25.43(2)(b) (b) There is established in the clean water fund a state revolving loan fund account consisting of all moneys in the fund not included in accounts under par. (a) or (c).
25.43(2)(c) (c) The department of administration may establish and change accounts in the clean water fund other than those under pars. (a) and (b). The department of administration shall consult the department of natural resources before establishing or changing an account that is needed to administer the program under s. 281.58 and 281.59.
25.43(3) (3) Except for the purpose of investment as provided in s. 25.17 (2) (d), the clean water fund may be used only for the purposes authorized under ss. 20.320 (1) (r), (s) and (t), 20.370 (2) (mt) and (mx), (6) (mu) and (mx) and (8) (mr), 20.505 (1) (v) and (x), 281.58 and 281.59.
25.43 History History: 1987 a. 399; 1989 a. 31, 366; 1995 a. 27, 227.
25.44 25.44 Farms for the future fund.
25.44(1) (1) There is established a separate nonlapsible trust fund designated as the farms for the future fund, to consist of:
25.44(1)(a) (a) All gifts, grants and bequests to the farms for the future fund.
25.44(1)(b) (b) All moneys received from counties, cities, villages and towns for the farms for the future fund.
25.44(1)(c) (c) All moneys provided for the farms for the future fund by the federal government under P.L. 101-624, sections 1465 to 1470.
25.44(2) (2) Except for the purpose of investment as provided in s. 25.17 (3) (b), (ba) and (bd), the farms for the future fund may be used only for the purpose of investing funds in the protection or preservation of farmland for agricultural purposes.
25.44 History History: 1991 a. 38.
25.45 25.45 Waste management fund. There is established a separate nonlapsible trust fund designated as the waste management fund, to consist of the tonnage fees imposed under s. 144.441 (3), 1989 stats., except for tonnage fees paid by a nonapproved facility, as defined in s. 289.01 (24); waste management base fees imposed under s. 144.441 (5), 1989 stats.; and all moneys received or recovered under s. 289.41 (11) (a) 1., 3. or 4. and (am) 1., 3. and 4. Moneys in the waste management fund shall be used for the purposes specified under s. 289.68 (3) to (6).
25.46 25.46 Environmental fund. There is established a separate nonlapsible trust fund designated as the environmental fund, to consist of:
25.46(1e) (1e) The moneys transferred under s. 20.370 (2) (mu) for environmental repair.
25.46(1g) (1g) The moneys transferred under s. 20.370 (2) (mw) for groundwater management.
25.46(2) (2) The fees imposed under s. 94.64 (4) (an) for groundwater management.
25.46(3) (3) The fees imposed under s. 94.65 (6) (a) 4. for groundwater management.
25.46(4) (4) The moneys specified under s. 94.68 (4) (b), (bm) and (bt) for groundwater management.
25.46(4m) (4m) The moneys specified under s. 94.68 (4) (c) for environmental repair.
25.46(4s) (4s) The fees imposed under s. 94.681 for environmental repair.
25.46(5) (5) The fees imposed under s. 101.14 (5) (a) for groundwater management.
25.46(5e) (5e) All moneys received under s. 281.75 (16) (d) for environmental repair.
25.46(5m) (5m) The tonnage fees imposed under s. 289.62 (1) that are paid by a nonapproved facility, as defined in s. 289.01 (24), for environmental repair.
25.46(6) (6) The groundwater fees imposed under s. 289.63 for groundwater management.
25.46(6m) (6m) The well compensation fees imposed under s. 289.63 for environmental repair.
25.46(6r) (6r) The solid waste capacity fees imposed under ss. 289.63 and 289.65 for environmental repair.
25.46(7) (7) The fees imposed under s. 289.67 (1) for environmental repair.
25.46(8) (8) The fees and surcharges imposed under s. 289.67 (3) and (4) for environmental repair.
25.46(9) (9) The moneys received from municipalities under s. 292.31 (7) (c) for environmental repair.
25.46(10) (10) The amounts required to be paid into the environmental fund under s. 292.31 (8) (g) for environmental repair.
