24.60 (1) “Consortium" means an association of 2 or more of any of the following entities for the purpose of implementing, expanding or participating in a distance education or educational technology project:
(a) A school district.
(b) A technical college district.
(c) A county, if the county acts on behalf of a county library board that has adopted a resolution under s. 24.66 (3m).
(d) A city, village or town, if the city, village or town acts on behalf of a municipal library board that has adopted a resolution under s. 24.66 (3m).
(1g) “Distance education" has the meaning given in s. 16.992 (1) (b).
(1r) “Educational technology" has the meaning given in s. 16.992 (1) (c).
27,1367
Section 1367
. 24.61 (2) (a) 6. of the statutes is created to read:
24.61 (2) (a) 6. Bonds of the University of Wisconsin Hospitals and Clinics Authority.
27,1368
Section 1368
. 24.61 (3) (a) 9. of the statutes is created to read:
24.61 (3) (a) 9. A consortium.
27,1368b
Section 1368b. 24.61 (3) (a) 10. of the statutes is created to read:
24.61 (3) (a) 10. A cooperative educational service agency representing 2 or more school districts in the area served by the agency for the purpose of conducting a distance education project by the school districts.
27,1368c
Section 1368c. 24.61 (3) (b) of the statutes is amended to read:
24.61 (3) (b) Terms; conditions. A municipality or cooperative educational service agency may borrow from the board or from moneys belonging to the trust funds obtain a state trust fund loan for the sum of money, for the time and upon the conditions as may be agreed upon between the board and the borrower subject to the limitations, restrictions and conditions set forth in this subchapter.
27,1369
Section 1369
. 24.61 (3) (c) 2. a. of the statutes is amended to read:
24.61 (3) (c) 2. a. The school board is subject to an order issued by the state superintendent department of public instruction education under s. 115.33 (3) after December 31, 1991, regarding noncompliance with the standard under s. 121.02 (1) (i).
27,1369m
Section 1369m. 24.61 (3) (d) of the statutes is created to read:
24.61 (3) (d) Reserve for loans for educational technology and distance education projects. Subject to the priority established under par. (c), to the extent practicable, in fiscal years 1996-97 to 1999-2000, annually the board shall reserve $15,000,000 for the purposes of giving priority to loans to school districts, counties, municipalities and consortia, other than consortia that include one or more technical college districts, for educational technology and distance education projects under s. 16.992.
27,1370
Section 1370
. 24.61 (5) of the statutes is created to read:
24.61 (5) Loans to consortia or cities, villages or towns served by joint library boards. Whenever a consortium applies for a loan under sub. (3), or whenever a group of cities, villages or towns served by a joint county or municipal library board applies for a loan for an educational technology or distance education project, the board shall treat the application as a loan to each of the members of the consortium or each city, village or town served by a county or municipal library board in an amount equal to the total amount of the loan divided equally by the number of members of the consortium or the number of cities, villages and towns served by the library board, unless all members of the consortium or all cities, villages and towns served by a joint library board agree to a different arrangement specified by the members or cities, villages and towns on their applications. The procedure for application, approval and repayment of the loan by each member of a consortium or group under this subsection shall be the same as provided in this subchapter for application, approval and repayment of a loan to that member individually, except that the loan shall not be made unless all members qualify.
27,1370g
Section 1370g. 24.61 (6) of the statutes is created to read:
24.61 (6) Educational technology or distance education loans. The board shall not make a state trust fund loan to a school district, county, city, village, town or consortium for an educational technology or distance education project from moneys reserved for such loans under sub. (3) (d), unless the educational technology board has first notified the board that it has approved the loan under s. 16.992 (3).
