AB100-engrossed,491,2321
24.60
(1r) "Educational technology" means technology used in the education
22or training of any person or in the administration of an elementary or secondary
23school or a public library.
AB100-engrossed,492,4
124.61
(3) (c) 2. a. The school board is subject to an order issued by the
2department of education state superintendent of public instruction under s. 115.33
3(3) after December 31, 1991, regarding noncompliance with the standard under s.
4121.02 (1) (i).
AB100-engrossed,492,126
24.61
(3) (d)
Reserve for loans for educational technology and distance
7education projects. Subject to the priority established under par. (c), to the extent
8practicable, in fiscal years 1996-97 to
1999-2000
2002-03, annually the board shall
9reserve $15,000,000 for the purposes of giving priority to loans to school districts,
10counties, municipalities and consortia, other than consortia that include one or more
11technical college districts, for educational technology and distance education
12projects
under s. 16.992.
AB100-engrossed,492,2315
24.66
(1) For all municipalities. (intro.) No trust fund loan may be made
16unless an application is made to the board under this section. The application shall
17state the amount of money required, the purpose to which it is to be applied, the times
18and terms of repayment, whether the loan is sought for an educational technology
19or distance education project under s. 24.61 (3) (d),
and if so, whether the educational
20technology board has approved a grant to pay a portion of the interest on the loan
21under s. 16.992 (3) (b) and
, in the case of a cooperative educational service agency,
22the names of the school districts participating in the distance education project for
23which the loan is sought. The application shall be accompanied by satisfactory proof:
AB100-engrossed,493,7
124.66
(3) (b)
For long-term loans by unified school districts. Every application
2for a loan, the required repayment of which exceeds 10 years, shall be approved and
3authorized for a unified school district by a majority vote of the members of the school
4board at a regular or special meeting of the school board. Every vote so required shall
5be by ayes and noes duly recorded. In addition, the application shall be approved for
6a unified school district by a majority vote of the electors of the school district at a
7special election referendum as provided under sub. (4).
AB100-engrossed,493,169
24.66
(4) Popular vote, when required. If any municipality is not empowered
10by law to incur indebtedness for a particular purpose without first submitting the
11question to its electors, the application for a state trust fund loan for that purpose
12must be approved and authorized by a majority vote of the electors at a
special
13election referendum called
,
in accordance with s. 8.065, and noticed and held in the
14manner provided for other
special elections referenda. The notice of the
election 15referendum shall state the amount of the proposed loan and the purpose for which
16it will be used.
AB100-engrossed,493,2319
24.71
(2) Certified statement. If a school district has a state trust fund loan,
20the board shall transmit to the school district clerk a certified statement of the
21amount due on or before October 1 of each year until the loan is paid. The board shall
22furnish a copy of each certified statement to the state treasurer and the department
23of
education public instruction.
AB100-engrossed,494,4
124.78 Distribution of the common school fund income. Under article X,
2section 5, of the constitution the common school fund income shall be distributed to
3the school districts among the several towns, villages and cities of the state for the
4support of common schools therein, as provided in
s.
ss. 44.72 (2) (a) and 43.70.
AB100-engrossed,494,106
25.156
(3) The members of the board shall appoint an investment director
or
7the executive assistant to the executive director, internal auditor, chief investment
8officer, chief financial officer, chief legal counsel or chief risk officer to act as assistant
9director, except that until the appointment is made by the members of the board, the
10executive director may temporarily designate the assistant director.
AB100-engrossed,494,2112
25.156
(4) The members of the board shall promulgate rules restricting the
13executive director,
executive assistant to the executive director, internal auditor,
14chief investment officer,
chief financial officer, chief legal counsel, chief risk officer, 15investment directors and employes from having financial interest, directly or
16indirectly, in firms or corporations providing services to the department and
17governing the receipt of gifts or favors therefrom, and also governing personal
18investments of all employes including the executive director,
executive assistant to
19the executive director, internal auditor, chief investment officer
, chief financial
20officer, chief legal counsel, chief risk officer and investment directors to prevent
21conflicts of interest.
AB100-engrossed,495,1123
25.16
(2) Subject to authorization under s. 16.505, the executive director may
24appoint
one division administrator a chief legal counsel, chief financial officer, chief
25risk officer and
not more than 11 investment directors and shall appoint a chief
1investment officer and all other employes necessary to carry out the functions of the
2investment board, except that the investment board shall appoint the internal
3auditor and shall participate in the selection of the chief investment officer and
4investment directors and the internal auditor shall appoint his or her staff. The
5executive director shall appoint all employes outside the classified service, except
6blue collar and clerical employes. Neither the executive director, the internal
7auditor, the chief investment officer,
the chief legal counsel, the chief financial officer,
8the chief risk officer, any investment director nor any other employe of the board
9shall have any financial interest, either directly or indirectly, in any firm engaged in
10the sale or marketing of real estate or investments of any kind, nor shall any of them
11render investment advice to others for remuneration.
