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.
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.
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.
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.
SECTION 1408b. 25.40 (1) (a) 5. of the statutes is repealed.
SECTION 1408m. 25.40 (1) (a) 6. of the statutes is amended to read:
25.40 (1) (a) 6. Amounts payable to the state treasurer secretary of administration under s. 85.14 (1) (b) in conjunction with the collection of fees paid by credit card.
SECTION 1411. 25.40 (2) (b) 12. of the statutes is repealed.
SECTION 1411g. 25.40 (2) (b) 13. of the statutes is amended to read:
25.40 (2) (b) 13. Section 20.399 (1) (r) (v).
SECTION 1411r. 25.40 (2) (b) 13. of the statutes, as affected by 1995 Wisconsin Act .... (this act), is renumbered 25.40 (2) (b) 15m. and amended to read:
25.40 (2) (b) 15m. Section 20.399 (1) 20.445 (6) (v).
SECTION 1413. 25.40 (2) (b) 17. of the statutes is repealed.
SECTION 1414. 25.43 (3) of the statutes is amended to read:
25.43 (3) Except for the purpose of investment as provided in s. 25.17 (2) (d), the clean water fund may be used only for the purposes authorized under ss. 20.320 (1) (r), (s) and (t), 20.370 (2) (mt) and (mx) and (4) (iv) and (ix), (6) (mu) and (mx) and (8) (mr), 20.505 (1) (v) and (x), 144.241 and 144.2415.
SECTION 1415. 25.46 (17m) of the statutes is created to read:
25.46 (17m) All moneys received under s. 144.968 (2) for cooperative remedial action.
SECTION 1417. 25.465 (7) of the statutes is amended to read:
25.465 (7) The fees imposed under s. 94.705 (1) and (4).
SECTION 1418. 25.50 (1) (d) of the statutes is amended to read:
25.50 (1) (d) "Local government" means any county, town, village, city, power district, sewerage district, drainage district, town sanitary district, public inland lake protection and rehabilitation district, public library system, school district or technical college district in this state, any commission, committee, board or officer of any governmental subdivision of this state, any court of this state, other than the court of appeals or the supreme court, or any authority created under s. 231.02, 233.02 or 234.02.
SECTION 1420. 25.61 of the statutes is created to read:
25.61 Information technology investment fund. There is created a separate nonlapsible trust fund designated as the information technology investment fund consisting of all revenues accruing to the state from fees assessed under ss. 16.701, 16.702 and 16.855 (22) and from gifts, grants and bequests made for information technology development purposes and moneys transferred to the fund from other funds.
SECTION 1420d. 25.65 (3) of the statutes is amended to read:
25.65 (3) COUNTY GOVERNMENTS AUTHORIZED TO PLACE COUNTY FUNDS IN FUND. With the consent of the county board a county official may transfer county funds received under s. 70.395 (2) (d) 1. to the state treasurer secretary of administration for deposit in the fund. A county official may authorize the investment and local impact fund board to transfer the county funds to the state treasurer secretary of administration for the county.
SECTION 1420h. 25.65 (4) of the statutes is amended to read:
25.65 (4) PERIOD OF INVESTMENTS; WITHDRAWAL OF FUNDS. Subject to the restrictions in this subsection the state treasurer secretary of administration shall prescribe the mechanisms and procedures for deposits and withdrawals. The mechanisms and procedures shall include a requirement for review and approval by the investment and local impact fund board of all withdrawals made within 10 years of deposit. The state treasurer secretary of administration shall notify the investment and local impact fund board of all withdrawals made 10 years or more after deposit. Withdrawals shall be made only to cover the costs of alleviating impacts due to the closing of a metalliferous mine in the county or the curtailment of metalliferous mining activity in the county.
SECTION 1420p. 25.65 (6) of the statutes is amended to read:
25.65 (6) REIMBURSEMENT OF EXPENSES. The state treasurer secretary of administration shall deduct quarterly a maximum of 0.25% of the amount of income received from the earnings of the fund during the preceding calendar quarter for all actual and necessary expenses incurred by the state in administering the fund.
SECTION 1420t. 25.65 (7) (b) of the statutes is amended to read:
25.65 (7) (b) The state treasurer secretary of administration shall report quarterly to each county official the deposits and withdrawals of the preceding quarter and any other activity within the account.
SECTION 1420u. 25.75 (1) (am) of the statutes is repealed.
SECTION 1420v. 25.75 (2) of the statutes is amended to read:
25.75 (2) CREATION. There is created a separate nonlapsible trust fund known as the lottery fund, to consist of gross lottery revenues received by the commission department of revenue.
SECTION 1420w. 25.75 (3) (b) 1. of the statutes is amended to read:
25.75 (3) (b) 1. Compensation paid to retailers under s. 565.10 (14) shall be included regardless of whether the compensation is deducted by the retailer prior to transmitting lottery ticket and lottery share revenues to the commission department of revenue.
SECTION 1428. 26.11 (7) of the statutes is created to read:
