There is created a division of trust lands and investments which is attached to the office of the state treasurer under s. 15.03
. This division is under the direction and supervision of the board of commissioners of public lands.
History: 1995 a. 27
; 1995 a. 225
Duties of state treasurer.
The state treasurer shall:
(1) Have custody of moneys.
Receive and have charge of all moneys paid into the treasury and any other moneys received by officers and employes of state agencies, and pay out the moneys as directed by law, except as provided in ss. 16.52 (7)
, 20.907 (5) (b)
. Checks, share drafts or other drafts on depositories in which moneys may be deposited shall be signed in one of the following methods:
By an assistant state treasurer, appointed as provided in s. 14.62
, in the name of the state treasurer;
In the name of the state treasurer, by any clerk in the treasurer's office designated by the treasurer; or
By placing on a check, share draft or other draft the facsimile signature of the state treasurer adopted by him or her as a facsimile signature. Any depository shall be fully warranted and protected in making payment on any check, share draft or other draft bearing such facsimile notwithstanding that the facsimile may have been placed on the check, share draft or other draft without the state treasurer's authority.
(2) Issue receipts.
Issue receipts for all money paid to the treasurer.
(3) Pay claims as presented.
Pay all claims authorized to be paid out of the treasury in the order in which they are presented, giving a preference to no one.
(4) Pay on warrants sums authorized by law. 14.58(4)(a)(a)
Pay out of the treasury, on demand, upon the warrants of the department of administration, except as provided in s. 20.929
, such sums only as are authorized by law to be so paid, if there are appropriate funds therein to pay the same, and, when any sum is required to be paid out of a particular fund, pay it out of such fund only; and upon each such warrant, when payment is made in currency, take the receipt indorsed on or annexed thereto, of the payee therein named or an authorized agent or assignee. The state treasurer shall accept telephone advice believed by the treasurer to be genuine from any public depository, as defined in s. 34.01 (5)
, stating that a specified amount of money has been deposited with such public depository for the credit of the state treasurer, and shall act upon such telephone advice as though it had been in writing.
When in the judgment of the state treasurer balances in state public depository accounts are temporarily in excess of that required under par. (a)
, the treasurer, with the concurrence of the secretary of administration, may authorize the preparation of a warrant in excess of the funds contained in the investment fund for the purpose of investment only. The earnings attributable to the investment of temporary excess balances shall be distributed as provided in sub. (19)
(5) Account for interest.
Pay into the treasury and account for all sums directly or indirectly received by the treasurer by virtue of the treasurer's office, or as interest or compensation for the use, deposit or forbearance of any state moneys in the treasurer's hands or under the treasurer's control.
(6) Keep cash and fund accounts.
Keep records showing the number, date and amount of each cash receipt issued by the treasurer's office and classify said receipts by state funds; submit a summary statement of collections by fund together with a copy of each remittance advice in support thereof; keep also records showing the check, share draft or other draft number, date, payee and amount of each cash disbursement and classify said disbursements by state funds; keep a record of the date, payee and amount of each disbursement made by a money transfer technique other than a check or draft and classify the disbursement by state fund; and verify at the end of each week the amounts shown by the treasurer's records to represent total cash balance and cash balances of individual state funds by comparing said amounts with corresponding balances appearing on records maintained by the department of administration.
(7) Permit examination of books.
Permit at all times inspection and examination of the books, papers and transactions of the treasurer's office by the governor, secretary of state, attorney general, department of administration or state auditor, or by the legislature, any committee thereof or either house thereof.
(8) Report to governor monthly.
Report to the governor monthly, or oftener if the governor so requires, on:
The total amount of funds in the treasury, specifying in what kind of currency they consist, the amount of each kind, and the amount belonging to each separate fund.
The amounts in each of the state depositories, together with the interest earned thereon.
Any defalcation or neglect of duty of any disbursing or collecting officer or agent of the state.
Any other information pertaining to the duties of the state treasurer, as determined by the state treasurer or required by the governor.
(9) Biennial report.
On or before October 15 of each odd-numbered year, submit to the governor and the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2)
, a report containing the same information required of departments and independent agencies under s. 15.04 (1) (d)
. The report shall also include a statement showing for each of the 2 preceding fiscal years the cash balance in each state fund at the beginning of the fiscal year, the aggregate amount of receipts credited and the aggregate amount of disbursements charged to each said fund during the fiscal year and the resultant cash balance in each state fund at the end of the fiscal year. This statement shall further show as of the end of each said 2 fiscal years, at par, the aggregate value of securities held for each state fund and the aggregate value of securities held in trust or deposited for safekeeping, and shall show the manner in which the total cash balance was accounted for by listing the balances on deposit in each state account in a public depository, deducting from the total of such balances the aggregate amount of checks, share drafts or other drafts outstanding and adding thereto the aggregate amount of cash and cash items in office.
(10) Report certain payments.
Whenever the state treasurer or any state department shall remit to any county, city, town or village any sum in payment of a state aid or other item, the remitter shall transmit a statement of the amount and purpose thereof to the clerk of such municipality. After the receipt thereof, the clerk of such municipality shall present such statement at the next regular meeting of the governing body and shall thereafter file and keep such statement for 6 years.
(11) Make certified copies.
Make a certified copy of any deed, bond, document or paper filed in the treasurer's office, and transcripts from the books and records kept therein, when required by any person so to do; and collect therefor 25 cents per folio, and $1 for such certificate.
(12) Stamp checks and drafts.
Cause to be plainly printed or stamped upon each check, share draft and other draft issued by the state treasurer the period of time, as determined by the state treasurer but not to exceed one year, during which the check or other draft may be presented for payment. The state treasurer shall cancel on his or her records any check or other draft that is not presented for payment within the prescribed time period and shall credit the amount thereof to the fund upon which it is drawn. Notice of such cancellation and credit shall be immediately submitted by the state treasurer to the department of administration.
(13) Services in connection with securities held in trust.
Upon request therefor from any company, corporation, society, order or association which has securities on deposit with the treasurer, in trust, mail to its address not to exceed 60 days before the same become due, any or all interest coupons; return to it any or all bonds, notes or other deposits as they become due and are replaced by other securities; cut all interest coupons, make any indorsement of interest or otherwise on any such securities; and collect therefor from the company, corporation, society, order or association making the request, a 25-cent fee for a single coupon cut, or for each entry of interest indorsed on a note or return of a bond, note or other security, and a 10-cent fee for each additional coupon cut, or entry of interest indorsed on a note, bond or other security, and may withhold any and all coupons cut or refuse indorsement of interest on securities until such fee is paid. Such fees shall be paid into the state treasury as a part of the general fund, and an extra charge may be required for postage or registered mail.
(14) Other duties.
Perform all other duties imposed upon the state treasurer by law.
(17) Safekeeping receipts for federal securities.
Whenever any federal securities are purchased under authority of any law and the state treasurer is custodian thereof the treasurer may accept and hold safekeeping receipts of a federal reserve bank for such securities. Each such receipt shall be identified on its face with the name of the fund to which the securities described in the receipt belong.
(18) Sale of investments.
Whenever the department of administration draws a check, share draft or other draft dated the next following business day upon a fund whose investment and collection is under the exclusive control of the investment board pursuant to s. 25.17 (1)
, and the receipts of the state treasurer are insufficient to permit a disbursement from said fund in the amount of such check, share draft or other draft, the investment board shall sell investments owned by such fund for delivery in time to provide sufficient money to cover such check, share draft or other draft on the date which it bears.
(19) Apportion interest.
Apportion at least quarterly the interest earned on state moneys in all depositories among the several funds as provided in s. 25.14 (3)
, except that earnings attributable to the investment of temporary excess balances under sub. (4) (b)
shall be distributed according to a formula prescribed by the depository selection board. To the maximum extent deemed administratively feasible by the depository selection board, the formula shall approximate the distribution of earnings among funds which would occur if earnings were allocated in proportion to each fund's actual contribution to the earnings. Interest so apportioned shall be added to and become a part of such funds.
(20) Election campaign fund.
Make disbursements to each candidate certified under s. 7.08 (2) (c)
by the elections board as eligible to receive moneys from the Wisconsin election campaign fund.
History: 1971 c. 164
; 1973 c. 333
; 1975 c. 180
; 1977 c. 107
; 1977 c. 196
; 1979 c. 34
; 1981 c. 20
; 1983 a. 27
; 1983 a. 36
s. 96 (2)
; 1983 a. 51
; 1983 a. 189
s. 329 (21)
; 1983 a. 368
; 1985 a. 29
; 1989 a. 31
; 1991 a. 39
; 1995 a. 201
The state treasurer may conduct conferences for the purpose of training county and municipal clerks and treasurers, and employes of their offices, in their official responsibilities. The treasurer may charge participants in any conference a fee for participation which shall not exceed the proportionate cost of conducting the conference. The treasurer shall credit all revenues from fees assessed under this section to the appropriation account under s. 20.585 (1) (h)
History: 1995 a. 27
State treasurer's bond.
