AB 1039

This bill transfers the following duties and functions back to the Office of the

State Treasurer (state treasurer) after having been transferred from that office at

various times, as indicated below:

1. Cash management functions. In

2003 Wisconsin Act 33

, the state's cash

management functions and related duties were transferred from the state treasurer

to the Department of Administration. This bill transfers those functions and related

duties back to the state treasurer.

2. Local government investment pool. The local government

pooled-investment fund (fund) consists of moneys placed in the state investment

fund by local governmental units.

2011 Wisconsin Act 32

transferred the state

treasurer's duties relating to the fund, including prescribing the mechanisms and

procedures for deposits and withdrawals into and from the fund, to DOA. This bill

transfers those duties back to the state treasurer.

3. Unclaimed property program.

2013 Wisconsin Act 20

transferred the state's

unclaimed property program from the state treasurer to the Department of Revenue.

This bill transfers the program back to the state treasurer.

4. College savings programs.

2011 Wisconsin Act 32

attached the College

Savings Program Board, which had previously been attached to the state treasurer,

to DOA. That board administers the EdVest program, which is a college savings plan

established to enable families to contribute moneys to accounts for the college

expenses of dependents. This bill reattaches the College Savings Program Board to

the state treasurer and requires the state treasurer to administer the state's other

college savings program, which was also transferred from the state treasurer to DOA

under

2011 Wisconsin Act 32

.

5. Administrative services. The bill transfers to the state treasurer the duty

to provide administrative services to the Board of Commissioners of Public Lands.

Currently, DOA provides those services, but the state treasurer had previously done

so.