AB150-ASA, s. 1366m Section 1366m. 24.60 (1) of the statutes is created to read:

AB150-ASA,545,3 24.60 (1) "Consortium" means an association of 2 or more of any of the following entities for the purpose of implementing, expanding or participating in a distance education or educational technology project:

AB150-ASA,545,4 (a) A school district.

AB150-ASA,545,5 (b) A technical college district.

AB150-ASA,545,7 (c) A county, during fiscal years 1996-97 to 1999-2000, if the county acts on behalf of a county library board that has adopted a resolution under s. 24.66 (3m).

AB150-ASA,545,10 (d) A city, village or town, during fiscal years 1996-97 to 1999-2000, if the city, village or town acts on behalf of a municipal library board that has adopted a resolution under s. 24.66 (3m).

AB150-ASA,545,11 (1g) "Distance education" has the meaning given in s. 16.992 (1) (b).

AB150-ASA,545,12 (1r) "Educational technology" has the meaning given in s. 16.992 (1) (c).

AB150-ASA, s. 1367 Section 1367. 24.61 (2) (a) 6. of the statutes is created to read:

AB150-ASA,545,15 24.61 (2) (a) 6. Bonds of the University of Wisconsin Hospitals and Clinics Authority.

AB150-ASA, s. 1367m Section 1367m. 24.61 (2) (b) of the statutes is amended to read:

AB150-ASA,545,19 24.61 (2) (b) (title) Deposited with state treasurer secretary of administration . All bonds, notes and other securities so purchased shall be deposited with the state treasurer secretary of administration.

AB150-ASA, s. 1368 Section 1368. 24.61 (3) (a) 9. of the statutes is created to read:

AB150-ASA,545,21 24.61 (3) (a) 9. A consortium.

AB150-ASA, s. 1368c Section 1368c. 24.61 (3) (b) of the statutes is amended to read:

AB150-ASA,546,2 24.61 (3) (b) Terms; conditions. A municipality may borrow from the board or from moneys belonging to the trust funds obtain a state trust fund loan for the sum of money, for the time and upon the conditions as may be agreed upon between the board and the borrower subject to the limitations, restrictions and conditions set forth in this subchapter.

AB150-ASA, s. 1369 Section 1369. 24.61 (3) (c) 2. a. of the statutes is amended to read:

AB150-ASA,546,7 24.61 (3) (c) 2. a. The school board is subject to an order issued by the state superintendent department of public instruction education under s. 115.33 (3) after December 31, 1991, regarding noncompliance with the standard under s. 121.02 (1) (i).

AB150-ASA, s. 1369m Section 1369m. 24.61 (3) (d) of the statutes is created to read:

AB150-ASA,546,16 24.61 (3) (d) Reserve for loans for educational technology and distance education projects. In fiscal years 1996-97 to 1999-2000, annually the board shall reserve $15,000,000 for loans to school districts, counties, municipalities and consortia, other than consortia that include one or more technical college districts, for educational technology and distance education projects under s. 16.992. The board shall not make any loan to a consortium that includes a county or municipality for an educational technology or distance education project except from the reserve established under this paragraph.

AB150-ASA, s. 1370 Section 1370. 24.61 (5) of the statutes is created to read:

AB150-ASA,547,7 24.61 (5) Loans to consortia or cities, villages or towns served by joint library boards. Whenever a consortium applies for a loan under sub. (3), or whenever a group of cities, villages or towns served by a joint county or municipal library board applies for a loan for an educational technology or distance education project, the board shall treat the application as a loan to each of the members of the consortium or each city, village or town served by a county or municipal library board in an amount equal to the total amount of the loan divided equally by the number of members of the consortium or the number of cities, villages and towns served by the library board, unless all members of the consortium or all cities, villages and towns served by a joint library board agree to a different arrangement specified by the members or cities, villages and towns on their applications. The procedure for application, approval and repayment of the loan by each member of a consortium or group under this subsection shall be the same as provided in this subchapter for application, approval and repayment of a loan to that member individually, except that the loan shall not be made unless all members qualify.

AB150-ASA, s. 1370g Section 1370g. 24.61 (6) of the statutes is created to read:

AB150-ASA,547,13 24.61 (6) Educational technology or distance education loans. The board shall not make a state trust fund loan to a school district, county, city, village, town or consortium for an educational technology or distance education project from moneys reserved for such loans under sub. (3) (d), unless the educational technology board has first notified the board that it has approved the loan under s. 16.992 (3).

AB150-ASA, s. 1377 Section 1377. 24.66 (1) (intro.) of the statutes is amended to read:

AB150-ASA,547,22 24.66 (1) For all municipalities. (intro.) No trust fund loan may be made unless an application is made to the board under this section. The application shall state the amount of money required, the purpose to which it is to be applied, and the times and terms of repayment, whether the loan is sought for an educational technology or distance education project under s. 24.61 (3) (d), and if so, whether the educational technology board has approved a grant to pay a portion of the interest on the loan under s. 16.992 (3) (b). The application shall be accompanied by satisfactory proof:

AB150-ASA, s. 1377g Section 1377g. 24.66 (3m) of the statutes is created to read:

AB150-ASA,548,6 24.66 (3m) For educational technology or distance education loans. An application by a county, city, village or town to undertake an educational technology or distance education project, or by a consortium that includes a county, city, village or town under s. 24.61 (3) (d) shall be accompanied by a resolution of the county or municipal library board for that county, city, village or town, or the county or municipal library board of each county, city, village or town participating in the consortium, requesting the county, city, village or town to apply for the loan for the purpose of conducting an educational technology or distance education project.

AB150-ASA, s. 1377m Section 1377m. 24.66 (5) (a) of the statutes is amended to read: