25.70
25.70
Historical society trust fund. There is established a separate nonlapsible trust fund designated as the historical society trust fund, consisting of all endowment principal and income and all cash balances of the historical society. Unless the board of curators of the historical society determines otherwise in each case, only the income from the assets in the historical society trust fund is available for expenditure. In this section, unless otherwise provided in the gift, grant or bequest, principal and income are determined as provided under
s. 701.20 (3).
25.70 History
History: 1985 a. 29;
1987 a. 27.
25.72
25.72
Historical legacy trust fund. 25.72(1)
(1) There is established a separate nonlapsible trust fund designated as the historical legacy trust fund, to consist of:
25.72(1)(c)
(c) All gifts, grants or bequests made to the fund.
25.72(2)
(2) There is established in the historical legacy trust fund a separate account that is designated as the bicentennial account and that consists of the first $50,000 deposited into the fund, and earnings from this money, for the purpose of reserving moneys to be expended between January 1, 2046, and December 31, 2048, to commemorate the 200th anniversary of Wisconsin statehood.
25.72 History
History: 1997 a. 27.
25.73
25.73
Historical society endowment fund. There is established a separate nonlapsible endowment fund designated as the historical society endowment fund, to consist of:
25.73(1)
(1) All gifts, grants or bequests made to the fund. Notwithstanding
s. 20.907 (1), the historical society may convert any noncash gift, grant or bequest into cash.
25.73 History
History: 1997 a. 27.
25.75
25.75
Lottery fund. 25.75(1)(1)
Definitions. In this section:
25.75(1)(b)
(b) "Gross lottery revenues" means gross revenues from the sale of lottery tickets and lottery shares under
ch. 565 and revenues from the imposition of fees, if any, under
s. 565.10 (8) and includes compensation, including bonuses, if any, paid to retailers under
s. 565.10 (14), regardless of whether the compensation is deducted by the retailer prior to transmitting lottery ticket and lottery share revenues to the commission.
25.75(1)(c)
(c) "Lottery proceeds" means the remainder of the gross lottery revenues after deducting all of the following:
25.75(1)(c)3.
3. Amounts for other expenses, including compensation paid to retailers under
s. 565.10 (14) and amounts paid to vendors for on-line services and supplies provided by the vendors under contract under
s. 565.25 (2) (a).
25.75(2)
(2) Creation. There is created a separate nonlapsible trust fund known as the lottery fund, to consist of gross lottery revenues received by the department of revenue.
25.75(3)
(3) Distribution. Amounts in the fund shall be distributed as follows:
25.75(3)(a)
(a)
Prizes. An amount equal to at least 50% of each year's revenues from the sale of lottery tickets and lottery shares shall be returned as prizes to the holders of winning lottery tickets or lottery shares sold during that year.
25.75(3)(b)
(b)
Expenses. Beginning July 1, 1997, no more than an amount equal to 10% of gross lottery revenues for each year may be expended to pay the expenses for the operation and administration of the lottery, except that expenses for the operation and administration of the lottery may exceed 10% of gross lottery revenues if so approved by the joint committee on finance under
s. 13.10. In computing expenses subject to the 10% limitation under this paragraph:
25.75(3)(b)3.
3. Payments to vendors for on-line services and supplies provided by the vendors under contract under
s. 565.25 (2) (a) shall be included.
25.75(3)(e)
(e)
Lottery credit state administration expenses. From the appropriation under
s. 20.566 (2) (r), lottery proceeds shall be used to offset department of revenue expenses in administering the lottery credit.
25.80
25.80
Tuition trust fund. There is established a separate nonlapsible trust fund designated as the tuition trust fund, consisting of all revenue from enrollment fees and the sale of tuition units under
s. 16.24.
25.80 History
History: 1995 a. 403.
25.90
25.90
Energy efficiency fund. There is established a separate nonlapsible trust fund designated as the energy efficiency fund.
25.90 History
History: 1991 a. 269.
25.95
25.95
Universal service fund. There is established a separate nonlapsible trust fund designated as the universal service fund, to consist of all contributions received under
s. 196.218 (3).
25.95 History
History: 1997 a. 27.
