
(3) The secretary may pledge revenues received or to be received in any fund established under
sub. (2) to secure revenue obligations issued under this section. The pledge shall provide for the transfer to this state of all pledged revenues, including any interest earned on the revenues, which are in excess of the amounts required to be paid under
s. 20.395 (6) (as). The pledge shall provide that the transfers be made at least twice yearly, that the transferred amounts be deposited in the transportation fund and that the transferred amounts are free of any prior pledge.
84.59(4)
(4) The department shall have all other powers necessary and convenient to distribute the pledged revenues and to distribute the proceeds of the revenue obligations in accordance with
subch. II of ch. 18.
84.59(5)
(5) The department may enter into agreements with the federal government or its agencies, political subdivisions of this state or private individuals or entities to insure or in any other manner provide additional security for the revenue obligations issued under this section.
84.59(6)
(6) The building commission may contract revenue obligations when it reasonably appears to the building commission that all obligations incurred under this section can be fully paid from moneys received or anticipated and pledged to be received on a timely basis. Except as provided in this subsection, the principal amount of revenue obligations issued under this section may not exceed $2,095,583,900, excluding any obligations that have been defeased under a cash optimization program administered by the building commission, to be used for transportation facilities under
s. 84.01 (28) and major highway projects for the purposes under
ss. 84.06 and
84.09. In addition to the foregoing limit on principal amount, the building commission may contract revenue obligations under this section as the building commission determines is desirable to refund outstanding revenue obligations contracted under this section and to pay expenses associated with revenue obligations contracted under this section.
84.59(7)
(7) Unless otherwise expressly provided in resolutions authorizing the issuance of revenue obligations or in other agreements with the holders of revenue obligations, each issue of revenue obligations under this section shall be on a parity with every other revenue obligation issued under this section and in accordance with
subch. II of ch. 18.
84.60(1)(a)
(a) "Bikeway" means a public path, trail, lane or other way, including structures, traffic control devices and related support facilities and parking areas, designated for use by bicycles, electric personal assistive mobility devices, and other vehicles propelled by human power. The term also includes "bicycle lane" as defined in
s. 340.01 (5e) and "bicycle way" as defined in
s. 340.01 (5s).
84.60(1)(b)
(b) "Highway" means any state trunk highway, national parkway, expressway, interstate highway or freeway.
84.60(2)
(2) The department may establish a bikeway separately or in conjunction with any existing highway.
84.60(3)
(3) Bikeways established under this section shall be considered highways for the purposes of
ss. 84.06,
84.07 and
84.09.
84.60 History
History: 1977 c. 29;
2001 a. 90.
84.95
84.95
General obligation bonding for highway rehabilitation projects. Notwithstanding
ss. 84.51,
84.53, and
84.59, under
s. 84.555 state highway rehabilitation projects for the purposes specified in
s. 20.395 (3) (cq) may be funded with the proceeds of general obligation bonds.
84.95 History
History: 2003 a. 33.
