SB44,448,23
1624.20 Payments and accounts. All money paid on account of sales of public
17lands shall be paid to the
state treasurer secretary of administration who shall credit
18the proper fund therewith, crediting the general fund with the proceeds of sales of
19Marathon County lands, and the secretary of administration or the secretary's
20designee, upon countersigning the receipt given therefor, shall
charge the treasurer
21therewith, and shall also enter the name of the person paying the same, the number
22of the certificate, if any, upon which the amount shall be paid
, and the time of the
23payment.
SB44, s. 810
24Section
810. 24.25 of the statutes is amended to read:
SB44,449,16
124.25 Patent and record thereof. Whenever full payment shall have been
2made for any such lands as required by law, and the purchaser or the purchaser's
3legal representatives shall produce to the board the duplicate certificate of sale, with
4the receipt of the
state treasurer secretary of administration endorsed thereon,
5showing that the whole amount of the principal and interest due thereon has been
6paid and that the holder of such certificate is entitled to a patent for the lands
7described therein, the original and duplicate certificates shall be canceled, and the
8board shall thereupon execute and deliver a patent to the person entitled thereto for
9the land described in such certificate. All patents issued by the board shall be
10recorded in its office; and the record of patents heretofore issued by it is hereby
11declared a legal record. Purchasers may, at any time before due, pay any part or the
12whole of such purchase money and the interest thereon. In all cases where patents
13have been or may hereafter be issued to a person who may have died or who shall die
14before the date thereof, the title to the land described therein shall inure to and
15become vested in the heirs, devisees
, or assignees of such person to the same extent
16as if the patent had issued to that person during that person's lifetime.
SB44, s. 811
17Section
811. 24.29 of the statutes is amended to read:
SB44,449,24
1824.29 Redemption. At any time before the 5 days next preceding the
19reoffering of such land at public sale, the former purchaser or the former purchaser's
20assigns or legal representatives may, by the payment of the sum due with interest,
21and all taxes returned thereon to the
state treasurer
secretary of administration 22which are still unpaid, and all costs occasioned by the delay, together with 3%
23damages on the whole sum owing for such land, prevent such resale and revive the
24original contract.
SB44, s. 812
25Section
812. 24.32 (2) of the statutes is amended to read:
SB44,450,13
124.32
(2) Every such tract may be redeemed by the former purchaser thereof,
2the former purchaser's assigns or legal representatives at any time before the June
330th next following the date of such resale, upon presenting to the board satisfactory
4proof, which shall be filed and preserved by it, that such tract was, at the time of
5resale, in whole or in part under cultivation or adjoining a tract partly cultivated,
6belonging to the former purchaser, the former purchaser's assigns or legal
7representatives and used in connection therewith, and upon depositing with the
8state treasurer secretary of administration, for the use of the purchaser at such
9resale the amount paid by the purchaser for such land, together with 25% of the
10amount of such taxes, interest
, and costs in addition thereto; and every certificate
11issued upon any such resale shall be subject to the right of redemption whether it be
12expressed in such certificate or not. And no patent shall be issued on any such resale
13until the expiration of such redemption period.
SB44, s. 813
14Section
813. 24.33 (1) (c) of the statutes is amended to read:
SB44,450,1815
24.33
(1) (c) Payment is made to the
treasurer secretary of administration in
16the amount actually due on the first certificate at the time of the resale, with interest,
17costs, and charges, and with interest on the amount for which the land was sold at
18the rate of 10% per year.
SB44, s. 814
19Section
814. 24.61 (2) (a) (title) of the statutes is amended to read:
SB44,450,2020
24.61
(2) (a) (title)
Authorized investments by board.
SB44, s. 815
21Section
815
. 24.61 (2) (a) 10. of the statutes is created to read:
SB44,450,2322
24.61
(2) (a) 10. Land in this state, but subject to the condition established
23under par. (c).
SB44, s. 816
24Section
816. 24.61 (2) (b) of the statutes is amended to read:
SB44,451,2
124.61
(2) (b)
Deposited with state treasurer. All bonds, notes and other
2securities
so purchased
under par. (a) shall be deposited with the state treasurer.
SB44, s. 817
3Section
817
. 24.61 (2) (b) of the statutes, as affected by 2003 Wisconsin Act ....
4(this act), is amended to read:
SB44,451,75
24.61
(2) (b)
Deposited with state treasurer secretary of administration. All
6bonds, notes, and other securities purchased under par. (a) shall be deposited with
7the
state treasurer secretary of administration.
SB44, s. 818
8Section
818. 24.61 (2) (c) of the statutes is created to read:
SB44,451,139
24.61
(2) (c)
Delegation of investment authority to investment board. The board
10may delegate to the investment board the authority to invest part or all of the moneys
11belonging to the trust funds. If the board delegates the authority, the investment
12board may invest the moneys belonging to the trust funds in any manner authorized
13for the investment of any funds specified in s. 25.17 (1).
SB44, s. 819
14Section
819. 24.61 (2) (d) of the statutes is created to read:
SB44,451,1915
24.61
(2) (d)
Investments in land in this state. The board may not invest moneys
16in the purchase of any land under par. (a) 10. unless the governor requests that the
17board purchase the land and that the board determines that the purchase of the land
18will reduce the per acre costs incurred by the board in managing the public lands and
19all other lands managed by the board.
SB44, s. 820
20Section
820. 24.62 (1) of the statutes is amended to read:
SB44,452,221
24.62
(1) Except as authorized in sub. (2), the board shall deduct its expenses
22incurred in administering investments and loans under s. 24.61 from the gross
23receipts of the fund to which the interest and income of the investment or loan will
24be added.
If the board delegates to the investment board the authority to invest part
25or all of the moneys belonging to the trust funds, the investment board shall deduct
1its expenses incurred in administering investments under s. 24.61 as provided under
2s. 25.187.
SB44, s. 821
3Section
821. 24.67 (3) of the statutes is amended to read:
SB44,452,144
24.67
(3) If a municipality has acted under subs. (1) and (2), it shall certify that
5fact to the department of administration. Upon receiving a certification from a
6municipality, or upon direction of the board if a loan is made to a cooperative
7educational service agency or a federated public library system, the secretary of
8administration shall draw a warrant
upon the state treasurer for the amount of the
9loan, payable to the treasurer of the municipality, cooperative educational service
10agency, or federated public library system making the loan or as the treasurer of the
11municipality, cooperative educational service agency, or federated public library
12system directs. The certificate of indebtedness shall then be conclusive evidence of
13the validity of the indebtedness and that all the requirements of law concerning the
14application for the making and acceptance of the loan have been complied with.
SB44, s. 822
15Section
822. 24.69 (1) of the statutes is amended to read:
SB44,452,2216
24.69
(1) The board may sell state trust fund loans or participations therein,
17and may contract to do so at a future date, for such price, upon such other terms and
18in such manner as the board may determine. The sale may be to any person,
19including, without limitation, a trust or other investment vehicle created for the
20purpose of attracting private investment capital. The board shall remit the proceeds
21of the sale to the
state treasurer secretary of administration for deposit in the
22appropriate trust fund and shall invest the proceeds in accordance with s. 24.61.
SB44, s. 823
23Section
823. 24.70 (2) of the statutes is amended to read:
SB44,453,624
24.70
(2) Certified statement. If a borrower other than a school district has
25a state trust fund loan, the board shall transmit to the clerk of the jurisdiction, or the
1person signing the application on behalf of the borrower in the case of a cooperative
2educational service agency, a certified statement of the amount due on or before
3October 1 of each year until the loan is repaid. The board shall submit a copy of each
4certified statement to the
state treasurer secretary of administration. A cooperative
5educational service agency shall transmit a copy of the statement to the clerk of each
6school district on behalf of which the agency has obtained a loan.
SB44, s. 824
7Section
824. 24.70 (4) of the statutes is amended to read:
SB44,453,168
24.70
(4) Payment to state treasurer secretary of administration. The
9treasurer of each municipality shall transmit to the
state treasurer secretary of
10administration on his or her order the full amount levied for state trust fund loans
11within 15 days after March 15. Each cooperative educational service agency shall
12similarly transmit the annual amount owed on any state trust fund loan made to the
13agency by that date. The
state treasurer secretary of administration shall notify the
14board when he or she receives payment. Any payment not made by March 30 is
15delinquent and is subject to a penalty of one percent per month to be paid to the
state
16treasurer secretary of administration with the delinquent payment.
SB44, s. 825
17Section
825. 24.70 (6) of the statutes is amended to read:
SB44,453,2418
24.70
(6) Failure to make payments. If any municipality fails to remit the
19amount due by the date specified under sub. (4), the board may file a certified
20statement of the
amount delinquent
amount with the department of administration.
21The
department secretary of administration shall collect the amount due, including
22any penalty, by deducting that amount from any state payments due the
23municipality
, shall remit that amount to the state treasurer and shall notify the
24treasurer and the board of that action.
SB44, s. 826
25Section
826. 24.71 (2) of the statutes is amended to read:
SB44,454,5
124.71
(2) Certified statement. If a school district has a state trust fund loan,
2the board shall transmit to the school district clerk a certified statement of the
3amount due on or before October 1 of each year until the loan is paid. The board shall
4furnish a copy of each certified statement to the
state treasurer secretary of
5administration and the department of public instruction.
SB44, s. 827
6Section
827. 24.71 (4) of the statutes is amended to read:
SB44,454,147
24.71
(4) Payment to state treasurer secretary of administration. The school
8district treasurer shall transmit to the
state treasurer on his or her own order 9secretary of administration the full amount levied for state trust fund loans within
1015 days after March 15. The
state treasurer secretary of administration shall notify
11the board when he or she receives payment. Any payment not made by March 30 is
12delinquent and is subject to a penalty of one percent per month or fraction thereof,
13to be paid to the
state treasurer secretary of administration with the delinquent
14payment.
SB44, s. 828
15Section
828. 24.71 (5) of the statutes is amended to read:
SB44,454,2116
24.71
(5) Failure to make payment. If the school district treasurer fails to remit
17the amounts due under sub. (4), the state superintendent, upon certification of
18delinquency by the board, shall deduct the amount due including any penalty from
19any school aid payments due the school district, shall remit such amount to the
state
20treasurer secretary of administration and, no later than June 15, shall notify the
21school district treasurer and the board to that effect.
SB44, s. 829
22Section
829. 25.14 (1) (a) 9m. of the statutes is created to read:
SB44,454,2323
25.14
(1) (a) 9m. The health care provider availability and cost control fund.
SB44, s. 830
24Section
830. 25.14 (3) of the statutes is amended to read:
SB44,455,11
125.14
(3) The department of administration, upon consultation with the board,
2shall distribute all earnings, profits
, or losses of the state investment fund to each
3participating fund in the same ratio as each participating fund's average daily
4balance within the state investment fund bears to the total average daily balance of
5all participating funds, except as provided in s.
14.58 (19) 16.401 (14) and except that
6the department of administration shall credit to the appropriation account under s.
720.585 (1) (jt) 20.505 (1) (kj) an amount equal to the amount assessed under s. 25.19
8(3) from the earnings or profits of the funds against which an assessment is made.
9Distributions under this section shall be made at such times as the department of
10administration may determine, but must be made at least semiannually in each
11complete fiscal year of operation.
SB44, s. 831
12Section
831. 25.16 (8) of the statutes is created to read:
SB44,455,2013
25.16
(8) The executive director shall assign an employe of the investment
14board to assist the board of commissioners of public lands in establishing and
15maintaining investment objects with respect to the investment of the assets of the
16agricultural college fund, the common school fund, the normal school fund, and the
17university fund. An amount equal to the cost of any services rendered to the board
18of commissioners of public lands under this subsection shall be deducted from the
19gross receipts of the fund to which the moneys invested belong and shall be credited
20to the appropriation account under s. 20.536 (1) (k).
SB44, s. 832
21Section
832. 25.17 (1) (afp) of the statutes is created to read:
SB44,455,2322
25.17
(1) (afp) Agricultural college fund (s. 24.82), but subject to the terms of
23delegation under s. 24.61 (2) (c);
SB44, s. 833
24Section
833. 25.17 (1) (ayp) of the statutes is created to read:
SB44,456,2
125.17
(1) (ayp) Common school fund (s. 24.76), but subject to the terms of
2delegation under s. 24.61 (2) (c);
SB44, s. 834
3Section
834. 25.17 (1) (e) of the statutes is created to read:
SB44,456,44
25.17
(1) (e) Election administration fund (s. 25.425);
SB44, s. 835
5Section
835. 25.17 (1) (es) of the statutes is created to read:
SB44,456,66
25.17
(1) (es) Excise tax fund (s. 25.59);
SB44, s. 836
7Section
836. 25.17 (1) (kd) of the statutes is created to read:
SB44,456,98
25.17
(1) (kd) Normal school fund (s. 24.80), but subject to the terms of
9delegation under s. 24.61 (2) (c);
SB44, s. 837
10Section
837. 25.17 (1) (ky) of the statutes is created to read:
SB44,456,1111
25.17
(1) (ky) Health care provider availability and cost control fund (s. 655.75);
SB44, s. 838
12Section
838. 25.17 (1) (th) of the statutes is created to read:
SB44,456,1413
25.17
(1) (th) Tobacco settlement bond purchase program repayment fund (s.
1425.575);
SB44, s. 839
15Section
839. 25.17 (1) (xLc) of the statutes is created to read:
SB44,456,1716
25.17
(1) (xLc) University fund (s. 24.81), but subject to the terms of delegation
17under s. 24.61 (2) (c);
SB44, s. 840
18Section
840. 25.17 (1) (zm) of the statutes is amended to read:
SB44,456,2419
25.17
(1) (zm) All other funds of the state or of any state department or
20institution, except
funds which under article X of the constitution are controlled and
21invested by the board of commissioners of public lands, funds which are required by
22specific provision of law to be controlled and invested by any other authority, and
23moneys in the University of Wisconsin trust funds, and in the trust funds of the state
24universities.
SB44, s. 841
25Section
841. 25.17 (3) (a) of the statutes is amended to read:
SB44,457,7
125.17
(3) (a) Invest the fixed retirement investment trust, state life fund,
2veterans trust fund
and, patients compensation fund
, and health care provider
3availability and cost control fund in loans, securities and any other investments
4authorized by s. 620.22, and in bonds or other evidences of indebtedness or preferred
5stock of companies engaged in the finance business whether as direct lenders or as
6holding companies owning subsidiaries engaged in the finance business.
7Investments permitted by sub. (4) are permitted investments under this subsection.
SB44, s. 842
8Section
842. 25.17 (3) (dr) of the statutes is amended to read:
SB44,457,139
25.17
(3) (dr) Invest the funds of the bond security and redemption fund only
10in
direct obligations of securities issued by the United States
or one of its agencies,
11and securities fully guaranteed by the United States, maturing in amounts and at
12times sufficient to pay the principal and interest payable from such fund during the
13calendar year.
SB44, s. 843
14Section
843. 25.17 (61) of the statutes is amended to read:
SB44,457,1915
25.17
(61) Designate special depositories in which the
secretary of
16administration or the state treasurer may make special deposits of funds, not
17exceeding the amount limited by the board, which shall be deposited subject to the
18depository's rules and regulations relative to either savings accounts, time
19certificates of deposit
, or open time accounts, as the case may be.
SB44, s. 844
20Section
844. 25.19 (3) of the statutes is amended to read:
SB44,457,2321
25.19
(3) The
state treasurer secretary of administration shall, at the direction
22of the depository selection board under s. 34.045 (1) (b), allocate bank service costs
23to the funds incurring those costs.
SB44, s. 845
24Section
845. 25.19 (4) of the statutes is amended to read:
SB44,458,2
125.19
(4) The
state treasurer
secretary of administration shall provide advice
2to state agencies concerning efficient cash management practices.
SB44, s. 846
3Section
846. 25.31 (1) of the statutes is amended to read:
SB44,458,64
25.31
(1) First: The principal of said trust fund shall be held by the
state
5treasurer secretary of administration, and be invested and reinvested as provided
6in this chapter.
SB44, s. 847
7Section
847. 25.40 (1) (a) 3. of the statutes is amended to read:
SB44,458,138
25.40
(1) (a) 3. Revenues collected under
s. 341.25 ss. 341.09 (2) (d), (2m) (a)
91., (4), and (7), 341.14 (2), (2m), (6) (d), (6m) (a), (6r) (b) 2., (6w), and (8), 341.145 (3),
10341.16 (1) (a) and (b), (2), and (2m), 341.25, 341.255 (1), (2) (a), (b), and (c), and (5),
11341.26 (1), (2), (2m) (am), (3), (3m), (4), (5), and (7), 341.264 (1), 341.265 (1), 341.266
12(2) (b) and (3), 341.268 (2) (b) and (3), 341.30 (3), 341.305 (3), 341.308 (3), and 342.14,
13except s. 342.14 (1r), that are pledged to
the
any fund created under s. 84.59 (2).
SB44, s. 848
14Section
848. 25.40 (1) (a) 6. of the statutes is amended to read:
SB44,458,1715
25.40
(1) (a) 6. Amounts payable to the
state treasurer secretary of
16administration under s. 85.14 (1) (b) in conjunction with the collection of fees paid
17by credit card.
SB44, s. 849
18Section
849. 25.40 (1) (a) 12m. of the statutes is created to read:
SB44,458,2019
25.40
(1) (a) 12m. Moneys collected under s. 195.60 that are deposited in the
20general fund, 90% of which are credited to the appropriation under s. 20.395 (2) (gg).
SB44, s. 850
21Section
850. 25.40 (1) (f) 1. of the statutes is repealed.
SB44, s. 851
22Section
851. 25.40 (1) (f) 2. of the statutes is amended to read:
SB44,458,2423
25.40
(1) (f) 2. Moneys received under s. 106.26 that are deposited in the
24general fund
and credited to the appropriation under s. 20.445 (1) (ox).
SB44, s. 852
25Section
852. 25.40 (2) (b) 19r. of the statutes is created to read:
SB44,459,1
125.40
(2) (b) 19r. Section 20.255 (2) (r).
SB44, s. 853
2Section
853. 25.40 (2) (b) 22m. of the statutes is created to read: