This is the preview version of the Wisconsin State Legislature site.
Please see http://docs.legis.wisconsin.gov for the production version.
AB596,3 22Section 3. 66.0440 of the statutes is created to read:
AB596,4,23 2366.0440 (1) Definitions. In this section:
AB596,5,3
1(a) “Access box” means any box that is installed in or on a building and that is
2designed to hold keys or access codes to the building for use by emergency
3responders.
AB596,5,44 (b) “Financial institution” has the meaning given in s. 705.01 (3).
AB596,5,55 (c) “Local governmental unit” has the meaning given in s. 66.0137 (1) (as).
AB596,5,8 6(2) No local governmental unit may enact or enforce an ordinance that requires
7a financial institution to install or use an access box in or on any building owned or
8occupied by a financial institution.
AB596,4 9Section 4. 67.12 (12) (a) of the statutes is amended to read:
AB596,5,1910 67.12 (12) (a) Any municipality may issue promissory notes as evidence of
11indebtedness for any public purpose, as defined in s. 67.04 (1) (b), including but not
12limited to paying any general and current municipal expense, and refunding any
13municipal obligations, including interest on them. Each note, plus interest if any,
14shall be repaid within 10 years after the original date of the note, except that notes
15issued under this section for purposes of ss. 119.498, 281.58, 281.59, 281.60, 281.61,
16and 292.72, issued to raise funds to pay a portion of the capital costs of a metropolitan
17sewerage district, or issued by a 1st class city or a county having a population of
18750,000 or more, to pay unfunded prior service liability with respect to an employee
19retirement system, shall be repaid
within 20 years after the original date of the note.
AB596,5 20Section 5. 101.02 (7m) of the statutes is created to read:
AB596,5,2121 101.02 (7m) (a) Definitions. In this subsection:
AB596,5,2422 1. “Access box” means any box that is installed in or on a building and that is
23designed to hold keys or access codes to the building for use by emergency
24responders.
AB596,5,2525 2. “Financial institution” has the meaning given in s. 705.01 (3).
AB596,6,1
13. “Local governmental unit” has the meaning given in s. 66.0137 (1) (as).
AB596,6,52 (b) Notwithstanding subs. (1) (b) and (15) (h) to (j), the department may not
3require, and notwithstanding subs. (7) (a) and (7r), no local governmental unit may
4enact or enforce an ordinance that requires, a financial institution to install or use
5an access box in or on any building owned or occupied by a financial institution.
AB596,6 6Section 6. 705.04 (2) (intro.) of the statutes is amended to read:
AB596,6,97 705.04 (2) (intro.) If Except as provided in s. 705.06 (2m), if the account is a
8P.O.D. account, on the death of the original payee or the survivor of 2 or more original
9payees, all of the following apply:
AB596,7 10Section 7 . 705.04 (2g) of the statutes is amended to read:
AB596,6,1811 705.04 (2g) Notwithstanding subs. (1) and (2) and s. 705.06 (2m), the
12department of health services may collect, from funds of a decedent that are held by
13the decedent immediately before death in a joint account or a P.O.D. account, an
14amount equal to the medical assistance that is recoverable under s. 49.496 (3) (a), an
15amount equal to aid under s. 49.68, 49.683, 49.685, or 49.785 that is recoverable
16under s. 49.682 (2) (a) or (am), or an amount equal to long-term community support
17services under s. 46.27, 2017 stats., that is recoverable under s. 46.27 (7g) (c) 1., 2017
18stats., and that was paid on behalf of the decedent or the decedent's spouse.
AB596,8 19Section 8. 705.06 (2m) of the statutes is created to read:
AB596,7,420 705.06 (2m) If a financial institution has any lien right, right to setoff, or
21security interest in a P.O.D. account resulting from the financial institution's loan
22or other extension of credit to an original payee, on the death of the original payee
23or the survivor of 2 or more original payees, the financial institution may retain
24control of all sums on deposit in the P.O.D. account to the extent necessary to exercise
25its lien right or right to setoff or to protect its security interest or may tender such

1sums to a court and seek a court determination, but shall pay any remaining balance
2of the sums on deposit to the P.O.D. beneficiary or beneficiaries as provided in s.
3705.04 (2). This subsection applies notwithstanding any limitation on the rights of
4creditors under s. 705.07 (1).
AB596,9 5Section 9. 705.06 (3) of the statutes is amended to read:
AB596,7,86 705.06 (3) The protection provided by this section subs. (1) and (2) shall have
7no bearing on the rights of parties or their successors in disputes concerning the
8beneficial ownership of funds in or withdrawn from an account.
AB596,10 9Section 10 . DFI-Bkg 14.03 of the administrative code is repealed.
AB596,11 10Section 11 . DFI-CU 63.03 of the administrative code is repealed.
AB596,12 11Section 12 . DFI-SB 12.03 of the administrative code is repealed.
AB596,13 12Section 13 . DFI-SL 12.03 of the administrative code is repealed.
AB596,14 13Section 14 . Initial applicability.
AB596,7,1514 (1) Public deposit losses. The treatment of s. 34.08 (2) first applies to losses,
15as defined in s. 34.01 (2), occurring on the effective date of this subsection.
AB596,15 16Section 15 . Effective dates. This act takes effect on the day after publication,
17except as follows:
AB596,7,2018 (1) Administrative rules. The repeal of sections DFI-Bkg 14.03, DFI-CU
1963.03, DFI-SB 12.03, and DFI-SL 12.03 of the administrative code takes effect as
20provided in s. 227.265.
AB596,7,2121 (End)
Loading...
Loading...