Amendment ASA1-AB40

AB40-ASA1,404,5 23.0917 (7) (b) For land that has been owned by the current owner for less than one year, the acquisition costs buyer's acquisition price of the land shall equal the sum of the land's current fair market value and other acquisition costs of the buyer, as determined by rule by the department, or the current owner's acquisition price, whichever is lower.

AB40-ASA1, s. 842b Section 842b. 23.0917 (7) (c) of the statutes is renumbered 23.0917 (7) (c) (intro.) and amended to read:

AB40-ASA1,404,10 23.0917 (7) (c) (intro.) For land that has been owned by the current owner for one year or more but for less than 3 years, the acquisition costs of the land buyer's acquisition price shall equal the lower of the following:

AB40-ASA1,404,12 2. The sum of the current owner's acquisition price and the annual adjustment increase.

AB40-ASA1, s. 843b Section 843b. 23.0917 (7) (c) 1. of the statutes is created to read:

AB40-ASA1,404,15 23.0917 (7) (c) 1. The land's current fair market value and other acquisition costs of the buyer as determined by rule by the department.

AB40-ASA1, s. 844 Section 844. 23.0917 (7) (d) (intro.) of the statutes is amended to read:

AB40-ASA1,404,19 23.0917 (7) (d) (intro.) For purposes of par. (c) 2., the annual adjustment increase shall be calculated by multiplying the current owner's acquisition price by 5% and by then multiplying that product by one of the following numbers:

AB40-ASA1, s. 845 Section 845. 23.0917 (7) (e) 1. of the statutes is amended to read:

AB40-ASA1,405,10 23.0917 (7) (e) 1. For any land for which moneys are proposed to be obligated from the appropriation under s. 20.866 (2) (ta) in order to provide a grant or, state aid, or other funding to a governmental unit or nonprofit conservation organization under s. 23.09 (19), (20), or (20m), 23.092 (4), 23.094 (3g), 23.0953, 23.096, 30.24 (2), or 30.277 or to a nonprofit conservation organization under s. 23.096, the department shall use at least 2 appraisals to determine the current fair market value of the land. The governmental unit or nonprofit conservation organization shall submit to the department one appraisal that is paid for by the governmental unit or nonprofit conservation organization. The department shall obtain its own independent appraisal. The department may also require that the governmental unit or nonprofit conservation organization submit a 3rd independent appraisal. The department shall reimburse the governmental unit or nonprofit conservation organization up to 50% of the costs of the 3rd appraisal as part of the acquisition costs of the land if the land is acquired by the governmental unit or nonprofit conservation organization with moneys obligated from the appropriation under s. 20.866 (2) (ta).

AB40-ASA1, s. 846 Section 846. 23.0917 (7) (e) 2. of the statutes is amended to read:

AB40-ASA1,405,13 23.0917 (7) (e) 2. Subdivision 1. does not apply if the current fair market value of the land is estimated by the department to be $350,000 or less.

AB40-ASA1, s. 847 Section 847. 23.0917 (7) (f) 2. of the statutes is amended to read:

AB40-ASA1,405,22 23.0917 (7) (f) 2. For any acquisition of any land that is funded with moneys obligated from the appropriation under s. 20.866 (2) (ta), the department, within 30 days after the moneys are obligated, shall submit to the clerk and the assessor of each taxation district in which the land is located a copy of every appraisal in the department's possession that was prepared in order to determine the current fair market value of the land involved. An assessor who receives a copy of an appraisal under this subdivision shall consider the appraisal in valuing the land as provided under s. 70.32 (1).

AB40-ASA1, s. 848m Section 848m. 23.0917 (12) of the statutes is repealed and recreated to read:

AB40-ASA1,405,25 23.0917 (12) Expenditures after 2020. No moneys may be obligated from the appropriation under s. 20.866 (2) (ta) after June 30, 2020.

AB40-ASA1, s. 856 Section 856. 23.15 (1) of the statutes is amended to read:

AB40-ASA1,406,7 23.15 (1) The natural resources board may sell, at public or private sale, lands and structures owned by the state under the jurisdiction of the department of natural resources, except central or district office facilities, when the natural resources board determines that said the lands are no longer necessary for the state's use for conservation purposes and, if real property, the real property is not the subject of a petition under s. 560.9810 16.310 (2).

AB40-ASA1, s. 857 Section 857. 23.167 (2) (intro.) of the statutes is amended to read:

AB40-ASA1,406,11 23.167 (2) (intro.) The department, in consultation with the department of commerce Wisconsin Economic Development Corporation, shall do all of the following for each economic development program administered by the department:

AB40-ASA1, s. 858 Section 858. 23.169 (title) of the statutes is amended to read:

AB40-ASA1,406,14 23.169 (title) Economic development assistance coordination and reporting.

AB40-ASA1, s. 859 Section 859. 23.169 of the statutes is renumbered 23.169 (2) and amended to read:

AB40-ASA1,406,24 23.169 (2) Annually, no later than October 1, the department shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing economic development programs, as defined in s. 23.167 (1), administered by the department. The report shall include all of the information required under s. 560.01 (2) (am) 238.07 (2). The department shall collaborate with the department of commerce Wisconsin Economic Development Corporation to make readily accessible to the public on an Internet-based system the information required under this section.

AB40-ASA1, s. 860 Section 860. 23.169 (1) of the statutes is created to read:

AB40-ASA1,407,2 23.169 (1) The department shall coordinate any economic development assistance with the Wisconsin Economic Development Corporation.

AB40-ASA1, s. 861g Section 861g. 23.17 (4m) of the statutes is created to read:

AB40-ASA1,407,6 23.17 (4m) Chippewa County interpretive center designation. The interpretive center in the Chippewa Moraine State Recreation Area in Chippewa County is designated the David R. Obey Ice Age Trail Interpretive Center.

AB40-ASA1, s. 862m Section 862m. 23.197 (15) of the statutes is created to read:

AB40-ASA1,407,18 23.197 (15) Agricultural easements. From the appropriation under s. 20.866 (2) (ta), the department of natural resources shall provide to the department of agriculture, trade and consumer protection the amount necessary for the department of agriculture, trade and consumer protection to purchase agricultural conservation easements under s. 93.73 (7) that were preliminarily approved under s. 93.73 (5) during 2010, but the amount may not exceed $5,200,000. For the purposes of s. 23.0917, moneys provided under this subsection from the appropriation under s. 20.866 (2) (ta) shall be treated as moneys obligated under the subprogram under s. 23.0917 (3), but the easements acquired with these moneys shall otherwise not be treated as easements that are acquired under the stewardship program under s. 23.0917.

AB40-ASA1, s. 862p Section 862p. 23.1985 of the statutes is amended to read:

AB40-ASA1,408,4 23.1985 Acquisition of certain public lands. Beginning in fiscal year 2006-07 and ending in fiscal year 2019-20, from the appropriation under s. 20.866 (2) (ta), the department shall set aside $2,000,000 in each fiscal year that may be obligated only to acquire land from the board of commissioners of public lands under s. 24.59 (1). If the department sets aside, but does not obligate moneys in a fiscal year under this section, the department may obligate those nonobligated moneys in a subsequent fiscal year under this section in addition to the amounts the department is required to set aside for that subsequent fiscal year. For purposes of s. 23.0917, moneys provided from the appropriation under s. 20.866 (2) (ta) shall be treated as moneys obligated under the subprogram under s. 23.0917 (3).

AB40-ASA1, s. 863 Section 863. 23.27 (5) of the statutes is amended to read:

AB40-ASA1,408,21 23.27 (5) Natural areas land acquisition; commitment under the Wisconsin natural areas heritage program. It is the intent of the legislature to initiate additional natural areas land acquisition activities with moneys available from the appropriations under ss. 20.370 (1) (mg) (gr) and 20.866 (2) (ta), (tt) and (tz) under the Wisconsin natural areas heritage program. This commitment is separate from and in addition to the continuing commitment under sub. (4). Moneys available from the appropriations under ss. 20.370 (1) (mg) (gr) and 20.866 (2) (ta), (tt) and (tz) under the Wisconsin natural areas heritage program may not be used to acquire land through condemnation. The department may not acquire land under this subsection unless the land is suitable for dedication under the Wisconsin natural areas heritage program and upon purchase or as soon after purchase as practicable the department shall take all necessary action to dedicate the land under the Wisconsin natural areas heritage program. Except as provided in s. 23.0915 (2), the department may not expend from the appropriation under s. 20.866 (2) (tz) more than $500,000 in each fiscal year for natural areas land acquisition activities under this subsection and for grants for this purpose under s. 23.096.

AB40-ASA1, s. 864 Section 864. 23.27 (6) of the statutes is amended to read:

AB40-ASA1,409,4 23.27 (6) Sale; credit. Moneys received by the state from the sale of any area on state-owned land under the department's management or control which is withdrawn from the state natural areas system shall be credited to the appropriation under s. 20.370 (1) (mg) (gr). An amount equal to the value of any area on state-owned land under the department's management or control which is withdrawn from the state natural areas system but remains in state ownership shall be credited to the appropriation under s. 20.370 (1) (mg) (gr).

AB40-ASA1, s. 865 Section 865. 23.29 (2) of the statutes is amended to read:

AB40-ASA1,409,16 23.29 (2) Contributions; state match. The department may accept contributions and gifts for the Wisconsin natural areas heritage program. The department shall convert donations of land which it determines, with the advice of the council, are not appropriate for the Wisconsin natural areas heritage program into cash. The department shall convert other noncash contributions into cash. These moneys shall be deposited in the general conservation fund and credited to the appropriation under s. 20.370 (1) (mg) (gr). These moneys shall be matched by an equal amount released from the appropriation under s. 20.866 (2) (ta), (tt) or (tz) or from any combination of these appropriations to be used for natural areas land acquisition activities under s. 23.27 (5). The department shall determine how the moneys being released are to be allocated from these appropriations.

AB40-ASA1, s. 866 Section 866. 24.80 of the statutes is amended to read:

AB40-ASA1,410,5 24.80 Normal school fund. The lands and moneys described in s. 24.79, not being granted for any other specified purpose, accrue to the school fund under article X, section 2, of the constitution; and having been found unnecessary for the support and maintenance of common schools, are appropriated to the support and maintenance of state universities and suitable libraries and apparatus therefor, and to that end are set apart and denominated the "Normal School Fund". All lands, moneys, loans, investments and securities set apart to the normal school fund and all swamp lands and income and interest received on account of the capital of that fund constitute a separate and perpetual fund. Except as provided in ss. 20.255 (1) (q) and 20.285 (1) (rm), all income and interest from the normal school fund shall be paid into the general fund as general purpose revenue. Normal school fund income, interest and revenues do not include expenses deducted from gross receipts permitted under ss. 24.04 (2), 24.53 and 24.62 (1).

AB40-ASA1, s. 866d Section 866d. 25.15 (5) of the statutes is amended to read:

AB40-ASA1,410,10 25.15 (5) Commissions. All records of commissions paid by the board for purchases and sales of investments are open to public inspection, except those relating to investments made or considered by the board in securities of entities that are in the venture capital stage.

AB40-ASA1, s. 866e Section 866e. 25.16 (2) of the statutes is amended to read:

AB40-ASA1,410,25 25.16 (2) Subject to authorization under s. 16.505, the The executive director may appoint a chief legal counsel, chief financial officer, chief risk officer and not more than 11 investment directors and shall appoint a chief investment officer and all other employees necessary to carry out the functions of the board, except that the board shall appoint the internal auditor and shall participate in the selection of the chief investment officer and investment directors and the internal auditor shall appoint his or her staff. The executive director shall appoint all employees outside the classified service, except blue collar and clerical employees. Neither the executive director, the internal auditor, the chief investment officer, the chief legal counsel, the chief financial officer, the chief risk officer, any investment director nor any other employee of the board shall have any financial interest, either directly or indirectly, in any firm engaged in the sale or marketing of real estate or investments of any kind, nor shall any of them render investment advice to others for remuneration.

AB40-ASA1, s. 866m Section 866m. 25.16 (7) of the statutes is amended to read:

AB40-ASA1,411,9 25.16 (7) The executive director shall fix the compensation of all employees appointed by the executive director, subject to restrictions set forth in the compensation plan under s. 230.12 or any applicable collective bargaining agreement in the case of employees in the classified service but the board may provide for bonus compensation to employees in the unclassified service. All employees shall pay employee required contributions under s. 40.05 (1) (a) 1. or 2., whichever is appropriate, and shall pay the employee share of health insurance premiums as determined under s. 40.05 (4) (ag).

AB40-ASA1, s. 866s Section 866s. 25.165 (1) of the statutes is amended to read:

AB40-ASA1,411,20 25.165 (1) There is created in the board an internal audit subunit, under the supervision of the internal auditor. The internal auditor shall report directly to the board and, subject to authorization under s. 16.505, shall appoint all employees necessary to carry out the duties of the internal auditor. The internal auditor shall appoint all employees outside the classified service, except blue collar and clerical employees. The internal auditor shall fix the compensation of all employees appointed by the internal auditor, subject to restrictions set forth in the compensation plan under s. 230.12 or any applicable collective bargaining agreement in the case of employees in the classified service but the board may provide for bonus compensation to employees in the unclassified service.

AB40-ASA1, s. 866t Section 866t. 25.17 (1) (cm) of the statutes is repealed.

AB40-ASA1, s. 867 Section 867. 25.17 (1) (nm) of the statutes is amended to read:

AB40-ASA1,411,24 25.17 (1) (nm) Recycling and renewable energy Economic development fund (s. 25.49);

AB40-ASA1, s. 867m Section 867m. 25.17 (1) (ys) of the statutes is repealed.

AB40-ASA1, s. 868 Section 868. 25.17 (2) (f) of the statutes is amended to read:

AB40-ASA1,412,10 25.17 (2) (f) Invest the moneys belonging to the college savings program trust fund, the college savings program bank deposit trust fund, and the college savings program credit union deposit trust fund in a manner consistent with the guidelines established under s. 14.64 16.641 (2) (c), unless the moneys are under the management and control of a vendor selected under s. 16.255. In making investments under this paragraph, the investment board shall accept any reasonable terms and conditions that the college savings program board specifies and is relieved of any obligations relevant to prudent investment of the fund, including the standard of responsibility under s. 25.15 (2).

AB40-ASA1, s. 868e Section 868e. 25.17 (13m) of the statutes is renumbered 25.17 (13m) (intro.) and amended to read:

AB40-ASA1,412,16 25.17 (13m) (intro.) 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 that identifies all of the following:

AB40-ASA1,412,20 (a) All costs and expenses charged to funds during that calendar quarter. The report shall include, including 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.

AB40-ASA1, s. 868f Section 868f. 25.17 (13m) (b) of the statutes is created to read:

AB40-ASA1,412,22 25.17 (13m) (b) All operating expenditures during that calendar quarter.

AB40-ASA1, s. 868g Section 868g. 25.17 (13m) (c) of the statutes is created to read:

AB40-ASA1,412,25 25.17 (13m) (c) The number of full-time equivalent positions created or abolished by the board under s. 16.505 (2g) during that calendar quarter.

AB40-ASA1, s. 868j Section 868j. 25.17 (13r) of the statutes is created to read:

AB40-ASA1,413,8 25.17 (13r) Appear before the joint committee on finance, by the board's executive director or by board personnel designated by the executive director, at the committee's first quarterly meeting under s. 13.10 in each fiscal year to provide an update, for the current fiscal year and the succeeding fiscal year, of the board's completed or projected operating budget changes, position authorization changes, assessment of the funds under management, and performance of the funds under management.

AB40-ASA1, s. 869 Section 869. 25.17 (70) (intro.) of the statutes is amended to read:

AB40-ASA1,413,18 25.17 (70) (intro.) No later than December 31 of every even-numbered year, after receiving a report from the department of commerce under s. 560.08 (2) (m) and in consultation with the department of commerce, submit to the governor and to the presiding officer of each house of the legislature a plan for making investments in this state. The purpose of the plan is to encourage the board to make the maximum amount of investments in this state, subject to s. 25.15 and consistent with the statutory purpose of each trust or fund managed by the board. The plan shall discuss potential investments to be made during the succeeding 5 years beginning in the year after submittal of the plan, and shall include, but not be limited to, the following:

AB40-ASA1, s. 870 Section 870. 25.17 (70) (a) of the statutes is repealed.

AB40-ASA1, s. 871 Section 871. 25.17 (70) (d) of the statutes is amended to read:

AB40-ASA1,413,23 25.17 (70) (d) Comments solicited from the secretary of commerce chief executive officer of the Wisconsin Economic Development Corporation and received by the board on or before November 30 of the year of submittal.

AB40-ASA1, s. 871m Section 871m. 25.184 of the statutes is created to read:

AB40-ASA1,414,5 25.184 Confidentiality of venture capital investment information. Information relating to investments made or considered by the board in securities of entities that are in the venture capital stage are not subject to public inspection, copying, or disclosure under s. 19.35 unless the information has been publicly released by another person.

AB40-ASA1, s. 872 Section 872. 25.185 (1) (a) of the statutes is amended to read:

AB40-ASA1,414,9 25.185 (1) (a) "Disabled veteran-owned financial adviser" means a financial adviser certified by the department of commerce administration under s. 560.0335 16.283 (3).

AB40-ASA1, s. 873 Section 873. 25.185 (1) (b) of the statutes is amended to read:

AB40-ASA1,414,13 25.185 (1) (b) "Disabled veteran-owned investment firm" means an investment firm certified by the department of commerce administration under s. 560.0335 16.283 (3).

AB40-ASA1, s. 874 Section 874. 25.185 (1) (c) of the statutes is amended to read:

AB40-ASA1,414,16 25.185 (1) (c) "Minority financial adviser" means a financial adviser certified by the department of commerce administration under s. 560.036 16.287 (2).

AB40-ASA1, s. 875 Section 875. 25.185 (1) (d) of the statutes is amended to read:

AB40-ASA1,414,19 25.185 (1) (d) "Minority investment firm" means an investment firm certified by the department of commerce administration under s. 560.036 16.287 (2).

AB40-ASA1, s. 875e Section 875e. 25.187 (2) (a) of the statutes is amended to read:

AB40-ASA1,415,2 25.187 (2) (a) Subject to par. (c), on On September 1 of each year, the investment board shall assess each fund for which the board has management responsibility for its share of the board's operating expenditures for the current fiscal year in an equitable manner. The board shall pay the assessment from the current income of each fund, unless an appropriation is made for payment of the assessment, in which case the assessment shall be paid from that appropriation account.

AB40-ASA1, s. 875m Section 875m. 25.187 (2) (b) of the statutes is created to read:

AB40-ASA1,415,5 25.187 (2) (b) The investment board may establish the operating budget for operating expenditures and monitor the fiscal management of this operating budget.

AB40-ASA1, s. 875s Section 875s. 25.187 (2) (c) of the statutes is repealed.

AB40-ASA1, s. 877 Section 877. 25.36 (1) of the statutes is amended to read:

AB40-ASA1,416,2 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), (w), and (z), and (zm), and (5) (mn), (v), (vo), and (zm), 45.03 (19), 45.07, 45.20, 45.21, 45.40 (1m), 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.

AB40-ASA1, s. 878 Section 878. 25.40 (1) (a) 3. of the statutes is amended to read:

AB40-ASA1,416,10 25.40 (1) (a) 3. Revenues collected under ss. 341.09 (2) (d), (2m) (a) 1., (4), and (7), 341.14 (2), (2m), (6) (d), (6m) (a), (6r) (b) 2., (6w), and (8), 341.145 (3), 341.16 (1) (a) and (b), (2), (2e), and (2m), 341.17 (8), 341.19 (1) (a), 341.25, 341.255 (1), (2) (a), (b), and (c), and (5), 341.26 (1), (2), (2m) (am) and (b), (3), (3m), (4), (5), and (7), 341.264 (1), 341.265 (1), 341.266 (2) (b) and (3), 341.268 (2) (b) and (3), 341.269 (2) (b), 341.30 (3), 341.305 (3), 341.307 (4) (a), 341.308 (3), 341.36 (1) and (1m), 341.51 (2), and 342.14, except s. 342.14 (1r), that are pledged to any fund created under s. 84.59 (2).

AB40-ASA1, s. 879m Section 879m. 25.40 (1) (a) 4. of the statutes is amended to read:

AB40-ASA1,416,14 25.40 (1) (a) 4. Moneys received paid to the Board of Regents of the University of Wisconsin System under s. 341.14 (6r) (b) 4. that are deposited in the general fund and credited to the appropriation under s. 20.285 (1) (jp).