AB100-ASA1, s. 660 16Section 660. 24.04 (2) of the statutes is amended to read:
AB100-ASA1,453,2317 24.04 (2) Disbursements. All expenses necessarily incurred in caring for and
18selling public lands shall be deducted from the gross receipts of the fund to which the
19proceeds of the sale of the land will be added. Expenses necessarily incurred in
20caring for public lands may include expenses for reforestation, erosion and insect
21control, submerged log monitoring, surveys, appraisals and other land management
22practices that serve to protect or enhance the interests of the beneficiaries of the trust
23funds.
AB100-ASA1, s. 661 24Section 661. 24.09 (1) (bm) of the statutes is amended to read:
AB100-ASA1,454,10
124.09 (1) (bm) The board may exchange part or all of any parcel of public lands
2for any other land of approximately equal value if the board determines that the
3exchange will contribute to the consolidation or completion of a block of land,
4enhance conservation of lands or otherwise be in the public interest. Under this
5paragraph, an exchange is of "approximately equal value" if the difference in value
6between the more highly valued land and the less highly valued land does not exceed
710% of the value of the more highly valued land. All expenses necessarily incurred
8in making an exchange under this paragraph shall be deducted from the gross
9receipts of the fund to which the proceeds of the sale of the exchanged land will be
10added.
AB100-ASA1, s. 662 11Section 662. 24.60 (1g) of the statutes is amended to read:
AB100-ASA1,454,1612 24.60 (1g) "Distance education" has the meaning given in s. 16.992 (1) (b)
13means instruction that takes place, regardless of the location of a teacher or student,
14by means of telecommunications or other means of communication, including cable,
15instructional television fixed service, microwave, radio, satellite, computer,
16telephone or television
.
AB100-ASA1, s. 663 17Section 663. 24.60 (1r) of the statutes is repealed and recreated to read:
AB100-ASA1,454,2018 24.60 (1r) "Educational technology" means technology used in the education
19or training of any person or in the administration of an elementary or secondary
20school or a public library.
AB100-ASA1, s. 664 21Section 664. 24.61 (3) (c) 2. a. of the statutes is amended to read:
AB100-ASA1,454,2522 24.61 (3) (c) 2. a. The school board is subject to an order issued by the
23department of education state superintendent of public instruction under s. 115.33
24(3) after December 31, 1991, regarding noncompliance with the standard under s.
25121.02 (1) (i).
AB100-ASA1, s. 665
1Section 665. 24.61 (3) (d) of the statutes is amended to read:
AB100-ASA1,455,82 24.61 (3) (d) Reserve for loans for educational technology and distance
3education projects.
Subject to the priority established under par. (c), to the extent
4practicable, in fiscal years 1996-97 to 1999-2000 2002-03, annually the board shall
5reserve $15,000,000 for the purposes of giving priority to loans to school districts,
6counties, municipalities and consortia, other than consortia that include one or more
7technical college districts, for educational technology and distance education
8projects under s. 16.992.
AB100-ASA1, s. 666 9Section 666. 24.61 (6) of the statutes is repealed.
AB100-ASA1, s. 667 10Section 667. 24.66 (1) (intro.) of the statutes is amended to read:
AB100-ASA1,455,1911 24.66 (1) For all municipalities. (intro.) No trust fund loan may be made
12unless an application is made to the board under this section. The application shall
13state the amount of money required, the purpose to which it is to be applied, the times
14and terms of repayment, whether the loan is sought for an educational technology
15or distance education project under s. 24.61 (3) (d), and if so, whether the educational
16technology board has approved a grant to pay a portion of the interest on the loan
17under s. 16.992 (3) (b)
and, in the case of a cooperative educational service agency,
18the names of the school districts participating in the distance education project for
19which the loan is sought. The application shall be accompanied by satisfactory proof:
AB100-ASA1, s. 668 20Section 668. 24.695 of the statutes is repealed.
AB100-ASA1, s. 669 21Section 669. 24.71 (2) of the statutes is amended to read:
AB100-ASA1,456,222 24.71 (2) Certified statement. If a school district has a state trust fund loan,
23the board shall transmit to the school district clerk a certified statement of the
24amount due on or before October 1 of each year until the loan is paid. The board shall

1furnish a copy of each certified statement to the state treasurer and the department
2of education public instruction.
AB100-ASA1, s. 670 3Section 670. 24.78 of the statutes is amended to read:
AB100-ASA1,456,7 424.78 Distribution of the common school fund income. Under article X,
5section 5, of the constitution the common school fund income shall be distributed to
6the school districts among the several towns, villages and cities of the state for the
7support of common schools therein, as provided in s. ss. 44.72 (2) (a) and 43.70.
AB100-ASA1, s. 671 8Section 671. 25.156 (3) of the statutes is amended to read:
AB100-ASA1,456,139 25.156 (3) The members of the board shall appoint an investment director or
10the executive assistant to the executive director, internal auditor, chief investment
11officer, chief financial officer, chief legal counsel or chief risk officer
to act as assistant
12director, except that until the appointment is made by the members of the board, the
13executive director may temporarily designate the assistant director.
AB100-ASA1, s. 672 14Section 672. 25.156 (4) of the statutes is amended to read:
AB100-ASA1,456,2415 25.156 (4) The members of the board shall promulgate rules restricting the
16executive director, executive assistant to the executive director, internal auditor,
17chief investment officer, chief financial officer, chief legal counsel, chief risk officer,
18investment directors and employes from having financial interest, directly or
19indirectly, in firms or corporations providing services to the department and
20governing the receipt of gifts or favors therefrom, and also governing personal
21investments of all employes including the executive director, executive assistant to
22the executive director,
internal auditor, chief investment officer , chief financial
23officer, chief legal counsel, chief risk officer
and investment directors to prevent
24conflicts of interest.
AB100-ASA1, s. 673 25Section 673. 25.16 (2) of the statutes is amended to read:
AB100-ASA1,457,14
125.16 (2) Subject to authorization under s. 16.505, the executive director may
2appoint one division administrator a chief legal counsel, chief financial officer, chief
3risk officer
and not more than 11 investment directors and shall appoint a chief
4investment officer and all other employes necessary to carry out the functions of the
5investment board, except that the investment board shall appoint the internal
6auditor and shall participate in the selection of the chief investment officer and
7investment directors and the internal auditor shall appoint his or her staff. The
8executive director shall appoint all employes outside the classified service, except
9blue collar and clerical employes. Neither the executive director, the internal
10auditor, the chief investment officer, the chief legal counsel, the chief financial officer,
11the chief risk officer,
any investment director nor any other employe of the board
12shall have any financial interest, either directly or indirectly, in any firm engaged in
13the sale or marketing of real estate or investments of any kind, nor shall any of them
14render investment advice to others for remuneration.
AB100-ASA1, s. 831m 15Section 831m. 25.17 (1) (ae) of the statutes is created to read:
AB100-ASA1,457,1616 25.17 (1) (ae) Arts board endowment fund (s. 25.33);
AB100-ASA1, s. 831s 17Section 831s. 25.17 (1) (af) of the statutes is created to read:
AB100-ASA1,457,1818 25.17 (1) (af) Agricultural chemical cleanup fund (s. 25.468);
AB100-ASA1, s. 674 19Section 674. 25.17 (1) (ag) of the statutes is repealed.
AB100-ASA1, s. 832e 20Section 832e. 25.17 (1) (d) of the statutes is created to read:
AB100-ASA1,457,2121 25.17 (1) (d) Dry cleaner environmental response fund (s. 25.48);
AB100-ASA1, s. 832k 22Section 832k. 25.17 (1) (gm) of the statutes is created to read:
AB100-ASA1,457,2323 25.17 (1) (gm) Historical legacy trust fund (s. 25.72);
AB100-ASA1, s. 832m 24Section 832m. 25.17 (1) (gn) of the statutes is created to read:
AB100-ASA1,457,2525 25.17 (1) (gn) Historical society endowment fund (s. 25.73);
AB100-ASA1, s. 675
1Section 675. 25.17 (1) (tm) of the statutes is created to read:
AB100-ASA1,458,22 25.17 (1) (tm) Support collections trust fund (s. 25.68);
AB100-ASA1, s. 676 3Section 676. 25.17 (1) (xL) of the statutes is created to read:
AB100-ASA1,458,44 25.17 (1) (xL) Universal service fund (s. 25.95);
AB100-ASA1, s. 677 5Section 677. 25.17 (2) (d) of the statutes is amended to read:
AB100-ASA1,458,126 25.17 (2) (d) Invest the clean water environmental improvement fund, and
7collect the principal and interest of all moneys loaned or invested from the clean
8water
environmental improvement fund, as directed by the department of
9administration under s. 281.59 (2m). In making such investment, the investment
10board shall accept any reasonable terms and conditions that the department of
11administration specifies and is relieved of any obligations relevant to prudent
12investment of the fund, including those set forth under ch. 881.
AB100-ASA1, s. 678 13Section 678. 25.17 (2) (e) of the statutes is created to read:
AB100-ASA1,458,2014 25.17 (2) (e) Invest the transportation infrastructure loan fund, and collect the
15principal and interest of all moneys loaned or invested from transportation
16infrastructure loan fund, as directed by the department of administration under s.
1785.52 (4m). In making such investment, the investment board shall accept any
18reasonable terms and conditions that the department of administration specifies and
19is relieved of any obligations relevant to prudent investment of the fund, including
20those set forth under ch. 881.
AB100-ASA1, s. 836m 21Section 836m. 25.17 (3) (b) 11. of the statutes is created to read:
AB100-ASA1,459,322 25.17 (3) (b) 11. Certificates of deposit of at least $25,000 issued by solvent
23financial institutions in this state. The money received from the purchase of the
24certificates of deposit shall be used by the financial institution for the purpose of
25making loans to small businesses. The board shall accept applications for the

1purchase of the certificates of deposit on a continual basis, shall purchase the
2certificates of deposit on a continual basis and shall actively market the board's
3program to purchase the certificates of deposit under this subdivision.
AB100-ASA1, s. 679 4Section 679. 25.17 (13m) of the statutes is created to read:
AB100-ASA1,459,85 25.17 (13m) No later than 45 days after the end of each calendar quarter,
6submit a report to the department of administration and the cochairpersons of the
7joint committee on finance detailing all costs and expenses charged to funds under
8s. 25.18 (1) (a) or (m) during that calendar quarter.
AB100-ASA1, s. 680 9Section 680. 25.17 (14) (intro.) of the statutes is amended to read:
AB100-ASA1,459,1510 25.17 (14) (intro.)  The investment board shall, as As of December 31 of each
11year, make and file with the department of employe trust funds a report of the value
12of the assets of the fixed retirement investment trust and of the variable retirement
13investment trust, determined as of that date at market value for the variable
14retirement investment trust and on the following basis for the fixed retirement
15investment trust:
AB100-ASA1, s. 838g 16Section 838g. 25.17 (14m) 1., 2. and 3. of the statutes are renumbered 25.17
17(14m) (a), (b) and (c).
AB100-ASA1, s. 838j 18Section 838j. 25.17 (14m) (d) of the statutes is created to read:
AB100-ASA1,459,2019 25.17 (14m) (d) The amounts invested in certificates of deposit described under
20sub. (3) (b) 11.
AB100-ASA1, s. 681 21Section 681. 25.28 of the statutes is repealed.
AB100-ASA1, s. 682 22Section 682. 25.29 (1) (a) of the statutes is amended to read:
AB100-ASA1,460,223 25.29 (1) (a) Except as provided in s. 25.295, all moneys accruing to the state
24for or in behalf of the department under chs. 26, 27, 28, 29 and 350, subchs. I and VI
25of ch. 77 and ss. 23.09 to 23.31, 23.325 to 23.42, 23.50 to 23.99, 30.50 to 30.55, 70.58

1and 71.10 (5), including grants received from the federal government or any of its
2agencies except as otherwise provided by law.
AB100-ASA1, s. 683 3Section 683. 25.29 (1) (b) of the statutes is amended to read:
AB100-ASA1,460,64 25.29 (1) (b) One percent of all sales and use taxes under s. 77.61 (1) on
5all-terrain vehicles, boats and snowmobiles collected by the department under ss.
623.33, 30.52 (4) and, 350.12 (7) and 350.122.
AB100-ASA1, s. 684 7Section 684. 25.29 (1) (d) 1. of the statutes is amended to read:
AB100-ASA1,460,118 25.29 (1) (d) 1. An amount calculated by multiplying the number of
9snowmobiles registered under s. 350.12 or 350.122 on the last day of February of the
10previous fiscal year by 50 gallons and multiplying that product by the excise tax
11imposed under s. 78.01 (1) on the last day of February of the previous fiscal year.
AB100-ASA1, s. 685 12Section 685. 25.29 (1) (dm) of the statutes is amended to read:
AB100-ASA1,460,2013 25.29 (1) (dm) For fiscal year 1991-92 and for each fiscal year thereafter, an
14amount equal to the estimated all-terrain vehicle gas tax payment. The estimated
15all-terrain vehicle gas tax payment is calculated by multiplying the sum of the
16number of all-terrain vehicles registered for public use under s. 23.33 (2) (c) or (2g)
17and the number of reflectorized plates issued under s. 23.33 (2) (dm) on the last day
18of February of the previous fiscal year by 25 gallons and multiplying that product by
19the excise tax imposed under s. 78.01 (1) on the last day of February of the previous
20fiscal year.
AB100-ASA1, s. 847g 21Section 847g. 25.29 (4r) of the statutes, as created by 1997 Wisconsin Act 1,
22is repealed.
AB100-ASA1, s. 847m 23Section 847m. 25.33 of the statutes is created to read:
AB100-ASA1,461,3
125.33 Arts board endowment fund. There is established a separate
2nonlapsible endowment fund designated as the arts board endowment fund, to
3consist of:
AB100-ASA1,461,5 4(1) All gifts, grants or bequests made to the fund. Notwithstanding s. 20.907
5(1), the arts board may convert any noncash gift, grant or bequest into cash.
AB100-ASA1,461,6 6(2) All moneys transferred to the fund under s. 20.215 (1) (fm).
AB100-ASA1,461,7 7(3) The moneys deposited to the fund under s. 44.53 (2) (d).
AB100-ASA1, s. 686 8Section 686. 25.36 (1) of the statutes is amended to read:
AB100-ASA1,462,39 25.36 (1) Except as provided in sub. (2), all moneys appropriated or transferred
10by law shall constitute the veterans trust fund which shall be used exclusively for the
11purchase of mortgages issued with the proceeds of the 1981 veterans home loan
12revenue bond issuance in an amount sufficient to retire that bond issue or
for the
13veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (w), (z) and (zm),
1445.01, 45.25, 45.351 (1) and (2), 45.353, 45.356, 45.357, 45.396, 45.397 and 45.43 (7)
15and administered by the department of veterans affairs, including all moneys
16received from the federal government for the benefit of veterans or their dependents;
17all moneys paid as interest on and repayment of loans under the post-war
18rehabilitation fund; soldiers rehabilitation fund, veterans housing funds as they
19existed prior to July 1, 1961; all moneys paid as interest on and repayment of loans
20under this fund; all moneys paid as expenses for, interest on and repayment of
21veterans trust fund stabilization loans under s. 45.356, 1995 stats.; all moneys paid
22as expenses for, interest on and repayment of veterans personal loans; the net
23proceeds from the sale of mortgaged properties related to veterans personal loans;

24all mortgages issued with the proceeds of the 1981 veterans home loan revenue bond
25issuance purchased with moneys in the veterans trust fund; all moneys received from

1the state investment board under s. 45.356 (9) (b); all moneys received from the
2veterans mortgage loan repayment fund under s. 45.79 (7) (a) and (c);
and all gifts
3of money received by the board of veterans affairs for the purposes of this fund.
AB100-ASA1, s. 687 4Section 687. 25.40 (1) (a) 5m. of the statutes is created to read:
AB100-ASA1,462,65 25.40 (1) (a) 5m. Fees collected under s. 342.14 (1r) that are deposited in the
6environmental fund for environmental management.
AB100-ASA1, s. 688 7Section 688. 25.40 (1) (a) 13. of the statutes is created to read:
AB100-ASA1,462,98 25.40 (1) (a) 13. Moneys received under s. 110.065 that are deposited in the
9general fund and credited to the appropriation account under s. 20.395 (5) (dh).
AB100-ASA1, s. 689 10Section 689. 25.40 (1) (a) 14. of the statutes is created to read:
AB100-ASA1,462,1311 25.40 (1) (a) 14. Fees received under ss. 85.51 (1) and 348.26 (2) that are
12deposited in the general fund and credited to the appropriation account under s.
1320.395 (5) (dg).
AB100-ASA1, s. 690 14Section 690. 25.40 (1) (a) 15. of the statutes is created to read:
AB100-ASA1,462,1615 25.40 (1) (a) 15. Moneys received under s. 85.52 that are deposited in the
16transportation infrastructure loan fund.
AB100-ASA1, s. 852d 17Section 852d. 25.40 (1) (a) 16. of the statutes is created to read:
AB100-ASA1,462,1918 25.40 (1) (a) 16. Moneys received under s. 341.14 (6r) (b) 6. that are deposited
19in the children's trust fund.
AB100-ASA1, s. 852f 20Section 852f. 25.40 (1) (a) 17. of the statutes is created to read:
AB100-ASA1,462,2321 25.40 (1) (a) 17. Moneys received under s. 341.14 (6r) (bg) 2. that are deposited
22in the general fund and credited under s. 341.14 (6r) (bg) 3. b. to the appropriation
23under s. 20.525 (1) (gm).
AB100-ASA1, s. 852h 24Section 852h. 25.40 (1) (bm) of the statutes is created to read:
AB100-ASA1,462,2525 25.40 (1) (bm) The state rental vehicle fee under subch. XI of ch. 77.
AB100-ASA1, s. 854k
1Section 854k. 25.40 (1) (f) of the statutes is renumbered 25.40 (1) (f) (intro.)
2and amended to read:
AB100-ASA1,463,53 25.40 (1) (f) (intro.) All federal aid for aeronautics, highways and other
4transportation purposes made available by any act of congress, subject to applicable
5federal regulations., except all of the following:
AB100-ASA1, s. 854L 6Section 854L. 25.40 (1) (f) 1. and 2. of the statutes are created to read:
AB100-ASA1,463,97 25.40 (1) (f) 1. Moneys received from the federal government, for the regulation
8of railroads, that are deposited in the general fund and credited to the appropriation
9under s. 20.155 (2) (m).
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