24.69 Sale of state trust fund loans.
(1) The board may sell state trust fund loans or participations therein, and may contract to do so at a future date, for such price, upon such other terms and in such manner as the board may determine. The sale may be to any person, including, without limitation, a trust or other investment vehicle created for the purpose of attracting private investment capital. The board shall remit the proceeds of the sale to the secretary of administration for deposit in the appropriate trust fund and shall invest the proceeds in accordance with s. 24.61.
(2) Before entering into the sale of any state trust fund loan, the board shall refer the terms of the proposed sale to the investment board for its recommendations.
(3) The board may agree to administer any state trust fund loan so sold or participated, and, in connection therewith, may exercise the collection powers and procedures set forth in ss. 24.70 and 24.71 and may agree to repurchase any such state trust fund loan or participation upon the occurrence of a default thereon or upon the occurrence of other events specified in the sale agreement.
(4) The board shall invest the proceeds of the sale of trust fund loans or participations therein in a manner that, to the greatest extent practicable, will ensure the safety of the principal.
History: 1989 a. 31; 2003 a. 33.
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.