AB133-SSA1,1243,19 281.59 (3) (j) No later than November 1 of each odd-numbered year, the department of administration and the department jointly shall submit a report, to the building commission and committees as required under par. (bm), on the implementation of the amount established under sub. (3e) (b) as required under s. 281.58 (9m) (e), and on the operations and activities of the clean water fund program, the safe drinking water loan program, the urban storm water loan program and the land recycling loan program for the previous biennium.

AB133-SSA1, s. 2507 Section 2507. 281.59 (3e) (b) 1. and 3. of the statutes are amended to read:

AB133-SSA1,1243,22 281.59 (3e) (b) 1. Equal to $90,200,000 $85,200,000 during the 1997-99 1999-01 biennium.

AB133-SSA1,1243,23 3. Equal to $1,000 for any biennium after the 1997-99 1999-01 biennium.

AB133-SSA1, s. 2508 Section 2508. 281.59 (3m) (b) 1. and 2. of the statutes are amended to read:

AB133-SSA1,1244,2 281.59 (3m) (b) 1. Equal to $4,500,000 $9,400,000 during the 1997-99 1999-01 biennium.

AB133-SSA1,1244,3 2. Equal to $1,000 for any biennium after the 1997-99 1999-01 biennium.

AB133-SSA1, s. 2509 Section 2509. 281.59 (3s) (b) 1. and 2. of the statutes are amended to read:

AB133-SSA1,1244,6 281.59 (3s) (b) 1. Equal to $21,000,000 $5,200,000 during the 1997-99 1999-01 biennium.

AB133-SSA1,1244,7 2. Equal to $1,000 for any biennium after the 1997-99 1999-01 biennium.

AB133-SSA1, s. 2509m Section 2509m. 281.59 (3v) of the statutes is created to read:

AB133-SSA1,1244,12 281.59 (3v) Urban storm water loan program expenditures. (a) No moneys may be expended for the urban storm water loan program in a biennium until the legislature reviews and approves all of the following as part of the biennial budget act for the biennium:

AB133-SSA1,1244,15 1. An amount of present value of the subsidy for the urban storm water loan program that is specified for that biennium under par. (b) and is based on the amount included in the biennial finance plan under sub. (3) (a) 6s.

AB133-SSA1,1244,17 2. The amount of public debt, authorized under s. 20.866 (2) (tc), that the state may contract for the purposes of the urban storm water loan program.

AB133-SSA1,1244,19 (b) The amount of present value of the subsidy for the urban storm water loan program that is approved by the legislature under this paragraph is as follows:

AB133-SSA1,1244,20 1. Equal to $4,500,000 during the 1999-01 biennium.

AB133-SSA1,1244,21 2. Equal to $1,000 for any biennium after the 1999-01 biennium.

AB133-SSA1,1244,24 (c) The department of administration may allocate amounts approved under par. (b) as the present value of subsidies for financial assistance under the urban storm water loan program.

AB133-SSA1,1245,5 (d) Using the amount approved under par. (b) as a base, the department of administration shall calculate the present value of the actual subsidy of each urban storm water loan made for those projects in each biennium that are approved for financial assistance. The present value shall be discounted as provided under sub. (3) (a) 6s.

AB133-SSA1, s. 2509p Section 2509p. 281.59 (4) (a) of the statutes is amended to read:

AB133-SSA1,1245,9 281.59 (4) (a) The clean water fund program is a and the urban storm water loan program are revenue-producing enterprise or program enterprises or programs, as defined in s. 18.52 (6).

AB133-SSA1, s. 2509q Section 2509q. 281.59 (4) (am) of the statutes is amended to read:

AB133-SSA1,1245,15 281.59 (4) (am) Deposits, appropriations or transfers to the environmental improvement fund for the purposes of the clean water fund program or the urban storm water loan program may be funded with the proceeds of revenue obligations issued subject to and in accordance with subch. II of ch. 18 or in accordance with subch. IV of ch. 18 if designated a higher education bond.

AB133-SSA1, s. 2510 Section 2510. 281.59 (4) (b) of the statutes is amended to read:

AB133-SSA1,1245,23 281.59 (4) (b) The department of administration may, under s. 18.56 (5) and (9) (j) 18.561 or 18.562, deposit in a separate and distinct fund in the state treasury or in an account maintained by a trustee outside the state treasury, any portion of the revenues derived under s. 25.43 (1). The revenues deposited with a trustee outside the state treasury 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 subsection.

AB133-SSA1, s. 2510d Section 2510d. 281.59 (4) (c) of the statutes is amended to read:

AB133-SSA1,1246,10 281.59 (4) (c) The building commission may pledge any portion of revenues received or to be received in the fund established in par. (b) or the environmental improvement fund to secure revenue obligations issued under this subsection. The pledge shall provide for the transfer to the environmental improvement fund of all pledged revenues, including any interest earned on the revenues, which are in excess of the amounts required to be paid under s. 20.320 (1) (c) and (u) for the purposes of the clean water fund program or the urban storm water loan program. The pledge shall provide that the transfers be made at least twice yearly, that the transferred amounts be deposited in the environmental improvement fund and that the transferred amounts are free of any prior pledge.

AB133-SSA1, s. 2511 Section 2511. 281.59 (9) (a) of the statutes is amended to read:

AB133-SSA1,1246,19 281.59 (9) (a) A loan approved under the clean water fund program, the safe drinking water loan program, the urban storm water loan program or the land recycling loan program shall be for no longer than 20 years, as determined by the department of administration, be fully amortized not later than 20 years after the original date of the note financial assistance agreement, and require the repayment of principal and interest, if any, to begin not later than 12 months after the expected date of completion of the project that it funds, as determined by the department of administration.