SB27, s. 866 Section 866. 24.80 of the statutes is amended to read:

SB27,467,25 24.80 Normal school fund. The lands and moneys described in s. 24.79, not being granted for any other specified purpose, accrue to the school fund under article X, section 2, of the constitution; and having been found unnecessary for the support and maintenance of common schools, are appropriated to the support and maintenance of state universities and suitable libraries and apparatus therefor, and to that end are set apart and denominated the "Normal School Fund". All lands, moneys, loans, investments and securities set apart to the normal school fund and all swamp lands and income and interest received on account of the capital of that fund constitute a separate and perpetual fund. Except as provided in ss. 20.255 (1) (q) 20.280 (1) (rm) and 20.285 (1) (rm), all income and interest from the normal school fund shall be paid into the general fund as general purpose revenue. Normal school fund income, interest and revenues do not include expenses deducted from gross receipts permitted under ss. 24.04 (2), 24.53 and 24.62 (1).

SB27, s. 867 Section 867. 25.17 (1) (nm) of the statutes is amended to read:

SB27,468,3 25.17 (1) (nm) Recycling and renewable energy Economic development fund (s. 25.49);

SB27, s. 868 Section 868. 25.17 (2) (f) of the statutes is amended to read:

SB27,468,13 25.17 (2) (f) Invest the moneys belonging to the college savings program trust fund, the college savings program bank deposit trust fund, and the college savings program credit union deposit trust fund in a manner consistent with the guidelines established under s. 14.64 16.641 (2) (c), unless the moneys are under the management and control of a vendor selected under s. 16.255. In making investments under this paragraph, the investment board shall accept any reasonable terms and conditions that the college savings program board specifies and is relieved of any obligations relevant to prudent investment of the fund, including the standard of responsibility under s. 25.15 (2).

SB27, s. 869 Section 869. 25.17 (70) (intro.) of the statutes is amended to read:

SB27,468,23 25.17 (70) (intro.) No later than December 31 of every even-numbered year, after receiving a report from the department of commerce under s. 560.08 (2) (m) and in consultation with the department of commerce, submit to the governor and to the presiding officer of each house of the legislature a plan for making investments in this state. The purpose of the plan is to encourage the board to make the maximum amount of investments in this state, subject to s. 25.15 and consistent with the statutory purpose of each trust or fund managed by the board. The plan shall discuss potential investments to be made during the succeeding 5 years beginning in the year after submittal of the plan, and shall include, but not be limited to, the following:

SB27, s. 870 Section 870. 25.17 (70) (a) of the statutes is repealed.

SB27, s. 871 Section 871. 25.17 (70) (d) of the statutes is amended to read:

SB27,469,3 25.17 (70) (d) Comments solicited from the secretary of commerce chief executive officer of the Wisconsin Economic Development Corporation and received by the board on or before November 30 of the year of submittal.

SB27, s. 872 Section 872. 25.185 (1) (a) of the statutes is amended to read:

SB27,469,7 25.185 (1) (a) "Disabled veteran-owned financial adviser" means a financial adviser certified by the department of commerce safety and professional services under s. 560.0335 490.02 (3).

SB27, s. 873 Section 873. 25.185 (1) (b) of the statutes is amended to read:

SB27,469,11 25.185 (1) (b) "Disabled veteran-owned investment firm" means an investment firm certified by the department of commerce safety and professional services under s. 560.0335 490.02 (3).

SB27, s. 874 Section 874. 25.185 (1) (c) of the statutes is amended to read:

SB27,469,15 25.185 (1) (c) "Minority financial adviser" means a financial adviser certified by the department of commerce safety and professional services under s. 560.036 490.04 (2).

SB27, s. 875 Section 875. 25.185 (1) (d) of the statutes is amended to read:

SB27,469,19 25.185 (1) (d) "Minority investment firm" means an investment firm certified by the department of commerce safety and professional services under s. 560.036 490.04 (2).

