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Bills · 2021-2022 Regular Session

SB 136

Died at session end Official bill text Atom feed

Relating to: loans awarded by the Board of Commissioners of Public lands to ensure municipal utilities maintain liquidity.

Loan Public lands board of commissioners of Public utility

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, the Board of Commissioners of Public Lands manages the

common school fund, the normal school fund, the university fund, and the

agricultural college fund (trust funds). Current law authorizes BCPL to manage and

invest moneys belonging to the trust funds in good faith and with the care an

ordinary prudent person in a like position would exercise under similar

circumstances.

This bill authorizes BCPL to loan moneys belonging to the trust funds to cities,

villages, and towns to ensure that a municipal utility under the control of the city,

village, or town is able to maintain liquidity. A municipal utility is a public utility

that is a city, village, or town or that is wholly owned or operated by a city, village,

or town. Each trust fund loan BCPL awards to a city, village, or town under the bill

is secured in the same manner as other trust fund loans BCPL awards to cities,

villages, and towns under current law. BCPL may not award a loan under the bill

after April 15, 2021.

Sponsors

Introduced by: Agard (D) , Bewley (D) , Carpenter (D) , Erpenbach (D) , Johnson (D) , Larson (D) , Pfaff (D) , Ringhand (D) , Roys (D) , Smith (D) , Wirch (D)

38 cosponsors

Anderson (D) , Andraca (D) , B. Meyers (D) , Baldeh (D) , Billings (D) , Bowen (D) , Brostoff (D) , Cabrera (D) , Conley (D) , Considine (D) , Doyle (D) , Drake (D) , Emerson (D) , Goyke (D) , Haywood (D) , Hebl (D) , Hesselbein (D) , Hintz (D) , Hong (D) , L. Myers (D) , McGuire (D) , Milroy (D) , Moore Omokunde (D) , Neubauer (D) , Ohnstad (D) , Ortiz-Velez (D) , Pope (D) , Riemer (D) , S. Rodriguez (D) , Shankland (D) , Shelton (D) , Sinicki (D) , Snodgrass (D) , Spreitzer (D) , Stubbs (D) , Subeck (D) , Vining (D) , Vruwink (D)

Full history

  1. Feb 24, 2021 · Senate

    Introduced by Senators Bewley, Agard, Carpenter, Erpenbach, Johnson, Larson, Pfaff, Ringhand, Roys, Smith and Wirch; cosponsored by Representatives Hintz, Anderson, Andraca, Baldeh, Billings, Bowen, Brostoff, Cabrera, Conley, Considine, Doyle, Drake, Emerson, Goyke, Haywood, Hebl, Hesselbein, Hong, McGuire, B. Meyers, Milroy, Moore Omokunde, L. Myers, Neubauer, Ohnstad, Ortiz-Velez, Pope, Riemer, S. Rodriguez, Shankland, Shelton, Sinicki, Snodgrass, Spreitzer, Stubbs, Subeck, Vining and Vruwink

  2. Feb 24, 2021 · Senate

    Read first time and referred to Committee on Government Operations, Legal Review and Consumer Protection

  3. Mar 15, 2022 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1