25.46(10m) (10m) The moneys recovered under s. 292.61 (5) for environmental repair.
25.46(11) (11) The moneys received from reimbursements under s. 292.11 (6) (c) 1. for environmental repair.
25.46(12) (12) The moneys received from the federal government as reimbursement under s. 292.11 (6) (c) 2. and for purposes related to the hazardous substances spills program, the abandoned container program and the environmental repair of waste facilities.
25.46(13) (13) The moneys received from reimbursements under s. 292.41 (6) (c) for the abandoned container program.
25.46(13m) (13m) The environmental assessments imposed under s. 299.93 for environmental enforcement, environmental repair and environmental education.
25.46(14) (14) The moneys collected under s. 145.19 (6) for groundwater management.
25.46(15) (15) The fees imposed under s. 281.48 (4s) (d) for groundwater management.
25.46(16) (16) The fees imposed under s. 283.31 (7) for groundwater management.
25.46(17) (17) All moneys received from fees under s. 289.67 (2) for environmental repair.
25.46(17m) (17m) All moneys received under s. 292.51 (2) for cooperative remedial action.
25.46(18) (18) All moneys received under s. 283.87 or as a settlement to any action initiated or contemplated under s. 283.87 for environmental repair.
25.46(20) (20) The fees imposed under s. 342.14 (3m) for nonpoint source water pollution abatement.
25.465 25.465 Agrichemical management fund. There is established a separate nonlapsible trust fund designated as the agrichemical management fund, to consist of:
25.465(1) (1) The fees imposed under s. 94.64 (3) (c), (3m) (b) and (4) (a) and (d).
25.465(2) (2) The fees imposed under s. 94.65 (2) (a), (3) (b) and (6) (a) 1.
25.465(3) (3) The fees and surcharges specified under s. 94.68 (4) (a).
25.465(4) (4) The fees imposed under s. 94.685 (3).
25.465(5) (5) The fees imposed under s. 94.703 (3).
25.465(6) (6) The fees imposed under s. 94.704 (3).
25.465(7) (7) The fees imposed under s. 94.705 (4).
25.465(8) (8) The fees imposed under s. 94.72 (5) (b) and (6) (a) and (i).
25.465(9) (9) The amounts collected under s. 94.73 (5) (e) and (8).
25.465 History History: 1991 a. 39, 112; 1993 a. 16; 1995 a. 27.
25.47 25.47 Petroleum inspection fund. There is established a separate nonlapsible trust fund designated as the petroleum inspection fund, to consist of the fees imposed under s. 168.12 (1) and the net recoveries under s. 101.143 (5) (c).
25.47 History History: 1987 a. 27, 399; 1991 a. 269; 1993 a. 16.
25.49 25.49 Recycling fund. There is established a separate nonlapsible trust fund designated as the recycling fund, to consist of:
25.49(1) (1) The surcharge imposed under subch. VII of ch. 77.
25.49(2) (2) The fees imposed under s. 287.31.
25.49 History History: 1989 a. 335; 1991 a. 39; 1995 a. 227.
25.50 25.50 Local government pooled-investment fund.
25.50(1)(1)Definitions. In this section:
25.50(1)(a) (a) "Board" means the state investment board.
25.50(1)(b) (b) "Fund" means the local government pooled-investment fund.
25.50(1)(c) (c) "Local funds" means funds under the control or in the custody of any local government or local official that are not required to meet current expenditures or demands.
25.50(1)(d) (d) "Local government" means any county, town, village, city, power district, sewerage district, drainage district, town sanitary district, public inland lake protection and rehabilitation district, local professional baseball park district created under subch. III of ch. 229, public library system, school district or technical college district in this state, any commission, committee, board or officer of any governmental subdivision of this state, any court of this state, other than the court of appeals or the supreme court, or any authority created under s. 231.02, 233.02 or 234.02.
25.50(1)(e) (e) "Local official" means each officer or employe of a local government who by law or vote of the governing body of the local government is made the custodian of funds.