AB100-engrossed,495,1313
25.17
(1) (ae) Arts board endowment fund (s. 25.33);
AB100-engrossed,495,1515
25.17
(1) (af) Agricultural chemical cleanup fund (s. 25.468);
AB100-engrossed,495,1818
25.17
(1) (d) Dry cleaner environmental response fund (s. 25.48);
AB100-engrossed,495,2020
25.17
(1) (gm) Historical legacy trust fund (s. 25.72);
AB100-engrossed,495,2222
25.17
(1) (gn) Historical society endowment fund (s. 25.73);
AB100-engrossed,495,2424
25.17
(1) (tm) Support collections trust fund (s. 25.68);
AB100-engrossed,496,1
125.17
(1) (xL) Universal service fund (s. 25.95);
AB100-engrossed,496,93
25.17
(2) (d) Invest the
clean water
environmental improvement fund, and
4collect the principal and interest of all moneys loaned or invested from the
clean
5water environmental improvement fund, as directed by the department of
6administration under s. 281.59 (2m). In making such investment, the investment
7board shall accept any reasonable terms and conditions that the department of
8administration specifies and is relieved of any obligations relevant to prudent
9investment of the fund, including those set forth under ch. 881.
AB100-engrossed,496,1711
25.17
(2) (e) Invest the transportation infrastructure loan fund, and collect the
12principal and interest of all moneys loaned or invested from transportation
13infrastructure loan fund, as directed by the department of administration under s.
1485.52 (4m). In making such investment, the investment board shall accept any
15reasonable terms and conditions that the department of administration specifies and
16is relieved of any obligations relevant to prudent investment of the fund, including
17those set forth under ch. 881.
AB100-engrossed,496,2219
25.17
(13m) No later than 45 days after the end of each calendar quarter,
20submit a report to the department of administration and the cochairpersons of the
21joint committee on finance detailing all costs and expenses charged to funds under
22s. 25.18 (1) (a) or (m) during that calendar quarter.
AB100-engrossed,497,424
25.17
(14) (intro.)
The investment board shall, as As of December 31 of each
25year, make and file with the department of employe trust funds a report of the value
1of the assets of the fixed retirement investment trust and of the variable retirement
2investment trust, determined as of that date at market value for the variable
3retirement investment trust and on the following basis for the fixed retirement
4investment trust:
AB100-engrossed,497,86
25.19
(3) The state treasurer shall
, at the direction of the depository selection
7board under s. 34.045 (1) (b), allocate bank service costs to the funds incurring those
8costs.
AB100-engrossed,497,1511
25.29
(1) (a) Except as provided in s. 25.295, all moneys accruing to the state
12for or in behalf of the department under chs. 26, 27, 28, 29 and 350, subchs. I and VI
13of 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
14and 71.10 (5), including grants received from the federal government or any of its
15agencies except as otherwise provided by law.
AB100-engrossed,497,1917
25.29
(1) (b) One percent of all sales and use taxes under s. 77.61 (1) on
18all-terrain vehicles, boats and snowmobiles collected
by the department under ss.
1923.33, 30.52 (4)
and, 350.12
(7) and 350.122.
AB100-engrossed,497,2421
25.29
(1) (d) 1. An amount calculated by multiplying the number of
22snowmobiles registered under s. 350.12
or 350.122 on the last day of February of the
23previous fiscal year by 50 gallons and multiplying that product by the excise tax
24imposed under s. 78.01 (1) on the last day of February of the previous fiscal year.
AB100-engrossed,498,8
125.29
(1) (dm) For fiscal year 1991-92 and for each fiscal year thereafter, an
2amount equal to the estimated all-terrain vehicle gas tax payment. The estimated
3all-terrain vehicle gas tax payment is calculated by multiplying the sum of the
4number of all-terrain vehicles registered for public use under s. 23.33 (2) (c)
or (2g) 5and the number of reflectorized plates issued under s. 23.33 (2) (dm) on the last day
6of February of the previous fiscal year by 25 gallons and multiplying that product by
7the excise tax imposed under s. 78.01 (1) on the last day of February of the previous
8fiscal year.
AB100-engrossed,498,14
1225.33 Arts board endowment fund. There is established a separate
13nonlapsible endowment fund designated as the arts board endowment fund, to
14consist of:
AB100-engrossed,498,16
15(1) All gifts, grants or bequests made to the fund. Notwithstanding s. 20.907
16(1), the arts board may convert any noncash gift, grant or bequest into cash.
AB100-engrossed,498,17
17(2) All moneys transferred to the fund under s. 20.215 (1) (fm).
AB100-engrossed,498,18
18(3) The moneys deposited to the fund under s. 44.53 (2) (d).
AB100-engrossed,499,1420
25.36
(1) Except as provided in sub. (2), all moneys appropriated or transferred
21by law shall constitute the veterans trust fund which shall be used
exclusively for the
22purchase of mortgages issued with the proceeds of the 1981 veterans home loan
23revenue bond issuance in an amount sufficient to retire that bond issue or for the
24veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (w), (z) and (zm),
2545.01, 45.25, 45.351 (1)
and (2), 45.353, 45.356, 45.357, 45.396, 45.397 and 45.43 (7)
1and administered by the department of veterans affairs, including all moneys
2received from the federal government for the benefit of veterans or their dependents;
3all moneys paid as interest on and repayment of loans under the post-war
4rehabilitation fund; soldiers rehabilitation fund, veterans housing funds as they
5existed prior to July 1, 1961; all moneys paid as interest on and repayment of loans
6under this fund; all moneys paid as expenses for, interest on and repayment of
7veterans trust fund stabilization loans
under s. 45.356, 1995 stats.; all moneys paid
8as expenses for, interest on and repayment of veterans personal loans; the net
9proceeds from the sale of mortgaged properties related to veterans personal loans; 10all mortgages issued with the proceeds of the 1981 veterans home loan revenue bond
11issuance purchased with moneys in the veterans trust fund;
all moneys received from
12the state investment board under s. 45.356 (9) (b); all moneys received from the
13veterans mortgage loan repayment fund under s. 45.79 (7) (a) and (c); and all gifts
14of money received by the board of veterans affairs for the purposes of this fund.
AB100-engrossed,499,1716
25.40
(1) (a) 5m. Fees collected under s. 342.14 (1r) that are deposited in the
17environmental fund for environmental management.
AB100-engrossed,499,2120
25.40
(1) (a) 13. Moneys received under s. 110.065 that are deposited in the
21general fund and credited to the appropriation account under s. 20.395 (5) (dh).
AB100-engrossed,499,2523
25.40
(1) (a) 14. Fees received under ss. 85.51 (1) and 348.26 (2) that are
24deposited in the general fund and credited to the appropriation account under s.
2520.395 (5) (dg).
AB100-engrossed,500,32
25.40
(1) (a) 15. Moneys received under s. 85.52 that are deposited in the
3transportation infrastructure loan fund.
AB100-engrossed,500,65
25.40
(1) (a) 16. Moneys received under s. 341.14 (6r) (b) 6. that are deposited
6in the children's trust fund.
AB100-engrossed,500,108
25.40
(1) (a) 17. Moneys received under s. 341.14 (6r) (bg) 2. that are deposited
9in the general fund and credited under s. 341.14 (6r) (bg) 3. b. to the appropriation
10under s. 20.525 (1) (gm).
AB100-engrossed,500,1212
25.40
(1) (bm) The state rental vehicle fee under subch. XI of ch. 77.
AB100-engrossed, s. 854k
13Section 854k. 25.40 (1) (f) of the statutes is renumbered 25.40 (1) (f) (intro.)
14and amended to read:
AB100-engrossed,500,1715
25.40
(1) (f) (intro.) All federal aid for aeronautics, highways and other
16transportation purposes made available by any act of congress, subject to applicable
17federal regulations
., except all of the following:
AB100-engrossed,500,2119
25.40
(1) (f) 1. Moneys received from the federal government, for the regulation
20of railroads, that are deposited in the general fund and credited to the appropriation
21under s. 20.155 (2) (m).
AB100-engrossed,500,2322
2. Moneys received under s. 106.26 that are deposited in the general fund and
23credited to the appropriation under s. 20.445 (1) (ox).
AB100-engrossed,501,2
125.405 Transportation infrastructure loan fund. (1) Definition. In this
2section, "fund" means the transportation infrastructure loan fund.
AB100-engrossed,501,4
3(2) Creation. There is established a separate nonlapsible trust fund
4designated as the transportation infrastructure loan fund, to consist of: