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Bills · 2013-2014 Regular Session

SB 540

Became law Official bill text Atom feed

Relating to: authorizing a school board to create a capital improvement trust fund. (FE)

School — Board School — Finance Trust fund Unemployment

  1. Introduced, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill authorizes a school board that has approved a long-term capital

improvement plan that is for a minimum of 10 years to establish a trust fund for the

purpose of financing the capital improvements included in the long-term plan. The

bill prohibits a school board from spending any money deposited in the trust fund for

a period of five years from the date the trust fund is created. After the initial

five-year period, a school board may spend money in the trust fund only for the

purposes described in the school board's long-term plan. Additionally, a school board

is expressly prohibited from transferring money in the trust fund to any other school

district fund. Finally, the bill specifies that, for purposes of calculating equalization

aid, money deposited in a long-term capital improvement trust fund is counted as

a shared cost at the time the money is deposited in the trust fund and is not a shared

cost at the time the money is expended from the trust fund.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Lehman (D) , Olsen (R)

5 cosponsors

Barca (D) , Knodl (R) , Loudenbeck (R) , Schraa (R) , Strachota (R)

Votes

Senate: Report passage recommended by Committee on Education, Ayes 9, Noes 0

Passed 9–0 Feb 14, 2014 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Feb 3, 2014 · Senate

    Introduced by Senators Olsen and Lehman; cosponsored by Representatives Strachota, Loudenbeck, Knodl and Schraa

  2. Feb 3, 2014 · Senate

    Read first time and referred to Committee on Education

  3. Feb 6, 2014 · Senate

    Public hearing held

  4. Feb 13, 2014 · Senate

    Executive action taken

  5. Feb 14, 2014 · Senate

    Report passage recommended by Committee on Education, Ayes 9, Noes 0

  6. Feb 14, 2014 · Senate

    Available for scheduling

  7. Feb 19, 2014 · Senate

    Fiscal estimate received

  8. Mar 7, 2014 · Senate

    Placed on calendar 3-11-2014 pursuant to Senate Rule 18(1)

  9. Mar 11, 2014 · Senate

    Rules suspended

  10. Mar 11, 2014 · Senate

    Read a third time and passed

  11. Mar 11, 2014 · Senate

    Ordered immediately messaged

  12. Mar 11, 2014 · Senate

    Read a second time

  13. Mar 11, 2014 · Senate

    Ordered to a third reading

  14. Mar 12, 2014 · Assembly

    Received from Senate

  15. Mar 12, 2014 · Assembly

    Read first time and referred to committee on Rules

  16. Mar 12, 2014 · Assembly

    Placed on calendar 3-18-2014 by Committee on Rules

  17. Mar 18, 2014 · Assembly

    Rules suspended to withdraw from calendar of 3-18-2014 and take up

  18. Mar 18, 2014 · Assembly

    Read a second time

  19. Mar 18, 2014 · Assembly

    Ordered to a third reading

  20. Mar 18, 2014 · Assembly

    Rules suspended

  21. Mar 18, 2014 · Assembly

    Read a third time and concurred in

  22. Mar 18, 2014 · Assembly

    Representative Barca added as a cosponsor

  23. Mar 18, 2014 · Assembly

    Ordered immediately messaged

  24. Mar 19, 2014 · Senate

    Received from Assembly concurred in

  25. Mar 25, 2014 · Senate

    Report correctly enrolled

  26. Apr 22, 2014 · Senate

    Presented to the Governor on 4-22-2014

  27. Apr 24, 2014 · Senate

    Report approved by the Governor on 4-23-2014. 2013 Wisconsin Act 336

  28. Apr 24, 2014 · Senate

    Published 4-24-2014