25.50(2) (2)Creation. There is established within the state investment fund a local government pooled-investment fund with a separate and identifiable account within the fund for each local government.
25.50(3) (3)Local governments authorized to place funds in pool.
25.50(3)(a)(a) With the consent of the governing body, a local official may transfer local funds to the state treasurer for deposit in the fund.
25.50(3)(b) (b) On the dates specified and to the extent to which they are available, subject to s. 16.53 (10), funds payable to local governments under ss. 79.03, 79.04, 79.05, 79.058, 79.06, 79.08 and 79.10 shall be considered local funds and, pursuant to the instructions of local officials, may be paid into the separate accounts of all local governments established in the local government pooled-investment fund and, pursuant to the instructions of local officials, to the extent to which they are available, be disbursed or invested.
25.50(4) (4)Period of investments; withdrawal of funds. Subject to the right of the local government to specify the period in which its funds may be held in the fund, the state treasurer shall prescribe the mechanisms and procedures for deposits and withdrawals.
25.50(5) (5)Investment policies. The investment board shall formulate policies for the investment and reinvestment of moneys in the fund and the acquisition, retention, management and disposition of such investments. The board shall provide a copy of the investment policies, together with any guidelines adopted by the board to direct staff investment activity, to each local government having an investment in the fund upon the local government's request and at least annually to all investors. The board shall distribute at least annually performance information over the preceding one-year, 5-year and 10-year periods, compared with appropriate indices or benchmarks in the private sector. The investment policies shall include all of the following:
25.50(5)(a) (a) Any types of prohibited investments.
25.50(5)(b) (b) Any restrictions on allocation of assets among various asset types.
25.50(5)(c) (c) Credit standards for private companies in which the fund may invest.
25.50(5)(d) (d) Dollar or percentage limits on investments in a single company or bank.
25.50(5m) (5m)Monthly reporting requirements.
25.50(5m)(a)(a) The board, in cooperation with the department of administration, shall provide information necessary for the state treasurer to provide a monthly report to each local government having an investment in the fund. The board shall use all reasonable efforts to provide the information to the state treasurer in time to allow the treasurer to mail or electronically transmit the report to the local government no later than 6 business days after the end of the month covered by the report. The report shall include information on the fund's earnings for the month, with comparison to appropriate indices or benchmarks in the private sector.
25.50(5m)(b) (b) Upon request of any local government having an investment in the fund, the board shall provide a summary of securities held by the fund, including for each type of security, its cost, current value and, in the case of debt instruments, the average maturity. The board shall provide the information as soon as practicable after receiving the request.
25.50(6) (6)Investment board to invest, reinvest pooled funds. In the amounts available for investment purposes and subject to the policies formulated by the investment board, the investment board shall invest and reinvest moneys in the fund and acquire, retain, manage, including the exercise of any voting rights, and dispose of investments of the fund.
25.50(7) (7)Reimbursement of expenses. The state treasurer shall deduct quarterly a maximum of 0.25% of the amount of income received from the earnings of the fund during the preceding calendar quarter for all actual and necessary expenses incurred by the state in administering the fund.
25.50(8) (8)Separate accounts.
25.50(8)(a)(a) The department of administration shall keep a separate account for each local government and shall record the individual amounts and the totals of all investments of each local government's moneys in the fund.
25.50(8)(b) (b) The state treasurer shall report monthly to each local official the deposits and withdrawals of the preceding month and any other activity within the account.
25.50(8)(c) (c) For each municipality that invests in the fund surplus debt service funds under s. 67.11 (2) (d), the department of administration shall keep separate accounts for such surplus debt service funds and for all other local funds of the municipality that are invested in the fund.
25.50(9) (9)Rules. The state treasurer may promulgate rules to carry out the purposes of this section.
25.50(10) (10)Insurance of principal. The state treasurer may obtain insurance for the safety of the principal investments of the fund. The insurance is a reimbursable expense under sub. (7).
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This is an archival version of the Wis. Stats. database for 1995. See Are the Statutes on this Website Official?