AB100: Bill Text Engrossed

AB100-engrossed, s. 809 Section 809. 24.01 (5) of the statutes is amended to read:

AB100-engrossed,490,2 24.01 (5) "Normal school lands" embraces all parcels of said "swamp lands" which the legislature has declared or otherwise decided, or may hereafter declare or otherwise decide, were not or are not needed for the drainage or reclamation of the same or other lands, as well as any land received under s. 24.09 (1) (bm) in exchange for such land.

AB100-engrossed, s. 810 Section 810. 24.01 (7) of the statutes is amended to read:

AB100-engrossed,490,6 24.01 (7) "School lands" embraces all lands made a part of "the school fund" by article X, section 2, of the constitution, as well as any land received under s. 24.09 (1) (bm) in exchange for such land.

AB100-engrossed, s. 811 Section 811. 24.01 (9) of the statutes is amended to read:

AB100-engrossed,490,14 24.01 (9) "Swamp lands" embraces all lands which have been or may be transferred to the state pursuant to an act of congress entitled "An act to enable the state of Arkansas and other states to reclaim the swamp lands within their limits," approved September 28, 1850, or pursuant to an act of congress entitled "An act for the relief of purchasers and locators of swamp and overflowed lands," approved March 2, 1855, as well as any land received under s. 24.09 (1) (bm) in exchange for such land.

AB100-engrossed, s. 812 Section 812. 24.01 (10) of the statutes is amended to read:

AB100-engrossed,490,18 24.01 (10) "University lands" embraces all lands the proceeds of which are denominated "the university fund" by article X, section 6, of the constitution, as well as any land received under s. 24.09 (1) (bm) in exchange for such land.

AB100-engrossed, s. 813 Section 813. 24.04 (2) of the statutes is amended to read:

AB100-engrossed,491,2 24.04 (2) Disbursements. All expenses necessarily incurred in caring for and selling public lands shall be deducted from the gross receipts of the fund to which the proceeds of the sale of the land will be added. Expenses necessarily incurred in caring for public lands may include expenses for reforestation, erosion and insect control, submerged log monitoring, surveys, appraisals and other land management practices that serve to protect or enhance the interests of the beneficiaries of the trust funds.

AB100-engrossed, s. 814 Section 814. 24.09 (1) (bm) of the statutes is amended to read:

AB100-engrossed,491,13 24.09 (1) (bm) The board may exchange part or all of any parcel of public lands for any other land of approximately equal value if the board determines that the exchange will contribute to the consolidation or completion of a block of land, enhance conservation of lands or otherwise be in the public interest. Under this paragraph, an exchange is of "approximately equal value" if the difference in value between the more highly valued land and the less highly valued land does not exceed 10% of the value of the more highly valued land. All expenses necessarily incurred in making an exchange under this paragraph shall be deducted from the gross receipts of the fund to which the proceeds of the sale of the exchanged land will be added.

AB100-engrossed, s. 815 Section 815. 24.60 (1g) of the statutes is amended to read:

AB100-engrossed,491,19 24.60 (1g) "Distance education" has the meaning given in s. 16.992 (1) (b) means instruction that takes place, regardless of the location of a teacher or student, by means of telecommunications or other means of communication, including cable, instructional television fixed service, microwave, radio, satellite, computer, telephone or television.

AB100-engrossed, s. 816 Section 816. 24.60 (1r) of the statutes is repealed and recreated to read:

AB100-engrossed,491,23 24.60 (1r) "Educational technology" means technology used in the education or training of any person or in the administration of an elementary or secondary school or a public library.

AB100-engrossed, s. 817 Section 817. 24.61 (3) (c) 2. a. of the statutes is amended to read:

AB100-engrossed,492,4 24.61 (3) (c) 2. a. The school board is subject to an order issued by the department of education state superintendent of public instruction under s. 115.33 (3) after December 31, 1991, regarding noncompliance with the standard under s. 121.02 (1) (i).

AB100-engrossed, s. 818 Section 818. 24.61 (3) (d) of the statutes is amended to read:

AB100-engrossed,492,12 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 2002-03, 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.

