25.62
25.62
Property tax relief fund. All moneys transferred from the general fund to the property tax relief fund constitute the property tax relief fund. Moneys in the fund are reserved to provide state property tax relief.
25.62 History
History: 1995 a. 213;
1997 a. 27.
25.65
25.65
County mining investment fund. 25.65(1)
(1)
Definitions. In this section:
25.65(1)(c)
(c) "County government" means any county in this state.
25.65(1)(d)
(d) "County official" means each officer or employee of a county government who by law or vote of the governing body of the county government is made custodian of county funds.
25.65(1)(e)
(e) "Fund" means the county mining investment fund.
25.65(2)
(2) Creation. There is established under the control of the board a county mining investment fund with a separate and identifiable account within the fund for each county government.
25.65(3)
(3) County governments authorized to place county funds in fund. With the consent of the county board a county official may transfer county funds received under
s. 70.395 (2) (d) 1. to the state treasurer for deposit in the fund. A county official may authorize the investment and local impact fund board to transfer the county funds to the state treasurer for the county.
25.65(4)
(4) Period of investments; withdrawal of funds. Subject to the restrictions in this subsection the state treasurer shall prescribe the mechanisms and procedures for deposits and withdrawals. The mechanisms and procedures shall include a requirement for review and approval by the investment and local impact fund board of all withdrawals made within 10 years of deposit. The state treasurer shall notify the investment and local impact fund board of all withdrawals made 10 years or more after deposit. Withdrawals shall be made only to cover the costs of alleviating impacts due to the closing of a metalliferous mine in the county or the curtailment of metalliferous mining activity in the county.
25.65(5)
(5) Investment policies. The board shall formulate policies for the investment and reinvestment of moneys in the fund and the acquisition, retention, management and disposition of the investments.
25.65(6)
(6) 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.
25.65(7)(a)(a) The department of administration shall keep a separate account for each county government and shall record the individual amounts and the totals of all investments of each county government's moneys in the fund.
25.65(7)(b)
(b) The state treasurer shall report quarterly to each county official the deposits and withdrawals of the preceding quarter and any other activity within the account.
25.66
25.66
Tobacco control fund. 25.66(1)
(1) There is created a separate nonlapsible trust fund, known as the tobacco control fund, to consist of, in fiscal year 1999-2000, the first $23,500,000 of the moneys received under the Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.
25.66(2)
(2) Amounts in the fund may be distributed for the purposes specified in
s. 255.15.
25.66 History
History: 1999 a. 9,
84.
25.67
25.67
Children's trust fund. 25.67(1)
(1) The children's trust fund is created as a separate fund. Moneys in the fund shall be expended only for the purposes specified in
s. 48.982 (2m).
25.67(2)(a)(a) The fund shall consist of the following:
25.68
25.68
Support collections trust fund. There is created a separate nonlapsible trust fund designated as the support collections trust fund, to consist of all of the following:
25.68(1)
(1) All moneys received by the department of workforce development under
s. 49.854, except for moneys received under
s. 49.854 (11) (b).
25.68(2)
(2) All moneys received under
ss. 767.265 and
767.29 for child or family support, maintenance or spousal support, health care expenses or birth expenses.
25.68(3)
(3) All moneys not specified under
sub. (2) that are received under a judgment or order in an action affecting the family, as defined in
s. 767.02 (1), by the department of workforce development or its designee.
25.68 History
History: 1997 a. 191.
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).
Effective date note
NOTE: Par. (b) is repealed and recreated eff. the effective date of the 2001 budget by
1999 Wis. Act 9 to read:
Effective date text
(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).
Effective date note
NOTE: Subd. 3. is created eff. the effective date of the 2001 budget by
1999 Wis. Act 9.
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 and moneys transferred to the lottery fund under
ss. 20.455 (2) (g) and
20.505 (8) (am),
(g) and
(jm).
25.75(3)
(3) Distribution of gross lottery revenues. The distribution of the gross lottery revenues in the fund shall be subject to all of the following:
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. 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.
Effective date note
NOTE: Par. (b) is created eff. the effective date of the 2001 budget by
1999 Wis. Act 9.
25.75(3)(e)
(e) 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.
Effective date note
NOTE: Par. (e) is created eff. the effective date of the 2001 budget by
1999 Wis. Act 9.
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. 14.63.
25.80 History
History: 1995 a. 403;
1999 a. 9.
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.
25.96
25.96
Utility public benefits fund. There is established a separate nonlapsible trust fund designated as the utility public benefits fund, consisting of deposits by the public service commission under
s. 196.374 (3), public benefits fees received under
s. 16.957 (4) (a) and
(5) (c) and
(d) and contributions received under
s. 16.957 (2) (c) 4. and
(d) 2.
25.96 History
History: 1999 a. 9.
25.97
25.97
Air quality improvement fund. There is established a separate nonlapsible trust fund designated as the air quality improvement fund, consisting of all moneys transferred under
s. 16.958 (2) (a) and all moneys deposited under
s. 196.86 (3).
25.97 History
History: 1999 a. 9.
