SECTION 694b. 24.78 of the statutes is amended to read:
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 ss. 44.72 (2) (a) and s. 43.70.
SECTION 694c. 25.156 (2) of the statutes is amended to read:
25.156 (2) The investment board shall employ an executive director, who shall serve outside the classified service. The executive director shall be qualified by training and prior experience to manage, administer and direct the investment of funds. The investment board shall fix the compensation of the executive director, and may award bonus compensation as authorized under sub. (6).
SECTION 694g. 25.156 (6) of the statutes is repealed.
SECTION 694n. 25.156 (7) of the statutes is repealed.
SECTION 694r. 25.16 (7) of the statutes is amended to read:
25.16 (7) The executive director shall fix the compensation of all employes appointed by the executive director, subject to restrictions set forth in the compensation plan under s. 230.12 or any applicable collective bargaining agreement in the case of employes in the classified service, but the investment board may provide for bonus compensation to employes in the unclassified service as authorized under s. 25.156 (6).
SECTION 694w. 25.165 (1) of the statutes is amended to read:
25.165 (1) There is created in the investment board an internal audit subunit, under the supervision of the internal auditor. The internal auditor shall report directly to the board and, subject to authorization under s. 16.505, shall appoint all employes necessary to carry out the duties of the internal auditor. The internal auditor shall appoint all employes outside the classified service, except blue collar and clerical employes. The internal auditor shall fix the compensation of all employes appointed by the internal auditor, subject to restrictions set forth in the compensation plan under s. 230.12 or any applicable collective bargaining agreement in the case of employes in the classified service, but the investment board may provide for bonus compensation to employes in the unclassified service as authorized under s. 25.156 (6).
SECTION 697d. 25.17 (1) (gf) of the statutes is created to read:
25.17 (1) (gf) Health insurance risk-sharing plan fund (s. 25.55);
SECTION 697m. 25.17 (1) (i) of the statutes is amended to read:
25.17 (1) (i) Information technology investment VendorNet fund (s. 25.61);
SECTION 698. 25.17 (1) (ka) of the statutes is created to read:
25.17 (1) (ka) Natural resources land endowment fund (s. 25.293);
SECTION 698m. 25.17 (1) (tc) of the statutes is created to read:
25.17 (1) (tc) Tobacco control fund (s. 25.66);
SECTION 701. 25.18 (2) (e) of the statutes is amended to read:
25.18 (2) (e) Contract with and delegate to investment advisers the management and control over assets from any fund or trust delivered to such investment advisers for investment in real estate, mortgages, equities, debt of foreign corporations and debt of foreign governments, and pay such advisers fees from the current income of the fund or trust being invested. No more than 15% 20% of the total assets of the fixed retirement investment trust or 15% 20% of the total assets of the variable retirement investment trust may be delivered to investment advisers. The board shall set performance standards for such investment advisers, monitor such investments to determine if performance standards are being met and if an investment adviser does not consistently meet the performance standards then terminate the contract with such investment adviser.
SECTION 701m. 25.186 of the statutes is created to read:
25.186 Broker-dealers located in this state. (1) In this section:
(a) "Broker-dealer" has the meaning given in s. 551.02 (3).
(b) "Securities trading brokerage commission" means any commission or fee paid on or for a brokered security transaction, a purchase of a security or any other kind of trade of a security.
(c) "Security" has the meaning given in s. 551.02 (13).
(2) (a) Of the total funds that are expended by the board for securities trading brokerage commissions in any fiscal year, the board shall pay at least 5% of the total funds in securities trading brokerage commissions to broker-dealers that are licensed under s. 551.31, that are headquartered in this state and whose principal business operations are located in this state.
(b) For the purpose of satisfying the requirement under par. (a), the board may not include any securities trading brokerage commissions paid to minority financial advisers and minority investment firms under s. 25.185.
(3) Annually, no later than September 30, the board shall submit a report to the department of administration documenting the amount of moneys expended in the preceding fiscal year by the board for securities trading brokerage commissions and the amount of moneys paid in the preceding fiscal year for securities trading brokerage commissions to broker-dealers under sub. (2) (a).
SECTION 702. 25.29 (1) (a) of the statutes is amended to read:
25.29 (1) (a) Except as provided in s. ss. 25.293 and 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) and 71.30 (10), including grants received from the federal government or any of its agencies except as otherwise provided by law.
SECTION 703. 25.293 of the statutes is created to read:
25.293 Natural resources land endowment fund. There is established a separate nonlapsible trust fund designated as the natural resources land endowment fund, to consist of:
(1) All gifts, grants or bequests made to the natural resources land endowment fund. The department of natural resources may convert any noncash gift, grant or bequest into cash for deposit into the fund.
(2) All interest and other income generated from these gifts, grants and bequests.
SECTION 704. 25.40 (1) (a) 18. of the statutes is created to read:
25.40 (1) (a) 18. Moneys received under s. 85.12 that are deposited in the general fund and credited to the appropriation account under s. 20.395 (5) (dk) or (dL).
SECTION 704m. 25.40 (1) (a) 19. of the statutes is created to read:
25.40 (1) (a) 19. Moneys received under s. 341.14 (6r) (b) 7. that are deposited in the general fund and credited to the appropriations under ss. 20.395 (5) (cL) and 20.505 (3) (j).
SECTION 706. 25.42 of the statutes is amended to read:
25.42 Wisconsin election campaign fund. All moneys appropriated under s. ss. 20.510 (1) (c) and 20.855 (4) (b) together with all moneys reverting to the state under s. 11.50 (8) and all gifts, bequests and devises received under s. 11.50 (13) constitute the Wisconsin election campaign fund, to be expended for the purposes of s. 11.50. All moneys in the fund not disbursed by the state treasurer shall continue to accumulate indefinitely.
SECTION 706q. 25.43 (1) (h) of the statutes is amended to read:
25.43 (1) (h) The fees imposed under ss. 281.58 (9) (d), 281.595 (11m) and 281.60 (11m).
SECTION 706s. 25.43 (2) (c) of the statutes is amended to read:
25.43 (2) (c) The department of administration may establish and change accounts in the environmental improvement fund other than those under pars. (a), (ae), (am) and (b). The department of administration shall consult the department of natural resources before establishing or changing an account that is needed to administer the programs under ss. 281.58, 281.59, 281.595 and or 281.61.
SECTION 707. 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 environmental improvement fund may be used only for the purposes authorized under ss. 20.320 (1) (r), (s), (sm), (t), (x) and (y) and, (2) (s) and (x) and (3) (q), 20.370 (4) (mt), (mx) and (nz), (8) (mr) and (9) (mt), (mx) and (ny), 20.505 (1) (v), (x) and (y), 281.58, 281.59, 281.595, 281.60, 281.61 and 281.62.
SECTION 708. 25.46 (1r) of the statutes is created to read:
25.46 (1r) The moneys transferred from the Wisconsin development reserve fund under 1999 Wisconsin Act .... (this act), section 9225 (1).
SECTION 711. 25.46 (12) of the statutes is created to read:
25.46 (12) The funds transferred under s. 292.65 (11).
SECTION 711m. 25.46 (19) of the statutes is amended to read:
25.46 (19) The environmental impact fee fees imposed under s. ss. 101.9208 (2) and 342.14 (1r) for environmental management.
SECTION 712. 25.465 (8) of the statutes is amended to read:
25.465 (8) The fees collected under s. 94.72 (5) (b) and (6) (a) 1. and 2. and (i).
SECTION 713. 25.47 of the statutes is renumbered 25.47 (intro.) and amended to read:
25.47 Petroleum inspection fund. (intro.) There is established a separate nonlapsible trust fund designated as the petroleum inspection fund, to consist of the:
(1) The fees imposed under s. 168.12 (1), the.
(2) The payments under s. 101.143 (4) (h) 1m., the
(3) The payments under s. 101.143 (5) (a) and the.
(4) The net recoveries under s. 101.143 (5) (c).
SECTION 714c. 25.47 (1m) of the statutes is created to read:
25.47 (1m) Any fees imposed under s. 101.143 (2) (em) 1.
SECTION 715. 25.47 (5) of the statutes is created to read:
25.47 (5) The moneys transferred from the appropriation account under s. 20.143 (3) (s).
SECTION 715e. 25.47 (6) of the statutes is created to read:
25.47 (6) The net proceeds of revenue obligations issued under s. 101.143 (9m) that are transferred from a separate and distinct fund outside the state treasury, in an account maintained by a trustee, under s. 18.562 (3) and (5) (e).
SECTION 716. 25.48 of the statutes is amended to read:
25.48 Dry cleaner environmental response fund. There is established a separate nonlapsible trust fund designated as the dry cleaner environmental response fund, to consist of the moneys required under s. 77.9964 (3) to be deposited in the fund and moneys collected under ss. 292.65 (9) (c) and (9m).
SECTION 717. 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, local professional baseball park district created under subch. III of ch. 229, family care district under s. 46.2895, 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 717d. 25.55 of the statutes is created to read:
25.55 Health insurance risk-sharing plan fund. There is established a separate nonlapsible trust fund designated as the health insurance risk-sharing plan fund, to consist of:
(1) All moneys appropriated under s. 20.435 (4) (af).
(2) All moneys appropriated under s. 20.435 (4) (ah).
(3) Insurer assessments under ch. 149.
(4) Premiums paid by eligible persons under ch. 149.
SECTION 717g. 25.61 of the statutes is amended to read:
25.61 Information technology investment VendorNet fund. There is created a separate nonlapsible trust fund designated as the information technology investment VendorNet fund consisting of all revenues accruing to the state from fees assessed under ss. 16.701 and 16.702 and from gifts, grants and bequests made for information technology development the purposes of ss. 16.701 and 16.702 and moneys transferred to the fund from other funds.
SECTION 717r. 25.61 of the statutes, as affected by 1995 Wisconsin Act 351, section 4m, 1997 Wisconsin Act 36, section 5, and 1999 Wisconsin Act .... (this act), is repealed and recreated to read:
25.61 VendorNet fund. There is created a separate nonlapsible trust fund designated as the VendorNet fund consisting of all revenues accruing to the state from fees assessed under s. 16.701 and from gifts, grants and bequests made for the purposes of s. 16.701 and moneys transferred to the fund from other funds.
SECTION 717t. 25.66 of the statutes is created to read:
25.66 Tobacco control fund. (1) There is created a separate nonlapsible trust fund, known as the tobacco control fund, to consist of the following:
(a) The first $2,492,000 of the moneys received in fiscal year 1999-2000 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.
(b) Beginning in fiscal year 2000-01, the first $26,600,000 of the moneys received each year under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.
(2) Amounts in the fund may be distributed only for the purposes specified in s. 255.15.
SECTION 718. 25.80 of the statutes is amended to read:
25.80 Tuition trust fund. There is established a separate nonlapsible trust fund designated as the tuition trust fund, consisting of all revenue from enrollment fees and the sale of tuition units under s. 16.24 14.63.
SECTION 718g. 26.08 (2) (a) of the statutes is amended to read:
26.08 (2) (a) Except as provided under pars. (b) and (c) to (d), the department may lease state park land or state forest land for terms not exceeding 15 years.