AB100-engrossed, s. 819 Section 819. 24.61 (6) of the statutes is repealed.

AB100-engrossed, s. 820 Section 820. 24.66 (1) (intro.) of the statutes is amended to read:

AB100-engrossed,492,23 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, 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:

AB100-engrossed, s. 821b Section 821b. 24.66 (3) (b) of the statutes is amended to read:

AB100-engrossed,493,7 24.66 (3) (b) For long-term loans by unified school districts. Every application for a loan, the required repayment of which exceeds 10 years, shall be approved and authorized for a unified school district by a majority vote of the members of the school board at a regular or special meeting of the school board. Every vote so required shall be by ayes and noes duly recorded. In addition, the application shall be approved for a unified school district by a majority vote of the electors of the school district at a special election referendum as provided under sub. (4).

AB100-engrossed, s. 822b Section 822b. 24.66 (4) of the statutes is amended to read:

AB100-engrossed,493,16 24.66 (4) Popular vote, when required. If any municipality is not empowered by law to incur indebtedness for a particular purpose without first submitting the question to its electors, the application for a state trust fund loan for that purpose must be approved and authorized by a majority vote of the electors at a special election referendum called, in accordance with s. 8.065, and noticed and held in the manner provided for other special elections referenda. The notice of the election referendum shall state the amount of the proposed loan and the purpose for which it will be used.

AB100-engrossed, s. 824 Section 824. 24.695 of the statutes is repealed.

AB100-engrossed, s. 825 Section 825. 24.71 (2) of the statutes is amended to read:

AB100-engrossed,493,23 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 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 and the department of education public instruction.

AB100-engrossed, s. 826 Section 826. 24.78 of the statutes is amended to read:

AB100-engrossed,494,4 24.78 Distribution of the common school fund income. Under article X, section 5, of the constitution the common school fund income shall be distributed to the school districts among the several towns, villages and cities of the state for the support of common schools therein, as provided in s. ss. 44.72 (2) (a) and 43.70.

AB100-engrossed, s. 827 Section 827. 25.156 (3) of the statutes is amended to read:

AB100-engrossed,494,10 25.156 (3) The members of the board shall appoint an investment director or the executive assistant to the executive director, internal auditor, chief investment officer, chief financial officer, chief legal counsel or chief risk officer to act as assistant director, except that until the appointment is made by the members of the board, the executive director may temporarily designate the assistant director.

AB100-engrossed, s. 828 Section 828. 25.156 (4) of the statutes is amended to read:

AB100-engrossed,494,21 25.156 (4) The members of the board shall promulgate rules restricting the executive director, executive assistant to the executive director, internal auditor, chief investment officer, chief financial officer, chief legal counsel, chief risk officer, investment directors and employes from having financial interest, directly or indirectly, in firms or corporations providing services to the department and governing the receipt of gifts or favors therefrom, and also governing personal investments of all employes including the executive director, executive assistant to the executive director, internal auditor, chief investment officer , chief financial officer, chief legal counsel, chief risk officer and investment directors to prevent conflicts of interest.

AB100-engrossed, s. 831 Section 831. 25.16 (2) of the statutes is amended to read:

AB100-engrossed,495,11 25.16 (2) Subject to authorization under s. 16.505, the executive director may appoint one division administrator a chief legal counsel, chief financial officer, chief risk officer and not more than 11 investment directors and shall appoint a chief investment officer and all other employes necessary to carry out the functions of the investment board, except that the investment board shall appoint the internal auditor and shall participate in the selection of the chief investment officer and investment directors and the internal auditor shall appoint his or her staff. The executive director shall appoint all employes outside the classified service, except blue collar and clerical employes. Neither the executive director, the internal auditor, the chief investment officer, the chief legal counsel, the chief financial officer, the chief risk officer, any investment director nor any other employe of the board shall have any financial interest, either directly or indirectly, in any firm engaged in the sale or marketing of real estate or investments of any kind, nor shall any of them render investment advice to others for remuneration.

