"(r) Additional operational or administrative expenses.
From the Wisconsin 8
next generation reserve fund, a sum sufficient equal to any amount authorized under 9
s. 555.06 for general program operations and administrative expenses.".
"555.05 Annual report.
Annually, the board shall submit to the chief clerk 11
of each house of the legislature, for distribution to the legislature under s. 13.172 (2), 12
a report that includes all of the following:
An accounting of the revenue received in the fund under s. 73.16 (2).
An accounting of all expenditures from the fund by the board for any 15
For each each certified bioscience company that received a grant, loan, or 17
investment from the board during the preceding year, all of the following:
(a) The name and address of the certified bioscience company.
(b) A description of the nature of the business conducted by the certified 20
(c) The amount of the grant, loan, or investment.
(d) A description of the purposes for which the certified bioscience company 23
used or is using the grant, loan, or investment.
An accounting of the internal rate of return realized by the board on its 2
loans to and investments in certified bioscience companies.
3555.06 Expenditure of fund moneys for operational or administrative
If the board determines that the amount provided under s. 20.195 (1) (q) 1., 5
2., 3., or 4. is not sufficient to cover the board's actual general program operations and 6
administrative expenses for a fiscal year, the board may notify the joint committee 7
on finance in writing that the board proposes to exceed that amount for those 8
purposes. That notice shall state the specific amount of additional moneys from the 9
fund that the board proposes to use for general program operations and 10
administrative expenses and the board's reasons supporting its determination that 11
its expenditure of that additional amount is necessary for those purposes. If, within 12
14 working days after the date of that notice, the cochairpersons of the committee do 13
not notify the board that the committee has scheduled a meeting to review the board's 14
proposal, the board may expend the additional amount as proposed in the board's 15
notice. If, within 14 working days after the date of that notice, the cochairpersons 16
of the committee notify the board that the committee has scheduled a meeting to 17
review the board's proposal, the board may expend the additional amount only upon 18
approval of the committee.".