16.295 (4) (a) (intro.) Subject to sub. (3), the department shall contract with the investment manager. The contract shall establish the investment manager’s compensation, including any management fee. Any management fee may not exceed, annually the following:
1. Annually, for no more than 4 years, 1 percent of the total moneys designated under sub. (5) (b) 1. and raised under sub. (5) (b) 3.
19,25Section 25. 16.295 (4) (a) 2. of the statutes is created to read: 16.295 (4) (a) 2. Annually, 1 percent of the total moneys designated under sub. (5) (b) 4. for no more than 4 years.
19,26Section 26. 16.295 (5) (am) of the statutes is created to read: 16.295 (5) (am) In fiscal year 2023-24, the department shall pay to the investment manager $25,000,000.
19,27Section 27. 16.295 (5) (b) 4. of the statutes is created to read: 16.295 (5) (b) 4. The moneys under par. (am).
19,28Section 28. 16.295 (5) (c) 2. of the statutes is amended to read: 16.295 (5) (c) 2. Of the moneys designated under par. (b) 1., 2. and 3., the investment manager shall commit at least one-half of those moneys to investments in venture capital funds within 12 months after the date the investment manager executes the contract under sub. (4) (a), and the investment manager shall commit all of those moneys to investments in venture capital funds within 24 months after that date.
19,29Section 29. 16.295 (5) (c) 3. of the statutes is created to read: 16.295 (5) (c) 3. Of the moneys designated under par. (b) 4., the investment manager shall commit all of those moneys to investments in venture capital funds headquartered in this state within 24 months after the date the investment manager receives the moneys.
19,30Section 30. 16.295 (5) (d) 1. of the statutes is amended to read: 16.295 (5) (d) 1. Make new investments in an amount equal to the moneys it receives under par. (b) in one or more businesses that are headquartered in this state and employ at least 50 percent of their full-time employees, including any subsidiary or other affiliated entity, in this state, and invest at least one-half of those moneys in one or more businesses that employ fewer than 150 full-time employees, including any subsidiary or other affiliated entity, when the venture capital fund first invests moneys in the business under this section. The venture capital fund’s contract with a business in which the venture capital fund makes an investment under this subdivision shall require that, if within 3 years after the venture capital fund makes that investment, the business relocates its headquarters outside of this state or fails to employ at least 50 percent of its full-time employees, including any subsidiary or other affiliated entity, in this state, the business shall promptly pay to the venture capital fund an amount equal to the total amount of moneys designated under par. (b) 1. and 4. that the venture capital fund invested in the business. The venture capital fund shall reinvest those moneys in one or more businesses that are eligible to receive an investment under this subdivision, subject to the requirements of this section.
Section 31. 16.295 (6) (d) of the statutes is created to read: 16.295 (6) (d) The investment manager shall hold in an escrow account its gross proceeds from all investments of the moneys designated under sub. (5) (b) 4. until the investment manager satisfies par. (e).
19,32Section 32. 16.295 (6) (e) of the statutes is created to read: 16.295 (6) (e) At least annually, the investment manager shall pay any moneys held under par. (d) to the secretary for deposit into the general fund until the investment manager has paid a total of $25,000,000 under this paragraph.
19,33Section 33. 16.295 (6) (f) of the statutes is created to read: 16.295 (6) (f) After the investment manager satisfies par. (e), the investment manager shall pay 90 percent of its gross proceeds from investments of the moneys designated under sub. (5) (b) 4. to the secretary for deposit into the general fund.
19,34Section 34. 16.295 (7) (c) 2. of the statutes is amended to read: 16.295 (7) (c) 2. An identification of each business in which a venture capital fund held an investment of moneys the venture capital fund received under sub. (5) (b) and a statement of the amount of the investment in each business that separately specifies the amount of moneys designated under sub. (5) (b) 1. or 4. that were contributed to the investment.
Section 35. 16.295 (8) (intro.) of the statutes is amended to read: 16.295 (8) Progress reports. (intro.) In 2015 and, 2018, and 2024, no later than March 1, the department shall submit reports to the joint committee on finance that include all of the following: 19,36Section 36. 16.51 (7) of the statutes is amended to read: 16.51 (7) Audit claims for expenses in connection with prisoners and juveniles in juvenile correctional facilities. Receive, examine, determine, and audit claims, duly certified and approved by the department of corrections, from the county clerk of any county in, city, village, or town on behalf of the county, city, village, or town, which are presented for payment to reimburse the county reimbursement for certain expenses incurred or paid by it in reference to all matters growing out of actions and proceedings involving prisoners in state prisons, as defined in s. 302.01, or juveniles in juvenile correctional facilities, as defined in s. 938.02 (10p), including prisoners or juveniles transferred to a mental health institute for observation or treatment, when the. The department shall reimburse under this subsection a county in which a state prison or juvenile correctional facility is located for expenses relating to actions or proceedings involving a prisoner in the state prison or a juvenile in the juvenile correctional facility that are commenced in counties in which the prisons or juvenile correctional facilities are located by a district attorney or by the prisoner or juvenile as a postconviction remedy or a matter involving the prisoner’s status as a prisoner or the juvenile’s status as a resident of a juvenile correctional facility and for certain expenses incurred or paid by it the county in reference to holding those juveniles in secure custody while those actions or proceedings are pending. The department shall reimburse on a quarterly basis a county, city, village, or town under this subsection for expenses relating to law enforcement investigative services that it provided for an incident involving a prisoner in a state prison or a juvenile in a juvenile correctional facility within its jurisdiction. Expenses shall only include the amounts that were necessarily incurred and actually paid and shall be no more than the legitimate cost would be to any other county jurisdiction had the offense or crime occurred therein.
19,37Section 37. 16.5185 (3) of the statutes is created to read: 16.5185 (3) On December 30, 2024, and on each December 30 thereafter, the secretary shall transfer from the local government fund to the transportation fund $8,000,000.
19,38Section 38. 16.5185 (4) of the statutes is created to read: 16.5185 (4) Beginning on June 30, 2024, in each fiscal year, there is transferred from the general fund to the transportation fund the amount shown for the transfer in the general fund summary schedule of the biennial budget act for EV sales tax.
19,39Section 39. 16.5186 of the statutes is created to read: 16.5186 Transfers involving the local government fund. (1) On July 1, 2024, the secretary shall transfer from the general fund to the local government fund the amount specified under s. 25.491 (1) (a).
(2) Beginning in fiscal year 2024-25, on the 2nd Monday in July in each fiscal year, the secretary shall transfer from the general fund to the local government fund 15 percent of the amount specified under s. 25.491 (1) (b) and (c). On the 2nd Monday in November in each fiscal year, the secretary shall transfer from the general fund to the local government fund 85 percent of the amount specified under s. 25.491 (1) (b) and (c).
(3) On June 30, 2025, and on each June 30 thereafter, the secretary shall transfer the unencumbered balance of the local government fund other than amounts credited to the innovation account of the local government fund under s. 25.491 (10) and the innovation planning grants account under s. 25.491 (11) in excess of 0.1 percent of the amounts deposited under s. 25.491 (1) (b) and (c) during that fiscal year, from the local government fund to the general fund. 19,40Section 40. 16.855 (1m) of the statutes is amended to read: 16.855 (1m) The department shall let by contract to the lowest qualified responsible bidder all construction work when the estimated construction cost of the project exceeds $50,000, except for construction work authorized under s. 16.858 and except as provided in sub. (1r) or (10m) or s. 13.48 (19). Beginning in fiscal year 2023-24, this amount is $100,000. If factors other than dollar amounts are required to be evaluated for a project, the department shall specify a formula that will convert the other factors into a dollar value for comparison.
19,41Section 41. 16.855 (2) (intro.) of the statutes is amended to read: 16.855 (2) (intro.) Except for projects authorized under s. 16.858, whenever the estimated construction cost of a project exceeds $50,000 or, beginning in fiscal year 2023-24, $100,000, or if less and in the best interest of the state, the department shall:
19,42Section 42. 16.855 (14) (am) of the statutes is amended to read: 16.855 (14) (am) Except as provided in sub. (14s) and s. 13.48 (19), the department shall let all construction projects that exceed $300,000 through single prime contracting. Beginning in fiscal year 2023-24, this amount is $600,000. The department may not request or accept any alternate bids when letting a construction project through single prime contracting.
19,43Section 43. 16.855 (14s) (a) of the statutes is amended to read: 16.855 (14s) (a) The department may let any construction project that exceeds $300,000 to a single trade contractor for all work on the project if at least 85 percent of the estimated construction cost of the project is for work that involves the trade that is the primary business of the single trade contractor. Beginning in fiscal year 2023-24, this amount is $600,000.
19,44Section 44. 16.855 (22) of the statutes is amended to read: 16.855 (22) The provisions of this section, except sub. (10m), do not apply to construction work for any project involving a cost of not more than $300,000 if the project is constructed in accordance with policies and procedures prescribed by the building commission under s. 13.48 (29). Beginning in fiscal year 2023-24, this amount is $600,000. If the estimated construction cost of any project, other than a project exempted under sub. (12m), is at least $50,000, and the building commission elects to utilize the procedures prescribed under s. 13.48 (29) to construct the project, the department shall provide adequate public notice of the project and the procedures to be utilized to construct the project on a publicly accessible computer site. Beginning in fiscal year 2023-24, this amount is $100,000.
19,45Section 45. 16.87 (3) of the statutes is amended to read: 16.87 (3) Except as provided in sub. (4), a contract under sub. (2) is not valid or effectual for any purpose until it is endorsed in writing and approved by the secretary or the secretary’s designee and, if the contract involves an expenditure over $300,000 $600,000, approved by the governor. Except as provided in sub. (4), no payment or compensation for work done under any contract involving $2,500 or more, except a highway contract, may be made unless the written claim is audited and approved by the secretary or the secretary’s designee. Any change order to a contract requiring approval under this subsection requires the prior approval by the secretary or the secretary’s designee and, if the change order involves an expenditure over $300,000 $600,000, the approval of the governor.
19,46Section 46. 16.971 (9) of the statutes is amended to read: 16.971 (9) In conjunction with the public defender board, the director of state courts, the departments of corrections and justice, and district attorneys, the department may maintain, promote, and coordinate automated justice information systems that are compatible among counties and the officers and agencies specified in this subsection, using the moneys appropriated under s. 20.505 (1) (dm), (kh), and (kq). The department shall annually report to the legislature under s. 13.172 (2) concerning the department’s efforts to improve and increase the efficiency of integration of justice information systems.
19,47Section 47. 16.9945 of the statutes is repealed. 19,48Section 48. 18.08 (7) of the statutes is created to read: 18.08 (7) (a) Notwithstanding sub. (3), moneys transferred under 2023 Wisconsin Act .... (this act), section 9251 (1), cannot be commingled with other moneys in the capital improvement fund and all earnings on or income from investments of the moneys transferred under 2023 Wisconsin Act .... (this act), section 9251 (1), and all excess moneys so transferred that are not used to fund building projects authorized in the 2023-25 Authorized State Building Program, shall be deposited into or transferred to the general fund.
19,49Section 49. 20.005 (1) of the statutes is repealed and recreated to read: 20.005 (1) Summary of all funds. The budget governing fiscal operations for the state of Wisconsin for all funds beginning on July 1, 2023, and ending on June 30, 2025, is summarized as follows: [See Figure 20.005 (1) following]
Figure: 20.005 (1)
GENERAL FUND SUMMARY
SUMMARY OF APPROPRIATIONS — ALL FUNDS
SUMMARY OF COMPENSATION RESERVES — ALL FUNDS
LOTTERY FUND SUMMARY
19,50Section 50. 20.005 (2) of the statutes is repealed and recreated to read: 20.005 (2) State borrowing program summary. The following schedule sets forth the state borrowing program summary: [See Figures 20.005 (2) (a) and (b) following]
Figure: 20.005 (2) (a)
SUMMARY OF BONDING AUTHORITY MODIFICATIONS
2023–25 FISCAL BIENNIUM
Figure: 20.005 (2) (b)
GENERAL OBLIGATION DEBT SERVICE
FISCAL YEARS 2023–24 AND 2024–25
19,51Section 51. 20.005 (3) of the statutes is repealed and recreated to read: 20.005 (3) Appropriations. The following schedule sets forth all annual, biennial, and sum certain continuing appropriations and anticipated expenditures from other appropriations for the programs and other purposes indicated. All appropriations are made from the general fund unless otherwise indicated. The letter abbreviations shown designating the type of appropriation apply to both fiscal years in the schedule unless otherwise indicated. [See Figure 20.005 (3) following]
Figure: 20.005 (3)
19,52Section 52. 20.115 (2) (q) of the statutes is amended to read: 20.115 (2) (q) Animal health inspection, testing, administration of the livestock premises registration program, and enforcement. From the agrichemical management fund, the amounts in the schedule for animal health inspection and testing, for the administration of the livestock premises registration program under s. 95.51, and for enforcement of animal health laws.
19,53Section 53. 20.115 (4) (k) of the statutes is created to read: 20.115 (4) (k) Tribal elder community food box program. The amounts in the schedule for the tribal elder community food box program under s. 93.485. All moneys transferred from the appropriation account under s. 20.505 (8) (hm) 4k. shall be credited to this appropriation account. Notwithstanding s. 20.001 (3) (c), the unencumbered balance on June 30 of each year shall revert to the appropriation account under s. 20.505 (8) (hm).
Section 54. 20.145 (1) (km) of the statutes is repealed. 19,55Section 55. 20.155 (3) (t) of the statutes is amended to read: 20.155 (3) (t) Police and fire protection 911 fee administration. From the police and fire protection 911 fund, the amounts in the schedule for the costs of administering s. 196.025 (6).
19,60Section 60. 20.192 (1) (bd) of the statutes is created to read: 20.192 (1) (bd) Opportunity attraction and promotion. As a continuing appropriation, the amounts in the schedule for expenditures to attract opportunities and events to this state.
19,61Section 61. 20.192 (1) (bn) of the statutes is created to read:
