AB40-ASA1,411,2423
25.17
(1) (nm)
Recycling and renewable energy Economic development fund (s.
2425.49);
AB40-ASA1,412,102
25.17
(2) (f) Invest the moneys belonging to the college savings program trust
3fund, the college savings program bank deposit trust fund, and the college savings
4program credit union deposit trust fund in a manner consistent with the guidelines
5established under s.
14.64 16.641 (2) (c), unless the moneys are under the
6management and control of a vendor selected under s. 16.255. In making
7investments under this paragraph, the investment board shall accept any
8reasonable terms and conditions that the college savings program board specifies
9and is relieved of any obligations relevant to prudent investment of the fund,
10including the standard of responsibility under s. 25.15 (2).
AB40-ASA1, s. 868e
11Section 868e. 25.17 (13m) of the statutes is renumbered 25.17 (13m) (intro.)
12and amended to read:
AB40-ASA1,412,1613
25.17
(13m) (intro.) No later than 45 days after the end of each calendar
14quarter, submit a report to the department of administration, the cochairpersons of
15the joint legislative audit committee, and the cochairpersons of the joint committee
16on finance
detailing all that identifies all of the following:
AB40-ASA1,412,20
17(a) All costs and expenses charged to funds during that calendar quarter
. The
18report shall include, including a breakdown of the amount and percentage of assets
19managed under each type of dedicated and commingled account or partnership, and
20the change in the amount and percentage from the prior calendar quarter.
AB40-ASA1,412,2222
25.17
(13m) (b) All operating expenditures during that calendar quarter.
AB40-ASA1,412,2524
25.17
(13m) (c) The number of full-time equivalent positions created or
25abolished by the board under s. 16.505 (2g) during that calendar quarter.
AB40-ASA1,413,82
25.17
(13r) Appear before the joint committee on finance, by the board's
3executive director or by board personnel designated by the executive director, at the
4committee's first quarterly meeting under s. 13.10 in each fiscal year to provide an
5update, for the current fiscal year and the succeeding fiscal year, of the board's
6completed or projected operating budget changes, position authorization changes,
7assessment of the funds under management, and performance of the funds under
8management.
AB40-ASA1, s. 869
9Section
869. 25.17 (70) (intro.) of the statutes is amended to read:
AB40-ASA1,413,1810
25.17
(70) (intro.) No later than December 31 of every even-numbered year
,
11after receiving a report from the department of commerce under s. 560.08 (2) (m) and
12in consultation with the department of commerce, submit to the governor and to the
13presiding officer of each house of the legislature a plan for making investments in
14this state. The purpose of the plan is to encourage the board to make the maximum
15amount of investments in this state, subject to s. 25.15 and consistent with the
16statutory purpose of each trust or fund managed by the board. The plan shall discuss
17potential investments to be made during the succeeding 5 years beginning in the
18year after submittal of the plan, and shall include, but not be limited to, the following:
AB40-ASA1,413,2321
25.17
(70) (d) Comments solicited from the
secretary of commerce chief
22executive officer of the Wisconsin Economic Development Corporation and received
23by the board on or before November 30 of the year of submittal.
AB40-ASA1,414,5
125.184 Confidentiality of venture capital investment information. 2Information relating to investments made or considered by the board in securities
3of entities that are in the venture capital stage are not subject to public inspection,
4copying, or disclosure under s. 19.35 unless the information has been publicly
5released by another person.
AB40-ASA1,414,97
25.185
(1) (a) "Disabled veteran-owned financial adviser" means a financial
8adviser certified by the department of
commerce administration under s.
560.0335 916.283 (3).
AB40-ASA1,414,1311
25.185
(1) (b) "Disabled veteran-owned investment firm" means an
12investment firm certified by the department of
commerce administration under s.
13560.0335 16.283 (3).
AB40-ASA1,414,1615
25.185
(1) (c) "Minority financial adviser" means a financial adviser certified
16by the department of
commerce administration under s.
560.036 16.287 (2).
AB40-ASA1,414,1918
25.185
(1) (d) "Minority investment firm" means an investment firm certified
19by the department of
commerce administration under s.
560.036 16.287 (2).
AB40-ASA1,415,221
25.187
(2) (a)
Subject to par. (c), on
On September 1 of each year, the investment
22board shall assess each fund for which the board has management responsibility for
23its share of the board's operating expenditures for the current fiscal year in an
24equitable manner. The board shall pay the assessment from the current income of
1each fund, unless an appropriation is made for payment of the assessment, in which
2case the assessment shall be paid from that appropriation account.
AB40-ASA1,415,54
25.187
(2) (b) The investment board may establish the operating budget for
5operating expenditures and monitor the fiscal management of this operating budget.
AB40-ASA1,416,28
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-ASA1,416,104
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),
(2e), and (2m), 341.17 (8), 341.19 (1) (a), 341.25, 341.255 (1), (2) (a),
7(b), and (c), and (5), 341.26 (1), (2), (2m) (am) and (b), (3), (3m), (4), (5), and (7), 341.264
8(1), 341.265 (1), 341.266 (2) (b) and (3), 341.268 (2) (b) and (3), 341.269 (2) (b), 341.30
9(3), 341.305 (3), 341.307 (4) (a), 341.308 (3), 341.36 (1) and (1m), 341.51 (2), and
10342.14
, except s. 342.14 (1r), that are pledged to any fund created under s. 84.59 (2).
AB40-ASA1,416,1412
25.40
(1) (a) 4. Moneys
received
paid to the Board of Regents of the University
13of Wisconsin System under s. 341.14 (6r) (b) 4.
that are deposited in the general fund
14and credited to the appropriation under s. 20.285 (1) (jp).
AB40-ASA1,416,23
1925.425 Election administration fund. There is established a separate
20nonlapsible trust fund, designated the election administration fund, consisting of all
21moneys received from the federal government under P.L.
107-252, all moneys
22received from requesters from sales of copies of the official registration list, and all
23moneys transferred to the fund from other funds.
AB40-ASA1,417,1
125.46
(6s) The fees imposed under s. 289.645.
AB40-ASA1,417,7
425.466 Working lands fund. There is created a separate trust fund
5designated as the working lands fund, consisting of all moneys received under
ss.
691.48 (2) (c) and s. 91.66 (1) (c) and all moneys received due to the sale, modification,
7or termination of an easement purchased under s. 93.73.
AB40-ASA1,417,109
25.47
(5) The moneys transferred from the appropriation account under s.
1020.143 (3) 20.165 (2) (s).
AB40-ASA1,417,14
1225.49 Recycling and renewable energy Economic development fund. 13(intro.) There is established a separate nonlapsible trust fund designated as the
14recycling and renewable energy economic development fund, to consist of:
AB40-ASA1, s. 892
15Section
892. 25.49 (1m) of the statutes is renumbered 25.46 (5k).
AB40-ASA1,417,2119
25.50
(3) (a) With the consent of the governing body, a local official may transfer
20local funds to the
state treasurer department of administration for deposit in the
21fund.
AB40-ASA1,418,423
25.50
(3) (b) On the dates specified and to the extent to which they are
24available, subject to s. 16.53 (10), funds payable to local governments under ss.
79.03 2579.035, 79.04, 79.05,
79.058, 79.06, 79.08
, and 79.10 shall be considered local funds
1and, pursuant to the instructions of local officials, may be paid into the separate
2accounts of all local governments established in the local government
3pooled-investment fund and, pursuant to the instructions of local officials, to the
4extent to which they are available, be disbursed or invested.
AB40-ASA1,418,96
25.50
(4) Period of investments; withdrawal of funds. Subject to the right of
7the local government to specify the period in which its funds may be held in the fund,
8the
state treasurer department of administration shall prescribe the mechanisms
9and procedures for deposits and withdrawals.
AB40-ASA1,418,1911
25.50
(5m) (a) The board, in cooperation with the department of
12administration, shall provide
information necessary for the state treasurer to
13provide a monthly report to each local government having an investment in the fund.
14The board shall use all reasonable efforts to provide
the information to the state
15treasurer in time to allow the treasurer to mail or electronically transmit the report
16to the local government no later than 6 business days after the end of the month
17covered by the report. The report shall include information on the fund's earnings
18for the month, with comparison to appropriate indexes or benchmarks in the private
19sector.
AB40-ASA1,419,221
25.50
(7) Reimbursement of expenses. The
state treasurer department of
22administration shall deduct monthly from the earnings of the fund during the
23preceding calendar month an amount sufficient to cover all actual and necessary
24expenses incurred by the state in administering the fund in the preceding calendar
25month, except that in no fiscal year may the
state treasurer department of
1administration deduct an amount exceeding the amount appropriated under s.
220.585 20.505 (1)
(g) (gc) for that fiscal year.
AB40-ASA1,419,64
25.50
(8) (b) The
state treasurer
department of administration shall report
5monthly to each local official the deposits and withdrawals of the preceding month
6and any other activity within the account.
AB40-ASA1,419,98
25.50
(9) Rules. The
state treasurer department of administration may
9promulgate rules to carry out the purposes of this section.
AB40-ASA1,419,1311
25.50
(10) Insurance of principal. The
state treasurer department of
12administration may obtain insurance for the safety of the principal investments of
13the fund. The insurance is a reimbursable expense under sub. (7).
AB40-ASA1,419,1615
25.77
(8) All moneys transferred from the appropriation under s. 20.285 (1)
(iz) 16(xq).
AB40-ASA1,419,20
1825.80 Tuition trust fund. There is established a separate nonlapsible trust
19fund designated as the tuition trust fund, consisting of all revenue from enrollment
20fees and the sale of tuition units under s.
14.63
16.64.
AB40-ASA1,420,3
2225.85 College savings program trust fund. There is established a separate
23nonlapsible trust fund designated as the college savings program trust fund,
24consisting of all revenue from enrollment fees for and contributions to college savings
25accounts under s.
14.64 16.641 and from distributions and fees paid by the vendor
1under s. 16.255 (3) other than revenue from those sources that is deposited in the
2college savings program bank deposit trust fund or the college savings program
3credit union deposit trust fund.
AB40-ASA1,420,14
525.853 College savings program bank deposit trust fund. There is
6established a separate nonlapsible trust fund designated as the college savings
7program bank deposit trust fund, consisting of all revenue from enrollment fees for
8and contributions to college savings accounts under s.
14.64 16.641 in which the
9investment instrument is an account held by a state or national bank, a state or
10federal savings bank, a state or federal savings and loan association, or a savings and
11trust company that has its main office or home office or a branch office in this state
12and that is insured by the Federal Deposit Insurance Corporation, and all revenue
13from distributions and fees paid by the vendors of those investment instruments
14under s. 16.255 (3).
AB40-ASA1,420,24
1625.855 College savings program credit union deposit trust fund. There
17is established a separate nonlapsible trust fund designated as the college savings
18program credit union deposit trust fund, consisting of all revenue from enrollment
19fees for and contributions to college savings accounts under s.
14.64 16.641 in which
20the investment instrument is an account held by a state or federal credit union,
21including a corporate central credit union organized under s. 186.32, that has its
22main office or home office or a branch office located in this state and that is insured
23by the National Credit Union Administration, and all revenue from distributions
24and fees paid by the vendors of those investment instruments under s. 16.255 (3).
AB40-ASA1,421,1
125.86 University of Wisconsin System fund. (1) In this section:
AB40-ASA1,421,22
(a) "College campus" has the meaning given in s. 36.05 (6m).
AB40-ASA1,421,33
(b) "Extension" has the meaning given in s. 36.05 (7).
