AB1-ASA1-AA1,184,118 186.41 (5) (a) Considering the financial and managerial resources and future
9prospects of the applicant and of the in-state Wisconsin credit union concerned, the
10action would be contrary to the best interests of the members of the in-state
11Wisconsin credit union.

AB1-ASA1-AA1,184,1412 (b) The action would be detrimental to the safety and soundness of the
13applicant or of the in-state Wisconsin credit union concerned, or to a subsidiary or
14affiliate of the applicant or of the in-state Wisconsin credit union.

AB1-ASA1-AA1,184,1915 (c) Because the applicant, its executive officers, or directors have not
16established a record of sound performance, efficient management, financial
17responsibility, and integrity, the action would be contrary to the best interests of the
18creditors, the members or, the other customers of the applicant or of the in-state , the
19Wisconsin credit union, or contrary to the best interests of the public.

AB1-ASA1-AA1,184,2320 (cr) The applicant has failed to propose to provide adequate and appropriate
21services of the type contemplated by the community reinvestment act of 1977 in the
22community in which the in-state Wisconsin credit union which the applicant
23proposes to acquire or merge with is located.

AB1-ASA1-AA1,185,4 3186.45 Non-Wisconsin credit union, Wisconsin offices. (1) Definitions.
4In this section:

AB1-ASA1-AA1,185,65 (a) "Non-Wisconsin credit union" means a credit union organized under the
6laws of and with its principal office located in a state other than this state.

AB1-ASA1-AA1,185,77 (b) "Wisconsin credit union" has the meaning given in s. 186.41 (1) (bm).

AB1-ASA1-AA1,185,12 8(2) Approval. A non-Wisconsin credit union may open an office and conduct
9business as a credit union in this state if the office of credit unions finds that
10Wisconsin credit unions are allowed to do business in the other state under
11conditions similar to those contained in this section and that all of the following apply
12to the non-Wisconsin credit union:

AB1-ASA1-AA1,185,1413 (a) It is a credit union organized under laws similar to the credit union laws of
14this state.

AB1-ASA1-AA1,185,1515 (b) It is financially solvent based upon national board ratings.

AB1-ASA1-AA1,185,1616 (c) It has member savings insured with federal share insurance.

AB1-ASA1-AA1,185,1817 (d) It is effectively examined and supervised by the credit union authorities of
18the state in which it is organized.

AB1-ASA1-AA1,185,2019 (e) It has received approval from the credit union authorities of the state in
20which it is organized.

AB1-ASA1-AA1,185,2221 (f) It has a need to place an office in this state to adequately serve its members
22in this state.

AB1-ASA1-AA1,185,2423 (g) It meets all other relevant standards or qualifications established by the
24office of credit unions.

AB1-ASA1-AA1,186,2

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1(3) Requirements. A non-Wisconsin credit union shall agree to do all of the
2following:

AB1-ASA1-AA1,186,43 (a) Grant loans at rates not in excess of the rates permitted for Wisconsin credit
4unions.

AB1-ASA1-AA1,186,55 (b) Comply with this state's laws.

AB1-ASA1-AA1,186,66 (c) Designate and maintain an agent for the service of process in this state.

AB1-ASA1-AA1,186,10 7(4) Records. As a condition of a non-Wisconsin credit union doing business in
8this state under this section, the office of credit unions may require copies of
9examination reports and related correspondence regarding the non-Wisconsin
10credit union.

AB1-ASA1-AA1,186,13 12186.80 False statements. (1) No officer, director, or employee of a credit
13union may do any of the following:

AB1-ASA1-AA1,186,1514 (a) Willfully and knowingly subscribe to or make, or cause to be made, a false
15statement or entry in the books of the credit union.

AB1-ASA1-AA1,186,1716 (b) Knowingly subscribe to or exhibit false information with the intent to
17deceive any person authorized to examine the affairs of the credit union.

AB1-ASA1-AA1,186,1918 (c) Knowingly make, state, or publish any false report or statement of the credit
19union.

AB1-ASA1-AA1,186,20 20(2) Any person who violates sub. (1) is guilty of a Class F felony.".

AB1-ASA1-AA1,186,2423 196.491 (1) (q) "Ranney well" means a well in which the central shaft is fed by
24horizontal perforated pipes extending radially into an aquifer.

AB1-ASA1-AA1,187,42 196.491 (1) (s) "Residential well" means a residential well on which
3construction has commenced before the date that a person provides the department
4with an engineering plan under sub. (3) (a) 3. a.

AB1-ASA1-AA1,187,96 196.491 (1) (u) "Water withdrawing large electric generating facility" means
7a large electric generating facility that withdraws water from underground sources
8and for which the capacity and rate of withdrawal of all wells serving the facility,
9except for Ranney wells, exceeds 100,000 gallons per day.

AB1-ASA1-AA1,187,2111 196.491 (3) (a) 3. a. At least 60 days before a person files an application under
12subd. 1., the person shall provide the department with an engineering plan showing
13the location of the facility, a description of the facility, including the major
14components of the facility that have a significant air, water, or solid waste pollution
15potential, and a description of the anticipated effects of the facility on air and water
16quality, and, if the application is for a water withdrawing large electric generating
17facility, a description of the anticipated effects of the facility on residential wells.
18Within 30 days after a person provides an engineering plan, the department shall
19provide the person with a listing of each department permit or approval which, on
20the basis of the information contained in the engineering plan, appears to be required
21for the construction or operation of the facility.

AB1-ASA1-AA1,188,1723 196.491 (3) (a) 3. b. Within 20 days after the department provides a listing
24specified in subd. 3. a. to a person, the person shall apply for the permits and
25approvals identified in the listing. The department shall determine whether an

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1application under this subd. 3. b. is complete and, no later than 30 days after the
2application is filed, notify the applicant about the determination. If the department
3determines that the application is incomplete, the notice shall state the reason for
4the determination. An applicant may supplement and refile an application that the
5department has determined to be incomplete. There is no limit on the number of
6times that an applicant may refile an application under this subd. 3. b. If the
7department fails to determine whether an application is complete within 30 days
8after the application is filed, the application shall be considered to be complete. The
9department shall complete action on an application under this subd. 3. b. for any
10permit or approval that is required prior to construction of a facility within Within
11120 days after the date on which the application is determined or considered to be
12complete, the department shall complete action on the application for any permit or
13approval that is required prior to construction of the facility and, if the application
14is for a water withdrawing large electric generating facility, shall determine whether
15the facility will substantially reduce the availability of water to a residential well or
16cause a preventive action limit established under s. 160.15 to be exceeded in water
17produced by a residential well.

AB1-ASA1-AA1,188,2420 196.491 (3) (e) (intro.) If the application does not meet the criteria under par.
21(d), the commission shall reject the application or approve the application with such
22modifications as are necessary for an affirmative finding under par. (d). The
23commission may not issue a certificate of public convenience and necessity until the
24unless each of the following is satisfied:

AB1-ASA1-AA1,189,2

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11. The department has issued all permits and approvals identified in the listing
2specified in par. (a) 3. a. that are required prior to construction.

AB1-ASA1-AA1,189,84 196.491 (3) (e) 2. If the application is for a water withdrawing large electric
5generating facility, the department has determined under par. (a) 3. b. that the
6facility will not substantially reduce the availability of water to a residential well and
7will not cause a preventive action limit established under s. 160.15 to be exceeded
8in water produced by a residential well.".

AB1-ASA1-AA1,189,12 11196.374 (title) Low-income assistance, energy efficiency and other
12programs.

AB1-ASA1-AA1,189,1815 196.374 (2) The commission shall determine the amount that each utility spent
16in 1998 on programs for each of the following: (a) Low-income low-income
17assistance, including low-income weatherization and writing off uncollectibles and
18arrearages.

AB1-ASA1-AA1,190,1223 197.04 (1) (b) If within either of the 90-day periods described in par. (a) a
24petition conforming to the requirements of s. 8.40 is filed with the clerk of the

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1municipality as provided in s. 8.37 and the petition has been signed by 5% of the
2electors of a 1st class city or by 10% of the electors of all other municipalities
3requesting that the question of discontinuing the proceeding to acquire the plant or
4equipment of the public utility be submitted to the electors of the municipality, the
5applicable question under par. (c) shall be submitted to the electors at any general
6or regular municipal the succeeding election authorized under s. 8.065 (2) or an
7election authorized under s. 8.065 (3) that is held not less than 42 and not more than
847 days from the date of the filing of the petition. If no general election or regular
9municipal election is to be held within the stated periods, the governing body of the
10municipality shall order the holding of a special election, to be held not less than 42
11days from the date of filing of the petition, for the purpose of submitting the question
12to the electors.

AB1-ASA1-AA1,190,22 13(2) The governing body of the municipality may provide for notice of, the
14manner of holding, the method of voting on, the method of making returns of, and
15the method of canvassing and determining the result of, the election required under
16sub. (1). Notice of the election to the electors shall be given by a brief notice of that
17fact once a week for 3 weeks in some newspaper of general circulation published in
18the municipality. If no newspaper of general circulation is published in the
19municipality, publication may be made in any newspaper of general circulation in the
20county seat of the county in which the municipality is located. The notice of holding
21any special election shall be incorporated as a part of the notice given under this
22subsection.

AB1-ASA1-AA1,191,1124 197.10 (2) Such contract when adopted by the common council of said city and
25accepted by the owner or owners of such public utility shall be submitted to the public

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1service commission for its approval and upon such approval the same shall be filed
2as provided in s. 8.37 and submitted in such manner as the common council shall
3determine to a vote of the electors of such city at the next regular municipal election
4or at a special election called for that purpose authorized under s. 8.065 (2) or an
5election authorized under s. 8.065 (3) to be held not sooner than 45 days after
6approval of the commission, and such contract shall not become binding upon such
7city until approved by a majority vote of the qualified electors of such city voting
8thereon. No bonds shall in any case be issued by said city under the contract or
9contracts mentioned in sub. (1), until the proposition of their issue shall have been
10submitted to the people of such city and adopted by a majority of the electors voting
11thereon.

AB1-ASA1-AA1,192,213 198.19 (1) Any territory, constituting one or more municipalities contiguous to
14a district may be annexed to and become a part of such district to all intents and
15purposes and with like effect as though originally included therein upon such terms
16and conditions as the board of directors of the district shall fix by ordinance adopted
17by the affirmative vote of two-thirds of the directors-elect, provided that before such
18ordinance becomes effective the same shall be accepted and ratified by the
19affirmative vote of a majority of the qualified electors entitled to vote and voting in
20a special election referendum called and held for that purpose, in accordance with
21s. 8.065, in each municipality proposed in such ordinance to be annexed to the
22district. Such ordinance shall be published and such election shall be noticed, held
23and conducted, as nearly as may be, in the manner provided by this chapter for the
24noticing, holding and conduct of elections upon the organization of a municipal power
25district, except that the returns of such election and the ballots therein shall be

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1delivered to the clerk of the district. The results of said election shall be canvassed
2publicly by the directors of the district.".

AB1-ASA1-AA1,192,75 220.04 (9) (a) 2. "Regulated entity" means a bank, universal bank, trust
6company bank, and any other entity which that is described in s. 220.02 (2) or
7221.0526 as under the supervision and control of the division.".

AB1-ASA1-AA1,192,1110 220.14 (5) Contain a statement of the total number of orders issued by the
11division during the year under s. 222.0203 (2).".

AB1-ASA1-AA1,192,19 18222.0101 Title. This chapter may be cited as the "Wisconsin universal bank
19law."

AB1-ASA1-AA1,192,20 20222.0102 Definitions. In this chapter:

AB1-ASA1-AA1,192,23 21(1) "Capital" of a universal bank means the sum of the following, less the
22amount of intangible assets that is not considered to be qualifying capital by a deposit
23insurance corporation or the division:

AB1-ASA1-AA1,193,5

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1(a) For a universal bank organized as a stock organization, the universal bank's
2capital stock, preferred stock, undivided profits, surplus, outstanding notes and
3debentures approved by the division, other forms of capital designated as capital by
4the division, and other forms of capital considered to be qualifying capital of the
5universal bank by a deposit insurance corporation.

AB1-ASA1-AA1,193,106 (b) For a universal bank organized as a mutual organization, the universal
7bank's net worth, undivided profits, surplus, outstanding notes and debentures
8approved by the division, other forms of capital designated as capital by the division,
9and other forms of capital considered to be qualifying capital by a deposit insurance
10corporation.

AB1-ASA1-AA1,193,14 11(2) "Deposit insurance corporation" means the Federal Deposit Insurance
12Corporation or other instrumentality of, or corporation chartered by, the United
13States that insures deposits of financial institutions and that is supported by the full
14faith and credit of the U.S. government as stated in a congressional resolution.

AB1-ASA1-AA1,193,15 15(3) "Division" means the division of banking.

AB1-ASA1-AA1,193,18 16(4) "Financial institution" means a state savings bank organized under ch. 214,
17state savings and loan association organized under ch. 215, or state bank chartered
18under ch. 221.

AB1-ASA1-AA1,193,20 19(5) "Universal bank" means a financial institution that has been issued a
20certificate of authority under s. 222.0205.

AB1-ASA1-AA1,193,21 21(6) "Well-capitalized" has the meaning given in 12 USC 1831o (b) (1) (A).

AB1-ASA1-AA1,194,2 22222.0103 Applicability. (1) Savings banks. A universal bank that is a savings
23bank organized under ch. 214 remains subject to all of the requirements, duties, and
24liabilities, and may exercise all of the powers, of a savings bank, except that, in the

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1event of a conflict between this chapter and those requirements, duties, liabilities,
2or powers, this chapter shall control.

AB1-ASA1-AA1,194,7 3(2) Savings and loan associations. A universal bank that is a savings and loan
4association organized under ch. 215 remains subject to all of the requirements,
5duties, and liabilities, and may exercise all of the powers, of a savings and loan
6association, except that, in the event of a conflict between this chapter and those
7requirements, duties, liabilities, or powers, this chapter shall control.

AB1-ASA1-AA1,194,11 8(3) Banks. A universal bank that is a bank chartered under ch. 221 remains
9subject to all of the requirements, duties, and liabilities, and may exercise all of the
10powers, of a bank, except that, in the event of a conflict between this chapter and
11these requirements, duties, liabilities, or powers, this chapter shall control.

AB1-ASA1-AA1,194,14 12222.0105 Fees. The division may establish such fees as it determines are
13appropriate for documents filed with the division under this chapter and for services
14provided by the division under this chapter.

AB1-ASA1-AA1,194,16 15222.0107 Administration. (1) Powers of division. The division shall
16administer this chapter for all universal banks.

AB1-ASA1-AA1,194,21 17(2) Rule-making authority. The division may promulgate rules to administer
18and carry out this chapter. The division may establish additional limits or
19requirements on universal banks, if the division determines that the limits or
20requirements are necessary for the protection of depositors, members, investors, or
21the public.

AB1-ASA1-AA1,195,3 24222.0201 Procedure. (1) Application. A financial institution may apply to
25become certified as a universal bank by filing a written application with the division.

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1The application shall include all information required by the division. The
2application shall be on the forms and in accordance with the procedures prescribed
3by the division.