24.29 Redemption. At any time before the 5 days next preceding the reoffering of such land at public sale, the former purchaser or the former purchaser's assigns or legal representatives may, by the payment of the sum due with interest, and all taxes returned thereon to the state treasurer secretary of administration which are still unpaid, and all costs occasioned by the delay, together with 3% damages on the whole sum owing for such land, prevent such resale and revive the original contract.
SECTION 1363u. 24.32 (2) of the statutes is amended to read:
24.32 (2) Every such tract may be redeemed by the former purchaser thereof, the former purchaser's assigns or legal representatives at any time before the June 30th next following the date of such resale, upon presenting to the board satisfactory proof, which shall be filed and preserved by it, that such tract was, at the time of resale, in whole or in part under cultivation or adjoining a tract partly cultivated, belonging to the former purchaser, the former purchaser's assigns or legal representatives and used in connection therewith, and upon depositing with the state treasurer secretary of administration, for the use of the purchaser at such resale the amount paid by the purchaser for such land, together with 25% of the amount of such taxes, interest and costs in addition thereto; and every certificate issued upon any such resale shall be subject to the right of redemption whether it be expressed in such certificate or not. And no patent shall be issued on any such resale until the expiration of such redemption period.
SECTION 1363y. 24.33 of the statutes is amended to read:
24.33 Resale may be canceled. Whenever any land has been so forfeited and resold, within 3 months thereafter, upon proof that there are valuable improvements thereon and that such forfeiture was occasioned by the death of the holder of the first certificate, or the neglect of that person's executor or administrator, and payment to the treasurer secretary of administration of the amount actually due on such first certificate at the time of such resale, with interest, costs and charges, with interest on the amount for which such land was sold at the rate of 10% per year, the board, by its order in writing, duly recorded, of which a copy shall be forthwith served on the last purchaser, may avoid and cancel such resale and restore and revive such first certificate. Thereafter there shall be paid out of the state treasury to the last purchaser the amount paid by the last purchaser and the said interest thereon collected of such person so redeeming, on surrender of the certificate, receipt or patent given the last purchaser at such resale.
SECTION 1365g. 24.54 (1) of the statutes is amended to read:
24.54 (1) The department of administration office of the treasurer shall provide an office for the board. The board shall conveniently arrange and preserve in that office all records, books, reports, surveys, maps, field notes, plats and other papers pertaining to the public lands owned by the state, including all public lands that have been or shall be received from the United States or any officer of the United States. The board may perfect the records, books, reports, surveys, maps, field notes, plats and other papers when incomplete, and cause copies of those documents to be made when from injury, loss, use or accident it shall become necessary. Any copy, when certified to be a correct copy by the executive secretary of the board under the executive secretary's signature and the official seal of the office to have been made for any of the causes specified in this subsection, shall have the same force and effect in all courts and places as the original. Any copy from the original records, books, reports, surveys, maps, field notes, plats or other papers, or from any record or paper required by law to be kept in the office, or any copy from a certified copy of one of those documents, when certified by the executive secretary of the board or any member of the board of commissioners of public lands under the official seal of the board, shall be received in evidence with the same effect as the original.
SECTION 1366m. 24.60 (1) of the statutes is created to read:
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, during fiscal years 1996-97 to 1999-2000, 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, during fiscal years 1996-97 to 1999-2000, 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).
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.
SECTION 1367m. 24.61 (2) (b) of the statutes is amended to read:
24.61 (2) (b) (title) Deposited with state treasurer secretary of administration. All bonds, notes and other securities so purchased shall be deposited with the state treasurer secretary of administration.
SECTION 1368. 24.61 (3) (a) 9. of the statutes is created to read:
24.61 (3) (a) 9. A consortium.
SECTION 1368c. 24.61 (3) (b) of the statutes is amended to read:
24.61 (3) (b) Terms; conditions. A municipality 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.
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).
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. In fiscal years 1996-97 to 1999-2000, annually the board shall reserve $15,000,000 for 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. The board shall not make any loan to a consortium that includes a county or municipality for an educational technology or distance education project except from the reserve established under this paragraph.
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.
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).
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). The application shall be accompanied by satisfactory proof:
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.
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 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. 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.
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, 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 making the loan or as he or she the treasurer of the municipality 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.
SECTION 1378g. 24.67 (3) of the statutes, as affected by 1995 Wisconsin Act .... (this act), is amended to read:
24.67 (3) If a municipality has acted under subs. (1) and (2), it shall certify that fact to the department of administration. Upon receiving a certification from a municipality, the secretary of administration shall draw a warrant upon the state treasurer for the amount of the loan, payable to pay the amount of the loan to the treasurer of the municipality making the loan or as the treasurer of the municipality 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.
****NOTE: The treatment of this subsection reconciles LRBb0779 and LRBb0270.
SECTION 1378r. 24.69 (1) of the statutes is amended to read:
24.69 (1) The board may sell state trust fund loans or participations therein, and may contract to do so at a future date, for such price, upon such other terms and in such manner as the board may determine. The sale may be to any person, including, without limitation, a trust or other investment vehicle created for the purpose of attracting private investment capital. The board shall remit the proceeds of the sale to the state treasurer secretary of administration for deposit in the appropriate trust fund and shall invest the proceeds in accordance with s. 24.61.
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.
SECTION 1380. 24.70 (2) of the statutes is amended to read:
24.70 (2) CERTIFIED STATEMENT. If a municipality other than a school district has a state trust fund loan, the board shall transmit to the municipal clerk a certified statement of the amount due on or before October 1 of each year until the loan is paid. The board shall submit a copy of each certified statement to the state treasurer secretary of administration.
****NOTE: Need to have 7/1/96 effective date as part of RAC's b0270.
SECTION 1381. 24.70 (4) of the statutes is amended to read:
24.70 (4) PAYMENT TO STATE TREASURER SECRETARY OF ADMINISTRATION. The municipal treasurer shall transmit to the state treasurer secretary of administration on his or her order the full amount levied for state trust fund loans within 15 days after March 15. The state treasurer secretary of administration 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 secretary of administration with the delinquent payment.
****NOTE: Need to have 7/1/96 effective date as part of RAC's b0270.
SECTION 1382. 24.70 (6) of the statutes is amended to read:
24.70 (6) FAILURE TO MAKE PAYMENTS. If the municipal treasurer 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 secretary 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.
****NOTE: Need to have 7/1/96 effected date as part of RAC's bo2070.
SECTION 1383. 24.71 (2) of the statutes is amended to read:
24.71 (2) CERTIFIED STATEMENT. If a school district has a state trust fund loan, the board shall transmit to the school district clerk a certified statement of the amount due for each calendar year on or before October 1 of each year until the loan is paid. The board shall furnish a copy of each certified statement to the state treasurer secretary of administration and the department of public instruction.
****NOTE: Need to line 7/1/96 effective date as part of RAC's b0270.
SECTION 1384. 24.71 (4) of the statutes is amended to read:
24.71 (4) PAYMENT TO STATE TREASURER SECRETARY OF ADMINISTRATION. The school district treasurer shall transmit to the state treasurer secretary of administration on his or her own order the full amount levied for state trust fund loans within 15 days after March 15. The state treasurer secretary of administration 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 or fraction thereof, to be paid to the state treasurer secretary of administration with the delinquent payment.
****NOTE: Need to have 7/1/96 effective date as part of RAC's b0270.
SECTION 1385. 24.71 (5) of the statutes is amended to read:
24.71 (5) FAILURE TO MAKE PAYMENT. If the school district treasurer fails to remit the amounts due under sub. (4), the state superintendent, upon certification of delinquency by the board, shall deduct the amount due including any penalty from any school aid payments due the school district, shall remit such amount to the state treasurer secretary of administration and, no later than June 15, shall notify the school district treasurer and the board to that effect.
****NOTE: Need to have 7/1/96 effective date as part of RAC's b0270.
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.
SECTION 1390. 25.14 (3) of the statutes, as affected by 1995 Wisconsin Act .... (this act), is repealed and recreated 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. 16.40 (34) and except that the department of administration shall credit to the appropriation account under s. 20.505 (1) (kj) 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.
****NOTE: This is reconciled s. 25.14 (3). This section has been affected by LRB-1390 and LRB-2089.
SECTION 1393m. 25.16 (3) of the statutes is repealed.
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);
SECTION 1395. 25.17 (1) (i) of the statutes is created to read:
25.17 (1) (i) Information technology investment fund (s. 25.61);
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.
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.
SECTION 1400. 25.19 (2) of the statutes is repealed.
SECTION 1400g. 25.19 (3) of the statutes is amended to read:
25.19 (3) The state treasurer secretary of administration shall, at the direction of the depository selection board under s. 34.045 (1) (b), allocate bank service costs to the funds incurring those costs.
SECTION 1400r. 25.19 (4) of the statutes is amended to read:
25.19 (4) The state treasurer secretary of administration shall provide advice to state agencies concerning efficient cash management practices.
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.
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).
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).
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.
SECTION 1405m. 25.31 (1) of the statutes is amended to read:
25.31 (1) First: The principal of said trust fund shall be held by the state treasurer secretary of administration, and be invested and reinvested as provided in this chapter.
