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24.51 24.51 Constitutional board. The board created by article X, section 7, of the constitution may be styled in any law or any action or proceeding in court as "The Board of Commissioners of Public Lands".
24.51 History History: 1979 c. 34 s. 699g; Stats. 1979 s. 24.51; 1983 a. 192.
24.52 24.52 Jurisdiction. Together with the power and duty of selling the school and university lands and investing the funds arising therefrom, prescribed for the board by article X, section 7, of the constitution, it is invested with power to dispose of all other public lands and all interests in lands held by the state for sale, and with such further powers as may be necessary or convenient to enable it to exercise the functions and perform the duties imposed upon it by law.
24.52 History History: 1979 c. 34 s. 699g; Stats. 1979 s. 24.52; 1983 a. 192.
24.53 24.53 Investigate land claims; deduct expenses. The board of commissioners of public lands shall investigate the rights of the state to school lands, normal school lands, university lands and agricultural college lands. The expenses incurred in making these investigations and taking necessary steps to protect common school lands, normal school lands, university lands and agricultural college lands and timber on those lands, as well as the expense of necessary surveys, records, appraisals and sales, upon the approval of the board, shall be deducted from the gross receipts of the fund to which the proceeds from the sale of the land or timber will be added.
24.53 History History: 1979 c. 34 s. 699g; Stats. 1979 s. 24.53.
24.54 24.54 Records; copies as evidence.
24.54(1) (1) The department of administration shall provide an office for the board. The board shall conveniently arrange and preserve in that office all records, books, reports, surveys, maps, field notes, plats and other papers pertaining to the public lands owned by the state, including all public lands that have been or shall be received from the United States or any officer of the United States. The board may perfect the records, books, reports, surveys, maps, field notes, plats and other papers when incomplete, and cause copies of those documents to be made when from injury, loss, use or accident it shall become necessary. Any copy, when certified to be a correct copy by the executive secretary of the board under the executive secretary's signature and the official seal of the office to have been made for any of the causes specified in this subsection, shall have the same force and effect in all courts and places as the original. Any copy from the original records, books, reports, surveys, maps, field notes, plats or other papers, or from any record or paper required by law to be kept in the office, or any copy from a certified copy of one of those documents, when certified by the executive secretary of the board or any member of the board of commissioners of public lands under the official seal of the board, shall be received in evidence with the same effect as the original.
24.54(2) (2) All records, books and files kept by the board shall at all business hours be open, under proper regulations made by it, to the inspection of any person, free of charge. The board also may in like manner make, perfect, and complete proper records, books, reports and other papers pertaining to the lands of which the state has been or is trustee for the United States.
24.54 History History: 1979 c. 34 s. 699g; 1979 c. 176; Stats. 1979 s. 24.54; 1989 a. 31; 1993 a. 16.
24.55 24.55 Executive secretary; deputy; staff; appointments; duties; oath. The board shall appoint an executive secretary outside the classified service. The executive secretary shall appoint a deputy who shall, during the absence of the executive secretary, have all of the authority given by law to the executive secretary. The executive secretary and deputy shall take and file the official oath.
24.55 History History: 1979 c. 34 s. 699g; Stats. 1979 s. 24.55; 1993 a. 16.
24.56 24.56 Not to buy lands. The board, and all persons employed by it or about any of its respective offices, are prohibited from purchasing any of the public lands, directly or indirectly, either in their own name or in the name of any other person in trust for them or either of them; and for every tract or parcel of land purchased in violation hereof each such person offending shall forfeit not more than $250.
24.56 History History: 1975 c. 365; 1979 c. 34 s. 699g; Stats. 1979 s. 24.56; 1993 a. 16.
24.57 24.57 Report of board. The board shall include in any report submitted under s. 15.07 (6) a report of its official proceedings for the period since the proceedings reported in the most recent report, showing the quantity of land sold or leased and the amount received therefor, the amount of interest moneys accrued or received and a specific account of the several investments made by them, stating in all cases of loans, the name of each borrower, the sum borrowed and a description of the property mortgaged. The report also shall include such other matters as it thinks proper to communicate or as the legislature requires.
24.57 History History: 1979 c. 34 s. 699g; Stats. 1979 s. 24.57; 1983 a. 27.
24.58 24.58 Appraisers. The board may select employees of the department to appraise lands or perform other services in field and forest. The board shall reimburse the department under a contract with the department for the performance of public land management services.
24.58 History History: 1975 c. 94; 1979 c. 34 s. 699g; Stats. 1979 s. 24.58; 1993 a. 16.
24.59 24.59 Sale of public lands to state under Warren Knowles-Gaylord Nelson stewardship 2000 program.
24.59(1)(1) Notwithstanding ss. 24.09, 24.10, 24.15, 24.16, and 24.32, but subject to subs. (2) and (3), the board shall sell to the state under s. 23.1985 public lands that the board identifies as available for sale to the state. Notwithstanding s. 24.08 (4), the public lands shall be sold at the appraised value determined under sub. (2).
24.59(2) (2) The board shall have all of the public lands specified under sub. (1) independently appraised under s. 24.08 (2) and (3) after May 3, 2006, but before sale under sub. (1).
24.59(3) (3) Notwithstanding s. 24.11, public lands sold under sub. (1) may not be paid for in installments.
24.59 History History: 2005 a. 352.
subch. II of ch. 24 SUBCHAPTER II
TRUST FUNDS
24.60 24.60 Definitions. In this subchapter, unless the context indicates otherwise:
24.60(1) (1) "Consortium" means an association of 2 or more of any of the following entities for the purpose of implementing, expanding or participating in a distance education or educational technology project:
24.60(1)(a) (a) A school district.
24.60(1)(b) (b) A technical college district.
24.60(1)(c) (c) A county, if the county acts on behalf of a county library board that has adopted a resolution under s. 24.66 (3m).
24.60(1)(d) (d) A city, village or town, if the city, village or town acts on behalf of a municipal library board that has adopted a resolution under s. 24.66 (3m).
24.60(1g) (1g) "Distance education" means instruction that takes place, regardless of the location of a teacher or student, by means of telecommunications or other means of communication, including cable, instructional television fixed service, microwave, radio, satellite, computer, telephone or television.
24.60(1r) (1r) "Educational technology" means technology used in the education or training of any person or in the administration of an elementary or secondary school or a public library.
24.60(1v) (1v) "Federated public library system" means a federated public library system whose territory lies within 2 or more counties.
24.60(1w) (1w) "General obligation trust fund loan" means a state trust fund loan that is the general obligation of the borrower.
24.60(2) (2) "Municipality" means a town, village, city, county, public inland lake protection and rehabilitation district, town sanitary district created under s. 60.71, metropolitan sewerage district created under s. 200.05 or 200.23, joint sewerage system created under s. 281.43 (4), school district or technical college district.
24.60(2m) (2m) "Revenue obligation trust fund loan" means a state trust fund loan to which any of the following applies:
24.60(2m)(a) (a) It is made to a municipality for the purpose of financing or refinancing a project, as defined in s. 67.04 (1) (ar), and is secured by a pledge and assignment of the revenue that the municipality will receive from moneys generated by that project.
24.60(2m)(b) (b) It is made to a city or village for the purpose of financing or refinancing project costs, as defined in s. 66.1105 (2) (f), and is secured by a pledge and assignment of the tax increments that will be allocated to the city or village for those project costs by the department of revenue under s. 66.1105 (6).
24.60(2m)(c) (c) It is made to a county for the purpose of financing or refinancing project costs, as defined in s. 66.1105 (2) (f), and is secured by a pledge and assignment of the tax increments that will be allocated to the county for those project costs by the department of revenue under s. 59.57 (3).
24.60(2m)(d) (d) It is made to a town for the purpose of financing or refinancing project costs, as defined in s. 60.85 (1) (h) 1., and is secured by a pledge and assignment of the tax increments that will be allocated to the town for those project costs by the department of revenue under s. 60.85 (6).
24.60(3) (3) "School district" has the meaning designated under s. 115.01 (3).
24.60(4) (4) "State trust fund loan" means a loan authorized under s. 24.61 (3).
24.60(5) (5) "Trust funds" means the common school fund, the normal school fund, the university fund and the agricultural college fund.
24.605 24.605 Accounts in trust funds for deposit of proceeds from sale of certain lands. The board shall establish in each of the trust funds an account to which are credited the proceeds from the sale of any public lands on or after May 3, 2006, that are required by law to be deposited in the funds. Moneys credited to the accounts in the funds may only be used to invest in land under s. 24.61 (2) (a) 10. and for the payment of expenses necessarily related to investing in land under s. 24.61 (2) (a) 10.
24.605 History History: 2005 a. 352.
24.61 24.61 Authorized investments and loans.
24.61(1) (1) Investments and loans; separate accounts. The board shall loan or invest moneys belonging to the trust funds as those moneys accumulate in the treasury. The board shall keep a separate account of all investments and loans from each fund.
24.61(2) (2)Investments.
24.61(2)(a)(a) Authorized investments by board. The board may invest moneys belonging to the trust funds in the purchase of any of the following:
24.61(2)(a)1. 1. Bonds or notes of the United States.
24.61(2)(a)2. 2. Securities issued under the provisions of the federal farm loan act of July 17, 1916, (12 USC 641, et seq.) or the farm credit act of 1971 (P.L. 92-181).
24.61(2)(a)3. 3. Bonds, notes, or other instruments of indebtedness issued by this state.
24.61(2)(a)4. 4. Bonds, notes, or other instruments of indebtedness issued pursuant to law by any town, village, city, county, metropolitan sewerage district, technical college district, or school district of this state.
24.61(2)(a)5. 5. Bonds issued by a local exposition district under subch. II of ch. 229.
24.61(2)(a)6. 6. Bonds of the University of Wisconsin Hospitals and Clinics Authority.
24.61(2)(a)7. 7. Bonds issued by a local professional baseball park district created under subch. III of ch. 229.
24.61(2)(a)8. 8. Bonds issued by a local professional football stadium district created under subch. IV of ch. 229.
24.61(2)(a)9. 9. Bonds issued by a local cultural arts district under subch. V of ch. 229.
24.61(2)(a)10. 10. Land in this state, but subject to the condition established under par. (cm).
24.61(2)(a)10m. 10m. Bonds of the Wisconsin Aerospace Authority.
24.61(2)(a)11. 11. Financial institution accounts that are insured by a deposit insurance corporation, as defined in s. 214.01 (1) (h).
24.61(2)(b) (b) Manner for holding securities. All bonds, notes, and other instruments of indebtedness and securities purchased under par. (a) shall be held in a manner determined by the board.
24.61(2)(c) (c) Delegation of investment authority to investment board. The board may delegate to the investment board the authority to invest part or all of the moneys belonging to the trust funds. If the board delegates the authority, the investment board may invest the moneys belonging to the trust funds in any fixed income investment or fund that invests only in fixed income instruments.
24.61(2)(cm) (cm) Investments in land in this state. The board may not invest moneys in the purchase of any land under par. (a) 10. unless all of the following occur:
24.61(2)(cm)1. 1. The land is within any applicable consolidation area approved by the board.
24.61(2)(cm)2. 2. The total acreage of public lands managed by the board does not exceed the total acreage of public lands managed by the board on May 3, 2006.
24.61(2)(cm)3. 3. The board determines that the purchase of the land will improve timberland management, address forest fragmentation, or increase public access to the land.
24.61(2)(cm)4. 4. The moneys are in an account specified in s. 24.605.
24.61(3) (3)Loans.
24.61(3)(a)(a) Authorized loans. The board may loan moneys under its control or belonging to the trust funds to:
24.61(3)(a)1. 1. A school district by whatever name designated, to be used for any of the following:
24.61(3)(a)1.a. a. The operation and maintenance of schools.
24.61(3)(a)1.b. b. Erecting and remodeling school buildings and teacherages.
24.61(3)(a)1.c. c. Purchasing teacherages, teacherage sites, schoolhouse sites, bus garage sites, transportation vehicles, bus garages, school equipment and school playgrounds.
24.61(3)(a)1.d. d. Refunding any indebtedness incurred for a lawful purpose within constitutional limitations.
24.61(3)(a)1.e. e. The purpose authorized by s. 67.04.
24.61(3)(a)1.f. f. Any purpose otherwise authorized by law.
24.61(3)(a)2. 2. A town, village, city or county as provided under s. 67.04 or otherwise authorized by law.
24.61(3)(a)3. 3. A technical college district as provided under s. 67.04 or otherwise authorized by law.
24.61(3)(a)4. 4. A public inland lake protection and rehabilitation district for the purposes of the exercise of its powers under s. 33.22.
24.61(3)(a)5. 5. A town sanitary district created under s. 60.71 for the purposes for which the district may issue its bonds under s. 60.78.
24.61(3)(a)6. 6. A metropolitan sewerage district created under s. 200.05, as provided under s. 67.04 or otherwise authorized by law.
24.61(3)(a)7. 7. A metropolitan sewerage system created under s. 200.23, as provided under s. 67.04 or otherwise authorized by law.
24.61(3)(a)8. 8. A joint sewerage system created under s. 281.43 (4) for the purpose of exercising its powers under s. 281.43 (4).
24.61(3)(a)9. 9. A consortium.
24.61(3)(a)10. 10. A cooperative educational service agency representing 2 or more school districts in the area served by the agency for the purpose of conducting a distance education project by the school districts.
24.61(3)(a)11. 11. A federated public library system, as provided under s. 43.17 (9) (b) or otherwise authorized by law.
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2011-12 Wisconsin Statutes updated though 2013 Wis. Act 200 and all Supreme Court Orders entered before April 18, 2014. Published and certified under s. 35.18. Changes effective after April 18, 2014 are designated by NOTES. (Published 4-18-14)