2005 Wisconsin Act 25

25.17 (1) (afp) Agricultural college fund (s. 24.82), but subject to the terms of delegation under s. 24.61 (2) (c);

25,520m Section 520m. 25.17 (1) (ap) of the statutes is renumbered 25.17 (1) (tw) and amended to read:

25.17 (1) (tw) Budget stabilization Taxpayer protection fund (s. 25.60);

25,521 Section 521. 25.17 (1) (axp) of the statutes is created to read:

25.17 (1) (axp) Common school fund (s. 24.76), but subject to the terms of delegation under s. 24.61 (2) (c);

25,522c Section 522c. 25.17 (1) (gf) of the statutes is repealed.

25,523 Section 523. 25.17 (1) (kd) of the statutes is created to read:

25.17 (1) (kd) Normal school fund (s. 24.80), but subject to the terms of delegation under s. 24.61 (2) (c);

25,524 Section 524. 25.17 (1) (xLc) of the statutes is created to read:

25.17 (1) (xLc) University fund (s. 24.81), but subject to the terms of delegation under s. 24.61 (2) (c);

25,525 Section 525. 25.17 (1) (zm) of the statutes is amended to read:

25.17 (1) (zm) All other funds of the state or of any state department or institution, except funds which under article X of the constitution are controlled and invested by the board of commissioners of public lands, funds which are required by specific provision of law to be controlled and invested by any other authority, and moneys in the University of Wisconsin trust funds, and in the trust funds of the state universities.

25,525m Section 525m. 25.17 (9) of the statutes is amended to read:

25.17 (9) Give advice and assistance requested by the board of commissioners of public lands or the board of regents of the University of Wisconsin System concerning the investment of any moneys that under sub. (1) are excepted from the moneys to be loaned or invested by the investment board, and assign, sell, convey and deed to the board of commissioners of public lands or the board of regents of the University of Wisconsin System any investments made by the investment board as may be mutually agreeable. The cost of any services rendered to the board of commissioners of public lands or the board of regents of the University of Wisconsin System under this section shall be charged to the fund to which the moneys invested belong and shall be added to the appropriation to the investment board in s. 20.536.

25,525t Section 525t. 25.17 (13m) of the statutes is amended to read:

25.17 (13m) No later than 45 days after the end of each calendar quarter, submit a report to the department of administration, the cochairpersons of the joint legislative audit committee, 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. The report shall include a breakdown of the amount and percentage of assets managed under each type of dedicated and commingled account or partnership, and the change in the amount and percentage from the prior calendar quarter.

25,528d Section 528d. 25.18 (2) (e) of the statutes is renumbered 25.18 (2) (e) 1. and amended to read:

25.18 (2) (e) 1. 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, and debt and pay such advisers fees from the current income of the fund or trust being invested. No Subject to subd. 2., no more than 15% 20 percent of the total assets of the fixed retirement investment trust or 15% 20 percent of the total assets of the variable retirement investment trust may be delivered to investment advisers to manage in accounts in which the board directly holds title to all securities purchased for the accounts. 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.

25,528g Section 528g. 25.18 (2) (e) 2. of the statutes is created to read:

25.18 (2) (e) 2. For the purpose of calculating the 20 percent limit under subd. 1., the board shall not include any appreciation on assets delivered to the investment advisers. The board shall also not include for this purpose shares or participation in mutual funds, index funds, commingled funds, partnership funds, or other similar collective investment instruments in which the board does not hold title to the underlying investments purchased by the manager of the fund or the collective investment instrument.

25,528m Section 528m. 25.187 (2) (c) 1. of the statutes is amended to read:

25.187 (2) (c) 1. Except as provided in subd. 2., the total amount that the board may assess the funds for which the board has management responsibility for any fiscal year may not exceed the greater of $17,720,500 $20,352,800 or 0.0275% of the total average market value of the assets of the funds on at the end of each month between November 30 and April 30 of the preceding fiscal year.

25,528r Section 528r. 25.187 (2) (c) 2. of the statutes is amended to read:

25.187 (2) (c) 2. In addition to the amount assessed under subd. 1., the board may assess the funds for which the board has management responsibility for any fiscal year up to an additional 0.0025% of the total average market value of the assets of the funds on at the end of each month between November 30 and April 30 of the preceding fiscal year if the board notifies the joint committee on finance in writing of the proposed assessment. If the cochairpersons of the committee do not notify the board that the committee has scheduled a meeting for the purpose of reviewing the proposed assessment within 14 working days after the date of the board's notification, the board may make the assessment. If, within 14 working days after the date of the board's notification, the cochairpersons of the committee notify the board that the committee has scheduled a meeting for the purpose of reviewing the proposed assessment, the board may make the assessment only upon approval of the committee.

25,528w Section 528w. 25.187 (2) (c) 3. b. of the statutes is amended to read:

25.187 (2) (c) 3. b. Annually, no later than June 15, certify to the department of administration and to the joint committee on finance the total average market value of the assets of the funds on at the end of each month between November 30 and April 30 of the current fiscal year.

25,529g Section 529g. 25.36 (1) of the statutes, as affected by 2005 Wisconsin Act .... (Assembly Bill 210), is amended to read:

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 lending of money to the mortgage loan repayment fund under s 45.37 (5) (a) 12. and for the veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (vy), (vz), (w), (z), and (zm), 45.03 (19), 45.07, 45.20, 45.21, 45.40 (1), 45.41, 45.42, 45.43, and 45.82 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. 45.42 (8) (b); all moneys received from the veterans mortgage loan repayment fund under s. 45.37 (7) (a) and (c); and all gifts of money received by the board of veterans affairs for the purposes of this fund.

25,529m Section 529m. 25.40 (1) (a) 4g. of the statutes is created to read:

25.40 (1) (a) 4g. Fees collected under s. 341.14 (6r) (b) 9. that are deposited in the veterans trust fund.

25,531m Section 531m. 25.40 (2) (b) 19r. of the statutes is repealed.

25,532 Section 532. 25.40 (2) (b) 19rm. of the statutes is created to read:

25.40 (2) (b) 19rm. Section 20.380 (1) (w).

25,533g Section 533g. 25.40 (2) (b) 27. of the statutes is created to read:

25.40 (2) (b) 27. Section 20.855 (4) (v).

25,533r Section 533r. 25.40 (2) (b) 27. of the statutes, as created by 2005 Wisconsin Act .... (this act), is repealed.

25,535 Section 535. 25.50 (7) of the statutes is amended to read:

25.50 (7) Reimbursement of expenses. The state treasurer shall deduct quarterly a maximum of 0.25% of the amount of income received monthly from the earnings of the fund during the preceding calendar quarter for month an amount sufficient to cover all actual and necessary expenses incurred by the state in administering the fund in the preceding calendar month, except that in no fiscal year may the state treasurer deduct an amount exceeding the amount appropriated under s. 20.585 (1) (g) for that fiscal year.

25,535m Section 535m. 25.55 (intro.) of the statutes is repealed.

25,535p Section 535p. 25.55 (3) of the statutes is renumbered 149.11 (2) (a) 1. and amended to read:

149.11 (2) (a) 1. Insurer assessments under ch. 149 s. 149.13, paid to the board under s. 20.145 (5) (g).

25,535r Section 535r. 25.55 (4) of the statutes is renumbered 149.11 (2) (a) 2. and amended to read:

149.11 (2) (a) 2. Premiums paid by eligible persons under ch. 149.

25,536 Section 536. 25.60 of the statutes is amended to read:

25.60 Budget stabilization Taxpayer protection fund. There is created a separate nonlapsible trust fund designated as the budget stabilization taxpayer protection fund, consisting of moneys transferred to the fund from the general fund under ss. 13.41 (3), 13.48 (14) (c), 16.518 (3), and 16.72 (4) (b), and 16.848.

25,537 Section 537. 25.77 (3) of the statutes is amended to read:

25.77 (3) All moneys received under s. 50.14 (2) from assessments on licensed beds of facilities except $14,300,000 in fiscal year 2003-04 and $13,800,000 in fiscal year 2004-05 and, beginning July 1, 2005, 45% in each fiscal year .

25,537d Section 537d. 25.77 (7) of the statutes is created to read:

25.77 (7) All moneys transferred under s. 20.855 (4) (v).

25,537e Section 537e. 25.77 (7) of the statutes, as created by 2005 Wisconsin Act .... (this act), is repealed.

25,541b Section 541b. 26.385 of the statutes is created to read:

26.385 Forestry research and development grants. (1) In this section, "forestry biomass" means byproducts and waste generated by the practice of forestry on forestry lands.

(2) The department may use the moneys allocated under s. 28.085 (2) for grants to nonprofit organizations experienced in the commercialization of energy technologies for any of the following projects:

(a) Research and development of technologies for using forestry biomass as energy sources.

(b) Encouraging the use of forestry biomass as energy sources.

(c) Increasing the beneficial use of forestry biomass.

(d) Encouraging the development of biochemicals from forestry biomass.

(3) The department may provide the recipient of a grant under this section with not more than $300,000, of which not more than $150,000 may be for planning and not more than $150,000 may be for implementation, unless the application of these limitations interferes with the receipt or use of federal funding.

(4) The department may provide funding only for grants under this section that match funding provided by the federal government for forestry biomass research and development.

(5) The total amount of federal funding and funding from a grant under this section may not exceed 50 percent of the total cost of the project, unless the application of this limitation interferes with the receipt or use of federal funding.

25,541c Section 541c. 26.39 (title) of the statutes is amended to read:

26.39 (title) Forestry education and training.

25,541d Section 541d. 26.39 (4) (title) of the statutes is repealed.

25,541e Section 541e. 26.39 (4) (a) of the statutes is repealed.

25,541f Section 541f. 26.39 (4) (b) of the statutes is renumbered 28.06 (2m) (b) and amended to read:

28.06 (2m) (b) For fiscal year 2002-03 and each fiscal year thereafter, the department shall credit 50% of the moneys received as surcharges under s. 28.06 (2m) par. (a) during the applicable fiscal year to the appropriation account under s. 20.370 (1) (cu) and the remaining 50% to the appropriation account under s. 20.370 (1) (cv).

25,541h Section 541h. 26.39 (5) of the statutes is created to read:

26.39 (5) Funding for school forests. The department shall use the moneys allocated under s. 28.085 (4) to provide funding to school districts that have school forests for the purposes of maintaining the school forests and for transporting pupils to and from the school forests. The department shall promulgate rules to implement and administer this subsection, including educational and forest management requirements that school districts must meet to receive funding under this subsection.

25,541j Section 541j. 26.39 (6) of the statutes is created to read:

26.39 (6) Forestry internships. The department shall use the moneys allocated under s. 28.085 (6) to provide internships to University of Wisconsin System students who are enrolled in a course of study that will result in a bachelor's or higher degree in forestry. The department shall promulgate rules establishing the application process and the criteria for receipt of an internship under this subsection.

25,541m Section 541m. 26.39 (7) of the statutes is created to read:

26.39 (7) Logging certification scholarships. (a) From the appropriation under s. 20.370 (5) (ax), the department shall establish a scholarship grant program to assist individuals who are seeking certification by the Wisconsin Professional Loggers Association as master loggers. A scholarship grant under the program may not exceed 50 percent of the total cost of receiving the certification. The department shall promulgate rules that establish criteria for the program.

(b) The department shall allocate $50,000 for fiscal year 2005-06 and $150,000 for each subsequent fiscal year for scholarship grants under this program.

25,542 Section 542. 27.01 (7) (c) 7. of the statutes is amended to read:

27.01 (7) (c) 7. Any vehicle, except a motor bus, occupied by a person holding who is at least 18 years of age and who holds a conservation patron license issued under s. 29.235.

25,543 Section 543. 27.01 (7) (f) 1. of the statutes is amended to read:

27.01 (7) (f) 1. Except as provided in par. (gm), the fee for an annual vehicle admission receipt is $19.50 $24.50 for each vehicle that has Wisconsin registration plates, except that no fee is charged for a receipt issued under s. 29.235 (6).

25,544 Section 544. 27.01 (7) (f) 2. of the statutes is amended to read:

27.01 (7) (f) 2. Except as provided in subds. 3. and 4. and par. (gm) 4., the fee for a daily vehicle admission receipt is $4.85 $6.85 for any vehicle which has Wisconsin registration plates.

25,545 Section 545. 27.01 (7) (g) 1. of the statutes is amended to read:

27.01 (7) (g) 1. Except as provided in par. (gm), the fee for an annual vehicle admission receipt is $29.50 $34.50 for any vehicle that has a registration plate or plates from another state, except that no fee is charged for a receipt issued under s. 29.235 (6).

25,546 Section 546. 27.01 (7) (gm) 1. of the statutes is amended to read:

27.01 (7) (gm) 1. Instead of the fees under pars. (f) 1. and (g) 1., the department shall charge an individual $9.50 $12 or $14.50 $17, respectively, for an annual vehicle admission receipt if the individual applying for the receipt or a member of his or her household owns a vehicle for which a current annual vehicle admission receipt has been issued for the applicable fee under par. (f) 1. or (g) 1.

25,546m Section 546m. 27.01 (7) (gm) 3. of the statutes is amended to read:

27.01 (7) (gm) 3. Notwithstanding par. (f) 1., the fee for an annual vehicle admission receipt for a vehicle that has Wisconsin registration plates and that is owned by a resident senior citizen, as defined in s. 29.001 (72), is $9.50 $12.

25,547 Section 547. 27.01 (8) (b) 3. of the statutes is amended to read:

27.01 (8) (b) 3. Any person holding who is at least 18 years of age and who holds a conservation patron license issued under s. 29.235.

25,548 Section 548. 27.01 (10) (d) 1. of the statutes is amended to read: