Amendment ASA1-SB55

SB55-ASA1, s. 685 Section 685. 24.66 (3) (b) of the statutes is amended to read:

SB55-ASA1,468,10 24.66 (3) (b) For long-term loans by unified school districts. Every application for a loan, the required repayment of which exceeds 10 years, shall be approved and authorized for a unified school district by a majority vote of the members of the school board at a regular or special meeting of the school board. Every vote so required shall be by ayes and noes duly recorded. In addition, the application shall be approved for a unified school district by a majority vote of the electors of the school district at a special election referendum as provided under sub. (4) (b).

SB55-ASA1, s. 686 Section 686. 24.66 (4) of the statutes is renumbered 24.66 (4) (a) and amended to read:

SB55-ASA1,468,20 24.66 (4) (a) If any municipality other than a school district is not empowered by law to incur indebtedness for a particular purpose without first submitting the question to its electors, the application for a state trust fund loan for that purpose must be approved and authorized by a majority vote of the electors at a special election called, noticed and held in the manner provided for other special elections. The question to be voted on shall be filed as provided in s. 8.37. The notice of the election shall state the amount of the proposed loan and the purpose for which it will be used.

SB55-ASA1, s. 687 Section 687. 24.66 (4) (b) of the statutes is created to read:

SB55-ASA1,469,7 24.66 (4) (b) If any school district is not empowered by law to incur indebtedness for a particular purpose without first submitting the question to its electors, the application for a state trust fund loan for that purpose must be approved and authorized by a majority vote of the electors at the next regularly scheduled spring election or general election that occurs not sooner than 42 days after the filing of the resolution under sub. (5) or at a special election held on the Tuesday after the first Monday in November in an odd-numbered year if that date occurs not sooner than 42 days after the filing of the resolution under sub. (5). The referendum shall be called, noticed, and held in the manner provided for other referenda. The notice of the referendum shall state the amount of the proposed loan and the purpose for which it will be used.

SB55-ASA1, s. 688 Section 688. 25.14 (1) (a) 15. of the statutes is created to read:

SB55-ASA1,469,9 25.14 (1) (a) 15. The permanent endowment fund.

SB55-ASA1, s. 1102e Section 1102e. 25.14 (1) (a) 15m. of the statutes is created to read:

SB55-ASA1,469,11 25.14 (1) (a) 15m. Any redemption fund established under s. 18.561 (5).

SB55-ASA1, s. 1102g Section 1102g. 25.14 (1) (a) 16. of the statutes is created to read:

SB55-ASA1,469,13 25.14 (1) (a) 16. Any redemption fund established under s. 18.562 (3).

SB55-ASA1, s. 1102k Section 1102k. 25.14 (1) (a) 17. of the statutes is created to read:

SB55-ASA1,469,15 25.14 (1) (a) 17. Any fund established under s. 18.57 (1).

SB55-ASA1, s. 1102m Section 1102m. 25.14 (1) (a) 18. of the statutes is created to read:

SB55-ASA1,469,17 25.14 (1) (a) 18. The artistic endowment fund.

SB55-ASA1, s. 1104m Section 1104m. 25.17 (1) (ak) of the statutes is created to read:

SB55-ASA1,469,19 25.17 (1) (ak) Artistic endowment fund (s. 25.78);

SB55-ASA1, s. 689 Section 689. 25.17 (1) (ee) of the statutes is repealed.

SB55-ASA1, s. 690 Section 690. 25.17 (1) (f) of the statutes is repealed.

SB55-ASA1, s. 691 Section 691. 25.17 (1) (jv) of the statutes is created to read:

SB55-ASA1,469,23 25.17 (1) (jv) Medical assistance trust fund (s. 25.77);

SB55-ASA1, s. 692 Section 692. 25.17 (1) (kr) of the statutes is created to read:

SB55-ASA1,469,25 25.17 (1) (kr) Permanent endowment fund (s. 25.69);

SB55-ASA1, s. 693 Section 693. 25.17 (1) (te) of the statutes is created to read:

SB55-ASA1,470,2 25.17 (1) (te) Tax relief fund (s. 25.63);

SB55-ASA1, s. 694 Section 694. 25.17 (16) of the statutes is created to read:

SB55-ASA1,470,8 25.17 (16) (a) Annually, after June 1 but not later than June 15, beginning in 2004, calculate the amount of moneys that are available in the permanent endowment fund for transfer to the general fund under s. 13.101 (16). For the purpose of this calculation, moneys that are available in the permanent endowment fund for transfer to the general fund shall equal the sum of the following:

SB55-ASA1,470,12 1. An amount that equals 8.5% of the market value of the investments in the permanent endowment fund on June 1. For the purpose of making the calculation under this subdivision, the board shall not include any amounts or investments specified in subds. 2. and 3.

SB55-ASA1,470,14 2. All proceeds of, and investment earnings on, investments of the permanent endowment fund made under s. 25.18 (1) (p) that are received in the fiscal year.

SB55-ASA1,470,18 3. All other amounts identified by the secretary of administration as payments of residual interests to the state from the sale of the state's right to receive payments under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, that are received in the fiscal year.

SB55-ASA1,470,23 (b) Annually, beginning in 2004, submit to the joint committee on finance and to the chief clerk of each house, for distribution to the appropriate standing committees under s. 13.172 (3), a report specifying the amount of moneys that are available in the permanent endowment fund for transfer to the general fund under s. 13.101 (16).

SB55-ASA1, s. 695 Section 695. 25.18 (1) (o) of the statutes is created to read:

SB55-ASA1,471,4 25.18 (1) (o) Invest any of the assets of the permanent endowment fund in any investment that is an authorized investment for assets in the fixed retirement investment trust under s. 25.17 (4) or assets in the variable retirement investment trust under s. 25.17 (5).

SB55-ASA1, s. 696 Section 696. 25.18 (1) (p) of the statutes is created to read:

SB55-ASA1,471,7 25.18 (1) (p) Hold any of the assets in the permanent endowment fund in any of the following:

SB55-ASA1,471,11 1. Evidences of indebtedness, including subordinated obligations, that are secured by tobacco settlement revenues, as defined in s. 16.63 (1) (c), and that are issued by a corporation or company established under s. 16.63 (3) or 231.215 or by the Wisconsin health and educational facilities authority.

SB55-ASA1,471,13 2. Certificates or other evidences of ownership interest in all or any portion of tobacco settlement revenues, as defined in s. 16.63 (1) (c).

SB55-ASA1, s. 697 Section 697. 25.29 (3) (intro.) of the statutes is renumbered 25.29 (3) and amended to read:

SB55-ASA1,471,20 25.29 (3) Funds accruing to the conservation fund from license fees paid by hunters and from sport and recreation fishing license fees shall not be diverted for any other purpose than those provided by the department, except: the administration of the department when it is exercising its responsibilities that are specific to the management of the fish and wildlife resources of this state.

SB55-ASA1, s. 698 Section 698. 25.29 (3) (a) of the statutes is repealed.

SB55-ASA1, s. 699 Section 699. 25.29 (3) (b) of the statutes is repealed.

SB55-ASA1, s. 700 Section 700. 25.29 (3) (c) of the statutes is repealed.

SB55-ASA1, s. 701 Section 701. 25.29 (4m) of the statutes is amended to read:

SB55-ASA1,472,4 25.29 (4m) Notwithstanding sub. (3), no No moneys that accrue to the state for or in behalf of the department under ch. 29 may be expended or paid for the enforcement of the treaty-based, off-reservation rights to fish held by members of federally recognized American Indian tribes or bands domiciled in Wisconsin.

SB55-ASA1, s. 702 Section 702. 25.29 (6) of the statutes is amended to read:

SB55-ASA1,472,10 25.29 (6) All moneys received from the United States for fire prevention and control, forest planting, and other forestry activities, and for wildlife restoration projects and fish restoration and management projects , and for other purposes, and as provided in s. 29.037, shall be devoted to the purposes for which these moneys are received.

SB55-ASA1, s. 703 Section 703. 25.36 (1) of the statutes is amended to read:

SB55-ASA1,473,4 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 veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (w), (z), and (zm), 45.01 45.014, 45.25, 45.351 (1), 45.353, 45.356, 45.357, 45.396, 45.397, and 45.43 (7) 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. 45.356 (9) (b); all moneys received from the veterans mortgage loan repayment fund under s. 45.79 (7) (a) and (c); and all gifts of money received by the board of veterans affairs for the purposes of this fund.

SB55-ASA1, s. 704 Section 704. 25.40 (1) (a) 4m. of the statutes is created to read:

SB55-ASA1,473,8 25.40 (1) (a) 4m. Moneys received from telecommunications providers or cable telecommunications service providers that are deposited in the general fund and credited to the appropriation account under s. 20.395 (3) (jh).

SB55-ASA1, s. 705 Section 705. 25.40 (1) (a) 21. of the statutes is created to read:

SB55-ASA1,473,13 25.40 (1) (a) 21. Moneys received as payment for losses of and damage to state property for costs associated with repair or replacement of such property that are deposited in the general fund and credited to the appropriation account under s. 20.395 (3) (jj).

SB55-ASA1, s. 1122d Section 1122d. 25.40 (1) (a) 22. of the statutes is created to read:

SB55-ASA1,473,16 25.40 (1) (a) 22. Moneys received under s. 341.14 (6r) (b) 9. that are deposited in the artistic endowment fund.

SB55-ASA1, s. 1123m Section 1123m. 25.40 (1) (cd) of the statutes is created to read:

SB55-ASA1,473,19 25.40 (1) (cd) All moneys transferred to the transportation fund from the appropriation account under s. 20.855 (4) (fm).

SB55-ASA1, s. 706 Section 706. 25.44 of the statutes is repealed.

SB55-ASA1, s. 707 Section 707. 25.46 (1k) of the statutes is created to read:

SB55-ASA1,473,22 25.46 (1k) The moneys transferred under s. 20.505 (8) (hm) 20.

SB55-ASA1, s. 708 Section 708. 25.46 (1m) of the statutes is repealed.

SB55-ASA1, s. 709 Section 709. 25.46 (20) of the statutes is created to read:

SB55-ASA1,474,2 25.46 (20) All moneys received in settlement of actions initiated under 42 USC 9601 to 9675 for environmental management.

SB55-ASA1, s. 1127c Section 1127c. 25.46 (21) of the statutes is created to read:

SB55-ASA1,474,8 25.46 (21) All moneys, other than fines and forfeitures, that are received under settlement agreements or orders in settlement of actions or proposed actions for violations of chs. 280 to 299 and that are designated to be used to restore or develop environmental resources, to provide restitution, or to make expenditures required under an agreement or order.

SB55-ASA1, s. 710 Section 710. 25.47 (7) of the statutes is created to read:

SB55-ASA1,474,10 25.47 (7) The fees imposed under s. 101.09 (3) (d).

SB55-ASA1, s. 711 Section 711. 25.60 of the statutes is repealed and recreated to read:

SB55-ASA1,474,14 25.60 Budget stabilization fund. There is created a separate nonlapsible trust fund designated as the budget stabilization fund, consisting of moneys transferred to the fund from the general fund under s. 16.518 (3).

SB55-ASA1, s. 712 Section 712. 25.63 of the statutes is created to read:

SB55-ASA1,474,18 25.63 Tax relief fund. There is created a separate nonlapsible trust fund designated as the tax relief fund, consisting of moneys transferred to the fund from the general fund under s. 16.518 (4).

SB55-ASA1, s. 713 Section 713. 25.66 (1) of the statutes is renumbered 25.66 (1) (intro.) and amended to read:

SB55-ASA1,474,22 25.66 (1) (intro.) There is created a separate nonlapsible trust fund, known as the tobacco control fund, to consist of, in fiscal year 1999-2000, the following:

SB55-ASA1,474,25 (a) The first $23,500,000 of the moneys received in fiscal year 1999-2000 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.

SB55-ASA1, s. 714 Section 714. 25.66 (1) (b) of the statutes is created to read:

SB55-ASA1,475,4 25.66 (1) (b) Except as provided in sub. (1m) (a), the first $6,032,300 of the moneys received in fiscal year 2001-02 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.

SB55-ASA1, s. 715 Section 715. 25.66 (1) (c) of the statutes is created to read:

SB55-ASA1,475,8 25.66 (1) (c) Except as provided in sub. (1m) (b), beginning in fiscal year 2002-03, the first $15,345,100 of the moneys received in each fiscal year under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.

SB55-ASA1, s. 716 Section 716. 25.66 (1m) of the statutes is created to read:

SB55-ASA1,475,15 25.66 (1m) (a) If the state has not received in fiscal year 2001-02 at least $6,032,300 under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, because the secretary of administration, under s. 16.63, has sold the state's right to receive payments under the Agreement, the tobacco control fund shall also consist of any moneys transferred to the tobacco control fund from the general fund under s. 16.519 (3).

SB55-ASA1,475,22 (b) Beginning in fiscal year 2002-03, if the state has not received at least $15,345,100 in that fiscal year or in any fiscal year thereafter under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, because the secretary of administration, under s. 16.63, has sold the state's right to receive payments under the Agreement, the tobacco control fund shall also consist of any moneys transferred to the tobacco control fund from the general fund under s. 16.519 (4).

SB55-ASA1, s. 717 Section 717. 25.67 (2) (b) of the statutes is amended to read:

SB55-ASA1,475,25 25.67 (2) (b) All moneys in the fund that are not appropriated under s. 20.433 (1) (r) or expended under s. 20.433 (1) (q) shall continue to accumulate indefinitely.

SB55-ASA1, s. 718 Section 718. 25.68 (4) of the statutes is created to read:

SB55-ASA1,476,6 25.68 (4) All moneys received under s. 49.855 (4) from the department of revenue or the department of administration that were withheld by the department of revenue or the internal revenue service for delinquent child support, family support, or maintenance or outstanding court-ordered amounts for past support, medical expenses, or birth expenses.

SB55-ASA1, s. 719 Section 719. 25.69 of the statutes is created to read:

SB55-ASA1,476,14 25.69 Permanent endowment fund. There is established a separate nonlapsible trust fund designated as the permanent endowment fund, consisting of all of the proceeds from the sale of the state's right to receive payments under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, and all investment earnings on the proceeds. Moneys in the permanent endowment fund shall be used only to make the transfers under s. 20.855 (4) (rc), (rh), (rp), and (rv).

SB55-ASA1, s. 720 Section 720. 25.69 of the statutes, as created by 2001 Wisconsin Act .... (this act), is amended to read:

SB55-ASA1,476,23 25.69 Permanent endowment fund. There is established a separate nonlapsible trust fund designated as the permanent endowment fund, consisting of all of the proceeds from the sale of the state's right to receive payments under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998, and all investment earnings on the proceeds. Moneys in the permanent endowment fund shall be used only to make the transfers under s. 20.855 (4) (rc), (rh), (rp), and (rv).