AB40, s. 855 4Section 855. 23.096 (2) (a) of the statutes is amended to read:
AB40,464,95 23.096 (2) (a) The Subject to the limitations under s. 23.0917 (8m), the
6department may award grants from the appropriation under s. 20.866 (2) (ta) or (tz)
7to nonprofit conservation organizations to acquire property land for all of the
8purposes described in ss. 23.09 (2) (d) 1. to 7., 9., 11., 12. and 15., (19), (20) and (20m),
923.092, 23.094, 23.17, 23.175, 23.27, 23.29, 23.293, 30.24 and 30.277.
AB40, s. 856 10Section 856. 23.15 (1) of the statutes is amended to read:
AB40,464,1611 23.15 (1) The natural resources board may sell, at public or private sale, lands
12and structures owned by the state under the jurisdiction of the department of natural
13resources, except central or district office facilities, when the natural resources board
14determines that said the lands are no longer necessary for the state's use for
15conservation purposes and, if real property, the real property is not the subject of a
16petition under s. 560.9810 (2)
.
AB40, s. 857 17Section 857. 23.167 (2) (intro.) of the statutes is amended to read:
AB40,464,2018 23.167 (2) (intro.) The department, in consultation with the department of
19commerce
Wisconsin Economic Development Corporation, shall do all of the
20following for each economic development program administered by the department:
AB40, s. 858 21Section 858. 23.169 (title) of the statutes is amended to read:
AB40,464,23 2223.169 (title) Economic development assistance coordination and
23reporting.
AB40, s. 859 24Section 859. 23.169 of the statutes is renumbered 23.169 (2) and amended to
25read:
AB40,465,8
123.169 (2) Annually, no later than October 1, the department shall submit to
2the joint legislative audit committee and to the appropriate standing committees of
3the legislature under s. 13.172 (3) a comprehensive report assessing economic
4development programs, as defined in s. 23.167 (1), administered by the department.
5The report shall include all of the information required under s. 560.01 (2) (am)
6238.07 (2). The department shall collaborate with the department of commerce
7Wisconsin Economic Development Corporation to make readily accessible to the
8public on an Internet-based system the information required under this section.
AB40, s. 860 9Section 860. 23.169 (1) of the statutes is created to read:
AB40,465,1110 23.169 (1) The department shall coordinate any economic development
11assistance with the Wisconsin Economic Development Corporation.
AB40, s. 861 12Section 861. 23.17 (4) of the statutes is amended to read:
AB40,465,1613 23.17 (4) Powers of the department. The department may acquire land and
14interests in land, subject to the limitations under s. 23.0917 (8m),
for the ice age trail
15under s. 23.09 (2) (d) 10., and may develop the ice age trail on lands under its
16ownership along the trail route.
AB40, s. 862 17Section 862. 23.175 (4) of the statutes is amended to read:
AB40,465,2218 23.175 (4) Limit on spending. Except as provided in s. 23.0915 (2), the
19department may not expend from the appropriation under s. 20.866 (2) (tz) more
20than $1,000,000 under this section for trails and for grants for this purpose under
21s. 23.096 in each fiscal year. Acquisitions of land or easements for trails under this
22section are subject to the limitations under s. 23.0917 (8m).
AB40, s. 863 23Section 863. 23.27 (5) of the statutes is amended to read:
AB40,466,1524 23.27 (5) Natural areas land acquisition; commitment under the Wisconsin
25natural areas heritage program.
It is the intent of the legislature to initiate

1additional natural areas land acquisition activities with moneys available from the
2appropriations under ss. 20.370 (1) (mg) (gr) and 20.866 (2) (ta), (tt) and (tz) under
3the Wisconsin natural areas heritage program. This commitment is separate from
4and in addition to the continuing commitment under sub. (4). Moneys available from
5the appropriations under ss. 20.370 (1) (mg) (gr) and 20.866 (2) (ta), (tt) and (tz)
6under the Wisconsin natural areas heritage program may not be used to acquire land
7through condemnation. The department may not acquire land under this subsection
8unless the land is suitable for dedication under the Wisconsin natural areas heritage
9program and upon purchase or as soon after purchase as practicable the department
10shall take all necessary action to dedicate the land under the Wisconsin natural
11areas heritage program. Acquisitions of land or of interests in land under this section
12are subject to the limitations under s. 23.0917 (8m).
Except as provided in s. 23.0915
13(2), the department may not expend from the appropriation under s. 20.866 (2) (tz)
14more than $500,000 in each fiscal year for natural areas land acquisition activities
15under this subsection and for grants for this purpose under s. 23.096.
AB40, s. 864 16Section 864. 23.27 (6) of the statutes is amended to read:
AB40,466,2317 23.27 (6) Sale; credit. Moneys received by the state from the sale of any area
18on state-owned land under the department's management or control which is
19withdrawn from the state natural areas system shall be credited to the appropriation
20under s. 20.370 (1) (mg) (gr). An amount equal to the value of any area on
21state-owned land under the department's management or control which is
22withdrawn from the state natural areas system but remains in state ownership shall
23be credited to the appropriation under s. 20.370 (1) (mg) (gr).
AB40, s. 865 24Section 865. 23.29 (2) of the statutes is amended to read:
AB40,467,11
123.29 (2) Contributions; state match. The department may accept
2contributions and gifts for the Wisconsin natural areas heritage program. The
3department shall convert donations of land which it determines, with the advice of
4the council, are not appropriate for the Wisconsin natural areas heritage program
5into cash. The department shall convert other noncash contributions into cash.
6These moneys shall be deposited in the general conservation fund and credited to the
7appropriation under s. 20.370 (1) (mg) (gr). These moneys shall be matched by an
8equal amount released from the appropriation under s. 20.866 (2) (ta), (tt) or (tz) or
9from any combination of these appropriations to be used for natural areas land
10acquisition activities under s. 23.27 (5). The department shall determine how the
11moneys being released are to be allocated from these appropriations.
AB40, s. 866 12Section 866. 24.80 of the statutes is amended to read:
AB40,467,25 1324.80 Normal school fund. The lands and moneys described in s. 24.79, not
14being granted for any other specified purpose, accrue to the school fund under article
15X, section 2, of the constitution; and having been found unnecessary for the support
16and maintenance of common schools, are appropriated to the support and
17maintenance of state universities and suitable libraries and apparatus therefor, and
18to that end are set apart and denominated the "Normal School Fund". All lands,
19moneys, loans, investments and securities set apart to the normal school fund and
20all swamp lands and income and interest received on account of the capital of that
21fund constitute a separate and perpetual fund. Except as provided in ss. 20.255 (1)
22(q)
20.280 (1) (rm) and 20.285 (1) (rm), all income and interest from the normal school
23fund shall be paid into the general fund as general purpose revenue. Normal school
24fund income, interest and revenues do not include expenses deducted from gross
25receipts permitted under ss. 24.04 (2), 24.53 and 24.62 (1).
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.
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