AB 787 — Relating to: loan to the Greater Green Bay Convention and Visitor Bureau for the construction of a visitor information and education center and authorizing general fund supported borrowing to fund the loan. (FE)

- 2020 LEGISLATURE LRBs0299/1LRB-5128/1 MPG:skwMPG:amn ASSEMBLY SUBSTITUTEBILL AMENDMENT787 1,January TO22, ASSEMBLY2020 BILL- 787Introduced Februaryby 20,Representatives 2020TAUCHEN -, OfferedSTEFFEN , ITCHENS , M ACCO, MURSAU , OHRKASTE , TEINEKE , ITTL, USLER , RUSZYNSKI and STUCK , cosponsored by RepresentativeSenators AUCHEN.J ACQUE and C OWLES .

AReferred N A CT to amendCommittee 13.48on (20m)Tourism. (c);

andA toN createA 13.48CT (20m)to (dm)create 16.299 of the statutes;

loan to the Greater Green Bay Convention and Visitor Bureau for the construction of a visitor information and education center.center and authorizing general fund supported borrowing to fund the loan.

Analysis by the Legislative Reference Bureau UnderThis currentbill law,requires the BuildingDepartment Commissionof mayAdministration authorizeto upaward toan $25,000,000interest-free loan in generalthe fundamount supportedof borrowing$2,000,000 to the Greater Green Bay Convention and Visitor Bureau to assist in the construction of projectsa havingvisitor ainformation publicand purpose.education center located in Brown County.

ThisThe bill authorizes the$2,000,000 Buildingin Commissiongeneral tofund usesupported that borrowing authority to awardfinance an interest-free loan in the amountloan. of $2,000,000 to the Greater Green Bay Convention and Visitor Bureau to assist in the construction of a visitor information and education center located in Brown County.

Under 2019 Wisconsin Act 9, the biennial budget act, the Building Commission is authorized to award moneys for construction projects having a public purpose and may authorize up to $25,000,000 in general fund supported borrowing for that purpose.

This bill delegates to DOA the Building Commission's authority to make such an award for purposes of the loan under the bill.

The bill also authorizes $2,000,000 in general fund supported borrowing in lieu of the Building Commission doing so pursuant to Act 9.

Under the bill, DOA, with the advice of bond counsel, establishes appropriate terms and conditions for contracting the public debt authorized in the bill and supervises all matters relating to contracting the debt.

- 2020 Legislature - 2 - LRB-5128/1 MPG:amn ASSEMBLY BILL 787 For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.

SSECTION ECTION 1.

13.4816.299 (20m) (c) of the statutes,statutes as created by 2019 Wisconsin Act 9, is amendedcreated to read:

LRBs0299/116.299 -Loan 2020for Legislaturevisitor -information 2and -education MPG:skwcenter. SECTION 1 13.48 (20m) (c) The building commission may authorize up to $25,000,000 in general fund supported borrowing under par.

(b),(1) includingThe $2,000,000legislature forfinds and determines that the projecttourism specifiedindustry is of vital importance in par.creating jobs and contributing to economic development and tourism in this state and is a statewide responsibility of statewide dimension.

(dm) 1.

SECTION 2.

13.48 (20m) (dm) of the statutes is created to read:

13.48 (20m) (dm) 1.

The legislature finds and determines that the tourism industry is of vital importance in creating jobs and contributing to economic development and tourism in this state and is a statewide responsibility of statewide dimension.

2.(2) In the 2019-21 fiscal biennium and from the general fund supported borrowing authorized under 2019 Wisconsin Act ....

In(this theact), 2019-21section fiscal2 biennium,(1), the buildingdepartment commission shall award a loan in the amount of $2,000,000 to the Greater Green Bay Convention and Visitor Bureau for the purpose of assisting the project specified in subd.sub.

1.(1).

SECTION 2.0Nonstatutory provisions.

(1) BORROWING AUTHORIZATION FOR LOAN TO TGREATER GREEN BAY CONVENTION ANDV ISITORBUREAU.

(a) The legislature finds and determines that the project specified in s.

16.299 (1) is a project within the meaning of s.

13.48 (20m).

(b) Notwithstanding ss.

18.03 and 18.04, of the amount specified in s.

13.48 (20m) (c), there is authorized by law $2,000,000 in general fund supported borrowing LRB-5128/1 - 2020 Legislature - 3 - MPG:amn SECTION 2 ASSEMBLY BILL 787 for the purpose of awarding the loan under s.

16.299.

The authority of the building commission to make an award under s.

13.48 (20m) is hereby delegated to the department of administration for the purpose of awarding the loan under s.

16.299.

Accordingly, for purposes of ss.

20.866 (2) (zcw) and 20.867 (3) (cw), the loan shall be considered an award of the building commission under s.

13.48 (20m).

(c) This subsection shall be an authorizing resolution for purposes of s.

18.06, except that the building commission has no authority under s.