SB388: Bill Text

SB388,3,5 18.01 (4) (am) (intro.) “Public debt" or “debt" means every voluntary, unconditional undertaking by the state, other than an operating note, to repay a sum certain:

SB388,2 Section 2 . 18.01 (4) (bm) of the statutes is created to read:

SB388,3,8 18.01 (4) (bm) “Public debt” does not include any agreement by the state to guaranty the debt of another.

SB388,3 Section 3 . 18.05 (2) of the statutes is amended to read:

SB388,4,3 18.05 (2) The last determination made by the department of revenue of the full market value of all general property of the state liable to taxes pursuant to s. 70.575 shall be the aggregate value of all taxable property in the state. The department of revenue shall certify such value when requested for use in connection with the contracting of state public debt.

SB388,4 Section 4 . 18.05 (3) of the statutes is amended to read:

SB388,4,10 18.05 (3) The legislative audit bureau shall annually determine the amounts under sub. (1) (b) 1. and 2. and shall certify such amounts when requested for use in connection with the contracting of state public debt. It shall use in making such determination the fair market value of all property on hand in the sinking funds of the bond security and redemption fund. It shall take into account any anticipatory contracts under s. 18.10 (1).

SB388,5 Section 5 . 18.06 (8) (am) 2. of the statutes is amended to read:

SB388,4,15 18.06 (8) (am) 2. The interest exchange agreement must identify by maturity, bond issue, or bond purpose the public debt or obligation to which the agreement is related. The determination of the commission included in an interest exchange agreement that such agreement relates to a debt or obligation shall be conclusive.

SB388,6 Section 6 . 18.10 (1) of the statutes is amended to read:

SB388,4,25 18.10 (1) Anticipatory contracts. After adoption of an authorizing resolution for a purpose which is to be accomplished wholly or in part through performance of an executory contract by some other contracting party, such contract may be entered into prior to the contracting of the public debt authorized by such resolution with like effect as if the funds necessary for payments on the contract were already available. In such cases the public debt authorized by such resolution shall be deemed to have been contracted pursuant to such resolution in the amount necessary to make such payments on the date such contract is entered into and the authority of such resolution shall promptly thereafter be exercised.

SB388,7 Section 7. 18.10 (8) of the statutes is amended to read:

SB388,5,14 18.10 (8) Trustees and fiscal agents. The commission may appoint one or more trustees and fiscal agents for each issue of bonds or notes. The secretary of administration may be denominated the trustee and the sole fiscal agent or a cofiscal agent for any issue of bonds or notes. Every other such fiscal agent shall be an incorporated bank or trust company authorized by the laws of the United States or of the state in which it is located to do a banking or trust company business. There may be deposited with a trustee, in a special account administered as provided in this chapter, moneys to be used only for the purposes expressly provided in a resolution authorizing the issuance of public debt or an agreement between the commission and the trustee. The commission may make such other provisions respecting trustees and fiscal agents as it deems necessary or useful and may enter into a contract with any trustee or fiscal agent containing such terms, including compensation, and conditions in regard to the trustee or fiscal agent as it deems necessary or useful.

SB388,8 Section 8 . 18.10 (9) of the statutes is amended to read:

SB388,5,18 18.10 (9) Prepayment. The commission may authorize public debt having any provisions for prepayment deemed necessary or useful, including the payment of any premium.

SB388,9 Section 9 . 18.11 of the statutes is created to read:

SB388,5,22 18.11 Guaranty agreements unenforceable. Unless otherwise expressly provided by law, an agreement by the state to guaranty the debt of another is unenforceable.

SB388,10 Section 10 . 18.14 (title) of the statutes is amended to read:

SB388,5,24 18.14 (title) Validation of public debt.

SB388,11 Section 11. 19.32 (2) of the statutes is renumbered 19.32 (2) (a) and amended to read:

SB388,6,6 19.32 (2) (a) “Record" means any material on which written, drawn, printed, spoken, visual, or electromagnetic information or electronically generated or stored data is recorded or preserved, regardless of physical form or characteristics, that has been created or is being kept by an authority.

SB388,6,10 (b) “Record" includes, but is not limited to, handwritten, typed, or printed pages, maps, charts, photographs, films, recordings, tapes, optical discs, and any other medium on which electronically generated or stored data is recorded or preserved.

SB388,6,19 (d) “Record" does not include drafts, notes, preliminary computations, and like materials prepared for the originator's personal use or prepared by the originator in the name of a person for whom the originator is working; materials that are purely the personal property of the custodian and have no relation to his or her office; donor information provided by a UW-affiliated organization, as defined in s. 36.11 (59) (a) 3., to an employee of a University of Wisconsin System institution; materials to which access is limited by copyright, patent, or bequest; and published materials in the possession of an authority other than a public library that are available for sale, or that are available for inspection at a public library.

SB388,12 Section 12. 19.32 (2) (c) of the statutes is created to read:

SB388,6,23 19.32 (2) (c) “Record” also includes budgets, meeting minutes, and other information provided by a UW-affiliated organization, as defined in s. 36.11 (59) (a) 3., to an employee of any University of Wisconsin System institution.

SB388,13 Section 13. 19.42 (10) (t) of the statutes is created to read:

SB388,6,25 19.42 (10) (t) A state public official described under sub. (13) (q).

SB388,14 Section 14. 19.42 (13) (q) of the statutes is created to read:

SB388,7,3 19.42 (13) (q) An employee of a University of Wisconsin System institution who is any of the following:

SB388,7,4 1. A chancellor, dean, or director.

SB388,7,5 2. Responsible for signing a contract on behalf of the institution.

SB388,7,7 3. Also an officer or board member of a UW-affiliated organization, as defined in s. 36.11 (59) (a) 3., on an ongoing basis.

