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AB553,3,15 14a. The project results in the avoidance of, or reduction in, energy costs or
15operational costs, the.
AB553,3,17 16b. The project is governed by a performance contract entered into under s.
1766.0133, and the.
AB553,3,21 18c. Any bond or note issued or state trust fund loan obtained to finance the
19project is issued for a term not exceeding 20 years, 80 percent of the useful life of the
20energy conservation measures, or 80 percent of the useful life of the facility at which
21the project is implemented, whichever is shorter
.
AB553,3,25 221c. If a school board issues a bond or note or obtains a state trust fund loan to
23finance a project described in this subdivision subd. 1., a resolution adopted by a
24school board under this subdivision subd. 1. is valid for each school year in which the
25school board pays debt service on the bond, note, or state trust fund loan.
AB553,3
1Section 3. 121.91 (4) (o) 1e. of the statutes is created to read:
AB553,4,62 121.91 (4) (o) 1e. At least 30 days before voting on a resolution under subd. 1.
3to exceed the school district's revenue limit, a school board shall hold a public hearing
4on the resolution. At least 10 days before the public hearing, the school board shall
5publish a class 1 notice, under ch. 985, of the public hearing. A school board shall
6include all of the following items in the agenda for the public hearing:
AB553,4,87 a. A detailed description of the project, including a description of the energy
8conservation measures to be purchased or implemented.
AB553,4,109 b. Each facility that will be impacted by the project, including each facility at
10which energy conservation measures will be used or installed.
AB553,4,1111 c. The projected principle cost of the energy conservation measures.
AB553,4,1212 d. The projected debt service cost of the energy conservation measures.
AB553,4,1313 e. The total cost of the energy conservation measures.
AB553,4,1514 f. The projected amount of time for the total energy or operational savings and
15avoided costs to exceed the total cost of the energy conservation measures.
AB553,4,1616 g. The projected useful life of the energy conservation measures.
AB553,4,1817 h. The projected useful life of each facility at which energy conservation
18measures will be made or installed.
AB553,4,2119 i. The utility cost savings and the operational cost savings attributable to the
20energy conservation measures. In calculating savings under this subd. 1e. i., a school
21board may not include savings related to avoiding secondary damage.
AB553,5,222 j. The avoided inflationary costs and the avoided operational productivity costs
23attributable to the energy conservation measures. In calculating avoided
24inflationary costs under this subd. 1e. j., a school board shall use a standard that is

1widely accepted in the midwest region to measure construction cost industry
2inflation.
AB553,4 3Section 4. 121.91 (4) (o) 1h. of the statutes is created to read:
AB553,5,54 121.91 (4) (o) 1h. A school board that passes a resolution under subd. 1. shall
5submit a report to the department that includes all of the following:
AB553,5,66 a. The name of the school district.
AB553,5,77 b. The board vote on the resolution.
AB553,5,108 c. The projected amount and percentage of the bond, note, or state trust fund
9loan obtained to finance the project that will be repaid from utility and operational
10cost savings.
AB553,5,1311 d. The projected amount and percentage of the bond, note, or state trust fund
12loan obtained to finance the project that will be repaid by increasing the property tax
13levy.
AB553,5,1414 e. The information under subd. 1e. a. to j.
AB553,5,1715 f. A certified statement signed by the school board president and the school
16district administrator that states that the school board considered and made a good
17faith effort to comply with the requirements under this paragraph.
AB553,5 18Section 5. 121.91 (4) (o) 3. of the statutes is amended to read:
AB553,5,2219 121.91 (4) (o) 3. If a school district issues a bond or note or obtains a state trust
20fund loan to finance a project described in subd. 1. and the school district's utility or
21operational
costs are measurably reduced as a result of the project, the school board
22shall use the savings to retire the bond, note, or state trust fund loan.
AB553,6 23Section 6. 121.91 (4) (o) 4. of the statutes is amended to read:
AB553,6,224 121.91 (4) (o) 4. Unless the resolution is adopted before January 1, 2018, subd.
251.
This paragraph applies only to a resolution adopted after December 3018 the

1effective date of this subdivision .... [LRB inserts date]. A resolution adopted under
2s. 121.91 (4) (o) 1., 2017 stats., before January 1, 2018, remains valid
.
AB553,7 3Section 7. Nonstatutory provisions.
AB553,6,94 (1) Audit of the use of the energy efficiency revenue limit exemption. The
5legislative audit bureau is requested to conduct, on or after July 1, 2022, a
6performance evaluation audit of the use of the revenue limit exemption under s.
7121.91 (4) (o) by school districts during the two school years following the effective
8date of this subsection. If the bureau performs the audit, the bureau shall file a report
9of its findings as provided in section 13.94 (1) (b) of the statutes.
AB553,6,1010 (End)
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