AB553: Bill Text

AB553,3,15 a. The project results in the avoidance of, or reduction in, energy costs or operational costs, the.

AB553,3,17 b. The project is governed by a performance contract entered into under s. 66.0133, and the.

AB553,3,21 c. Any bond or note issued or state trust fund loan obtained to finance the project is issued for a term not exceeding 20 years, 80 percent of the useful life of the energy conservation measures, or 80 percent of the useful life of the facility at which the project is implemented, whichever is shorter.

AB553,3,25 1c. If a school board issues a bond or note or obtains a state trust fund loan to finance a project described in this subdivision subd. 1., a resolution adopted by a school board under this subdivision subd. 1. is valid for each school year in which the school board pays debt service on the bond, note, or state trust fund loan.

AB553,3 Section 3. 121.91 (4) (o) 1e. of the statutes is created to read:

AB553,4,6 121.91 (4) (o) 1e. At least 30 days before voting on a resolution under subd. 1. to exceed the school district's revenue limit, a school board shall hold a public hearing on the resolution. At least 10 days before the public hearing, the school board shall publish a class 1 notice, under ch. 985, of the public hearing. A school board shall include all of the following items in the agenda for the public hearing:

AB553,4,8 a. A detailed description of the project, including a description of the energy conservation measures to be purchased or implemented.

AB553,4,10 b. Each facility that will be impacted by the project, including each facility at which energy conservation measures will be used or installed.

AB553,4,11 c. The projected principle cost of the energy conservation measures.

AB553,4,12 d. The projected debt service cost of the energy conservation measures.

AB553,4,13 e. The total cost of the energy conservation measures.

AB553,4,15 f. The projected amount of time for the total energy or operational savings and avoided costs to exceed the total cost of the energy conservation measures.

AB553,4,16 g. The projected useful life of the energy conservation measures.

AB553,4,18 h. The projected useful life of each facility at which energy conservation measures will be made or installed.

AB553,4,21 i. The utility cost savings and the operational cost savings attributable to the energy conservation measures. In calculating savings under this subd. 1e. i., a school board may not include savings related to avoiding secondary damage.

AB553,5,2 j. The avoided inflationary costs and the avoided operational productivity costs attributable to the energy conservation measures. In calculating avoided inflationary costs under this subd. 1e. j., a school board shall use a standard that is widely accepted in the midwest region to measure construction cost industry inflation.

AB553,4 Section 4. 121.91 (4) (o) 1h. of the statutes is created to read:

AB553,5,5 121.91 (4) (o) 1h. A school board that passes a resolution under subd. 1. shall submit a report to the department that includes all of the following:

AB553,5,6 a. The name of the school district.

AB553,5,7 b. The board vote on the resolution.

AB553,5,10 c. The projected amount and percentage of the bond, note, or state trust fund loan obtained to finance the project that will be repaid from utility and operational cost savings.

AB553,5,13 d. The projected amount and percentage of the bond, note, or state trust fund loan obtained to finance the project that will be repaid by increasing the property tax levy.

AB553,5,14 e. The information under subd. 1e. a. to j.

AB553,5,17 f. A certified statement signed by the school board president and the school district administrator that states that the school board considered and made a good faith effort to comply with the requirements under this paragraph.

AB553,5 Section 5. 121.91 (4) (o) 3. of the statutes is amended to read:

AB553,5,22 121.91 (4) (o) 3. If a school district issues a bond or note or obtains a state trust fund loan to finance a project described in subd. 1. and the school district's utility or operational costs are measurably reduced as a result of the project, the school board shall use the savings to retire the bond, note, or state trust fund loan.

AB553,6 Section 6. 121.91 (4) (o) 4. of the statutes is amended to read:

AB553,6,2 121.91 (4) (o) 4. Unless the resolution is adopted before January 1, 2018, subd. 1. This paragraph applies only to a resolution adopted after December 3018 the effective date of this subdivision .... [LRB inserts date]. A resolution adopted under s. 121.91 (4) (o) 1., 2017 stats., before January 1, 2018, remains valid.

AB553,7 Section 7. Nonstatutory provisions.

AB553,6,9 (1) Audit of the use of the energy efficiency revenue limit exemption. The legislative audit bureau is requested to conduct, on or after July 1, 2022, a performance evaluation audit of the use of the revenue limit exemption under s. 121.91 (4) (o) by school districts during the two school years following the effective date of this subsection. If the bureau performs the audit, the bureau shall file a report of its findings as provided in section 13.94 (1) (b) of the statutes.

AB553,6,10 (End)