AB40: Bill Text

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

AB40,468,3 25.17 (1) (nm) Recycling and renewable energy Economic development fund (s. 25.49);

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

AB40,468,13 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, s. 869 Section 869. 25.17 (70) (intro.) of the statutes is amended to read:

AB40,468,23 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AB40, s. 870 Section 870. 25.17 (70) (a) of the statutes is repealed.

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

AB40,469,3 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, s. 872 Section 872. 25.185 (1) (a) of the statutes is amended to read:

AB40,469,7 25.185 (1) (a) "Disabled veteran-owned financial adviser" means a financial adviser certified by the department of commerce safety and professional services under s. 560.0335 490.02 (3).

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

AB40,469,11 25.185 (1) (b) "Disabled veteran-owned investment firm" means an investment firm certified by the department of commerce safety and professional services under s. 560.0335 490.02 (3).

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

AB40,469,15 25.185 (1) (c) "Minority financial adviser" means a financial adviser certified by the department of commerce safety and professional services under s. 560.036 490.04 (2).

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

AB40,469,19 25.185 (1) (d) "Minority investment firm" means an investment firm certified by the department of commerce safety and professional services under s. 560.036 490.04 (2).

AB40, s. 876 Section 876. 25.29 (7) (intro.) of the statutes is amended to read:

AB40,470,6 25.29 (7) (intro.) All of the proceeds of the tax which is levied under s. 70.58, and all moneys paid into the state treasury as the counties' share of compensation of emergency fire wardens under s. 26.14 shall be used for acquiring, preserving and developing the forests of the state, including the acquisition of lands owned by counties by virtue of any tax deed and of other lands suitable for state forests, and for the development of lands so acquired and the conduct of forestry thereon, including the growing and planting of trees; for forest and marsh fire prevention and control; for grants to forestry cooperatives under s. 36.56 37.56; for compensation of emergency fire wardens; for maintenance, permanent property and forestry improvements; for other forestry purposes authorized by law and for the payment of aid for forests as authorized in s. 28.11 and subchs. I and VI of ch. 77.

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

AB40,471,2 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, s. 878 Section 878. 25.40 (1) (a) 3. of the statutes is amended to read:

AB40,471,10 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), 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, s. 879 Section 879. 25.40 (1) (a) 4. of the statutes is amended to read:

AB40,471,14 25.40 (1) (a) 4. Moneys received under s. 341.14 (6r) (b) 4. that are deposited in the general fund and credited to the appropriation appropriation accounts under s. ss. 20.285 (1) (jp) and 20.395 (5) (ef).

AB40, s. 880 Section 880. 25.40 (1) (a) 5m. of the statutes is repealed.

AB40, s. 881 Section 881. 25.40 (1) (bn) of the statutes is created to read:

AB40,471,17 25.40 (1) (bn) All moneys deposited under s. 77.61 (21).

AB40, s. 882 Section 882. 25.42 of the statutes is amended to read:

AB40,471,25 25.42 Wisconsin election campaign fund. All moneys appropriated under s. 20.855 (4) (b) and all moneys deposited in the Wisconsin election campaign fund under s. 71.10 (3e) (j) together with all moneys reverting to the state under s. 11.50 (8) and all gifts, bequests and devises received under s. 11.50 (13) constitute the Wisconsin election campaign fund, to be expended for the purposes of s. 11.50. All moneys in the fund not disbursed by the state treasurer shall continue to accumulate indefinitely.

AB40, s. 883 Section 883 . 25.42 of the statutes, as affected by 2011 Wisconsin Act .... (this act), is amended to read:

AB40,472,9 25.42 Wisconsin election campaign fund. All moneys appropriated under s. 20.855 (4) (b) and all moneys deposited in the Wisconsin election campaign fund under s. 71.10 (3e) (j) together with all moneys reverting to the state under s. 11.50 (8) and all gifts, bequests and devises received under s. 11.50 (13) constitute the Wisconsin election campaign fund, to be expended for the purposes of s. 11.50. All moneys in the fund not disbursed by the state treasurer shall continue to accumulate indefinitely.

AB40, s. 884 Section 884. 25.421 of the statutes is amended to read:

AB40,472,14 25.421 Democracy trust fund. All moneys appropriated under s. 20.855 (4) (ba) and (bb) and all moneys deposited in the state treasury democracy trust fund under ss. 11.509, 11.51 (4), and 11.511 (5r), and 71.10 (3e) (j) constitute the democracy trust fund, to be expended for the purposes of ss. 11.501 to 11.522.

AB40, s. 885 Section 885 . 25.421 of the statutes, as affected by 2011 Wisconsin Act .... (this act), is amended to read:

AB40,472,20 25.421 Democracy trust fund. All moneys appropriated under s. 20.855 (4) (ba) and all moneys deposited in the democracy trust fund under ss. 11.509, 11.51 (4), 11.511 (5r), and 71.10 (3e) (j) constitute the democracy trust fund, to be expended for the purposes of ss. 11.501 to 11.522.

AB40, s. 886 Section 886. 25.46 (1k) of the statutes is repealed.

AB40, s. 887 Section 887. 25.46 (6s) of the statutes is created to read:

AB40,472,24 25.46 (6s) The amounts required under s. 289.645 (6) to be deposited in the environmental fund.

AB40, s. 888 Section 888. 25.46 (19) of the statutes is repealed.

AB40, s. 889 Section 889. 25.466 of the statutes is amended to read:

AB40,473,5 25.466 Working lands fund. There is created a separate trust fund designated as the working lands fund, consisting of all moneys received under ss. 91.48 (2) (c) and s. 91.66 (1) (c) and all moneys received due to the sale, modification, or termination of an easement purchased under s. 93.73.

AB40, s. 890 Section 890. 25.47 (5) of the statutes is amended to read:

AB40,473,8 25.47 (5) The moneys transferred from the appropriation account under s. 20.143 (3) 20.165 (2) (s).

AB40, s. 891 Section 891. 25.49 (intro.) of the statutes is amended to read:

AB40,473,12 25.49 Recycling and renewable energy Economic development fund. (intro.) There is established a separate nonlapsible trust fund designated as the recycling and renewable energy economic development fund, to consist of:

AB40, s. 892 Section 892. 25.49 (1m) of the statutes is renumbered 25.46 (5k).

AB40, s. 893 Section 893. 25.49 (2) of the statutes is renumbered 25.46 (5L).

AB40, s. 894 Section 894. 25.49 (3) of the statutes is amended to read:

AB40,473,17 25.49 (3) The fees imposed amounts required under s. 289.645 (6) to be deposited in the economic development fund.

AB40, s. 895 Section 895. 25.50 (1) (d) of the statutes is amended to read:

AB40,474,3 25.50 (1) (d) "Local government" means any county, town, village, city, power district, sewerage district, drainage district, town sanitary district, public inland lake protection and rehabilitation district, local professional baseball park district created under subch. III of ch. 229, long-term care district under s. 46.2895, local professional football stadium district created under subch. IV of ch. 229, local cultural arts district created under subch. V of ch. 229, public library system, school district or technical college district in this state, any commission, committee, board or officer of any governmental subdivision of this state, any court of this state, other than the court of appeals or the supreme court, or any authority created under s. 37.02 (1), 114.61, 149.41, 231.02, 233.02 or 234.02.

AB40, s. 896 Section 896. 25.50 (3) (a) of the statutes is amended to read:

AB40,474,7 25.50 (3) (a) With the consent of the governing body, a local official may transfer local funds to the state treasurer department of administration for deposit in the fund.

AB40, s. 897 Section 897. 25.50 (3m) of the statutes is created to read:

AB40,474,11 25.50 (3m) Notwithstanding sub. (3) (a), each day, the authority created under s. 37.02 (1) shall transfer to the state treasurer for deposit into the fund the collected net cash balance from all sources except gifts, grants, and donations.

AB40, s. 898 Section 898. 25.50 (4) of the statutes is amended to read:

AB40,474,16 25.50 (4) Period of investments; withdrawal of funds. Subject to the right of the local government to specify the period in which its funds may be held in the fund, the state treasurer department of administration shall prescribe the mechanisms and procedures for deposits and withdrawals.

AB40, s. 899 Section 899. 25.50 (5m) (a) of the statutes is amended to read:

AB40,475,2 25.50 (5m) (a) The board, in cooperation with the department of administration, shall provide information necessary for the state treasurer to provide a monthly report to each local government having an investment in the fund. The board shall use all reasonable efforts to provide the information to the state treasurer in time to allow the treasurer to mail or electronically transmit the report to the local government no later than 6 business days after the end of the month covered by the report. The report shall include information on the fund's earnings for the month, with comparison to appropriate indexes or benchmarks in the private sector.

AB40, s. 900 Section 900. 25.50 (7) of the statutes is amended to read:

AB40,475,10 25.50 (7) Reimbursement of expenses. The state treasurer department of administration shall deduct monthly from the earnings of the fund during the preceding calendar 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 department of administration deduct an amount exceeding the amount appropriated under s. 20.585 20.505 (1) (g) (gc) for that fiscal year.

AB40, s. 901 Section 901. 25.50 (8) (b) of the statutes is amended to read:

AB40,475,14 25.50 (8) (b) The state treasurer department of administration shall report monthly to each local official the deposits and withdrawals of the preceding month and any other activity within the account.

AB40, s. 902 Section 902. 25.50 (9) of the statutes is amended to read:

AB40,475,17 25.50 (9) Rules. The state treasurer department of administration may promulgate rules to carry out the purposes of this section.

AB40, s. 903 Section 903. 25.50 (10) of the statutes is amended to read:

AB40,475,21 25.50 (10) Insurance of principal. The state treasurer department of administration may obtain insurance for the safety of the principal investments of the fund. The insurance is a reimbursable expense under sub. (7).

AB40, s. 904 Section 904. 25.80 of the statutes is amended to read:

AB40,475,25 25.80 Tuition trust fund. There is established a separate nonlapsible trust fund designated as the tuition trust fund, consisting of all revenue from enrollment fees and the sale of tuition units under s. 14.63 16.64.

AB40, s. 905 Section 905. 25.85 of the statutes is amended to read:

AB40,476,8 25.85 College savings program trust fund. There is established a separate nonlapsible trust fund designated as the college savings program trust fund, consisting of all revenue from enrollment fees for and contributions to college savings accounts under s. 14.64 16.641 and from distributions and fees paid by the vendor under s. 16.255 (3) other than revenue from those sources that is deposited in the college savings program bank deposit trust fund or the college savings program credit union deposit trust fund.

AB40, s. 906 Section 906. 25.853 of the statutes is amended to read:

AB40,476,19 25.853 College savings program bank deposit trust fund. There is established a separate nonlapsible trust fund designated as the college savings program bank deposit trust fund, consisting of all revenue from enrollment fees for and contributions to college savings accounts under s. 14.64 16.641 in which the investment instrument is an account held by a state or national bank, a state or federal savings bank, a state or federal savings and loan association, or a savings and trust company that has its main office or home office or a branch office in this state and that is insured by the Federal Deposit Insurance Corporation, and all revenue from distributions and fees paid by the vendors of those investment instruments under s. 16.255 (3).

AB40, s. 907 Section 907. 25.855 of the statutes is amended to read:

AB40,477,4 25.855 College savings program credit union deposit trust fund. There is established a separate nonlapsible trust fund designated as the college savings program credit union deposit trust fund, consisting of all revenue from enrollment fees for and contributions to college savings accounts under s. 14.64 16.641 in which the investment instrument is an account held by a state or federal credit union, including a corporate central credit union organized under s. 186.32, that has its main office or home office or a branch office located in this state and that is insured by the National Credit Union Administration, and all revenue from distributions and fees paid by the vendors of those investment instruments under s. 16.255 (3).

AB40, s. 908 Section 908. 26.02 (1) (intro.) of the statutes is amended to read:

AB40,477,9 26.02 (1) Duties. (intro.) The council on forestry shall advise the governor, the legislature, the department of natural resources, the department of commerce, and other state agencies, as determined to be appropriate by the council, on all of the following topics as they affect forests located in this state:

AB40, s. 909 Section 909. 26.37 (1) (intro.) of the statutes is amended to read:

AB40,477,15 26.37 (1) (intro.) The department of natural resources and the department of commerce shall jointly develop a plan to establish a lake states wood utilization consortium to provide research, development, and demonstration grants to enhance the forest products industry in Wisconsin and other states. The plan shall do all of the following:

AB40, s. 910 Section 910. 26.37 (1) (b) of the statutes is amended to read:

AB40,477,20 26.37 (1) (b) Establish an implementation committee for the consortium. Members of the committee may include one or more representatives from the department of natural resources, the department of commerce Wisconsin Economic Development Corporation, and the forest products industry.

AB40, s. 911 Section 911. 26.37 (2) of the statutes is amended to read:

AB40,478,9 26.37 (2) The department of natural resources may not expend moneys from the appropriations under s. 20.370 (5) (ax) or (6) (bt), 1997 stats., unless the department of natural resources and the department of commerce Wisconsin Economic Development Corporation first submit to the joint committee on finance the plan required under sub. (1). If the cochairpersons of the joint committee on finance do not notify the department of natural resources within 14 working days after the date of the departments' submittal of the plan that the committee has scheduled a meeting to review the plan, the plan may be implemented and moneys may be expended as proposed by the department of natural resources. If, within 14 days after the date of the departments' submittal of the plan, the cochairpersons of the committee notify the department of natural resources that the committee has scheduled a meeting to review the plan, moneys may be expended only after the plan has been approved by the committee.

AB40, s. 912 Section 912. 26.39 (6) of the statutes is amended to read:

AB40,478,16 26.39 (6) Forestry internships. The department shall use the moneys allocated under s. 28.085 to provide internships to University of Wisconsin System students and University of Wisconsin-Madison 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.

AB40, s. 913 Section 913. 28.02 (2) of the statutes is amended to read:

AB40,478,25 28.02 (2) Acquisition. The Subject to the limitations under s. 23.0917 (8m), the department may acquire lands or interest in lands by grant, devise, gift, condemnation or purchase within the boundaries of established state forests or purchase areas; and outside of such boundaries for forest nurseries, tracts for forestry research or demonstration and for forest protection structures, or for access to such properties. In the case of condemnation the department shall first obtain approval from the appropriate standing committees of each house of the legislature as determined by the presiding officer thereof.