AB100-engrossed, s. 831m Section 831m. 25.17 (1) (ae) of the statutes is created to read:

AB100-engrossed,495,13 25.17 (1) (ae) Arts board endowment fund (s. 25.33);

AB100-engrossed, s. 831s Section 831s. 25.17 (1) (af) of the statutes is created to read:

AB100-engrossed,495,15 25.17 (1) (af) Agricultural chemical cleanup fund (s. 25.468);

AB100-engrossed, s. 832 Section 832. 25.17 (1) (ag) of the statutes is repealed.

AB100-engrossed, s. 832e Section 832e. 25.17 (1) (d) of the statutes is created to read:

AB100-engrossed,495,18 25.17 (1) (d) Dry cleaner environmental response fund (s. 25.48);

AB100-engrossed, s. 832k Section 832k. 25.17 (1) (gm) of the statutes is created to read:

AB100-engrossed,495,20 25.17 (1) (gm) Historical legacy trust fund (s. 25.72);

AB100-engrossed, s. 832m Section 832m. 25.17 (1) (gn) of the statutes is created to read:

AB100-engrossed,495,22 25.17 (1) (gn) Historical society endowment fund (s. 25.73);

AB100-engrossed, s. 833 Section 833. 25.17 (1) (tm) of the statutes is created to read:

AB100-engrossed,495,24 25.17 (1) (tm) Support collections trust fund (s. 25.68);

AB100-engrossed, s. 834 Section 834. 25.17 (1) (xL) of the statutes is created to read:

AB100-engrossed,496,1 25.17 (1) (xL) Universal service fund (s. 25.95);

AB100-engrossed, s. 835 Section 835. 25.17 (2) (d) of the statutes is amended to read:

AB100-engrossed,496,9 25.17 (2) (d) Invest the clean water environmental improvement fund, and collect the principal and interest of all moneys loaned or invested from the clean water environmental improvement fund, as directed by the department of administration under s. 281.59 (2m). In making such investment, the investment board shall accept any reasonable terms and conditions that the department of administration specifies and is relieved of any obligations relevant to prudent investment of the fund, including those set forth under ch. 881.

AB100-engrossed, s. 836 Section 836. 25.17 (2) (e) of the statutes is created to read:

AB100-engrossed,496,17 25.17 (2) (e) Invest the transportation infrastructure loan fund, and collect the principal and interest of all moneys loaned or invested from transportation infrastructure loan fund, as directed by the department of administration under s. 85.52 (4m). In making such investment, the investment board shall accept any reasonable terms and conditions that the department of administration specifies and is relieved of any obligations relevant to prudent investment of the fund, including those set forth under ch. 881.

AB100-engrossed, s. 837 Section 837. 25.17 (13m) of the statutes is created to read:

AB100-engrossed,496,22 25.17 (13m) No later than 45 days after the end of each calendar quarter, submit a report to the department of administration and the cochairpersons of the joint committee on finance detailing all costs and expenses charged to funds under s. 25.18 (1) (a) or (m) during that calendar quarter.

AB100-engrossed, s. 838 Section 838. 25.17 (14) (intro.) of the statutes is amended to read:

AB100-engrossed,497,4 25.17 (14) (intro.)  The investment board shall, as As of December 31 of each year, make and file with the department of employe trust funds a report of the value of the assets of the fixed retirement investment trust and of the variable retirement investment trust, determined as of that date at market value for the variable retirement investment trust and on the following basis for the fixed retirement investment trust:

AB100-engrossed, s. 840m Section 840m. 25.19 (3) of the statutes is amended to read:

AB100-engrossed,497,8 25.19 (3) The state treasurer 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.

AB100-engrossed, s. 843 Section 843. 25.28 of the statutes is repealed.

AB100-engrossed, s. 844 Section 844. 25.29 (1) (a) of the statutes is amended to read:

AB100-engrossed,497,15 25.29 (1) (a) 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 23.31, 23.325 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.

AB100-engrossed, s. 845 Section 845. 25.29 (1) (b) of the statutes is amended to read:

AB100-engrossed,497,19 25.29 (1) (b) One percent of all sales and use taxes under s. 77.61 (1) on all-terrain vehicles, boats and snowmobiles collected by the department under ss. 23.33, 30.52 (4) and, 350.12 (7) and 350.122.

AB100-engrossed, s. 846 Section 846. 25.29 (1) (d) 1. of the statutes is amended to read:

AB100-engrossed,497,24 25.29 (1) (d) 1. An amount calculated by multiplying the number of snowmobiles registered under s. 350.12 or 350.122 on the last day of February of the previous fiscal year by 50 gallons and multiplying that product by the excise tax imposed under s. 78.01 (1) on the last day of February of the previous fiscal year.

AB100-engrossed, s. 847 Section 847. 25.29 (1) (dm) of the statutes is amended to read:

AB100-engrossed,498,8 25.29 (1) (dm) For fiscal year 1991-92 and for each fiscal year thereafter, an amount equal to the estimated all-terrain vehicle gas tax payment. The estimated all-terrain vehicle gas tax payment is calculated by multiplying the sum of the number of all-terrain vehicles registered for public use under s. 23.33 (2) (c) or (2g) and the number of reflectorized plates issued under s. 23.33 (2) (dm) on the last day of February of the previous fiscal year by 25 gallons and multiplying that product by the excise tax imposed under s. 78.01 (1) on the last day of February of the previous fiscal year.

AB100-engrossed, s. 847g Section 847g. 25.29 (4r) of the statutes, as created by 1997 Wisconsin Act 1, is repealed.

AB100-engrossed, s. 847m Section 847m. 25.33 of the statutes is created to read:

AB100-engrossed,498,14 25.33 Arts board endowment fund. There is established a separate nonlapsible endowment fund designated as the arts board endowment fund, to consist of:

AB100-engrossed,498,16 (1) All gifts, grants or bequests made to the fund. Notwithstanding s. 20.907 (1), the arts board may convert any noncash gift, grant or bequest into cash.

AB100-engrossed,498,17 (2) All moneys transferred to the fund under s. 20.215 (1) (fm).

AB100-engrossed,498,18 (3) The moneys deposited to the fund under s. 44.53 (2) (d).

AB100-engrossed, s. 848 Section 848. 25.36 (1) of the statutes is amended to read:

AB100-engrossed,499,14 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 purchase of mortgages issued with the proceeds of the 1981 veterans home loan revenue bond issuance in an amount sufficient to retire that bond issue or for the veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (w), (z) and (zm), 45.01, 45.25, 45.351 (1) and (2), 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 under s. 45.356, 1995 stats.; all moneys paid as expenses for, interest on and repayment of veterans personal loans; the net proceeds from the sale of mortgaged properties related to veterans personal loans; all mortgages issued with the proceeds of the 1981 veterans home loan revenue bond issuance purchased with moneys in the veterans trust fund; all moneys received from the state investment board under s. 45.356 (9) (b); all moneys received from the veterans mortgage loan repayment fund under s. 45.79 (7) (a) and (c); and all gifts of money received by the board of veterans affairs for the purposes of this fund.

AB100-engrossed, s. 849 Section 849. 25.40 (1) (a) 5m. of the statutes is created to read:

AB100-engrossed,499,17 25.40 (1) (a) 5m. Fees collected under s. 342.14 (1r) that are deposited in the environmental fund for environmental management.

AB100-engrossed, s. 849m Section 849m. 25.40 (1) (a) 9. of the statutes is repealed.

AB100-engrossed, s. 850 Section 850. 25.40 (1) (a) 13. of the statutes is created to read:

AB100-engrossed,499,21 25.40 (1) (a) 13. Moneys received under s. 110.065 that are deposited in the general fund and credited to the appropriation account under s. 20.395 (5) (dh).

AB100-engrossed, s. 851 Section 851. 25.40 (1) (a) 14. of the statutes is created to read:

AB100-engrossed,499,25 25.40 (1) (a) 14. Fees received under ss. 85.51 (1) and 348.26 (2) that are deposited in the general fund and credited to the appropriation account under s. 20.395 (5) (dg).

AB100-engrossed, s. 852 Section 852. 25.40 (1) (a) 15. of the statutes is created to read:

AB100-engrossed,500,3 25.40 (1) (a) 15. Moneys received under s. 85.52 that are deposited in the transportation infrastructure loan fund.