24.62 Expenses.
(1) Except as authorized in sub. (2), the board shall deduct its expenses incurred in administering investments and loans under s. 24.61 from the gross receipts of the fund to which the interest and income of the investment or loan will be added.
(2) The board may charge its expenses incurred in the sale of a state trust fund loan or participation therein under s. 24.69 to the purchaser of the loan or participation, or may deduct the expenses from the gross receipts of the fund to which the interest and income of the loan or participation will be added, or both. If the board sells any state trust fund loan or participation therein under s. 24.69 in any fiscal year, the board shall, no later than October 1 following that fiscal year, prepare and file in its office a report which identifies in detail the board's expenses incurred during that fiscal year that are directly attributable to the sale of state trust fund loans and participations under s. 24.69.
(3) If any land purchased under s. 24.61 (2) (a) on or after July 14, 2015, or acquired in an exchange under s. 24.09 on or after July 14, 2015, was at the time of the purchase or acquisition subject to assessment or levy of a real property tax or subject to an obligation to make state or federal payments in lieu of taxes, the board shall make annual payments in lieu of property taxes from the appropriation under s. 20.507 (1) (c) to the appropriate local governmental unit in an amount equal to the property taxes levied on the land, or equal to the state or federal payments in lieu of taxes made with respect to the land, in the year prior to the year in which the board purchased or acquired the land.
History: 1979 c. 34; 1981 c. 169; Stats. 1981 s. 24.62; 1989 a. 31; 2005 a. 352; 2015 a. 55, 60; 2017 a. 366; 2021 a. 58.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 24 - Public domain and the trust funds.
24.01 - Definitions and classification.
24.02 - Addition to the public lands.
24.04 - Administrative receipts and disbursements.
24.07 - Sale of land with water power.
24.09 - Procedure before sale or exchange; withdrawal; resale.
24.12 - Forfeit for failure to pay.
24.14 - Rights of swampland purchasers.
24.145 - State-owned swamplands; proceeds; disposition.
24.16 - Applications for private sale.
24.17 - Receipt and certificate.
24.18 - Entry of sale and patent.
24.20 - Payments and accounts.
24.21 - Accounts with purchasers.
24.22 - Excessive payments to be refunded.
24.24 - Effect of certificate.
24.25 - Issuance and record of patent.
24.251 - Patents, issuance; county may record.
24.27 - Purchase money a loan.
24.30 - Liability of former purchaser.
24.31 - Advertisement and resale of forfeited lands.
24.32 - Resale and redemption.
24.33 - Resale may be canceled.
24.341 - Offset to refund on void sales.
24.35 - Annulment of certificates and patents.
24.355 - Limitation of actions.
24.36 - Lost certificates and patents.
24.39 - Leases of public lands.
24.40 - Easements; annexation.
24.53 - Investigate land claims; deduct expenses.
24.54 - Records; copies as evidence.
24.55 - Executive secretary; deputy; staff; appointments; duties; oath.
24.59 - Sale of public lands to state under Warren Knowles-Gaylord Nelson stewardship 2000 program.
24.605 - Accounts in trust funds for deposit of proceeds from sale of certain lands.
24.61 - Authorized investments and loans.
24.63 - Term, amount, interest rate.
24.64 - Reimbursements for certain administrative services.
24.65 - Date when interest and principal become due.
24.67 - Certificates of indebtedness.
24.68 - Payment of state trust fund loans.
24.69 - Sale of state trust fund loans.
24.70 - Collection from borrowers other than school districts.
24.71 - Collections from school districts.
24.715 - Collections from federated public library systems.
24.716 - Collections from drainage districts.
24.717 - Collections from local professional baseball park districts.
24.718 - Collections from local exposition districts.
24.74 - Duty of attorney general and revenue department.
24.75 - Interest, how accounted for.
24.77 - Common school fund income.