SB388,15 Section 15 . 36.09 (1) (f) of the statutes is renumbered 36.09 (1) (f) 1. (intro.) and amended to read:

SB388,7,15 36.09 (1) (f) 1. (intro.) The board shall delegate to each chancellor the necessary authority for the administration and operation of the institution within the policies and guidelines established by the board. The board may also not delegate or rescind other authority to chancellors, committees of the board, administrative officers, members of the faculty and students or such other groups as it deems appropriate. do any of the following:

SB388,16 Section 16. 36.09 (1) (f) 1. a. of the statutes is created to read:

SB388,7,21 36.09 (1) (f) 1. a. Delegate the board's governance powers or duties to the president or a chancellor or administrative officer of an institution. For purposes of this subd. 1. a., “governance powers or duties” mean those powers or duties that rise above duties related to administration or operation, and include the power to approve policies or budgets or to specify the mission of the system or an institution.

SB388,17 Section 17 . 36.09 (1) (f) 1. b. of the statutes is created to read:

SB388,7,25 36.09 (1) (f) 1. b. Delegate the authority to enter into a guaranty, financial agreement, or obligation involving a UW-affiliated organization, as defined in s. 36.11 (59) (a) 3.

SB388,18 Section 18. 36.09 (1) (f) 2. of the statutes is created to read:

SB388,8,5 36.09 (1) (f) 2. Subject to subd. 1., the board may adopt policies that explicitly delegate authority that the board considers appropriate to a committee of the board, an institutional board, a committee of an institution, or any other group that the board considers appropriate.

SB388,19 Section 19 . 36.09 (3) (c) of the statutes is created to read:

SB388,8,16 36.09 (3) (c) A chancellor or administrative officer or other employee of an institution may not make a guaranty or enter into a financial agreement or obligation with a UW-affiliated organization, as defined in s. 36.11 (59) (a) 3. without the express written consent of the board. A violation of this paragraph is malfeasance and a person who commits a violation shall be dismissed for cause. A guaranty, financial agreement, or obligation made or entered into in violation of this paragraph is void and unenforceable, except that the person who made or entered into the guaranty, financial agreement, or obligation is personally liable for any obligation incurred on behalf of an institution in the guaranty, financial agreement, or obligation.

SB388,20 Section 20. 36.11 (59) of the statutes is created to read:

SB388,8,18 36.11 (59) UW-affiliated organizations. (a) Definitions. In this subsection:

SB388,8,20 1. “Name permission” means permission to use an institution's name or a variation of the name.

SB388,8,22 2. “Payment” means payment in cash, goods, services, or any other thing of value.

SB388,8,25 3. “UW-affiliated organization” means an entity, except a state agency, as defined in s. 16.298 (1) (d), and except an authority created under ch. 233 and its affiliated entities, that satisfies all of the following:

SB388,9,1 a. The entity is legally distinct from an institution.

SB388,9,3 b. The entity is organized and operated for the benefit or in support of an institution.

SB388,9,5 c. The entity is provided name permission or use of an institution's space, resources, or employees.

SB388,9,13 (b) Reports. The board shall require each institution to annually report to the board the name permission or use of the institution's space, resources, or employees that the institution provided to UW-affiliated organizations during each year, the payments made by UW-affiliated organizations for that name permission or use, and the difference between the monetary value of those payments and the fair market value of that name permission or use. The reports shall also describe and set forth the monetary value of all payments made by institutions to UW-affiliated organizations.

SB388,9,15 (c) Evaluations. The board shall establish requirements for regularly evaluating the relationship between institutions and UW-affiliated organizations.

SB388,21 Section 21. 36.115 (1) of the statutes is amended to read:

SB388,9,18 36.115 (1) In this section, except sub. (9), “chancellor" means the chancellor of the University of Wisconsin-Madison.

SB388,22 Section 22. 36.115 (9) of the statutes is created to read:

SB388,9,21 36.115 (9) (a) In this subsection, “UW-affiliated organization” has the meaning given in s. 36.11 (59) (a) 3.

SB388,9,24 (b) No individual who is employed by an institution may be employed at the same time by a UW-affiliated organization without the approval of both the chancellor of the institution and the board.

SB388,10,6 (c) An individual who obtains approval under par. (b) may not be compensated by both an institution and a UW-affiliated organization for the same time worked. To ensure compliance with this paragraph, the board shall require individuals employed at institutions other than the University of Wisconsin-Madison and the chancellor of the University of Wisconsin-Madison shall require individuals employed at that institution to report time worked for UW-affiliated organizations.

SB388,10,10 (d) The board and the chancellor of the University of Wisconsin-Madison shall revise the personnel systems developed under subs. (2) and (3) and the employment relations policies and practices established under sub. (7) as necessary to ensure compliance with this subsection.

SB388,23 Section 23 . 36.17 (1) of the statutes is amended to read:

SB388,10,18 36.17 (1) An appointment to a position listed in sub. (2) shall be a limited appointment and the appointment shall, except as provided in s. 36.09 (2) (a), be made by the board and shall be at the pleasure of the board. Notwithstanding s. 39.09 (1) (f), the board may not delegate its authority to make limited appointments. A faculty member who has been granted tenure or a person holding an academic staff appointment under s. 36.15 shall not lose that appointment by accepting a limited appointment.

SB388,24 Section 24. Initial applicability.

SB388,10,23 (1) UW-affiliated organization employment. The treatment of s. 36.115 (9) (b) first applies to University of Wisconsin System employees whose employment by a UW-affiliated organization, as defined in s. 36.11 (59) (a) 3., commences on the effective date of this subsection.

SB388,10,24 (End)