LRB-0726/1
RAC:cjs:jm
2013 - 2014 LEGISLATURE
DOA:......Frederick, BB0288 - Payment of Fees for Banking Services for State Funds
For 2013-2015 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
State government
State finance
This bill creates a sum sufficient appropriation from the general fund to pay fees to financial institutions relating to the investment of moneys in the general fund in the state investment fund, other than moneys in program revenue appropriation accounts to the Board of Regents of the UW System, that are not otherwise paid from earnings from the investment of the moneys.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 20.855 (1) (f) of the statutes is created to read:
20.855 (1) (f) Payment of fees to financial institutions. A sum sufficient to pay fees to financial institutions relating to the investment of moneys in the general fund in the state investment fund, other than moneys in program revenue appropriation accounts under s. 20.285, that are not otherwise paid from earnings from the investment of the moneys.
****Note: This Section involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
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