reglab/housing_qa huggingface dataset:
WI Stat § 24.717 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.717 - Collections from local professional baseball park districts.

24.717  Collections from local professional baseball park districts. (1) Applicability. This section applies to all outstanding trust fund loans to local professional baseball park districts created under subch. III of ch. 229. (2)  Certified statement. If a local professional baseball park district has a state trust fund loan, the board of commissioners of public lands shall transmit to the local professional baseball park district board a certified statement of the amount due on or before October 1 of each year until the loan is paid. The board of commissioners of public lands shall furnish a copy of each certified statement to the department of administration. (3)  Payment to board. The local professional baseball park district board shall remit to the board of commissioners of public lands on its own order the full amount due for state trust fund loans within 15 days after March 15. Any payment not made by March 30 is delinquent and is subject to a penalty of 1 percent per month or fraction thereof, to be paid to the board of commissioners of public lands with the delinquent payment.  (4)  Failure to make payment. If the local professional baseball park district board fails to remit the amounts due under sub. (3), the secretary of administration, upon certification of delinquency by the board of commissioners of public lands, shall deduct the amount due, including any penalty, from any state payments due the district, shall remit such amount to the board, and, no later than June 15, shall notify the district board and the board of commissioners of public lands to that effect. History:  2009 a. 28; 2011 a. 71.
WI Stat § 24.718 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.718 - Collections from local exposition districts.

24.718  Collections from local exposition districts. (1) Applicability. This section applies to all outstanding trust fund loans to local exposition districts created under subch. II of ch. 229. (2)  Certified statement. If a local exposition district has a state trust fund loan, the board shall transmit to the local exposition district board a certified statement of the amount due on or before October 1 of each year until the loan is paid. The board shall furnish a copy of each certified statement to the department of administration. (3)  Payment to board. The local exposition district board shall remit to the board on its own order the full amount due for state trust fund loans within 15 days after March 15. Any payment not made by March 30 is delinquent and is subject to a penalty of 1 percent per month or fraction thereof, to be paid to the board with the delinquent payment. History:  2015 a. 60.
WI Stat § 24.72 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.72 - Use of funds.

24.72  Use of funds. No money obtained by a borrower from a state trust fund loan may be applied to or paid out for any purpose except that specified in the application for the loan without the consent of the board.History:  1971 c. 154; 1979 c. 221; 1981 c. 169; Stats. 1981 s. 24.72; 1995 a. 27.
WI Stat § 24.73 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.73 - Extension of loan.

24.73  Extension of loan. All loans made or which may be made from any state trust funds to any borrower may be extended for such time and upon such terms as may be agreed upon by and between the board and such borrower; provided, however, that no loan shall be extended upon which there is any default in the payment of interest at the time of making application therefor, nor to any period beyond 20 years from its inception, nor at any rate of interest less than the minimum established by law.History:  1981 c. 169; Stats. 1981 s. 24.73; 1995 a. 27.
WI Stat § 24.74 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.74 - Duty of attorney general and revenue department.

24.74  Duty of attorney general and revenue department. If any officer neglects or refuses to perform any duty required of the officer by law in relation to the levy or collection of any tax required to be raised to make any payment of principal or interest on any loan from the state, the attorney general shall apply to the supreme court for a mandamus to compel the performance of such duty; and the department of revenue may do or cause to be done the duty required of such officer with the same effect as if done by the officer.History:  1981 c. 169; Stats. 1981 s. 24.74; 1991 a. 316.
WI Stat § 24.75 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.75 - Interest, how accounted for.

24.75  Interest, how accounted for. All money collected as interest upon any state trust fund loan shall be paid into the state treasury. All moneys collected as interest upon any trust fund loan are considered gross receipts and shall be credited to the income of the fund from which the loan was made except that expenses may be deducted as provided under s. 24.62 (1).History:  1979 c. 221; 1981 c. 169; Stats. 1981 s. 24.75; 1989 a. 31.
WI Stat § 24.76 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.76 - Common school fund.

24.76  Common school fund. All moneys accruing to the state by virtue of article X, section 2, of the constitution, and all other moneys paid into the state treasury on account of the capital of the school fund, constitute the school fund. All of said fund, except that portion set apart for state universities by s. 24.80, having been found necessary for the support and maintenance of common schools in each school district, and the purchase of suitable libraries and apparatus therefor, is set apart for those objects and denominated the “Common School Fund" which is a separate and perpetual fund.History:  1981 c. 169; Stats. 1981 s. 24.76; 1983 a. 192.
WI Stat § 24.77 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.77 - Common school fund income.

24.77  Common school fund income. The common school fund income is constituted of the interest derived from the common school fund and from unpaid balances of purchase money on sales of common school lands; and all other revenues derived from the common school lands; but the common school fund income and interest and revenues derived from the common school fund and from common school lands do not include expenses deducted from gross receipts permitted under ss. 24.04 (2), 24.53 and 24.62 (1).History:  1979 c. 34; 1981 c. 169; Stats. 1981 s. 24.77; 1989 a. 31.
WI Stat § 24.78 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.78 - Distribution of the common school fund income.

24.78  Distribution of the common school fund income. Under article X, section 5, of the constitution the common school fund income shall be distributed to the school districts among the several towns, villages and cities of the state for the support of common schools therein, as provided in s. 43.70. History:  1971 c. 152 s. 38; 1981 c. 169; Stats. 1981 s. 24.78; 1983 a. 192; 1997 a. 27; 1999 a. 9.
WI Stat § 24.79 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.79 - Swampland grants.

24.79  Swampland grants. All swamp and overflowed lands and moneys in lieu thereof received from the United States by virtue of the act of congress approved September 28, 1850, entitled “an act to enable the state of Arkansas and other states to reclaim the swamp lands within their limits;" and all moneys received as purchase money for such lands, including loans and investments and moneys due upon certificates of sale thereof; and all swamp lands and moneys in lieu thereof received subsequent to the enactment of chapter 537, laws of 1865, or which are hereafter received, from the United States; and the proceeds of the sale of all lands conveyed to this state pursuant to the act of congress approved March 2, 1865, entitled “an act for the relief of purchasers and locators of swamp and overflowed lands," are trust lands and moneys, to be applied, exclusively, as provided in s. 24.80.History:  1981 c. 169; Stats. 1981 s. 24.79; 1999 a. 83.
WI Stat § 24.80 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.80 - Normal school fund.

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. 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). History:  1979 c. 34; 1981 c. 169; 1981 c. 391 s. 210; Stats. 1981 s. 24.80; 1983 a. 192; 1989 a. 31; 2009 a. 28; 2011 a. 32.
WI Stat § 24.81 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.81 - University fund.

24.81  University fund. All moneys accruing to the state under article X, section 6, of the constitution, and all other moneys paid into the state treasury on account of the capital of the university fund, constitute the university fund, which is a separate and perpetual fund. University 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).History:  1979 c. 34; 1981 c. 169; Stats. 1981 s. 24.81; 1983 a. 192; 1989 a. 31.
WI Stat § 24.82 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 24 - Public domain and the trust funds.|24.82 - Agricultural college fund.

24.82  Agricultural college fund. All moneys derived from the sale of the lands and land scrip accruing to the state by virtue of the act of congress approved July 2, 1862, entitled “an act donating public lands to the several states and territories which may provide colleges for the benefit of agricultural and the mechanic arts," and income and interest received on account of the capital of the agricultural college fund, constitute the agricultural college fund, which is a separate and perpetual fund and shall remain forever undiminished. Agricultural college 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). If this fund is by any action or contingency impaired, a state tax is hereby levied sufficient to replace the same, to be collected with the state taxes for the next ensuing year and paid into this fund.History:  1979 c. 34; 1981 c. 169; Stats. 1981 s. 24.82; 1989 a. 31.
WI Stat § 25.01 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 25 - Trust funds and their management.|25.01 - Definition.

25.01  Definition. In this chapter, unless the context requires otherwise, “board" means the investment board.History:  1999 a. 83.
WI Stat § 25.15 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 25 - Trust funds and their management.|25.15 - Board; purpose and standard of responsibility.

25.15  Board; purpose and standard of responsibility. (1) Purpose. The purpose of the board is to provide professional investment management of trusts, operating funds and capital funds established by law. It is the intent of the legislature that the board be an independent agency of the state which is to manage money and property for the state, its agencies and trust funds. The goal of board management shall be towards accomplishing the purpose of each trust or fund. (2)  Standard of responsibility. Except as provided in s. 25.17 (2) and (3) (c), the standard of responsibility applied to the board when it manages money and property shall be all of the following:(a) To manage the money and property with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a similar capacity, with the same resources, and familiar with like matters exercises in the conduct of an enterprise of a like character with like aims.(b) To diversify investments in order to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so, considering each trust's or fund's portfolio as a whole at any point in time.(c) To administer assets of each trust or fund solely for the purpose of ensuring the fulfillment of the purpose of each trust or fund at a reasonable cost and not for any other purpose. (3)  Exemption. Sections 112.11 and 881.01 do not apply to investments by the board. (4)  Investments within standard of responsibility. Investments in reverse annuity mortgages may not be presumed to violate the standard of responsibility under sub. (2). (5)  Commissions. All records of commissions paid by the board for purchases and sales of investments are open to public inspection, except those relating to investments made or considered by the board in securities of entities that are in the venture capital stage. History:  1983 a. 27; 1989 a. 31, 359; 1999 a. 83; 2001 a. 7; 2007 a. 212; 2009 a. 33; 2011 a. 32.The Investment Board has the power to make investments that meet the standard of prudence under s. 25.15 (2), even if those investments are not specifically listed in ch. 25. Prior to making investments other than the types enumerated in ch. 25, the board is not required to make a threshold finding that investing solely in the “legal list" would not meet the standard of prudence. The statutory standard for prudence remains the same whether the board is investing in an enumerated investment, or one that is not enumerated. Because the standard of prudence, however, takes into account the trustees' powers to manage the funds, the board's expanded powers are a relevant factor in evaluating whether the board has met that standard. OAG 11-08.
WI Stat § 25.156 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 25 - Trust funds and their management.|25.156 - Powers and duties of members of the board.

25.156  Powers and duties of members of the board. (1) The members of the board shall be the governing body of the board and shall promulgate rules and formulate policies considered necessary and appropriate to carry out its functions. (2) The board shall employ an executive director, who shall serve outside the classified service. The executive director shall be qualified by training and prior experience to manage, administer and direct the investment of funds. The board shall fix the compensation of the executive director and may award bonus compensation. (2m) The board shall employ an internal auditor, who shall serve outside the classified service. The board shall fix the compensation of the internal auditor. (3) The members of the board shall appoint an investment director or the executive assistant to the executive director, internal auditor, chief investment officer, chief financial officer, chief legal counsel or chief risk officer to act as assistant director, except that until the appointment is made by the members of the board, the executive director may temporarily designate the assistant director. (4) The members of the board shall promulgate rules restricting the executive director, executive assistant to the executive director, internal auditor, chief investment officer, chief financial officer, chief legal counsel, chief risk officer, investment directors and employees from having financial interest, directly or indirectly, in firms or corporations providing services to the department and governing the receipt of gifts or favors therefrom, and also governing personal investments of all employees including the executive director, executive assistant to the executive director, internal auditor, chief investment officer, chief financial officer, chief legal counsel, chief risk officer and investment directors to prevent conflicts of interest. (5) The members of the board shall be the trustees of the state investment fund. (8) The board shall keep full minutes of its proceedings. (9) The chairperson of the board shall appear at least annually before any committee established in the senate, whose jurisdiction includes financial institutions, if that committee so requests.History:  1979 c. 110; 1985 a. 332 s. 251 (1), (6); 1987 a. 399; 1991 a. 39; 1995 a. 274; 1997 a. 27, 35; 1999 a. 9, 83, 186.The board lacks authority to place one of its members or employees on the board of directors of a private corporation. 75 Atty. Gen. 213.
WI Stat § 25.165 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 25 - Trust funds and their management.|25.165 - Internal auditor.

25.165  Internal auditor. (1) There is created in the board an internal audit subunit, under the supervision of the internal auditor. The internal auditor shall report directly to the board and shall appoint all employees necessary to carry out the duties of the internal auditor. The internal auditor shall appoint all employees outside the classified service. The internal auditor shall fix the compensation of all employees appointed by the internal auditor, but the board may provide for bonus compensation to employees. (2) The internal auditor may review any activity, information or investment of the board and have access to records of the board and any external party under contract with the board and shall do all of the following:(a) Plan and conduct audit activities, risk assessments, research projects and management reviews under the direction of the board and in accordance with policies, principles and directives determined by the board.(b) Coordinate and assist with external audits and reviews of the board.(c) Monitor for compliance with applicable legal requirements and with the board's contractual agreements any bank, savings and loan association, savings bank or credit union with which the board has entered into a custodial agreement under s. 25.17 (11); any investment advisers with which the board has contracted to manage and control board assets under s. 25.18 (2) (e); and any other external parties with which the board has contracted to provide investment services to the board.History:  1995 a. 274; 1999 a. 9, 83, 186; 2011 a. 32.
WI Stat § 25.167 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 25 - Trust funds and their management.|25.167 - Chief investment officer.

25.167  Chief investment officer. Under the supervision of the executive director, the chief investment officer shall do all of the following: (1) Monitor activities of the investment directors for compliance with the board's investment policies and guidelines in investment decisions and approve unusual transactions, as defined by the board. (2) Develop and implement operating procedures that are intended to ensure that the investment policies and guidelines of the board are followed. (3) Ensure that investments are completely and accurately reported on all management and financial reports and that any information requested by the board is provided to the board on a timely basis.History:  1995 a. 274.
WI Stat § 25.182 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 25 - Trust funds and their management.|25.182 - Management authority for certain funds.

25.182  Management authority for certain funds. In addition to the management authority provided under any other provision of law, and notwithstanding any limitation on the board's management authority provided under any other provision of law, the board shall have authority to manage the money and property of the core retirement investment trust and, subject to s. 25.17 (5), the variable retirement investment trust in any manner that does not violate the standard of responsibility specified in s. 25.15 (2). History:  2007 a. 212.The Investment Board has the power to make investments that meet the standard of prudence under s. 25.15 (2), even if those investments are not specifically listed in ch. 25. Prior to making investments other than the types enumerated in ch. 25, the board is not required to make a threshold finding that investing solely in the “legal list" would not meet the standard of prudence. The statutory standard for prudence remains the same whether the board is investing in an enumerated investment, or one that is not enumerated. Because the standard of prudence, however, takes into account the trustees' powers to manage the funds, the board's expanded powers are a relevant factor in evaluating whether the board has met that standard. OAG 11-08.
WI Stat § 25.184 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 25 - Trust funds and their management.|25.184 - Confidentiality of venture capital investment information.

25.184  Confidentiality of venture capital investment information. Information relating to investments made or considered by the board in securities of entities that are in the venture capital stage are not subject to public inspection, copying, or disclosure under s. 19.35 unless the information has been publicly released by another person. History:  2011 a. 32.
WI Stat § 25.185 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 25 - Trust funds and their management.|25.185 - Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

25.185  Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms. (1) In this section:(a) “Disabled veteran-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.283 (3). (b) “Disabled veteran-owned investment firm" means an investment firm certified by the department of administration under s. 16.283 (3). (c) “Minority financial adviser" means a financial adviser certified by the department of administration under s. 16.287 (2). (d) “Minority investment firm" means an investment firm certified by the department of administration under s. 16.287 (2).  (2) (a) The board shall attempt to ensure that 5 percent of the total funds expended for financial and investment analysis and for common stock and convertible bond brokerage commissions in each fiscal year is expended for the services of minority financial advisers or minority investment firms.(b) The board shall attempt to ensure that at least 1 percent of the total funds expended for financial and investment analysis and for common stock and convertible bond brokerage commissions in each fiscal year is expended for the services of disabled veteran-owned financial advisers or disabled veteran-owned investment firms.  (3) The board shall annually report to the department of administration the total amount of moneys expended under sub. (2) for common stock and convertible bond brokerage commissions, the services of minority and disabled veteran-owned financial advisers, and the services of minority and disabled veteran-owned investment firms during the preceding fiscal year.History:  1987 a. 27; 1995 a. 27 s. 9116 (5); 1999 a. 83; 2009 a. 299; 2011 a. 32; 2011 a. 260 s. 80; 2013 a. 192.