SB27, s. 876 Section 876. 25.29 (7) (intro.) of the statutes is amended to read:

SB27,470,6 25.29 (7) (intro.) All of the proceeds of the tax which is levied under s. 70.58, and all moneys paid into the state treasury as the counties' share of compensation of emergency fire wardens under s. 26.14 shall be used for acquiring, preserving and developing the forests of the state, including the acquisition of lands owned by counties by virtue of any tax deed and of other lands suitable for state forests, and for the development of lands so acquired and the conduct of forestry thereon, including the growing and planting of trees; for forest and marsh fire prevention and control; for grants to forestry cooperatives under s. 36.56 37.56; for compensation of emergency fire wardens; for maintenance, permanent property and forestry improvements; for other forestry purposes authorized by law and for the payment of aid for forests as authorized in s. 28.11 and subchs. I and VI of ch. 77.

SB27, s. 877 Section 877. 25.36 (1) of the statutes is amended to read:

SB27,471,2 25.36 (1) Except as provided in sub. (2), all moneys appropriated or transferred by law shall constitute the veterans trust fund which shall be used for the lending of money to the mortgage loan repayment fund under s. 45.37 (5) (a) 12. and for the veterans programs under ss. 20.485 (2) (m), (mn), (tm), (u), (v), (vo), (vy), (w), and (z), and (zm), and (5) (mn), (v), (vo), and (zm), 45.03 (19), 45.07, 45.20, 45.21, 45.40 (1m), 45.41, 45.42, 45.43, and 45.82 and administered by the department of veterans affairs, including all moneys received from the federal government for the benefit of veterans or their dependents; all moneys paid as interest on and repayment of loans under the post-war rehabilitation fund; soldiers rehabilitation fund, veterans housing funds as they existed prior to July 1, 1961; all moneys paid as interest on and repayment of loans under this fund; all moneys paid as expenses for, interest on, and repayment of veterans trust fund stabilization loans under s. 45.356, 1995 stats.; all moneys paid as expenses for, interest on, and repayment of veterans personal loans; the net proceeds from the sale of mortgaged properties related to veterans personal loans; all mortgages issued with the proceeds of the 1981 veterans home loan revenue bond issuance purchased with moneys in the veterans trust fund; all moneys received from the state investment board under s. 45.42 (8) (b); all moneys received from the veterans mortgage loan repayment fund under s. 45.37 (7) (a) and (c); and all gifts of money received by the board of veterans affairs for the purposes of this fund.

SB27, s. 878 Section 878. 25.40 (1) (a) 3. of the statutes is amended to read:

SB27,471,10 25.40 (1) (a) 3. Revenues collected under ss. 341.09 (2) (d), (2m) (a) 1., (4), and (7), 341.14 (2), (2m), (6) (d), (6m) (a), (6r) (b) 2., (6w), and (8), 341.145 (3), 341.16 (1) (a) and (b), (2), and (2m), 341.17 (8), 341.19 (1) (a), 341.25, 341.255 (1), (2) (a), (b), and (c), and (5), 341.26 (1), (2), (2m) (am) and (b), (3), (3m), (4), (5), and (7), 341.264 (1), 341.265 (1), 341.266 (2) (b) and (3), 341.268 (2) (b) and (3), 341.269 (2) (b), 341.30 (3), 341.305 (3), 341.307 (4) (a), 341.308 (3), 341.36 (1) and (1m), 341.51 (2), and 342.14, except s. 342.14 (1r), that are pledged to any fund created under s. 84.59 (2).

SB27, s. 879 Section 879. 25.40 (1) (a) 4. of the statutes is amended to read:

SB27,471,14 25.40 (1) (a) 4. Moneys received under s. 341.14 (6r) (b) 4. that are deposited in the general fund and credited to the appropriation appropriation accounts under s. ss. 20.285 (1) (jp) and 20.395 (5) (ef).

SB27, s. 880 Section 880. 25.40 (1) (a) 5m. of the statutes is repealed.