AB40, s. 867
1Section 867. 25.17 (1) (nm) of the statutes is amended to read:
AB40,468,32 25.17 (1) (nm) Recycling and renewable energy Economic development fund (s.
325.49);
AB40, s. 868 4Section 868. 25.17 (2) (f) of the statutes is amended to read:
AB40,468,135 25.17 (2) (f) Invest the moneys belonging to the college savings program trust
6fund, the college savings program bank deposit trust fund, and the college savings
7program credit union deposit trust fund in a manner consistent with the guidelines
8established under s. 14.64 16.641 (2) (c), unless the moneys are under the
9management and control of a vendor selected under s. 16.255. In making
10investments under this paragraph, the investment board shall accept any
11reasonable terms and conditions that the college savings program board specifies
12and is relieved of any obligations relevant to prudent investment of the fund,
13including the standard of responsibility under s. 25.15 (2).
AB40, s. 869 14Section 869. 25.17 (70) (intro.) of the statutes is amended to read:
AB40,468,2315 25.17 (70) (intro.) No later than December 31 of every even-numbered year,
16after receiving a report from the department of commerce under s. 560.08 (2) (m) and
17in consultation with the department of commerce
, submit to the governor and to the
18presiding officer of each house of the legislature a plan for making investments in
19this state. The purpose of the plan is to encourage the board to make the maximum
20amount of investments in this state, subject to s. 25.15 and consistent with the
21statutory purpose of each trust or fund managed by the board. The plan shall discuss
22potential investments to be made during the succeeding 5 years beginning in the
23year after submittal of the plan, and shall include, but not be limited to, the following:
AB40, s. 870 24Section 870. 25.17 (70) (a) of the statutes is repealed.
AB40, s. 871 25Section 871. 25.17 (70) (d) of the statutes is amended to read:
AB40,469,3
125.17 (70) (d) Comments solicited from the secretary of commerce chief
2executive officer of the Wisconsin Economic Development Corporation
and received
3by the board on or before November 30 of the year of submittal.
AB40, s. 872 4Section 872. 25.185 (1) (a) of the statutes is amended to read:
AB40,469,75 25.185 (1) (a) "Disabled veteran-owned financial adviser" means a financial
6adviser certified by the department of commerce safety and professional services
7under s. 560.0335 490.02 (3).
AB40, s. 873 8Section 873. 25.185 (1) (b) of the statutes is amended to read:
AB40,469,119 25.185 (1) (b) "Disabled veteran-owned investment firm" means an
10investment firm certified by the department of commerce safety and professional
11services
under s. 560.0335 490.02 (3).
AB40, s. 874 12Section 874. 25.185 (1) (c) of the statutes is amended to read:
AB40,469,1513 25.185 (1) (c) "Minority financial adviser" means a financial adviser certified
14by the department of commerce safety and professional services under s. 560.036
15490.04 (2).
AB40, s. 875 16Section 875. 25.185 (1) (d) of the statutes is amended to read:
AB40,469,1917 25.185 (1) (d) "Minority investment firm" means an investment firm certified
18by the department of commerce safety and professional services under s. 560.036
19490.04 (2).
AB40, s. 876 20Section 876. 25.29 (7) (intro.) of the statutes is amended to read:
AB40,470,621 25.29 (7) (intro.) All of the proceeds of the tax which is levied under s. 70.58,
22and all moneys paid into the state treasury as the counties' share of compensation
23of emergency fire wardens under s. 26.14 shall be used for acquiring, preserving and
24developing the forests of the state, including the acquisition of lands owned by
25counties by virtue of any tax deed and of other lands suitable for state forests, and

1for the development of lands so acquired and the conduct of forestry thereon,
2including the growing and planting of trees; for forest and marsh fire prevention and
3control; for grants to forestry cooperatives under s. 36.56 37.56; for compensation of
4emergency fire wardens; for maintenance, permanent property and forestry
5improvements; for other forestry purposes authorized by law and for the payment of
6aid for forests as authorized in s. 28.11 and subchs. I and VI of ch. 77.
AB40, s. 877 7Section 877. 25.36 (1) of the statutes is amended to read:
AB40,471,28 25.36 (1) Except as provided in sub. (2), all moneys appropriated or transferred
9by law shall constitute the veterans trust fund which shall be used for the lending
10of money to the mortgage loan repayment fund under s. 45.37 (5) (a) 12. and for the
11veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (vy), (w), and (z),
12and (zm),
and (5) (mn), (v), (vo), and (zm), 45.03 (19), 45.07, 45.20, 45.21, 45.40 (1m),
1345.41, 45.42, 45.43, and 45.82 and administered by the department of veterans
14affairs, including all moneys received from the federal government for the benefit of
15veterans or their dependents; all moneys paid as interest on and repayment of loans
16under the post-war rehabilitation fund; soldiers rehabilitation fund, veterans
17housing funds as they existed prior to July 1, 1961; all moneys paid as interest on
18and repayment of loans under this fund; all moneys paid as expenses for, interest on,
19and repayment of veterans trust fund stabilization loans under s. 45.356, 1995 stats.;
20all moneys paid as expenses for, interest on, and repayment of veterans personal
21loans; the net proceeds from the sale of mortgaged properties related to veterans
22personal loans; all mortgages issued with the proceeds of the 1981 veterans home
23loan revenue bond issuance purchased with moneys in the veterans trust fund; all
24moneys received from the state investment board under s. 45.42 (8) (b); all moneys
25received from the veterans mortgage loan repayment fund under s. 45.37 (7) (a) and

1(c); and all gifts of money received by the board of veterans affairs for the purposes
2of this fund.
AB40, s. 878 3Section 878. 25.40 (1) (a) 3. of the statutes is amended to read:
AB40,471,104 25.40 (1) (a) 3. Revenues collected under ss. 341.09 (2) (d), (2m) (a) 1., (4), and
5(7), 341.14 (2), (2m), (6) (d), (6m) (a), (6r) (b) 2., (6w), and (8), 341.145 (3), 341.16 (1)
6(a) and (b), (2), and (2m), 341.17 (8), 341.19 (1) (a), 341.25, 341.255 (1), (2) (a), (b), and
7(c), and (5), 341.26 (1), (2), (2m) (am) and (b), (3), (3m), (4), (5), and (7), 341.264 (1),
8341.265 (1), 341.266 (2) (b) and (3), 341.268 (2) (b) and (3), 341.269 (2) (b), 341.30 (3),
9341.305 (3), 341.307 (4) (a), 341.308 (3), 341.36 (1) and (1m), 341.51 (2), and 342.14,
10except s. 342.14 (1r),
that are pledged to any fund created under s. 84.59 (2).
AB40, s. 879 11Section 879. 25.40 (1) (a) 4. of the statutes is amended to read:
AB40,471,1412 25.40 (1) (a) 4. Moneys received under s. 341.14 (6r) (b) 4. that are deposited
13in the general fund and credited to the appropriation appropriation accounts under
14s. ss. 20.285 (1) (jp) and 20.395 (5) (ef).
AB40, s. 880 15Section 880. 25.40 (1) (a) 5m. of the statutes is repealed.
AB40, s. 881 16Section 881. 25.40 (1) (bn) of the statutes is created to read:
AB40,471,1717 25.40 (1) (bn) All moneys deposited under s. 77.61 (21).
AB40, s. 882 18Section 882. 25.42 of the statutes is amended to read:
AB40,471,25 1925.42 Wisconsin election campaign fund. All moneys appropriated under
20s. 20.855 (4) (b) and all moneys deposited in the Wisconsin election campaign fund
21under s. 71.10 (3e) (j)
together with all moneys reverting to the state under s. 11.50
22(8) and all gifts, bequests and devises received under s. 11.50 (13) constitute the
23Wisconsin election campaign fund, to be expended for the purposes of s. 11.50. All
24moneys in the fund not disbursed by the state treasurer shall continue to accumulate
25indefinitely.
AB40, s. 883
1Section 883 . 25.42 of the statutes, as affected by 2011 Wisconsin Act .... (this
2act), is amended to read:
AB40,472,9 325.42 Wisconsin election campaign fund. All moneys appropriated under
4s. 20.855 (4) (b) and all moneys
deposited in the Wisconsin election campaign fund
5under s. 71.10 (3e) (j) together with all moneys reverting to the state under s. 11.50
6(8) and all gifts, bequests and devises received under s. 11.50 (13) constitute the
7Wisconsin election campaign fund, to be expended for the purposes of s. 11.50. All
8moneys in the fund not disbursed by the state treasurer shall continue to accumulate
9indefinitely.
AB40, s. 884 10Section 884. 25.421 of the statutes is amended to read:
AB40,472,14 1125.421 Democracy trust fund. All moneys appropriated under s. 20.855 (4)
12(ba) and (bb) and all moneys deposited in the state treasury democracy trust fund
13under ss. 11.509, 11.51 (4), and 11.511 (5r), and 71.10 (3e) (j) constitute the democracy
14trust fund, to be expended for the purposes of ss. 11.501 to 11.522.
AB40, s. 885 15Section 885 . 25.421 of the statutes, as affected by 2011 Wisconsin Act .... (this
16act), is amended to read:
AB40,472,20 1725.421 Democracy trust fund. All moneys appropriated under s. 20.855 (4)
18(ba) and all moneys
deposited in the democracy trust fund under ss. 11.509, 11.51 (4),
1911.511 (5r), and 71.10 (3e) (j) constitute the democracy trust fund, to be expended for
20the purposes of ss. 11.501 to 11.522.
AB40, s. 886 21Section 886. 25.46 (1k) of the statutes is repealed.
AB40, s. 887 22Section 887. 25.46 (6s) of the statutes is created to read:
AB40,472,2423 25.46 (6s) The amounts required under s. 289.645 (6) to be deposited in the
24environmental fund.
AB40, s. 888 25Section 888. 25.46 (19) of the statutes is repealed.
AB40, s. 889
1Section 889. 25.466 of the statutes is amended to read:
AB40,473,5 225.466 Working lands fund. There is created a separate trust fund
3designated as the working lands fund, consisting of all moneys received under ss.
491.48 (2) (c) and
s. 91.66 (1) (c) and all moneys received due to the sale, modification,
5or termination of an easement purchased under s. 93.73
.
AB40, s. 890 6Section 890. 25.47 (5) of the statutes is amended to read:
AB40,473,87 25.47 (5) The moneys transferred from the appropriation account under s.
820.143 (3) 20.165 (2) (s).
AB40, s. 891 9Section 891. 25.49 (intro.) of the statutes is amended to read:
AB40,473,12 1025.49 Recycling and renewable energy Economic development fund.
11(intro.) There is established a separate nonlapsible trust fund designated as the
12recycling and renewable energy economic development fund, to consist of:
AB40, s. 892 13Section 892. 25.49 (1m) of the statutes is renumbered 25.46 (5k).
AB40, s. 893 14Section 893. 25.49 (2) of the statutes is renumbered 25.46 (5L).
AB40, s. 894 15Section 894. 25.49 (3) of the statutes is amended to read:
AB40,473,1716 25.49 (3) The fees imposed amounts required under s. 289.645 (6) to be
17deposited in the economic development fund
.
AB40, s. 895 18Section 895. 25.50 (1) (d) of the statutes is amended to read:
AB40,474,319 25.50 (1) (d) "Local government" means any county, town, village, city, power
20district, sewerage district, drainage district, town sanitary district, public inland
21lake protection and rehabilitation district, local professional baseball park district
22created under subch. III of ch. 229, long-term care district under s. 46.2895, local
23professional football stadium district created under subch. IV of ch. 229, local
24cultural arts district created under subch. V of ch. 229, public library system, school
25district or technical college district in this state, any commission, committee, board

1or officer of any governmental subdivision of this state, any court of this state, other
2than the court of appeals or the supreme court, or any authority created under s.
337.02 (1), 114.61, 149.41, 231.02, 233.02 or 234.02.
AB40, s. 896 4Section 896. 25.50 (3) (a) of the statutes is amended to read:
AB40,474,75 25.50 (3) (a) With the consent of the governing body, a local official may transfer
6local funds to the state treasurer department of administration for deposit in the
7fund.
AB40, s. 897 8Section 897. 25.50 (3m) of the statutes is created to read:
AB40,474,119 25.50 (3m) Notwithstanding sub. (3) (a), each day, the authority created under
10s. 37.02 (1) shall transfer to the state treasurer for deposit into the fund the collected
11net cash balance from all sources except gifts, grants, and donations.
AB40, s. 898 12Section 898. 25.50 (4) of the statutes is amended to read:
AB40,474,1613 25.50 (4) Period of investments; withdrawal of funds. Subject to the right of
14the local government to specify the period in which its funds may be held in the fund,
15the state treasurer department of administration shall prescribe the mechanisms
16and procedures for deposits and withdrawals.
AB40, s. 899 17Section 899. 25.50 (5m) (a) of the statutes is amended to read:
AB40,475,218 25.50 (5m) (a) The board, in cooperation with the department of
19administration, shall provide information necessary for the state treasurer to
20provide
a monthly report to each local government having an investment in the fund.
21The board shall use all reasonable efforts to provide the information to the state
22treasurer in time to allow the treasurer to mail or electronically transmit
the report
23to the local government no later than 6 business days after the end of the month
24covered by the report. The report shall include information on the fund's earnings

1for the month, with comparison to appropriate indexes or benchmarks in the private
2sector.
AB40, s. 900 3Section 900. 25.50 (7) of the statutes is amended to read:
AB40,475,104 25.50 (7) Reimbursement of expenses. The state treasurer department of
5administration
shall deduct monthly from the earnings of the fund during the
6preceding calendar month an amount sufficient to cover all actual and necessary
7expenses incurred by the state in administering the fund in the preceding calendar
8month, except that in no fiscal year may the state treasurer department of
9administration
deduct an amount exceeding the amount appropriated under s.
1020.585 20.505 (1) (g) (gc) for that fiscal year.
AB40, s. 901 11Section 901. 25.50 (8) (b) of the statutes is amended to read:
AB40,475,1412 25.50 (8) (b) The state treasurer department of administration shall report
13monthly to each local official the deposits and withdrawals of the preceding month
14and any other activity within the account.
AB40, s. 902 15Section 902. 25.50 (9) of the statutes is amended to read:
AB40,475,1716 25.50 (9) Rules. The state treasurer department of administration may
17promulgate rules to carry out the purposes of this section.
AB40, s. 903 18Section 903. 25.50 (10) of the statutes is amended to read:
AB40,475,2119 25.50 (10) Insurance of principal. The state treasurer department of
20administration
may obtain insurance for the safety of the principal investments of
21the fund. The insurance is a reimbursable expense under sub. (7).
AB40, s. 904 22Section 904. 25.80 of the statutes is amended to read:
AB40,475,25 2325.80 Tuition trust fund. There is established a separate nonlapsible trust
24fund designated as the tuition trust fund, consisting of all revenue from enrollment
25fees and the sale of tuition units under s. 14.63 16.64.
AB40, s. 905
1Section 905. 25.85 of the statutes is amended to read:
AB40,476,8 225.85 College savings program trust fund. There is established a separate
3nonlapsible trust fund designated as the college savings program trust fund,
4consisting of all revenue from enrollment fees for and contributions to college savings
5accounts under s. 14.64 16.641 and from distributions and fees paid by the vendor
6under s. 16.255 (3) other than revenue from those sources that is deposited in the
7college savings program bank deposit trust fund or the college savings program
8credit union deposit trust fund.
AB40, s. 906 9Section 906. 25.853 of the statutes is amended to read:
AB40,476,19 1025.853 College savings program bank deposit trust fund. There is
11established a separate nonlapsible trust fund designated as the college savings
12program bank deposit trust fund, consisting of all revenue from enrollment fees for
13and contributions to college savings accounts under s. 14.64 16.641 in which the
14investment instrument is an account held by a state or national bank, a state or
15federal savings bank, a state or federal savings and loan association, or a savings and
16trust company that has its main office or home office or a branch office in this state
17and that is insured by the Federal Deposit Insurance Corporation, and all revenue
18from distributions and fees paid by the vendors of those investment instruments
19under s. 16.255 (3).
AB40, s. 907 20Section 907. 25.855 of the statutes is amended to read:
AB40,477,4 2125.855 College savings program credit union deposit trust fund. There
22is established a separate nonlapsible trust fund designated as the college savings
23program credit union deposit trust fund, consisting of all revenue from enrollment
24fees for and contributions to college savings accounts under s. 14.64 16.641 in which
25the investment instrument is an account held by a state or federal credit union,

1including a corporate central credit union organized under s. 186.32, that has its
2main office or home office or a branch office located in this state and that is insured
3by the National Credit Union Administration, and all revenue from distributions
4and fees paid by the vendors of those investment instruments under s. 16.255 (3).
AB40, s. 908 5Section 908. 26.02 (1) (intro.) of the statutes is amended to read:
AB40,477,96 26.02 (1) Duties. (intro.) The council on forestry shall advise the governor, the
7legislature, the department of natural resources, the department of commerce, and
8other state agencies, as determined to be appropriate by the council, on all of the
9following topics as they affect forests located in this state:
AB40, s. 909 10Section 909. 26.37 (1) (intro.) of the statutes is amended to read:
AB40,477,1511 26.37 (1) (intro.) The department of natural resources and the department of
12commerce
shall jointly develop a plan to establish a lake states wood utilization
13consortium to provide research, development, and demonstration grants to enhance
14the forest products industry in Wisconsin and other states. The plan shall do all of
15the following:
AB40, s. 910 16Section 910. 26.37 (1) (b) of the statutes is amended to read:
AB40,477,2017 26.37 (1) (b) Establish an implementation committee for the consortium.
18Members of the committee may include one or more representatives from the
19department of natural resources, the department of commerce Wisconsin Economic
20Development Corporation,
and the forest products industry.
AB40, s. 911 21Section 911. 26.37 (2) of the statutes is amended to read:
AB40,478,922 26.37 (2) The department of natural resources may not expend moneys from
23the appropriations under s. 20.370 (5) (ax) or (6) (bt), 1997 stats., unless the
24department of natural resources and the department of commerce Wisconsin
25Economic Development Corporation
first submit to the joint committee on finance

1the plan required under sub. (1). If the cochairpersons of the joint committee on
2finance do not notify the department of natural resources within 14 working days
3after the date of the departments' submittal of the plan that the committee has
4scheduled a meeting to review the plan, the plan may be implemented and moneys
5may be expended as proposed by the department of natural resources. If, within 14
6days after the date of the departments' submittal of the plan, the cochairpersons of
7the committee notify the department of natural resources that the committee has
8scheduled a meeting to review the plan, moneys may be expended only after the plan
9has been approved by the committee.
AB40, s. 912 10Section 912. 26.39 (6) of the statutes is amended to read:
AB40,478,1611 26.39 (6) Forestry internships. The department shall use the moneys
12allocated under s. 28.085 to provide internships to University of Wisconsin System
13students and University of Wisconsin-Madison students who are enrolled in a course
14of study that will result in a bachelor's or higher degree in forestry. The department
15shall promulgate rules establishing the application process and the criteria for
16receipt of an internship under this subsection.
AB40, s. 913 17Section 913. 28.02 (2) of the statutes is amended to read:
AB40,478,2518 28.02 (2) Acquisition. The Subject to the limitations under s. 23.0917 (8m), the
19department may acquire lands or interest in lands by grant, devise, gift,
20condemnation or purchase within the boundaries of established state forests or
21purchase areas; and outside of such boundaries for forest nurseries, tracts for
22forestry research or demonstration and for forest protection structures, or for access
23to such properties. In the case of condemnation the department shall first obtain
24approval from the appropriate standing committees of each house of the legislature
25as determined by the presiding officer thereof.
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