AB100-engrossed,355,2321
24.01
(7) "School lands" embraces all lands made a part of "the school fund" by
22article X, section 2, of the constitution, as well as any land received under s. 24.09
23(1) (bm) (3) in exchange for such land.
AB100-engrossed,356,7
124.01
(9) "Swamp lands" embraces all lands which have been or may be
2transferred to the state pursuant to an act of congress entitled "An act to enable the
3state of Arkansas and other states to reclaim the swamp lands within their limits,"
4approved September 28, 1850, or pursuant to an act of congress entitled "An act for
5the relief of purchasers and locators of swamp and overflowed lands," approved
6March 2, 1855, as well as any land received under s. 24.09
(1) (bm) (3) in exchange
7for such land.
AB100-engrossed,356,119
24.01
(10) "University lands" embraces all lands the proceeds of which are
10denominated "the university fund" by article X, section 6, of the constitution, as well
11as any land received under s. 24.09
(1) (bm) (3) in exchange for such land.
AB100-engrossed,356,1714
24.09
(1) Except as provided under
par. (c) sub. (4), the board may not sell or
15exchange any public lands which were not appraised or appraised under s. 24.08.
16Except as provided under
pars. (b), (bm) and (c)
subs. (2m), (3), and (4), the board may
17not sell or exchange any public lands except at public auction.
AB100-engrossed,357,521
24.09
(3) The board may exchange part or all of any parcel of public lands for
22any other land of approximately equal value if the board determines that the
23exchange will contribute to the consolidation or completion of a block of land,
24enhance conservation of lands or otherwise be in the public interest. Under this
25paragraph subsection, an exchange is of "approximately equal value" if the difference
1in value between the more highly valued land and the less highly valued land does
2not exceed 10% of the value of the more highly valued land. All expenses necessarily
3incurred in making an exchange under this
paragraph
subsection shall be deducted
4from the gross receipts of the fund to which the proceeds of the sale of the exchanged
5land will be added.
AB100-engrossed,357,139
24.09
(5) All sales other than sales under
par. (b) or (c) sub. (2m) or (4) shall
10be made at the times and public places the board designates. Prior to any sale, the
11board shall publish a class 3 notice, under ch. 985, specifying the time and place and
12describing the lands to be sold in a newspaper published in the county where the
13lands are situated.
AB100-engrossed,357,1716
24.09
(6) No parcel of public land that was acquired before the effective date
17of this subsection .... [revisor inserts date], may be exchanged under this section.
AB100-engrossed,358,5
1924.10 Procedure at sale. At the time and place specified in the notice under
20s. 24.09
(1) (d) (5) the board shall commence the sale of the lands described in the
21notice and thereafter continue the same from day to day, Sundays excepted, between
229 a.m. and the setting of the sun, until all lands described in the notice have been
23offered. The order of the sale shall be to begin at the lowest number of the sections,
24townships and ranges in each county and proceed regularly to the highest, until all
25then to be sold are offered for sale.
Except for lands withheld from sale under s. 24.09
1(2), each Each lot or tract of lands to be sold shall be offered separately at the
2minimum price fixed by law and shall be cried at public auction long enough to enable
3every one present to bid. If the minimum price or more is bid, the lot or tract shall
4be struck off to the highest bidder, but if the minimum price is not bid the tract shall
5be set down unsold.
AB100-engrossed,358,14
724.59 Sale of public lands to state under Warren Knowles-Gaylord
8Nelson stewardship 2000 program. (1) Notwithstanding ss. 24.09, 24.10, 24.15,
9and 24.16, but subject to subs. (2) and (3), the board shall sell as soon as practicable
10all public lands under its jurisdiction on the effective date of this subsection ....
11[revisor inserts date], to the state with the state using moneys obligated by the
12department as specified under s. 23.0917 (3) and (4) for the acquisition.
13Notwithstanding s. 24.08 (4), the public lands shall be sold at the appraised value
14determined under sub. (2).
AB100-engrossed,358,17
15(2) The board shall have all of the public lands independently appraised under
16s. 24.08 (2) and (3) after the effective date of this subsection .... [revisor inserts date],
17but before sale under sub. (1).
AB100-engrossed,358,19
18(3) Notwithstanding s. 24.11, public lands sold under sub. (1) may not be paid
19for in installments.
AB100-engrossed,358,21
20(4) The board may not take any action that would in any way impede or prohibit
21the sale of public lands under sub. (1).
AB100-engrossed,358,2323
24.61
(2) (a) (title)
Authorized investments by board.
AB100-engrossed,359,3
124.61
(2) (b)
Deposited with secretary of administration. All bonds, notes, and
2other securities
so purchased
under par. (a) shall be deposited with the secretary of
3administration.
AB100-engrossed,359,95
24.61
(2) (c)
Delegation of investment authority to investment board. The board
6may delegate to the investment board the authority to invest part or all of the moneys
7belonging to the trust funds. If the board delegates the authority, the investment
8board may invest the moneys belonging to the trust funds in any fixed income
9investment or fund that invests only in fixed income instruments.
AB100-engrossed,359,1211
25.17
(1) (afp) Agricultural college fund (s. 24.82), but subject to the terms of
12delegation under s. 24.61 (2) (c);
AB100-engrossed,359,1514
25.17
(1) (axp) Common school fund (s. 24.76), but subject to the terms of
15delegation under s. 24.61 (2) (c);
AB100-engrossed,359,1918
25.17
(1) (kd) Normal school fund (s. 24.80), but subject to the terms of
19delegation under s. 24.61 (2) (c);
AB100-engrossed,359,2221
25.17
(1) (xLc) University fund (s. 24.81), but subject to the terms of delegation
22under s. 24.61 (2) (c);
AB100-engrossed,360,424
25.17
(1) (zm) All other funds of the state or of any state department or
25institution, except
funds which under article X of the constitution are controlled and
1invested by the board of commissioners of public lands, funds which are required by
2specific provision of law to be controlled and invested by any other authority, and
3moneys in the University of Wisconsin trust funds, and in the trust funds of the state
4universities.
AB100-engrossed,360,156
25.17
(9) Give advice and assistance requested by the board of commissioners
7of public lands or the board of regents of the University of Wisconsin System
8concerning the investment of any moneys that under sub. (1) are excepted from the
9moneys to be loaned or invested by the investment board, and assign, sell, convey and
10deed to the board of commissioners of public lands or the board of regents of the
11University of Wisconsin System any investments made by the investment board as
12may be mutually agreeable. The cost of any services rendered to the
board of
13commissioners of public lands or the board of regents of the University of Wisconsin
14System under this section shall be charged to the fund to which the moneys invested
15belong and shall be added to the appropriation to the investment board in s. 20.536.
AB100-engrossed,360,2417
25.17
(13m) No later than 45 days after the end of each calendar quarter,
18submit a report to the department of administration
, the cochairpersons of the joint
19legislative audit committee, and the cochairpersons of the joint committee on finance
20detailing all costs and expenses charged to funds
under s. 25.18 (1) (a) or (m) during
21that calendar quarter.
The report shall include a breakdown of the amount and
22percentage of assets managed under each type of dedicated and commingled account
23or partnership, and the change in the amount and percentage from the prior calendar
24quarter.
AB100-engrossed, s. 528d
1Section 528d. 25.18 (2) (e) of the statutes is renumbered 25.18 (2) (e) 1. and
2amended to read:
AB100-engrossed,361,143
25.18
(2) (e) 1. Contract with and delegate to investment advisers the
4management and control over assets from any fund or trust delivered to such
5investment advisers for investment in real estate, mortgages, equities, and debt and
6pay such advisers fees from the current income of the fund or trust being invested.
7No Subject to subd. 2., no more than
15% 20 percent of the total assets of the fixed
8retirement investment trust or
15% 20 percent of the total assets of the variable
9retirement investment trust may be delivered to investment advisers
to manage in
10accounts in which the board directly holds title to all securities purchased for the
11accounts. The board shall set performance standards for such investment advisers,
12monitor such investments to determine if performance standards are being met and
13if an investment adviser does not consistently meet the performance standards then
14terminate the contract with such investment adviser.
AB100-engrossed,361,2216
25.18
(2) (e) 2. For the purpose of calculating the 20 percent limit under subd.
171., the board shall not include any appreciation on assets delivered to the investment
18advisers. The board shall also not include for this purpose shares or participation
19in mutual funds, index funds, commingled funds, partnership funds, or other similar
20collective investment instruments in which the board does not hold title to the
21underlying investments purchased by the manager of the fund or the collective
22investment instrument.
AB100-engrossed,362,324
25.187
(2) (c) 1. Except as provided in subd. 2., the total amount that the board
25may assess the funds for which the board has management responsibility for any
1fiscal year may not exceed the greater of
$17,720,500 $20,352,800 or 0.0275% of the
2total average market value of the assets of the funds
on at the end of each month
3between November 30 and April 30 of the preceding fiscal year.
AB100-engrossed,362,175
25.187
(2) (c) 2. In addition to the amount assessed under subd. 1., the board
6may assess the funds for which the board has management responsibility for any
7fiscal year up to an additional 0.0025% of the
total
average market value of the assets
8of the funds
on at the end of each month between November 30 and April 30 of the
9preceding fiscal year if the board notifies the joint committee on finance in writing
10of the proposed assessment. If the cochairpersons of the committee do not notify the
11board that the committee has scheduled a meeting for the purpose of reviewing the
12proposed assessment within 14 working days after the date of the board's
13notification, the board may make the assessment. If, within 14 working days after
14the date of the board's notification, the cochairpersons of the committee notify the
15board that the committee has scheduled a meeting for the purpose of reviewing the
16proposed assessment, the board may make the assessment only upon approval of the
17committee.
AB100-engrossed,362,2219
25.187
(2) (c) 3. b. Annually, no later than June 15, certify to the department
20of administration and to the joint committee on finance the
total average market
21value of the assets of the funds
on at the end of each month between November 30
22and April 30
of the current fiscal year.
AB100-engrossed, s. 529g
23Section 529g. 25.36 (1) of the statutes, as affected by 2005 Wisconsin Act ....
24(Assembly Bill 210), is amended to read:
AB100-engrossed,363,19
125.36
(1) Except as provided in sub. (2), all moneys appropriated or transferred
2by law shall constitute the veterans trust fund which shall be used for the lending
3of money to the mortgage loan repayment fund under s 45.37 (5) (a) 12. and for the
4veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (vy),
(vz), (w),
5(z), and (zm), 45.03 (19), 45.07, 45.20, 45.21, 45.40 (1), 45.41, 45.42, 45.43, and 45.82
6and administered by the department of veterans affairs, including all moneys
7received from the federal government for the benefit of veterans or their dependents;
8all moneys paid as interest on and repayment of loans under the post-war
9rehabilitation fund; soldiers rehabilitation fund, veterans housing funds as they
10existed prior to July 1, 1961; all moneys paid as interest on and repayment of loans
11under this fund; all moneys paid as expenses for, interest on, and repayment of
12veterans trust fund stabilization loans under s. 45.356, 1995 stats.; all moneys paid
13as expenses for, interest on, and repayment of veterans personal loans; the net
14proceeds from the sale of mortgaged properties related to veterans personal loans;
15all mortgages issued with the proceeds of the 1981 veterans home loan revenue bond
16issuance purchased with moneys in the veterans trust fund; all moneys received from
17the state investment board under s. 45.42 (8) (b); all moneys received from the
18veterans mortgage loan repayment fund under s. 45.37 (7) (a) and (c); and all gifts
19of money received by the board of veterans affairs for the purposes of this fund.
****Note: This is reconciled s. 25.36 (1). This
Section has been affected by drafts
with the following LRB numbers: LRB-0328, LRB-0329.
AB100-engrossed,363,2221
25.40
(1) (a) 4g. Fees collected under s. 341.14 (6r) (b) 9. that are deposited in
22the veterans trust fund.
AB100-engrossed,364,22
25.40
(2) (b) 19rm. Section 20.380 (1) (w).
AB100-engrossed,364,44
25.40
(2) (b) 27. Section 20.855 (4) (v).
AB100-engrossed, s. 533r
5Section 533r. 25.40 (2) (b) 27. of the statutes, as created by 2005 Wisconsin
6Act .... (this act), is repealed.
AB100-engrossed,364,148
25.50
(7) Reimbursement of expenses. The state treasurer shall deduct
9quarterly a maximum of 0.25% of the amount of income received monthly from the
10earnings of the fund during the preceding calendar
quarter for month an amount
11sufficient to cover all actual and necessary expenses incurred by the state in
12administering the fund
in the preceding calendar month, except that in no fiscal year
13may the state treasurer deduct an amount exceeding the amount appropriated under
14s. 20.585 (1) (g) for that fiscal year.
AB100-engrossed, s. 535p
16Section 535p. 25.55 (3) of the statutes is renumbered 149.11 (2) (a) 1. and
17amended to read:
AB100-engrossed,364,1918
149.11
(2) (a) 1. Insurer assessments under
ch. 149 s. 149.13, paid to the board
19under s. 20.145 (5) (g).
AB100-engrossed, s. 535r
20Section 535r. 25.55 (4) of the statutes is renumbered 149.11 (2) (a) 2. and
21amended to read:
AB100-engrossed,364,2222
149.11
(2) (a) 2. Premiums paid by eligible persons
under ch. 149.
AB100-engrossed,365,6
2425.60 Budget stabilization fund. There is created a separate nonlapsible
25trust fund designated as the budget stabilization fund, consisting of moneys
1transferred to the fund from the general fund under ss. 13.48 (14) (c), 16.518 (3),
and 216.72 (4) (b)
, and 16.848. Moneys in this fund are reserved for a transfer from the
3fund to the general fund to provide state revenue stability during periods of
4below-normal economic activity when actual general fund revenues are 98 percent
5or less of estimated general fund revenues under s. 20.005 (1), as published in the
6biennial budget act or acts.
AB100-engrossed,365,108
25.77
(3) All moneys received under s. 50.14 (2) from assessments on licensed
9beds of facilities
except $14,300,000 in fiscal year 2003-04 and $13,800,000 in fiscal
10year 2004-05 and, beginning July 1, 2005, 45% in each fiscal year.
AB100-engrossed,365,14
1226.385 Forestry research and development grants. (1) In this section,
13"forestry biomass" means byproducts and waste generated by the practice of forestry
14on forestry lands.
AB100-engrossed,365,17
15(2) The department may use the moneys allocated under s. 28.085 (2) for grants
16to nonprofit organizations experienced in the commercialization of energy
17technologies for any of the following projects:
AB100-engrossed,365,1918
(a) Research and development of technologies for using forestry biomass as
19energy sources.
AB100-engrossed,365,2020
(b) Encouraging the use of forestry biomass as energy sources.
AB100-engrossed,365,2121
(c) Increasing the beneficial use of forestry biomass.
AB100-engrossed,365,2222
(d) Encouraging the development of biochemicals from forestry biomass.
AB100-engrossed,366,2
23(3) The department may provide the recipient of a grant under this section with
24not more than $300,000, of which not more than $150,000 may be for planning and
1not more than $150,000 may be for implementation, unless the application of these
2limitations interferes with the receipt or use of federal funding.
AB100-engrossed,366,5
3(4) The department may provide funding only for grants under this section that
4match funding provided by the federal government for forestry biomass research and
5development.
AB100-engrossed,366,8
6(5) The total amount of federal funding and funding from a grant under this
7section may not exceed 50 percent of the total cost of the project, unless the
8application of this limitation interferes with the receipt or use of federal funding.
AB100-engrossed,366,10
1026.39 (title)
Forestry education and training.
