120.137 Long-term capital improvement trust fund.
(1) In this section, a “long-term capital improvement plan" is a capital improvement plan for at least a 10-year period.
(2) A school board that has approved a long-term capital improvement plan may create a long-term capital improvement trust fund for the purpose of financing the costs of the capital improvements included in the school board's approved long-term capital improvement plan.
(3)
(a) A school board may not expend money deposited in a long-term capital improvement trust fund created under sub. (2) for a period of 5 years beginning on the date the trust fund is created.
(b) After the 5-year period described in par. (a), a school board may make expenditures from a long-term capital improvement trust fund solely for the purposes described in the school board's approved long-term capital improvement plan and may not transfer money from a long-term capital improvement trust fund to any other school district fund.
History: 2013 a. 336.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 120 - School district government.
120.01 - Number of school board members.
120.02 - Method of changing number, apportionment or election of school board members.
120.05 - School board officials.
120.06 - Election of school board members.
120.07 - School board member; refusal of salary.
120.08 - School district meetings.
120.09 - Consideration of special subject.
120.10 - Powers of annual meeting.
120.11 - School board meetings and reports.
120.115 - Report on debt service.
120.123 - School and school district accountability reports.
120.125 - Before- and after-school child care.
120.135 - Capital improvement fund.
120.137 - Long-term capital improvement trust fund.
120.14 - Audit of school district accounts.
120.15 - School district president; duties.
120.16 - School district treasurer; duties.
120.17 - School district clerk; duties.
120.18 - Annual school district report.
120.20 - School board members; compatible positions.
120.21 - School board contracts for courses.
120.25 - School board cooperation in acquiring school facilities.
120.41 - Composition of school board.
120.42 - Election of school board members.
120.43 - School board meetings.