AB144: Bill Text

AB144,637,12 24.66 (3v) For federated public library systems. An application for a loan by a federated public library system shall be accompanied by a certified copy of a resolution of the board of the federated public library system approving the loan.

AB144, s. 1094 Section 1094. 24.66 (4) of the statutes is renumbered 24.66 (4) (a) and amended to read:

AB144,637,22 24.66 (4) (a) If any municipality other than a school district 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 called, noticed and held in the manner provided for other special elections. The question to be voted on shall be filed as provided in s. 8.37. The notice of the election shall state the amount of the proposed loan and the purpose for which it will be used.

AB144, s. 1095 Section 1095. 24.66 (4) (b) of the statutes is created to read:

AB144,638,9 24.66 (4) (b) If any school district 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 the next regularly scheduled spring election or general election that occurs not sooner than 42 days after the filing of the resolution under sub. (5) or at a special election held on the Tuesday after the first Monday in November in an odd-numbered year if that date occurs not sooner than 42 days after the filing of the resolution under sub. (5). The referendum shall be called, noticed, and held in the manner provided for other referenda. The notice of the referendum shall state the amount of the proposed loan and the purpose for which it will be used.

AB144, s. 1096 Section 1096. 24.67 (1) (intro.) of the statutes is amended to read:

AB144,638,15 24.67 (1) (intro.) If the board approves the application, it shall cause certificates of indebtedness to be prepared in proper form and transmitted to the municipality or, cooperative educational service agency, or federated public library system submitting the application. The certificate of indebtedness shall be executed and signed:

AB144, s. 1097 Section 1097. 24.67 (1) (m) of the statutes is created to read:

AB144,638,17 24.67 (1) (m) For a federated public library system, by its president.

AB144, s. 1098 Section 1098. 24.67 (2) (h) of the statutes is created to read:

AB144,638,21 24.67 (2) (h) For a federated public library system, by a member of the federated public library system board designated by that board who is not the president of that board.

AB144, s. 1099 Section 1099. 24.67 (3) of the statutes is amended to read:

AB144,639,8 24.67 (3) If a municipality has acted under subs. (1) and (2), it shall certify that fact to the department of administration. Upon receiving a certification from a municipality, or upon direction of the board if a loan is made to a cooperative educational service agency or a federated public library system, the secretary of administration shall draw a warrant upon the state treasurer for the amount of the loan, payable to the treasurer of the municipality or , cooperative educational service agency, or federated public library system making the loan or as the treasurer of the municipality or, cooperative educational service agency, or federated public library system directs. The certificate of indebtedness shall then be conclusive evidence of the validity of the indebtedness and that all the requirements of law concerning the application for the making and acceptance of the loan have been complied with.

AB144, s. 1100 Section 1100. 24.70 (1) of the statutes is amended to read:

AB144,639,11 24.70 (1) Applicability. This section applies to all outstanding state trust fund loans to borrowers other than school districts and federated public library systems.

AB144, s. 1101 Section 1101. 24.715 of the statutes is created to read:

AB144,639,15 24.715 Collections from federated public library systems. (1) Applicability. This section applies to all outstanding trust fund loans to federated public library systems.

AB144,639,20 (2) Certified statement. If a federated public library system has a state trust fund loan, the board shall transmit to the system board 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 public instruction.

AB144,640,2 (3) Payment to state treasurer. The system board shall transmit to the state treasurer on its own order the full amount levied for state trust fund loans within 15 days after March 15. The state treasurer shall notify the board when he or she receives payment. Any payment not made by March 30 is delinquent and is subject to a penalty of one percent per month or fraction thereof, to be paid to the state treasurer with the delinquent payment.

AB144,640,7 (4) Failure to make payment. If the system board fails to remit the amounts due under sub. (3), the state superintendent, upon certification of delinquency by the board, shall deduct the amount due including any penalty from any aid payments due the system, shall remit such amount to the state treasurer and, no later than June 15, shall notify the system board and the board to that effect.

AB144, s. 1102 Section 1102. 25.14 (1) (a) 15. of the statutes is created to read:

AB144,640,9 25.14 (1) (a) 15. The permanent endowment fund.

AB144, s. 1103 Section 1103. 25.15 (2) (intro.) of the statutes is amended to read:

AB144,640,13 25.15 (2) Standard of responsibility. (intro.) The Except as provided in s. 25.18 (1) (p), the standard of responsibility applied to the board when it invests money or property shall be all of the following:

AB144, s. 1104 Section 1104. 25.17 (1) (ag) of the statutes is created to read:

AB144,640,15 25.17 (1) (ag) Agricultural producer security fund (s. 25.463);

AB144, s. 1105 Section 1105. 25.17 (1) (ee) of the statutes is repealed.

