AB100-ASA1, s. 515 5Section 515. 24.61 (2) (b) of the statutes is amended to read:
AB100-ASA1,349,86 24.61 (2) (b) Deposited with secretary of administration. All bonds, notes, and
7other securities so purchased under par. (a) shall be deposited with the secretary of
8administration.
AB100-ASA1, s. 516 9Section 516. 24.61 (2) (c) of the statutes is created to read:
AB100-ASA1,349,1410 24.61 (2) (c) Delegation of investment authority to investment board. The board
11may delegate to the investment board the authority to invest part or all of the moneys
12belonging to the trust funds. If the board delegates the authority, the investment
13board may invest the moneys belonging to the trust funds in any fixed income
14investment or fund that invests only in fixed income instruments.
AB100-ASA1, s. 520 15Section 520. 25.17 (1) (afp) of the statutes is created to read:
AB100-ASA1,349,1716 25.17 (1) (afp) Agricultural college fund (s. 24.82), but subject to the terms of
17delegation under s. 24.61 (2) (c);
AB100-ASA1, s. 521 18Section 521. 25.17 (1) (axp) of the statutes is created to read:
AB100-ASA1,349,2019 25.17 (1) (axp) Common school fund (s. 24.76), but subject to the terms of
20delegation under s. 24.61 (2) (c);
AB100-ASA1, s. 522c 21Section 522c. 25.17 (1) (gf) of the statutes is repealed.
AB100-ASA1, s. 523 22Section 523. 25.17 (1) (kd) of the statutes is created to read:
AB100-ASA1,349,2423 25.17 (1) (kd) Normal school fund (s. 24.80), but subject to the terms of
24delegation under s. 24.61 (2) (c);
AB100-ASA1, s. 524 25Section 524. 25.17 (1) (xLc) of the statutes is created to read:
AB100-ASA1,350,2
125.17 (1) (xLc) University fund (s. 24.81), but subject to the terms of delegation
2under s. 24.61 (2) (c);
AB100-ASA1, s. 525 3Section 525. 25.17 (1) (zm) of the statutes is amended to read:
AB100-ASA1,350,94 25.17 (1) (zm) All other funds of the state or of any state department or
5institution, except funds which under article X of the constitution are controlled and
6invested by the board of commissioners of public lands,
funds which are required by
7specific provision of law to be controlled and invested by any other authority, and
8moneys in the University of Wisconsin trust funds, and in the trust funds of the state
9universities.
AB100-ASA1, s. 525m 10Section 525m. 25.17 (9) of the statutes is amended to read:
AB100-ASA1,350,2011 25.17 (9) Give advice and assistance requested by the board of commissioners
12of public lands or the board of regents of the University of Wisconsin System
13concerning the investment of any moneys that under sub. (1) are excepted from the
14moneys to be loaned or invested by the investment board, and assign, sell, convey and
15deed to the board of commissioners of public lands or the board of regents of the
16University of Wisconsin System any investments made by the investment board as
17may be mutually agreeable. The cost of any services rendered to the board of
18commissioners of public lands or the
board of regents of the University of Wisconsin
19System under this section shall be charged to the fund to which the moneys invested
20belong and shall be added to the appropriation to the investment board in s. 20.536.
AB100-ASA1, s. 525t 21Section 525t. 25.17 (13m) of the statutes is amended to read:
AB100-ASA1,351,422 25.17 (13m) No later than 45 days after the end of each calendar quarter,
23submit a report to the department of administration, the cochairpersons of the joint
24legislative audit committee,
and the cochairpersons of the joint committee on finance
25detailing all costs and expenses charged to funds under s. 25.18 (1) (a) or (m) during

1that calendar quarter. The report shall include a breakdown of the amount and
2percentage of assets managed under each type of dedicated and commingled account
3or partnership, and the change in the amount and percentage from the prior calendar
4quarter.
AB100-ASA1, s. 528d 5Section 528d. 25.18 (2) (e) of the statutes is renumbered 25.18 (2) (e) 1. and
6amended to read:
AB100-ASA1,351,187 25.18 (2) (e) 1. Contract with and delegate to investment advisers the
8management and control over assets from any fund or trust delivered to such
9investment advisers for investment in real estate, mortgages, equities, and debt and
10pay such advisers fees from the current income of the fund or trust being invested.
11No Subject to subd. 2., no more than 15% 20 percent of the total assets of the fixed
12retirement investment trust or 15% 20 percent of the total assets of the variable
13retirement investment trust may be delivered to investment advisers to manage in
14accounts in which the board directly holds title to all securities purchased for the
15accounts
. The board shall set performance standards for such investment advisers,
16monitor such investments to determine if performance standards are being met and
17if an investment adviser does not consistently meet the performance standards then
18terminate the contract with such investment adviser.
AB100-ASA1, s. 528g 19Section 528g. 25.18 (2) (e) 2. of the statutes is created to read:
AB100-ASA1,352,220 25.18 (2) (e) 2. For the purpose of calculating the 20 percent limit under subd.
211., the board shall not include any appreciation on assets delivered to the investment
22advisers. The board shall also not include for this purpose shares or participation
23in mutual funds, index funds, commingled funds, partnership funds, or other similar
24collective investment instruments in which the board does not hold title to the

1underlying investments purchased by the manager of the fund or the collective
2investment instrument.
AB100-ASA1, s. 528m 3Section 528m. 25.187 (2) (c) 1. of the statutes is amended to read:
AB100-ASA1,352,84 25.187 (2) (c) 1. Except as provided in subd. 2., the total amount that the board
5may assess the funds for which the board has management responsibility for any
6fiscal year may not exceed the greater of $17,720,500 $20,352,800 or 0.0275% of the
7total average market value of the assets of the funds on at the end of each month
8between November 30 and
April 30 of the preceding fiscal year.
AB100-ASA1, s. 528r 9Section 528r. 25.187 (2) (c) 2. of the statutes is amended to read:
AB100-ASA1,352,2210 25.187 (2) (c) 2. In addition to the amount assessed under subd. 1., the board
11may assess the funds for which the board has management responsibility for any
12fiscal year up to an additional 0.0025% of the total average market value of the assets
13of the funds on at the end of each month between November 30 and April 30 of the
14preceding fiscal year if the board notifies the joint committee on finance in writing
15of the proposed assessment. If the cochairpersons of the committee do not notify the
16board that the committee has scheduled a meeting for the purpose of reviewing the
17proposed assessment within 14 working days after the date of the board's
18notification, the board may make the assessment. If, within 14 working days after
19the date of the board's notification, the cochairpersons of the committee notify the
20board that the committee has scheduled a meeting for the purpose of reviewing the
21proposed assessment, the board may make the assessment only upon approval of the
22committee.
AB100-ASA1, s. 528w 23Section 528w. 25.187 (2) (c) 3. b. of the statutes is amended to read:
AB100-ASA1,353,224 25.187 (2) (c) 3. b. Annually, no later than June 15, certify to the department
25of administration and to the joint committee on finance the total average market

1value of the assets of the funds on at the end of each month between November 30
2and
April 30 of the current fiscal year.
AB100-ASA1, s. 529 3Section 529. 25.36 (1) of the statutes is amended to read:
AB100-ASA1,353,224 25.36 (1) Except as provided in sub. (2), all moneys appropriated or transferred
5by law shall constitute the veterans trust fund which shall be used for the lending
6of money to the mortgage loan repayment fund under s. 45.35 (22) and for the
7veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (vy), (vz), (w),
8(z), and (zm), 45.014, 45.25, 45.35 (23), 45.351 (1), 45.353, 45.356, 45.357, 45.396,
945.397, and 45.43 (7) and administered by the department of veterans affairs,
10including all moneys received from the federal government for the benefit of veterans
11or their dependents; all moneys paid as interest on and repayment of loans under the
12post-war rehabilitation fund; soldiers rehabilitation fund, veterans housing funds
13as they existed prior to July 1, 1961; all moneys paid as interest on and repayment
14of loans under this fund; all moneys paid as expenses for, interest on, and repayment
15of veterans trust fund stabilization loans under s. 45.356, 1995 stats.; all moneys
16paid as expenses for, interest on, and repayment of veterans personal loans; the net
17proceeds from the sale of mortgaged properties related to veterans personal loans;
18all mortgages issued with the proceeds of the 1981 veterans home loan revenue bond
19issuance purchased with moneys in the veterans trust fund; all moneys received from
20the state investment board under s. 45.356 (9) (b); all moneys received from the
21veterans mortgage loan repayment fund under s. 45.79 (7) (a) and (c); and all gifts
22of money received by the board of veterans affairs for the purposes of this fund.
AB100-ASA1, s. 529m 23Section 529m. 25.40 (1) (a) 4g. of the statutes is created to read:
AB100-ASA1,353,2524 25.40 (1) (a) 4g. Fees collected under s. 341.14 (6r) (b) 9. that are deposited in
25the veterans trust fund.
AB100-ASA1, s. 531m
1Section 531m. 25.40 (2) (b) 19r. of the statutes is repealed.
AB100-ASA1, s. 532 2Section 532. 25.40 (2) (b) 19rm. of the statutes is created to read:
AB100-ASA1,354,33 25.40 (2) (b) 19rm. Section 20.380 (1) (w).
AB100-ASA1, s. 533g 4Section 533g. 25.40 (2) (b) 27. of the statutes is created to read:
AB100-ASA1,354,55 25.40 (2) (b) 27. Section 20.855 (4) (v).
AB100-ASA1, s. 533r 6Section 533r. 25.40 (2) (b) 27. of the statutes, as created by 2005 Wisconsin
7Act .... (this act), is repealed.
AB100-ASA1, s. 535 8Section 535. 25.50 (7) of the statutes is amended to read:
AB100-ASA1,354,159 25.50 (7) Reimbursement of expenses. The state treasurer shall deduct
10quarterly a maximum of 0.25% of the amount of income received monthly from the
11earnings of the fund during the preceding calendar quarter for month an amount
12sufficient to cover
all actual and necessary expenses incurred by the state in
13administering the fund in the preceding calendar month, except that in no fiscal year
14may the state treasurer deduct an amount exceeding the amount appropriated under
15s. 20.585 (1) (g) for that fiscal year
.
AB100-ASA1, s. 535m 16Section 535m. 25.55 (intro.) of the statutes is repealed.
AB100-ASA1, s. 535p 17Section 535p. 25.55 (3) of the statutes is renumbered 149.11 (2) (a) 1. and
18amended to read:
AB100-ASA1,354,2019 149.11 (2) (a) 1. Insurer assessments under ch. 149 s. 149.13, paid to the board
20under s. 20.145 (5) (g)
.
AB100-ASA1, s. 535r 21Section 535r. 25.55 (4) of the statutes is renumbered 149.11 (2) (a) 2. and
22amended to read:
AB100-ASA1,354,2323 149.11 (2) (a) 2. Premiums paid by eligible persons under ch. 149.
AB100-ASA1, s. 536 24Section 536. 25.60 of the statutes is amended to read:
AB100-ASA1,355,8
125.60 Budget stabilization fund. There is created a separate nonlapsible
2trust fund designated as the budget stabilization fund, consisting of moneys
3transferred to the fund from the general fund under ss. 13.48 (14) (c), 16.518 (3), and
416.72 (4) (b), and 16.848. Moneys in this fund are reserved for a transfer from the
5fund to the general fund to provide state revenue stability during periods of
6below-normal economic activity when actual general fund revenues are 98 percent
7or less of estimated general fund revenues under s. 20.005 (1), as published in the
8biennial budget act or acts
.
AB100-ASA1, s. 537 9Section 537. 25.77 (3) of the statutes is amended to read:
AB100-ASA1,355,1210 25.77 (3) All moneys received under s. 50.14 (2) from assessments on licensed
11beds of facilities except $14,300,000 in fiscal year 2003-04 and $13,800,000 in fiscal
12year 2004-05 and, beginning July 1, 2005, 45% in each fiscal year
.
AB100-ASA1, s. 541b 13Section 541b. 26.385 of the statutes is created to read:
AB100-ASA1,355,16 1426.385 Forestry research and development grants. (1) In this section,
15"forestry biomass" means byproducts and waste generated by the practice of forestry
16on forestry lands.
AB100-ASA1,355,19 17(2) The department may use the moneys allocated under s. 28.085 (2) for grants
18to nonprofit organizations experienced in the commercialization of energy
19technologies for any of the following projects:
AB100-ASA1,355,2120 (a) Research and development of technologies for using forestry biomass as
21energy sources.
AB100-ASA1,355,2222 (b) Encouraging the use of forestry biomass as energy sources.
AB100-ASA1,355,2323 (c) Increasing the beneficial use of forestry biomass.
AB100-ASA1,355,2424 (d) Encouraging the development of biochemicals from forestry biomass.
AB100-ASA1,356,4
1(3) The department may provide the recipient of a grant under this section with
2not more than $300,000, of which not more than $150,000 may be for planning and
3not more than $150,000 may be for implementation, unless the application of these
4limitations interferes with the receipt or use of federal funding.
AB100-ASA1,356,7 5(4) The department may provide funding only for grants under this section that
6match funding provided by the federal government for forestry biomass research and
7development.
AB100-ASA1,356,10 8(5) The total amount of federal funding and funding from a grant under this
9section may not exceed 50 percent of the total cost of the project, unless the
10application of this limitation interferes with the receipt or use of federal funding.
AB100-ASA1, s. 541c 11Section 541c. 26.39 (title) of the statutes is amended to read:
AB100-ASA1,356,12 1226.39 (title) Forestry education and training.
AB100-ASA1, s. 541d 13Section 541d. 26.39 (4) (title) of the statutes is repealed.
AB100-ASA1, s. 541e 14Section 541e. 26.39 (4) (a) of the statutes is repealed.
AB100-ASA1, s. 541f 15Section 541f. 26.39 (4) (b) of the statutes is renumbered 28.06 (2m) (b) and
16amended to read:
AB100-ASA1,356,2117 28.06 (2m) (b) For fiscal year 2002-03 and each fiscal year thereafter, the
18department shall credit 50% of the moneys received as surcharges under s. 28.06
19(2m)
par. (a) during the applicable fiscal year to the appropriation account under s.
2020.370 (1) (cu) and the remaining 50% to the appropriation account under s. 20.370
21(1) (cv).
AB100-ASA1, s. 541h 22Section 541h. 26.39 (5) of the statutes is created to read:
AB100-ASA1,357,423 26.39 (5) Funding for school forests. The department shall use the moneys
24allocated under s. 28.085 (4) to provide funding to school districts that have school
25forests for the purposes of maintaining the school forests and for transporting pupils

1to and from the school forests. The department shall promulgate rules to implement
2and administer this subsection, including educational and forest management
3requirements that school districts must meet to receive funding under this
4subsection.
AB100-ASA1, s. 541j 5Section 541j. 26.39 (6) of the statutes is created to read:
AB100-ASA1,357,106 26.39 (6) Forestry internships. The department shall use the moneys
7allocated under s. 28.085 (6) to provide internships to University of Wisconsin
8System students who are enrolled in a course of study that will result in a bachelor's
9or higher degree in forestry. The department shall promulgate rules establishing the
10application process and the criteria for receipt of an internship under this subsection.
AB100-ASA1, s. 541m 11Section 541m. 26.39 (7) of the statutes is created to read:
AB100-ASA1,357,1712 26.39 (7) Logging certification scholarships. (a) From the appropriation
13under s. 20.370 (5) (ax), the department shall establish a scholarship grant program
14to assist individuals who are seeking certification by the Wisconsin Professional
15Loggers Association as master loggers. A scholarship grant under the program may
16not exceed 50 percent of the total cost of receiving the certification. The department
17shall promulgate rules that establish criteria for the program.
AB100-ASA1,357,1918 (b) The department shall allocate $50,000 for fiscal year 2005-06 and $150,000
19for each subsequent fiscal year for scholarship grants under this program.
AB100-ASA1, s. 542 20Section 542. 27.01 (7) (c) 7. of the statutes is amended to read:
AB100-ASA1,357,2321 27.01 (7) (c) 7. Any vehicle, except a motor bus, occupied by a person holding
22who is at least 18 years of age and who holds a conservation patron license issued
23under s. 29.235.
AB100-ASA1, s. 543 24Section 543. 27.01 (7) (f) 1. of the statutes is amended to read:
AB100-ASA1,358,3
127.01 (7) (f) 1. Except as provided in par. (gm), the fee for an annual vehicle
2admission receipt is $19.50 $24.50 for each vehicle that has Wisconsin registration
3plates, except that no fee is charged for a receipt issued under s. 29.235 (6).
AB100-ASA1, s. 544 4Section 544. 27.01 (7) (f) 2. of the statutes is amended to read:
AB100-ASA1,358,75 27.01 (7) (f) 2. Except as provided in subds. 3. and 4. and par. (gm) 4., the fee
6for a daily vehicle admission receipt is $4.85 $6.85 for any vehicle which has
7Wisconsin registration plates.
AB100-ASA1, s. 545 8Section 545. 27.01 (7) (g) 1. of the statutes is amended to read:
AB100-ASA1,358,129 27.01 (7) (g) 1. Except as provided in par. (gm), the fee for an annual vehicle
10admission receipt is $29.50 $34.50 for any vehicle that has a registration plate or
11plates from another state, except that no fee is charged for a receipt issued under s.
1229.235 (6).
AB100-ASA1, s. 546 13Section 546. 27.01 (7) (gm) 1. of the statutes is amended to read:
AB100-ASA1,358,1814 27.01 (7) (gm) 1. Instead of the fees under pars. (f) 1. and (g) 1., the department
15shall charge an individual $9.50 $12 or $14.50 $17, respectively, for an annual
16vehicle admission receipt if the individual applying for the receipt or a member of his
17or her household owns a vehicle for which a current annual vehicle admission receipt
18has been issued for the applicable fee under par. (f) 1. or (g) 1.
AB100-ASA1, s. 546m 19Section 546m. 27.01 (7) (gm) 3. of the statutes is amended to read:
AB100-ASA1,358,2220 27.01 (7) (gm) 3. Notwithstanding par. (f) 1., the fee for an annual vehicle
21admission receipt for a vehicle that has Wisconsin registration plates and that is
22owned by a resident senior citizen, as defined in s. 29.001 (72), is $9.50 $12.
AB100-ASA1, s. 547 23Section 547. 27.01 (8) (b) 3. of the statutes is amended to read:
AB100-ASA1,358,2524 27.01 (8) (b) 3. Any person holding who is at least 18 years of age and who holds
25a conservation patron license issued under s. 29.235.
AB100-ASA1, s. 548
1Section 548. 27.01 (10) (d) 1. of the statutes is amended to read:
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