Wisconsin 2023-2024 Regular Session

Wisconsin Senate Bill SB64 Compare Versions

Only one version of the bill is available at this time.

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3	3	2023 - 2024 LEGISLATURE
4	4	2023 SENATE BILL 64
5	5	February 15, 2023 - Introduced by Senator J ACQUE, cosponsored by
6	6	Representatives KRUG, ANDRACA, MURSAU and KNODL. Referred to Committee
7	7	on Labor, Regulatory Reform, Veterans and Military Affairs.
8	8	*AUTHORS SUBJECT TO CHANGE*
9	9	AN ACT to create 20.465 (3) (v), 20.465 (3) (w), 20.465 (3) (x), 25.17 (1) (gg), 25.34
10	10	and 323.65 of the statutes; relating to: creating a hazard mitigation revolving
11	11	loan program and making an appropriation.
12	12	Analysis by the Legislative Reference Bureau
13	13	This bill authorizes the Division of Emergency Management in the Department
14	14	of Military Affairs to enter into an agreement with the Federal Emergency
15	15	Management Agency (FEMA) to receive federal grant funding for the purpose of
16	16	establishing a hazard mitigation revolving loan program. The bill creates a separate,
17	17	nonlapsible trust fund, designated as the Hazard Mitigation Revolving Loan Fund,
18	18	to accept money from FEMA under the federal Safeguarding Tomorrow through
19	19	Ongoing Risk Mitigation (STORM) Act, Public Law 116-284. Under the bill, if DMA
20	20	enters into such an agreement with FEMA, the secretary of administration must
21	21	transfer from the general fund to the Hazard Mitigation Revolving Loan Fund an
22	22	amount equal to 10 percent of any money received from the federal government, and
23	23	DMA must provide loans to local units of government for hazard mitigation projects
24	24	in accordance with the requirements of the STORM Act.
25	25	For further information see the state and local fiscal estimate, which will be
26	26	printed as an appendix to this bill.
27	27	The people of the state of Wisconsin, represented in senate and assembly, do
28	28	enact as follows:
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33	33	SECTION 1 SENATE BILL 64
34	34	SECTION 1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert
35	35	the following amounts for the purposes indicated:
36	36	2023-24 2024-25
37	37	20.465 Military affairs, department of
38	38	(3) EMERGENCY MANAGEMENT SERVICES
39	39	(v)Hazard mitigation revolving loan
40	40	program; payments SEG C -0- -0-
41	41	(w)Hazard mitigation revolving loan
42	42	program; state funds SEG C -0- -0-
43	43	(x)Hazard mitigation revolving loan
44	44	program; federal funds SEG-F C -0- -0-
45	45	SECTION 2. 20.465 (3) (v) of the statutes is created to read:
46	46	20.465 (3) (v) Hazard mitigation revolving loan program; payments. From the
47	47	hazard mitigation revolving loan fund, all moneys received from the repayment of
48	48	principal and interest on loans made under s. 323.65, to provide loans under s.
49	49	323.65.
50	50	SECTION 3. 20.465 (3) (w) of the statutes is created to read:
51	51	20.465 (3) (w) Hazard mitigation revolving loan program; state funds. From
52	52	the hazard mitigation revolving loan fund, all moneys transferred from the general
53	53	fund under s. 323.65 (4), to provide loans under s. 323.65.
54	54	SECTION 4. 20.465 (3) (x) of the statutes is created to read:
55	55	20.465 (3) (x) Hazard mitigation revolving loan program; federal funds. From
56	56	the hazard mitigation revolving loan fund, all moneys received from the federal
57	57	government under 42 USC 5135, to provide loans under s. 323.65.
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83	83	SECTION 5
84	84	SENATE BILL 64
85	85	SECTION 5. 25.17 (1) (gg) of the statutes is created to read:
86	86	25.17 (1) (gg) Hazard mitigation revolving loan fund (s. 25.34);
87	87	SECTION 6. 25.34 of the statutes is created to read:
88	88	25.34 Hazard mitigation revolving loan fund. (1) DEFINITION. In this
89	89	section, “fund” means the hazard mitigation revolving loan fund.
90	90	(2) CREATION. There is established a separate nonlapsible trust fund
91	91	designated as the hazard mitigation revolving loan fund, to consist of the following:
92	92	(a) All moneys transferred from the general fund under s. 323.65 (4) to the
93	93	hazard mitigation revolving loan fund.
94	94	(b) All moneys received from the federal government under 42 USC 5135,
95	95	designated for loans under the fund.
96	96	(c) All repayments of principal and payments of interest on loans made under
97	97	s. 323.65 (3).
98	98	SECTION 7. 323.65 of the statutes is created to read:
99	99	323.65 Hazard mitigation revolving loan program. (1) AUTHORIZATION.
100	100	The division may enter into an agreement with the federal government as provided
101	101	in 42 USC 5135, to provide hazard mitigation loans to local units of government
102	102	under sub. (2).
103	103	(2) ESTABLISHMENT. If an agreement is entered into as provided under sub. (1),
104	104	the division shall establish and administer a hazard mitigation revolving loan
105	105	program under which the division provides loans to local units of government from
106	106	the appropriations under s. 20.465 (3) (v), (w), and (x) for the purpose of funding
107	107	hazard mitigation projects in accordance with the requirements of 42 USC 5135 and
108	108	the agreement entered into under sub. (1).
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134	134	SECTION 7 SENATE BILL 64
135	135	(3) REPAYMENTS. All repayments of principal and interest on loans provided
136	136	under any program established under sub. (2) shall be credited to the appropriation
137	137	account under s. 20.465 (3) (v).
138	138	(4) GENERAL FUND TRANSFERS. Beginning on June 30, 2024, in each fiscal year,
139	139	the secretary of administration shall transfer from the general fund to the hazard
140	140	mitigation revolving loan fund an amount equal to 10 percent of any moneys received
141	141	in that fiscal year from the federal government pursuant to an agreement under sub.
142	142	(1).
143	143	SECTION 8.0Effective date.
144	144	(1) This act takes effect on the day after publication, or on the 2nd day after
145	145	publication of the 2023 biennial budget act, whichever is later.
146	146	(END)
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