SB1036,1 Section 1. 20.144 (1) (g) of the statutes is amended to read:

SB1036,,6 20.144 (1) (g) General program operations. The amounts in the schedule for the general program operations of the department of financial institutions. Except as provided in pars. (a), (h), (i), (j), and (u) and sub. subs. (3) and (5), all moneys received by the department, other than by the office of credit unions and the division of banking, and 88 percent of all moneys received by the office of credit unions and the department’s division of banking shall be credited to this appropriation, but any balance at the close of a fiscal year under this appropriation shall lapse to the general fund. Annually, $150,000 of the amounts received under this appropriation account shall be transferred to the appropriation account under s. 20.575 (1) (g).

SB1036,2 Section 2. 20.144 (5) (title) of the statutes is created to read:

SB1036,,8 20.144 (5) (title) Baby bond program.

SB1036,3 Section 3. 20.144 (5) (a) of the statutes is created to read:

SB1036,,10 20.144 (5) (a) Administrative expenses. A sum sufficient for the administrative expenses of the baby bond program under s. 224.58.

SB1036,4 Section 4. 20.144 (5) (c) of the statutes is created to read:

SB1036,,12 20.144 (5) (c) Deposits into baby bond fund. A sum sufficient for deposits into the baby bond fund as provided in s. 224.58 (3) (b) 2.

SB1036,5 Section 5. 20.144 (5) (j) of the statutes is created to read:

SB1036,,14 20.144 (5) (j) Donations, gifts, and grants. All moneys received from donations, gifts, grants, bequests, or other contributions to the baby bond program under s. 224.58, to carry out the purpose for which received, including deposit into the baby bond fund.

SB1036,6 Section 6. 20.144 (5) (q) of the statutes is created to read:

SB1036,,16 20.144 (5) (q) Payment of distributions; crediting accounts. From the baby bond fund, a sum sufficient for the payment of distributions under s. 224.58 (4) and to credit accounts under s. 224.58 (3) (b) 2.

SB1036,7 Section 7. 25.14 (1) (a) 20. of the statutes is created to read:

SB1036,,18 25.14 (1) (a) 20. The baby bond fund.

SB1036,8 Section 8. 25.17 (1) (aL) of the statutes is created to read:

SB1036,,20 25.17 (1) (aL) Baby bond fund (s. 25.32);

SB1036,9 Section 9. 25.17 (3) (a) of the statutes is amended to read:

SB1036,,22 25.17 (3) (a) Invest the core retirement investment trust, baby bond fund, state life fund, local government property insurance fund, veterans trust fund, and injured patients and families compensation fund in loans, securities, and any other investments authorized by s. 620.22, and in bonds or other evidences of indebtedness or preferred stock of companies engaged in the finance business whether as direct lenders or as holding companies owning subsidiaries engaged in the finance business. Investments permitted by sub. (4) are permitted investments under this subsection.

SB1036,10 Section 10. 25.18 (1) (q) of the statutes is created to read:

SB1036,,24 25.18 (1) (q) Invest any of the assets of the baby bond fund in any investment that is an authorized investment for assets in the variable retirement investment trust under s. 25.17 (5).

SB1036,11 Section 11. 25.32 of the statutes is created to read:

SB1036,,26 25.32 Baby bond fund. (1) There is established a separate nonlapsible trust fund designated as the baby bond fund. The fund shall consist of all of the following:

SB1036,,27 (a) Money deposited into the fund under s. 224.58 (3) (b) 2.

SB1036,,28 (b) All donations, gifts, grants, bequests, or other contributions deposited into the fund under s. 224.58 (6).

SB1036,,29 (c) All earnings and other investment income of the fund.

SB1036,,30 (2) Except as provided in s. 25.187, moneys in the baby bond fund may be expended only for the purpose of making distributions under s. 224.58 (4) and deposits under s. 224.58 (3) (b) 2.

SB1036,12 Section 12. 69.14 (1) (a) of the statutes is amended to read:

SB1036,,32 69.14 (1) (a) Filing deadline. A record of birth for every birth that occurs in this state shall be filed within 5 days after the birth with the state registrar, who shall register the birth under this subchapter. The state registrar shall submit a copy of the record of birth to the department of financial institutions, but shall redact from the copy any parent’s social security number.

SB1036,13 Section 13. 69.20 (3) (b) 6. of the statutes is created to read: