AB144: Bill Text

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AB144, s. 1105 Section 1105. 25.17 (1) (ee) of the statutes is repealed.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AB144, s. 1107 Section 1107. 25.17 (1) (f) of the statutes is repealed.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:

AB144,646,15 25.66 (1) (b) Except as provided in sub. (1m) (a), the first $12,006,400 of the moneys received in fiscal year 2001-02 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.

AB144, s. 1136 Section 1136. 25.66 (1) (c) of the statutes is created to read:

AB144,646,19 25.66 (1) (c) Except as provided in sub. (1m) (b), the first $21,169,200 of the moneys received in fiscal year 2002-03 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.

AB144, s. 1137 Section 1137. 25.66 (1m) of the statutes is created to read:

AB144,647,2 25.66 (1m) (a) If the state has not received in fiscal year 2001-02 at least $12,006,400 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, because the secretary of administration, under s. 16.63, has sold the state's right to receive payments under the Agreement, the tobacco control fund shall also consist of any moneys transferred to the tobacco control fund from the general fund under s. 16.519 (3).

AB144,647,8 (b) If the state has not received in fiscal year 2002-03 at least $21,169,200 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, because the secretary of administration, under s. 16.63, has sold the state's right to receive payments under the Agreement, the tobacco control fund shall also consist of any moneys transferred to the tobacco control fund from the general fund under s. 16.519 (4).

AB144, s. 1138 Section 1138. 25.67 (2) (b) of the statutes is amended to read:

AB144,647,11 25.67 (2) (b) All moneys in the fund that are not appropriated under s. 20.433 (1) (r) or expended under s. 20.433 (1) (q) shall continue to accumulate indefinitely.

AB144, s. 1139 Section 1139. 25.68 (4) of the statutes is created to read:

AB144,647,16 25.68 (4) All moneys received from the department of revenue under s. 49.855 that were withheld for delinquent child support, family support, or maintenance or outstanding court-ordered amounts for past support, medical expenses, or birth expenses.

AB144, s. 1140 Section 1140. 25.69 of the statutes is created to read:

AB144,647,24 25.69 Permanent endowment fund. There is established a separate nonlapsible trust fund designated as the permanent endowment fund, consisting of all of the proceeds from the sale of the state's right to receive payments under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, and all investment earnings on the proceeds. Moneys in the permanent endowment fund shall be used only to make the transfers under s. 20.855 (4) (rc), (rh), (rp), and (rv).

AB144, s. 1141 Section 1141. 25.69 of the statutes, as created by 2001 Wisconsin Act .... (this act), is amended to read:

AB144,648,9 25.69 Permanent endowment fund. There is established a separate nonlapsible trust fund designated as the permanent endowment fund, consisting of all of the proceeds from the sale of the state's right to receive payments under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, and all investment earnings on the proceeds. Moneys in the permanent endowment fund shall be used only to make the transfers under s. 20.855 (4) (rc), (rh), (rp), and (rv).

AB144, s. 1142 Section 1142. 25.73 (2) of the statutes is amended to read:

AB144,648,11 25.73 (2) All moneys transferred to the fund under s. 20.245 (4) (1) (s).

AB144, s. 1143 Section 1143. 25.77 of the statutes is created to read:

AB144,648,15 25.77 Medical assistance trust fund. There is created a separate nonlapsible trust fund designated as the medical assistance trust fund, consisting of all of the following:

AB144,648,20 (1) All federal moneys received, including moneys that the department of health and family services may transfer from the appropriation under s. 20.435 (4) (o), that are related to payments under s. 49.45 (6m) and are based on public funds that are transferred or certified under 42 CFR 433.51 (b) and used as the non-federal share of medical assistance funding.