Bills · 2009-2010 Regular Session
technical changes that affect the public debt amortization fund of a first class city.
- Introduced, completed
- Passes Assembly, completed
- Passes Senate, completed
- Governor signs, completed
- Law, completed
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
Under current law, a first class city (presently only Milwaukee) has a public
debt amortization fund (fund), which is a segregated fund that is used to help the
city's management of its general obligation debt. The fund is governed by a
commission.
This bill makes a number of technical changes to the operation of the fund.
Currently, the commission's secretary must make an annual report to the common
council about the fund on or about January 15. The bill changes the date to
September 30. Also under current law, and subject to some exceptions, the
commission may use the fund to acquire for cancellation general obligation bonds or
notes of the city prior to the maturity of such debt. Under the bill, the commission
may also use the fund to make interest and principal payments on such debt without
regard to the maturity of the debt.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Votes
Assembly: Report passage recommended by committee on Urban and Local Affairs, Ayes 8, Noes 0
Passed 8–0 May 8, 2009 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Senate: Report concurrence recommended by committee on Labor, Elections and Urban Affairs, Ayes 5, Noes 0
Passed 5–0 Sep 3, 2009 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Full history
- Feb 12, 2009 · Assembly
Introduced by Representatives Fields, Stone, Sinicki, Grigsby, Richards, Staskunas, Kessler, Cullen, Toles and Zepnick;Cosponsored by Senators Plale, Taylor and Darling
- Feb 12, 2009 · Assembly
Read first time and referred to committee on Urban and Local Affairs
- Feb 18, 2009 · Assembly
Fiscal estimate received
- Mar 3, 2009 · Assembly
Fiscal estimate received
- Mar 10, 2009 · Assembly
Public hearing held
- May 5, 2009 · Assembly
Executive action taken
- May 8, 2009 · Assembly
Report passage recommended by committee on Urban and Local Affairs, Ayes 8, Noes 0
- May 8, 2009 · Assembly
Referred to committee on Rules
- May 8, 2009 · Assembly
Placed on calendar 5-13-2009 by committee on Rules
- May 13, 2009 · Assembly
Ordered to a third reading
- May 13, 2009 · Assembly
Rules suspended
- May 13, 2009 · Assembly
Read a third time and passed
- May 13, 2009 · Assembly
Ordered immediately messaged
- May 13, 2009 · Senate
Received from Assembly
- May 13, 2009 · Assembly
Read a second time
- May 18, 2009 · Senate
Read first time and referred to committee on Labor, Elections and Urban Affairs
- Aug 18, 2009 · Senate
Public hearing held
- Sep 2, 2009 · Senate
Executive action taken
- Sep 3, 2009 · Senate
Report concurrence recommended by committee on Labor, Elections and Urban Affairs, Ayes 5, Noes 0
- Sep 3, 2009 · Senate
Available for scheduling
- Sep 16, 2009 · Senate
Placed on calendar 9-22-2009 by committee on Senate Organization
- Sep 22, 2009 · Senate
Read a second time
- Sep 22, 2009 · Senate
Ordered to a third reading
- Sep 22, 2009 · Senate
Rules suspended
- Sep 22, 2009 · Senate
Read a third time and concurred in
- Sep 22, 2009 · Senate
Ordered immediately messaged
- Sep 22, 2009 · Assembly
Received from Senate concurred in
- Sep 30, 2009 · Assembly
Report correctly enrolled
- Oct 6, 2009 · Assembly
Presented to the Governor on 10-5-2009
- Oct 6, 2009 · Assembly
Report approved by the Governor on 10-6-2009. 2009 Wisconsin Act 47
- Oct 9, 2009 · Assembly
Published 10-20-2009