27,1370i
Section 1370i. 24.61 (7) of the statutes is created to read:
24.61 (7) Loans to cooperative educational service agencies. Whenever a cooperative educational service agency applies for a loan under sub. (3), the board shall treat the application as a loan to each of the school districts on behalf of which the loan is sought in an amount equal to the total amount of the loan divided equally by the number of school districts, unless the cooperative educational service agency specifies on its application a different arrangement that has been agreed to by all school districts for which the loan is sought. The board shall not make the loan unless each school district for which the loan is sought qualifies for a loan in the amount specified in this subsection, or a different amount if that amount is specified on the application. If the cooperative educational service agency fails to make a timely repayment of the principal or payment of the interest on the loan, each school district for which the loan is made is liable to repay the principal and pay the interest in the amount determined under this subsection.
27,1371b
Section 1371b. 24.63 (1) of the statutes is amended to read:
24.63 (1) (title) Municipal loans Loans other than to school districts. State A state trust fund loans loan, other than those a loan to
a school districts district, may be made for any term not exceeding 20 years,
and may be made payable in instalments and. A state trust fund loan to a municipality other than a school district shall be in an amount which does not, in connection together with all other indebtedness of the municipality applying for the loan, exceed 5% of the valuation of the taxable property within the municipality as equalized for state purposes. If a state trust fund loan is made to pay off existing indebtedness, it may be advanced to the borrower in instalments as fast as the indebtedness or the evidence of indebtedness is canceled.
27,1371d
Section 1371d. 24.63 (2m) of the statutes is created to read:
24.63 (2m) Cooperative educational service agency loans. A state trust fund loan to a cooperative educational service agency may be made for any term, not exceeding 20 years, as is agreed upon between the agency and the board, and for a total amount which, for each school district for which the loan is sought, in the proportion determined under s. 24.61 (7), together with all other indebtedness of the school district, does not exceed the school district's allowable indebtedness under s. 67.03 (1).
27,1375b
Section 1375b. 24.63 (4) of the statutes is amended to read:
24.63 (4) Repayment before due date permitted. Any municipality borrower after March 15 and prior to August 1 of any year may repay one or more instalments in advance of the due date, and all interest upon such advance payment shall thereupon terminate.
27,1377
Section 1377
. 24.66 (1) (intro.) of the statutes is amended to read:
24.66 (1) For all municipalities. (intro.) No trust fund loan may be made unless an application is made to the board under this section. The application shall state the amount of money required, the purpose to which it is to be applied, and the times and terms of repayment
, whether the loan is sought for an educational technology or distance education project under s. 24.61 (3) (d), and if so, whether the educational technology board has approved a grant to pay a portion of the interest on the loan under s. 16.992 (3) (b) and in the case of a cooperative educational service agency, the names of the school districts participating in the distance education project for which the loan is sought. The application shall be accompanied by satisfactory proof:
27,1377g
Section 1377g. 24.66 (3m) of the statutes is created to read:
24.66 (3m) For educational technology or distance education loans. An application by a county, city, village or town to undertake an educational technology or distance education project, or by a consortium that includes a county, city, village or town under s. 24.61 (3) (d) shall be accompanied by a resolution of the county or municipal library board for that county, city, village or town, or the county or municipal library board of each county, city, village or town participating in the consortium, requesting the county, city, village or town to apply for the loan for the purpose of conducting an educational technology or distance education project.
27,1377h
Section 1377h. 24.66 (3s) of the statutes is created to read:
24.66 (3s) For cooperative educational service agencies. An application for a loan by a cooperative educational service agency shall be accompanied by a certified copy of a resolution of the board of control of the agency approving the loan and shall contain satisfactory proof of the valuation of all taxable property within each school district for which the loan is sought as equalized for state purposes, of the existing indebtedness of each such school district and of approval of the application by each school district in the same manner as provided for a loan to that school district for the same amount and terms under sub. (3).
27,1377m
Section 1377m. 24.66 (5) (a) of the statutes is amended to read:
24.66 (5) (a) Every application for a loan under this section by a municipality shall be accompanied by a certified copy under the hand of the proper clerk of a recorded resolution adopted by the municipality applying for or approving the loan, levying, except as provided in par. (b), upon all the taxable property of the municipality a direct annual tax for the purpose of paying and sufficient to pay the principal and interest on such the proposed loan as it falls due, and also to pay and discharge the principal thereof within 20 years from the making of such loan. Such a levy shall become they become due. In a 1st class city school district, the application shall be accompanied by a certified copy of a resolution, adopted by the board of school directors, stating that it is the intention of the board of school directors to include in its budget transmitted to the common council under s. 119.16 (8) (b) a written notice specifying the amount of money necessary to pay the principal and interest on the loan as they become due. Every application for a loan under this subsection by a cooperative educational service agency shall be accompanied by a copy of a recorded resolution adopted by the school board of each school district for which the loan is sought, certified by the school district clerk of that school district, levying upon all taxable property of the school district a direct annual tax for the purpose of paying and sufficient to pay the school district's share of the principal and interest on the proposed loan as they become due. Every application for a loan under this subsection by a cooperative educational service agency shall be accompanied by a copy of a recorded resolution adopted by the school board of each school district for which the loan is sought, certified by the school district clerk of that school district, levying upon all taxable property of the school district a direct annual tax for the purpose of paying and sufficient to pay the school district's share of the principal and interest on the proposed loan as they become due. The levy imposed by the municipality shall be void and of no effect if the board declines to make the loan; otherwise it shall remain valid and irrepealable until the loan and all interest thereon is on the loan are fully paid.
27,1377s
Section 1377s. 24.67 (1) (intro.) of the statutes is amended to read:
24.67 (1) (intro.) If the board approves the application, it shall cause certificates of indebtedness to be prepared in proper form and transmitted to the municipality or cooperative educational service agency submitting the application. The certificate of indebtedness shall be executed and signed:
27,1377t
Section 1377t. 24.67 (1) (L) of the statutes is created to read:
24.67 (1) (L) For a cooperative educational service agency, by the president of each school district for which the loan is made.
27,1378b
Section 1378b. 24.67 (3) of the statutes is amended to read:
24.67 (3) If a unit of government
municipality has acted under subs. (1) and (2), it shall certify that fact to the department of administration. The department
Upon receiving a certification from a municipality, or upon direction of the board if a loan is made to a cooperative educational service agency, the secretary of administration shall then draw a warrant upon the state treasurer for the amount of the loan, payable to the treasurer of the municipality or cooperative educational service agency making the loan or as he or she the treasurer of the municipality or cooperative educational service agency directs. The certificate of indebtedness shall then be conclusive evidence of the validity of the indebtedness and that all the requirements of law concerning the application for the making and acceptance of the loan have been complied with.
27,1379b
Section 1379b. 24.695 of the statutes is created to read:
24.695 Payment of interest by state. The board shall, upon request of the educational technology board, certify to the educational technology board the amount of interest due on any loan for which the educational technology board has made a grant for interest payments under s. 16.992 (3) (b). The board shall accept payment from the educational technology board for the interest payable on any such loan and shall deduct the amount of any payment received from its certified statement of the amount payable under s. 24.70 (2) or 24.71 (2) for the year in which the payment is received. The applicant remains liable for payment of any interest that is not paid by the educational technology board.
27,1379m
Section 1379m. 24.70 of the statutes is amended to read:
24.70 (title) Collection from
municipalities borrowers other than school districts. (1) Applicability. This section applies to all outstanding state trust fund loans to municipalities borrowers other than school districts.
(2) Certified statement. If a municipality borrower other than a school district has a state trust fund loan, the board shall transmit to the municipal clerk of the jurisdiction, or the person signing the application on behalf of the borrower in the case of a cooperative educational service agency, a certified statement of the amount due on or before October 1 of each year until the loan is paid
repaid. The board shall submit a copy of each certified statement to the state treasurer. A cooperative educational service agency shall transmit a copy of the statement to the clerk of each school district on behalf of which the agency has obtained a loan.
(3) Amount added to municipal levy.
The Upon receipt of a certified statement by a municipal clerk, the municipal clerk shall then cause the amount to be added to the municipal levy and collected in the same manner as the municipal tax except the amount for the state trust fund loan shall be separately designated. Upon receipt of a certified statement by a school district clerk from a cooperative educational service agency, the clerk shall cause the amount for which the district is responsible under s. 24.61 (7) to be added to the school district levy and collected in the same manner as the school district tax, except that the amount for the loan shall be separately stated.
(4) Payment to state treasurer. The municipal treasurer of each municipality shall transmit to the state treasurer on his or her order the full amount levied for state trust fund loans within 15 days after March 15. Each cooperative educational service agency shall similarly transmit the annual amount owed on any state trust fund loan made to the agency by that date. The state treasurer shall notify the board when he or she receives payment. Any payment not made by March 30 is delinquent and is subject to a penalty of one percent per month to be paid to the state treasurer with the delinquent payment.
(6) Failure to make payments. If
the municipal treasurer any municipality fails to remit the amount due by the date specified under sub. (4), the board may file a certified statement of the amount delinquent with the department of administration. The department of administration shall collect the amount due, including any penalty, by deducting that amount from any state payments due the municipality, shall remit that amount to the state treasurer and shall notify the treasurer and the board of that action.
27,1386m
Section 1386m. 24.72 of the statutes is amended to read:
24.72 Use of funds. No money obtained by a municipality borrower from a state trust fund loan may be applied to or paid out for any purpose except that specified in the application for the loan without the consent of the board.
27,1387b
Section 1387b. 24.73 of the statutes is amended to read:
24.73 Extension of loan. All loans made or which may be made from any of such state trust funds to any municipality borrower may be extended for such time and upon such terms as may be agreed upon by and between the board and such borrower; provided, however, that no loan shall be extended upon which there is any default in the payment of interest at the time of making application therefor, nor to any period beyond 20 years from its inception, nor at any rate of interest less than the minimum established by law.
27,1389
Section 1389
. 25.14 (3) of the statutes is amended to read:
25.14 (3) The department of administration, upon consultation with the investment board, shall distribute all earnings, profits or losses of the state investment fund to each participating fund in the same ratio as each such fund's average daily balance within the state investment fund bears to the total average daily balance of all participating funds, except as provided in s. 14.58 (19), except that the department of administration shall credit to the appropriation account under s. 20.585 (1) (js) an amount equal to the amount assessed under s. 25.19 (2) from the earnings or profits of the funds against which an assessment is made and except that the department of administration shall credit to the appropriation account under s. 20.585 (1) (jt) an amount equal to the amount assessed under s. 25.19 (3) from the earnings or profits of the funds against which an assessment is made. Such distribution shall be made at such times as the department of administration may determine, but must be made at least semiannually in each complete fiscal year of operation.
27,1394m
Section 1394m. 25.17 (1) (gi) of the statutes is created to read:
25.17 (1) (gi) Heritage state parks and forests trust fund (s. 25.295);
27,1395
Section 1395
. 25.17 (1) (i) of the statutes is created to read:
25.17 (1) (i) Information technology investment fund (s. 25.61);
27,1396
Section 1396
. 25.17 (3) (b) 9. of the statutes is created to read:
25.17 (3) (b) 9. Bonds issued by the University of Wisconsin Hospitals and Clinics Authority.
27,1399
Section 1399
. 25.19 (1) of the statutes is amended to read:
25.19 (1) The state treasurer shall be the treasurer of the investment board and shall give an additional bond in such amount and with such corporate sureties as is required and approved by the board, the cost of which shall be borne by the board.
(1m) Any of the securities purchased by the investment board for any of the funds whose investment is under the control of the board may be deposited by the board or the state treasurer in vaults or other safe depositories outside of the office of the state treasurer, and either in or outside of this state, but a safekeeping receipt shall be delivered to the state treasurer for all securities so deposited. Every such safekeeping receipt shall describe the securities covered thereby and be payable on demand, without conditions, to the investment board or to any designated fund under the control of the board or to the state treasurer.
27,1400
Section 1400
. 25.19 (2) of the statutes is repealed.
27,1401
Section 1401
. 25.29 (1) (a) of the statutes is amended to read:
25.29 (1) (a) All Except as provided in s. 25.295, all moneys accruing to the state for or in behalf of the department under chs. 26, 27, 28, 29 and 350, subchs. I and VI of ch. 77 and ss. 23.09 to 23.42, 23.50 to 23.99, 30.50 to 30.55, 70.58 and 71.10 (5), including grants received from the federal government or any of its agencies except as otherwise provided by law.
27,1402
Section
1402. 25.29 (1) (e) of the statutes is amended to read:
25.29 (1) (e) An amount equal to the amounts expended under s. 20.370 (1) (kw) (7) (aq).
27,1403
Section 1403
. 25.29 (3) (b) of the statutes is amended to read:
25.29 (3) (b) As provided in s. 20.370 (4) (5) (aq).
27,1405e
Section 1405e. 25.295 of the statutes is created to read:
25.295 Heritage state parks and forests trust fund. (1) There is established a separate nonlapsible trust fund designated as the heritage state parks and forests trust fund, to consist of:
(a) All gifts, grants or bequests or other contributions made to the heritage state parks and forests trust fund. The department of natural resources may convert any noncash gift, grant, bequest or other contribution into cash.
(b) Notwithstanding s. 23.15 (4), all moneys received by the department of natural resources from utility easements on property located in the state park system, a southern state forest, as defined in s. 27.016 (1) (c), or a state recreation area under ss. 23.09 (10), 27.01 (2) (g) and 28.02 (5).
(c) All moneys received by the department of natural resources that are not fees collected under s. 27.01 (7) to (10) from rentals of real property or equipment that is part of the state park system, a southern state forest, as defined in s. 27.016 (1) (c), or a state recreation area.
27,1405r
Section 1405r. 25.31 (3) of the statutes is amended to read:
25.31 (3) Third: The income shall be disbursed from the state treasury only upon warrants issued on certifications by the department of health and social services corrections upon the recommendation of the superintendent or other managing officer of such school or other institution.
27,1406
Section 1406
. 25.36 (1) of the statutes is amended to read:
25.36 (1) Except as provided in sub. (2), all moneys appropriated or transferred by law shall constitute the veterans trust fund which shall be used exclusively for the veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (w) and, (z)
and (zm), 45.01, 45.25, 45.351 (1) and (2), 45.352, 45.353, 45.356, 45.357, 45.396, 45.397 and 45.43 (7) and administered by the department of veterans affairs, including all moneys received from the federal government for the benefit of veterans or their dependents; all moneys paid as interest on and repayment of loans under the post-war rehabilitation fund; soldiers rehabilitation fund, veterans housing funds as they existed prior to July 1, 1961; all moneys paid as interest on and repayment of loans under this fund; all moneys paid as expenses for, interest on and repayment of veterans trust fund stabilization loans; and all gifts of money received by the board of veterans affairs for the purposes of this fund.
27,1407
Section 1407
. 25.40 (1) (a) 2. of the statutes is amended to read:
25.40 (1) (a) 2. Other revenues specified in ch. 218 derived from the issuance of licenses under the authority of the commissioner division of banking which shall be paid into the general fund.
27,1408b
Section 1408b. 25.40 (1) (a) 5. of the statutes is repealed.
27,1411
Section 1411
. 25.40 (2) (b) 12. of the statutes is repealed.
27,1411g
Section 1411g. 25.40 (2) (b) 13. of the statutes is amended to read:
