SB77-SSA1,452,128
24.01
(1) "Agricultural college lands" embraces all lands granted to the state
9by an act of congress entitled "An act donating public lands to the several states and
10territories which may provide colleges for the benefit of agriculture and the mechanic
11arts," approved July 2, 1862
, as well as any land received under s. 24.09 (1) (bm) in
12exchange for such land.
SB77-SSA1,452,1614
24.01
(4) "Marathon county lands" embraces all lands acquired by the state
15pursuant to chapter 22 of the general laws of 1867
, as well as any land received under
16s. 24.09 (1) (bm) in exchange for such land.
SB77-SSA1,452,2218
24.01
(5) "Normal school lands" embraces all parcels of said "swamp lands"
19which the legislature has declared or otherwise decided, or may hereafter declare or
20otherwise decide, were not or are not needed for the drainage or reclamation of the
21same or other lands
, as well as any land received under s. 24.09 (1) (bm) in exchange
22for such land.
SB77-SSA1,453,3
124.01
(7) "School lands" embraces all lands made a part of "the school fund" by
2article X, section 2, of the constitution
, as well as any land received under s. 24.09
3(1) (bm) in exchange for such land.
SB77-SSA1,453,115
24.01
(9) "Swamp lands" embraces all lands which have been or may be
6transferred to the state pursuant to an act of congress entitled "An act to enable the
7state of Arkansas and other states to reclaim the swamp lands within their limits,"
8approved September 28, 1850, or pursuant to an act of congress entitled "An act for
9the relief of purchasers and locators of swamp and overflowed lands," approved
10March 2, 1855
, as well as any land received under s. 24.09 (1) (bm) in exchange for
11such land.
SB77-SSA1,453,1513
24.01
(10) "University lands" embraces all lands the proceeds of which are
14denominated "the university fund" by article X, section 6, of the constitution
, as well
15as any land received under s. 24.09 (1) (bm) in exchange for such land.
SB77-SSA1,453,2317
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.
SB77-SSA1,454,10
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.
SB77-SSA1,454,1612
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.
SB77-SSA1, s. 816
17Section
816. 24.60 (1r) of the statutes is repealed and recreated to read:
SB77-SSA1,454,2018
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.
SB77-SSA1, s. 817
21Section
817. 24.61 (3) (c) 2. a. of the statutes is amended to read:
SB77-SSA1,454,2522
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).
SB77-SSA1,455,82
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.
SB77-SSA1, s. 820
10Section
820. 24.66 (1) (intro.) of the statutes is amended to read:
SB77-SSA1,455,1911
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:
SB77-SSA1,456,222
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.
SB77-SSA1,456,7
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.
SB77-SSA1,456,139
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.
SB77-SSA1,456,2415
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.
SB77-SSA1,457,14
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.
SB77-SSA1,457,1616
25.17
(1) (ae) Arts board endowment fund (s. 25.33);
SB77-SSA1,457,1818
25.17
(1) (af) Agricultural chemical cleanup fund (s. 25.468);
SB77-SSA1,457,2121
25.17
(1) (d) Dry cleaner environmental response fund (s. 25.48);
SB77-SSA1,457,2323
25.17
(1) (gm) Historical legacy trust fund (s. 25.72);
SB77-SSA1,457,2525
25.17
(1) (gn) Historical society endowment fund (s. 25.73);
SB77-SSA1,458,22
25.17
(1) (tm) Support collections trust fund (s. 25.68);
SB77-SSA1,458,44
25.17
(1) (xL) Universal service fund (s. 25.95);
SB77-SSA1,458,126
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.
SB77-SSA1,458,2014
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.
SB77-SSA1,459,322
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.
SB77-SSA1,459,85
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.
SB77-SSA1, s. 838
9Section
838. 25.17 (14) (intro.) of the statutes is amended to read:
SB77-SSA1,459,1510
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:
SB77-SSA1, s. 838g
16Section 838g. 25.17 (14m) 1., 2. and 3. of the statutes are renumbered 25.17
17(14m) (a), (b) and (c).
SB77-SSA1,459,2019
25.17
(14m) (d) The amounts invested in certificates of deposit described under
20sub. (3) (b) 11.
SB77-SSA1,460,223
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.
SB77-SSA1,460,64
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.
SB77-SSA1,460,118
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.
SB77-SSA1,460,2013
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.
SB77-SSA1,461,3
125.33 Arts board endowment fund. There is established a separate
2nonlapsible endowment fund designated as the arts board endowment fund, to
3consist of:
SB77-SSA1,461,5
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.
SB77-SSA1,461,6
6(2) All moneys transferred to the fund under s. 20.215 (1) (fm).
SB77-SSA1,461,7
7(3) The moneys deposited to the fund under s. 44.53 (2) (d).
SB77-SSA1,462,39
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.
SB77-SSA1, s. 849
4Section
849. 25.40 (1) (a) 5m. of the statutes is created to read:
SB77-SSA1,462,65
25.40
(1) (a) 5m. Fees collected under s. 342.14 (1r) that are deposited in the
6environmental fund for environmental management.
SB77-SSA1, s. 850
7Section
850. 25.40 (1) (a) 13. of the statutes is created to read:
SB77-SSA1,462,98
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).
SB77-SSA1, s. 851
10Section
851. 25.40 (1) (a) 14. of the statutes is created to read:
SB77-SSA1,462,1311
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).