The bond of the state treasurer shall extend to the faithful execution of the duties of the office of state treasurer until a successor is elected and fully qualified. If the treasurer elects to give bond guaranteed by a surety company, the cost thereof and of any additional bond required of and furnished by the treasurer and so guaranteed shall be borne by the state and shall be paid out of the appropriation to the office of the state treasurer; if the annual cost thereof does not exceed 0.25% of the amount of said bond.
History: 1991 a. 316
Assistant state treasurer; oath; bond; powers.
The state treasurer may appoint, in writing, an assistant state treasurer to perform any of the duties of the state treasurer, except to serve as a member of the board of commissioners of public lands. The assistant state treasurer shall take and subscribe the oath of office prescribed by article IV, section 28, of the constitution
and shall give bond to the state treasurer in the sum and with the conditions the state treasurer prescribes, conditioned for the faithful discharge of the duties. The oath of the assistant state treasurer and the certificate of appointment shall be filed and preserved in the office of the secretary of state. The state treasurer may require any employe to give bond to the state in the amount and with the conditions the state treasurer prescribes, conditioned for the faithful discharge of their duties. The cost of the bonds shall be charged to the appropriations under s. 20.585
History: 1983 a. 192
INTERSTATE BODIES AND AGREEMENTS
Interstate compacts. 14.76(1)(1)
This section shall apply to the establishment of agreements not affecting the sovereignty of the United States.
Any state agency may agree by compact with other states to apply existing standards for residents to nonresidents if the laws or regulations of the states with which such compacts are made are similarly applied to Wisconsin residents. The compact shall be effective when approved by joint resolution adopted by the legislature.
Any state agency may negotiate compacts with similar agencies in other states relating to the treatment of nonresidents on subjects within its delegated powers but on which no legislation providing standards has been enacted. Such compacts shall be submitted to the legislature and shall be effective when approved as are bills.
Each compact shall as nearly as possible set forth:
The statutory authority for the delegated power under which the agency is proceeding.
The legal effect of the compact as shown by the amendments to statutes and rules in the applicable states required to accomplish the objectives of the compact.
The standards established by the compact.
The procedures contemplated by the compact.
History: 1971 c. 62
; 1983 a. 308
Great Lakes compact commission. 14.78(1)
There is created a Great Lakes compact commission consisting of 3 commissioners appointed by the governor. The commissioners shall be persons having knowledge of and interest in problems of the Great Lakes basin. One commissioner, appointed for an indefinite term, shall be a state officer or employe and shall serve as secretary of the Great Lakes compact commission. The other commissioners shall be appointed for terms of 4 years. The commissioners shall receive no salaries but shall be reimbursed for actual and necessary expenses.
It is the duty of the Wisconsin Great Lakes compact commission:
To represent this state on the Great Lakes commission created by the Great Lakes basin compact ratified and enacted by chapter 275, laws of 1955
, and through such representation to perform the functions of the Great Lakes commission in conjunction with the commissioners of other party states. Whenever a vote is required by the terms of the Great Lakes basin compact, each member of the Wisconsin Great Lakes compact commission is authorized to cast the same proportion of the 3 votes to which the state of Wisconsin is entitled under the compact as each of the other members of the Wisconsin Great Lakes compact commission.
To maintain a continuing investigation of the project of connecting the Great Lakes with the Atlantic ocean by means of the Welland canal and the St. Lawrence river and to urge upon congress the enactment of additional appropriate legislation to enable the full development of such waterway, the commission to work in conjunction with similar commissions in other states and with other interested groups and agencies in the promotion of such project.
To direct and execute a program of education in such form as the commission may determine, in support of the projects for development of the St. Lawrence seaway and the deepening of the Great Lakes connecting channels, using not to exceed the amount of funds appropriated for that purpose.
To report biennially in accordance with s. 15.04 (1) (d)
, and to make such other reports as are requested by the governor or which it deems appropriate.
(3) Financing commission.
The Great Lakes compact commission may annually contribute to the Great Lakes commission not to exceed the amount appropriated for that purpose.
(4) State officers to aid commission.
It is the policy of the state to carry out the Great Lakes basin compact and to accomplish the purposes thereof, and all officers of the state shall do all things falling within their respective jurisdictions necessary or incidental to carrying out such compact. Officers, agencies and employes of the state government shall, at reasonable times and upon the request of the Great Lakes commission, furnish such commission with information and data within their possession and aid such commission by loan of personnel and other means lying within their respective legal powers.
History: 1975 c. 39
; 1977 c. 196
Midwest interstate low-level radioactive waste commission. 14.81(1)(1)
There is created a midwest low-level radioactive waste commission as specified under s. 16.11 (3) (a)
. The member of the commission representing this state shall be nominated by the governor, and with the advice and consent of the senate appointed, to serve at the pleasure of the governor. The commission member representing this state shall receive a per diem of $25, unless he or she is a salaried full-time employe of this state, and shall be reimbursed for actual and necessary expenses incurred in the performance of his or her duties on the commission. Per diem payments and expenses of the commissioner shall be paid from the appropriation under s. 20.505 (1) (g)
. The commission has the powers and duties granted and imposed under s. 16.11
In discharging his or her responsibilities under s. 16.11
, the commission member representing this state shall:
Designate an alternate commission member and notify the governor and legislature of this designation within 30 days after being appointed.
Notify the governor and legislature if:
The commission proposes to impose any liability on the state under s. 16.11
He or she has reason to believe that the state should withdraw from the midwest interstate low-level radioactive waste compact specified in s. 16.11
In negotiating and developing the bylaws, disposal plan and other appropriate documents as a member of the commission, the commission member representing this state shall:
Promote this state's interest in including insurance requirements and an extended care and long-term liability fund as a part of the disposal plan or other appropriate documents.
Encourage the pursuit of sound low-level radioactive waste management practices including minimizing the dependence on the shallow burial of this type of waste.
Promote this state's interest in an equitable distribution and rotation of responsibilities among member states under the compact.
Encourage, to the fullest extent of his or her influence and authority, actions and procedures which permit and encourage full and meaningful public access and participation in the commission's proceedings including informal meetings and meetings of committees and subcommittees of the commission and full and meaningful public access to commission records and documents.
Encourage the establishment of a fee system which provides for adequate compensation to local units of government which are affected by the siting of a regional low-level radioactive waste disposal facility.
Promote the right of this state under s. 16.11 (5) (b)
to have all low-level radioactive wastes generated within its borders, including low-level radioactive wastes generated at the La Crosse boiling water reactor constructed under section 109 of P.L. 87-315
, disposed of at compact facilities, as defined in s. 16.11 (2) (d)
, or any noncompact facility made available by an agreement entered into under s. 16.11 (3) (h) 6.
History: 1983 a. 393
; 1995 a. 115
Boundary area commission.
Any boundary area commission created under this section shall constitute the Wisconsin representation on a boundary area commission created jointly by this state and a neighboring state party to the boundary area compact enacted by section 1
of chapter 274, laws of 1965
, and shall have all the powers and duties granted or imposed by such compact.
There is created a commission of 5 citizens nominated by the governor, and with the advice and consent of the senate appointed, for staggered 5-year terms, to represent this state on the joint Minnesota-Wisconsin boundary area commission. Any vacancy shall be filled for the balance of the unexpired term. To assist the commission, there is created a legislative advisory committee comprising 4 senators and 6 representatives to the assembly appointed as are the members of standing committees in their respective houses, and a technical advisory committee of 2 members appointed by the governor and one member each appointed by the governing board or head of the following agencies, to represent such agencies: the department of justice, the department of administration, the department of agriculture, trade and consumer protection, the department of natural resources, the department of health and family services, the public service commission, the department of tourism and the department of commerce. The members of the commission and the members of its advisory committees shall serve without compensation but shall be reimbursed for actual and necessary expenses incurred in the performance of their duties, from the appropriation made by s. 20.315 (1)
, on vouchers approved by the Wisconsin member of the commission selected to serve as its chairperson or vice chairperson. All other expenses incurred by the commission in the course of exercising its powers and duties, unless met in some other manner specifically provided by statute, shall be paid by the commission out of its own funds.
The commission may appoint subcommittees for the purpose of conducting specific studies under Article III, sec. 3, par. (a)
of the compact enacted by section 1
of chapter 274, laws of 1965
The departments and agencies of this state shall within existing appropriations cooperate with the commission and its advisory committees and subcommittees in the execution of their functions and, upon application by the commission, shall to the best of their respective abilities supply the commission with such staff services as the commission requires.