February 15, 2023 - Introduced by Senator Jacque, cosponsored by Representatives Krug, Andraca, Mursau and Knodl. Referred to Committee on Labor, Regulatory Reform, Veterans and Military Affairs.
SB64,,22An Act to create 20.465 (3) (v), 20.465 (3) (w), 20.465 (3) (x), 25.17 (1) (gg), 25.34 and 323.65 of the statutes; relating to: creating a hazard mitigation revolving loan program and making an appropriation. SB64,,33Analysis by the Legislative Reference Bureau This bill authorizes the Division of Emergency Management in the Department of Military Affairs to enter into an agreement with the Federal Emergency Management Agency (FEMA) to receive federal grant funding for the purpose of establishing a hazard mitigation revolving loan program. The bill creates a separate, nonlapsible trust fund, designated as the Hazard Mitigation Revolving Loan Fund, to accept money from FEMA under the federal Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Act, Public Law 116-284. Under the bill, if DMA enters into such an agreement with FEMA, the secretary of administration must transfer from the general fund to the Hazard Mitigation Revolving Loan Fund an amount equal to 10 percent of any money received from the federal government, and DMA must provide loans to local units of government for hazard mitigation projects in accordance with the requirements of the STORM Act.
For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.
SB64,,44The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SB64,15Section 1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: SB64,26Section 2. 20.465 (3) (v) of the statutes is created to read: SB64,,7720.465 (3) (v) Hazard mitigation revolving loan program; payments. From the hazard mitigation revolving loan fund, all moneys received from the repayment of principal and interest on loans made under s. 323.65, to provide loans under s. 323.65. SB64,38Section 3. 20.465 (3) (w) of the statutes is created to read: SB64,,9920.465 (3) (w) Hazard mitigation revolving loan program; state funds. From the hazard mitigation revolving loan fund, all moneys transferred from the general fund under s. 323.65 (4), to provide loans under s. 323.65. SB64,410Section 4. 20.465 (3) (x) of the statutes is created to read: SB64,,111120.465 (3) (x) Hazard mitigation revolving loan program; federal funds. From the hazard mitigation revolving loan fund, all moneys received from the federal government under 42 USC 5135, to provide loans under s. 323.65. SB64,512Section 5. 25.17 (1) (gg) of the statutes is created to read: SB64,,131325.17 (1) (gg) Hazard mitigation revolving loan fund (s. 25.34); SB64,614Section 6. 25.34 of the statutes is created to read: SB64,,151525.34 Hazard mitigation revolving loan fund. (1) Definition. In this section, “fund” means the hazard mitigation revolving loan fund. SB64,,1616(2) Creation. There is established a separate nonlapsible trust fund designated as the hazard mitigation revolving loan fund, to consist of the following: SB64,,1717(a) All moneys transferred from the general fund under s. 323.65 (4) to the hazard mitigation revolving loan fund. SB64,,1818(b) All moneys received from the federal government under 42 USC 5135, designated for loans under the fund. SB64,,1919(c) All repayments of principal and payments of interest on loans made under s. 323.65 (3). SB64,720Section 7. 323.65 of the statutes is created to read: SB64,,2121323.65 Hazard mitigation revolving loan program. (1) Authorization. The division may enter into an agreement with the federal government as provided in 42 USC 5135, to provide hazard mitigation loans to local units of government under sub. (2). SB64,,2222(2) Establishment. If an agreement is entered into as provided under sub. (1), the division shall establish and administer a hazard mitigation revolving loan program under which the division provides loans to local units of government from the appropriations under s. 20.465 (3) (v), (w), and (x) for the purpose of funding hazard mitigation projects in accordance with the requirements of 42 USC 5135 and the agreement entered into under sub. (1). SB64,,2323(3) Repayments. All repayments of principal and interest on loans provided under any program established under sub. (2) shall be credited to the appropriation account under s. 20.465 (3) (v). SB64,,2424(4) General fund transfers. Beginning on June 30, 2024, in each fiscal year, the secretary of administration shall transfer from the general fund to the hazard mitigation revolving loan fund an amount equal to 10 percent of any moneys received in that fiscal year from the federal government pursuant to an agreement under sub. (1). SB64,825Section 8. Effective date. SB64,,2626(1) This act takes effect on the day after publication, or on the 2nd day after publication of the 2023 biennial budget act, whichever is later.
