AB40-ASA1,1982d Section 1982d. 185.75 (2) of the statutes is amended to read:

AB40-ASA1,1059,6 185.75 (2) Assets distributable in the course of the liquidation of a cooperative that remain unclaimed after one year may be reported and delivered to the state treasurer secretary of revenue as provided under ch. 177. Assets distributable in the course of the liquidation of a cooperative that are not forfeited under sub. (1) and that remain unclaimed after 5 years shall be reported and delivered to the state treasurer secretary of revenue under ch. 177.

AB40-ASA1,1982h Section 1982h. 186.235 (11) (p) 3. of the statutes is amended to read:

AB40-ASA1,1059,16 186.235 (11) (p) 3. One year after the date of the order for final distribution, the office of credit unions shall report and deliver to the state treasurer secretary of revenue all unclaimed funds as provided in ch. 177. All claims subsequently arising shall be presented to the office of credit unions. If the office of credit unions determines that any claim should be allowed, the office shall certify to the department of administration the name and address of the person entitled to payment and the amount of the payment and shall attach the claim to the certificate. The department of administration shall certify the claim to the state treasurer secretary of revenue for payment.

AB40-ASA1,1982p Section 1982p. 193.735 (1) (intro.) of the statutes is amended to read:

AB40-ASA1,1059,23 193.735 (1) Alternate procedure to distribute property. (intro.) Notwithstanding s. 177.17 (4) (a) 2. and (b), a cooperative may distribute any property required to be reported under s. 177.17 (1) to an entity that is exempt from taxation under section 501 (a) of the Internal Revenue Code. A cooperative making a distribution under this subsection shall file all of the following with the state treasurer secretary of revenue before making the distribution:

AB40-ASA1,1982t Section 1982t. 193.905 (4) (b) of the statutes is amended to read:

AB40-ASA1,1060,3 193.905 (4) (b) Assets distributable in the course of the dissolution of a cooperative that are not forfeited under par. (a) shall be reported and delivered to the state treasurer secretary of revenue as provided under ch. 177.

AB40-ASA1,1989 Section 1989. 196.208 (5p) (a) 1. of the statutes is amended to read:

AB40-ASA1,1060,6 196.208 (5p) (a) 1. "Charitable organization" has the meaning given in s. 440.41 202.11 (1).

AB40-ASA1,1989b Section 1989b. 196.504 of the statutes is created to read:

AB40-ASA1,1060,8 196.504 Broadband expansion grant program. (1) In this section:

AB40-ASA1,1060,9 (a) "Eligible applicant" means any of the following:

AB40-ASA1,1060,10 1. An organization operated for profit or not for profit, including a cooperative.

AB40-ASA1,1060,11 2. A telecommunications utility.

AB40-ASA1,1060,13 3. A city, village, town, or county that submits an application in partnership with an eligible applicant under subd. 1. or 2.

AB40-ASA1,1060,14 (b) "Underserved" means served by fewer than 2 broadband service providers.

AB40-ASA1,1060,16 (2) The commission shall administer the broadband expansion program and shall have the following powers:

AB40-ASA1,1060,20 (a) To make broadband expansion grants to eligible applicants for the purpose of constructing broadband infrastructure in underserved areas designated under par. (d). Grants awarded under this section shall be paid from the appropriation under s. 20.155 (3) (g).

AB40-ASA1,1060,25 (b) To prescribe the form, nature, and extent of the information that shall be contained in an application for a grant under this section. The application shall require the applicant to identify the area of the state that will be affected by the proposed project and explain how the proposed project will increase broadband access.

AB40-ASA1,1061,7 (c) To establish criteria for evaluating applications and awarding grants under this section. The criteria shall prohibit grants that have the effect of subsidizing the expenses of a telecommunication provider or the monthly bills of telecommunications customers. The criteria shall give priority to projects that include matching funds, that involve public-private partnerships, that affect areas with no broadband service providers, or that affect a large geographic area or a large number of underserved individuals or communities.

AB40-ASA1,1061,8 (d) To designate areas of the state that are underserved as underserved areas.

AB40-ASA1,1989c Section 1989c. 196.58 (1) of the statutes is renumbered 196.58 (1r), and 196.58 (1r) (a) and (c), as renumbered, are amended to read:

AB40-ASA1,1061,17 196.58 (1r) (a) Determine by contract, ordinance or resolution municipal regulation the quality and character of each kind of product or service to be furnished or rendered by any public utility within the municipality and all other terms and conditions, consistent with this chapter and ch. 197, upon which the public utility may be permitted to occupy the streets, highways or other public places within the municipality. The contract, ordinance or resolution municipal regulation shall be in force and on its face reasonable.

AB40-ASA1,1061,19 (c) Provide a penalty for noncompliance with the provisions of any ordinance or resolution municipal regulation adopted under this subsection.

AB40-ASA1,1989g Section 1989g. 196.58 (1g) of the statutes is created to read:

AB40-ASA1,1061,22 196.58 (1g) In this section, "municipal regulation" has the meaning given in s. 182.017 (1g) (bm).

AB40-ASA1,1989L Section 1989L. 196.58 (4) of the statutes is renumbered 196.58 (4) (a) and amended to read:

AB40-ASA1,1062,5 196.58 (4) (a) Upon complaint made by a public utility or by any qualified complainant under s. 196.26, the commission shall set a hearing and if it finds a contract, ordinance or resolution municipal regulation under sub. (1) (1r) to be unreasonable, the contract, ordinance or resolution municipal regulation shall be void.