AB144, s. 1106 Section 1106. 25.17 (1) (eq) of the statutes is created to read:

AB144,640,18 25.17 (1) (eq) Farm rewiring fund (s. 25.98);

AB144, s. 1107 Section 1107. 25.17 (1) (f) of the statutes is repealed.

AB144, s. 1108 Section 1108. 25.17 (1) (jv) of the statutes is created to read:

AB144,640,21 25.17 (1) (jv) Medical assistance trust fund (s. 25.77);

AB144, s. 1109 Section 1109. 25.17 (1) (kr) of the statutes is created to read:

AB144,640,23 25.17 (1) (kr) Permanent endowment fund (s. 25.69);

AB144, s. 1110 Section 1110. 25.17 (1) (te) of the statutes is created to read:

AB144,640,25 25.17 (1) (te) Tax relief fund (s. 25.63);

AB144, s. 1111 Section 1111. 25.17 (16) of the statutes is created to read:

AB144,641,6 25.17 (16) (a) Annually, after June 1 but not later than June 15, beginning in 2004, calculate the amount of moneys that are available in the permanent endowment fund for transfer to the general fund under s. 16.519. For the purpose of this calculation, moneys that are available in the permanent endowment fund for transfer to the general fund shall equal the sum of the following:

AB144,641,10 1. An amount that equals 8.5% of the market value of the investments in the permanent endowment fund on June 1. For the purpose of making the calculation under this subdivision, the board shall not include any amounts or investments specified in subds. 2. and 3.

AB144,641,13 2. All proceeds of, and investment earnings on, investments of the permanent endowment fund made at the direction of the secretary of administration under s. 25.18 (1) (p) that are received in the fiscal year.

AB144,641,17 3. All other amounts identified by the secretary of administration as payments of residual interests to the state from the sale of the state's right to receive payments under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, that are received in the fiscal year.

AB144,641,22 (b) Annually, beginning in 2004, submit to the secretary of administration and to the chief clerk of each house, for distribution to the appropriate standing committees under s. 13.172 (3), a report specifying the amount of moneys that are available in the permanent endowment fund for transfer to the general fund under s. 16.519.

AB144, s. 1112 Section 1112. 25.18 (1) (o) of the statutes is created to read:

AB144,642,2 25.18 (1) (o) Invest any of the assets of the permanent endowment fund in any investment that is an authorized investment for assets in the fixed retirement investment trust under s. 25.17 (4) or assets in the variable retirement investment trust under s. 25.17 (5).

AB144, s. 1113 Section 1113. 25.18 (1) (p) of the statutes is created to read:

AB144,642,5 25.18 (1) (p) 1. If directed by the secretary of administration, invest any of the assets in the permanent endowment fund in any of the following:

AB144,642,9 a. Evidences of indebtedness, including subordinated obligations, that are secured by tobacco settlement revenues, as defined in s. 16.63 (1) (c), and that are issued by a corporation or company established under s. 16.63 (3) or 231.215 or by the Wisconsin health and educational facilities authority.

AB144,642,11 b. Certificates or other evidences of ownership interest in all or any portion of tobacco settlement revenues, as defined in s. 16.63 (1) (c).

AB144,642,15 2. If directed by the secretary of administration to make the investments under subd. 1., the board shall invest the assets under that subdivision subject to any terms and conditions specified by the secretary and shall not be subject to the standard of responsibility under s. 25.15 (2).

AB144, s. 1114 Section 1114. 25.29 (3) (intro.) of the statutes is renumbered 25.29 (3) and amended to read:

AB144,642,22 25.29 (3) Funds accruing to the conservation fund from license fees paid by hunters and from sport and recreation fishing license fees shall not be diverted for any other purpose than those provided by the department, except: the administration of the department when it is exercising its responsibilities that are specific to the management of the fish and wildlife resources of this state.

AB144, s. 1115 Section 1115. 25.29 (3) (a) of the statutes is repealed.

AB144, s. 1116 Section 1116. 25.29 (3) (b) of the statutes is repealed.

AB144, s. 1117 Section 1117. 25.29 (3) (c) of the statutes is repealed.

AB144, s. 1118 Section 1118. 25.29 (4m) of the statutes is amended to read:

AB144,643,5 25.29 (4m) Notwithstanding sub. (3), no No moneys that accrue to the state for or in behalf of the department under ch. 29 may be expended or paid for the enforcement of the treaty-based, off-reservation rights to fish held by members of federally recognized American Indian tribes or bands domiciled in Wisconsin.

AB144, s. 1119 Section 1119. 25.29 (6) of the statutes is amended to read:

AB144,643,11 25.29 (6) All moneys received from the United States for fire prevention and control, forest planting, and other forestry activities, and for wildlife restoration projects and fish restoration and management projects , and for other purposes, and as provided in s. 29.037, shall be devoted to the purposes for which these moneys are received.

AB144, s. 1120 Section 1120. 25.36 (1) of the statutes is amended to read:

AB144,644,5 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 for the veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (w), (z), and (zm), 45.01 45.014, 45.25, 45.351 (1), 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.

AB144, s. 1121 Section 1121. 25.40 (1) (a) 4m. of the statutes is created to read:

AB144,644,9 25.40 (1) (a) 4m. Moneys received from telecommunications providers or cable telecommunications service providers that are deposited in the general fund and credited to the appropriation account under s. 20.395 (3) (jh).

AB144, s. 1122 Section 1122. 25.40 (1) (a) 21. of the statutes is created to read:

AB144,644,14 25.40 (1) (a) 21. Moneys received as payment for losses of and damage to state property for costs associated with repair or replacement of such property that are deposited in the general fund and credited to the appropriation account under s. 20.395 (3) (jj).

AB144, s. 1123 Section 1123. 25.40 (1) (cd) of the statutes is created to read:

AB144,644,17 25.40 (1) (cd) Taxes on the sale and use of noncommercial aircraft under ch. 77 as determined under s. 77.65.

AB144, s. 1124 Section 1124. 25.44 of the statutes is repealed.

AB144, s. 1125 Section 1125. 25.46 (1k) of the statutes is created to read:

AB144,644,20 25.46 (1k) The moneys transferred under s. 20.505 (8) (hm) 20.

AB144, s. 1126 Section 1126. 25.46 (1m) of the statutes is repealed.

AB144, s. 1127 Section 1127. 25.46 (20) of the statutes is created to read:

AB144,644,24 25.46 (20) All moneys received in settlement of actions initiated under 42 USC 9601 to 9675 for environmental management.

AB144, s. 1128 Section 1128. 25.463 of the statutes is created to read:

AB144,645,5 25.463 Agricultural producer security fund. There is established a separate nonlapsible trust fund designated as the agricultural producer security fund, to consist of all fees, surcharges, assessments, reimbursements, and proceeds of surety bonds received by the department of agriculture, trade and consumer protection under ch. 126.

AB144, s. 1129 Section 1129. 25.47 (7) of the statutes is created to read:

AB144,645,7 25.47 (7) The fees imposed under s. 101.09 (3) (d).

AB144, s. 1130 Section 1130. 25.50 (3) (b) of the statutes is amended to read:

AB144,645,15 25.50 (3) (b) On the dates specified and to the extent to which they are available, subject to s. 16.53 (10), funds payable to local governments under ss. 79.03, 79.04, 79.05, 79.058, 79.06, 79.065, 79.08, and 79.10 shall be considered local funds and, pursuant to the instructions of local officials, may be paid into the separate accounts of all local governments established in the local government pooled-investment fund and, pursuant to the instructions of local officials, to the extent to which they are available, be disbursed or invested.

AB144, s. 1131 Section 1131. 25.60 of the statutes is repealed and recreated to read:

AB144,645,19 25.60 Budget stabilization fund. There is created a separate nonlapsible trust fund designated as the budget stabilization fund, consisting of moneys transferred to the fund from the general fund under s. 16.518 (3).

AB144, s. 1132 Section 1132. 25.61 of the statutes is amended to read:

AB144,645,25 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. ss. 16.701 and 16.702 (1) and from gifts, grants, and bequests made for the purposes of s. ss. 16.701 and 16.702 (1) and moneys transferred to the fund from other funds.

AB144, s. 1133 Section 1133. 25.63 of the statutes is created to read:

AB144,646,4 25.63 Tax relief fund. There is created a separate nonlapsible trust fund designated as the tax relief fund, consisting of moneys transferred to the fund from the general fund under s. 16.518 (4).

AB144, s. 1134 Section 1134. 25.66 (1) of the statutes is renumbered 25.66 (1) (intro.) and amended to read:

AB144,646,8 25.66 (1) (intro.) There is created a separate nonlapsible trust fund, known as the tobacco control fund, to consist of, in fiscal year 1999-2000, the following:

AB144,646,11 (a) The first $23,500,000 of the moneys received in fiscal year 1999-2000 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.

AB144, s. 1135 Section 1135. 25.66 (1) (b) of the statutes is created to read: