Assembly Bill 229
Investment of surplus money by local units of government. (FE)
Became law
The governor signed it on Nov 28, 2017. It's .
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Introduced, passed
Apr 11, 2017
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Committee, passed
Approved
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Assembly vote, passed
Passed Jun 14, 2017
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Senate vote, passed
Passed Oct 31, 2017
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Governor, passed
Signed
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Law, here now
2017 Wisconsin Act 78
Latest entry in the official record, Nov 28, 2017: “Published 11-28-2017”
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Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
What it does
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill allows local governments to invest surplus money in financial institutions' time deposits without limit on the duration of the investment.
Current law contains a list of permissible investments in which a municipality, county, or other local governmental unit may invest money that is not immediately needed. Among these permissible investments are time deposits (which typically take the form of certificates of deposit, or CDs) in a credit union, bank, savings bank, trust company, or savings and loan association (financial institution) if the time deposit matures in not more than three years.
Read the full summary Show less
This bill eliminates the three-year maturity limitation, allowing a municipality, county, or other local governmental unit to invest surplus money in a time deposit in a financial institution regardless of the investment's maturity date.
Who's behind it
20 lawmakers are its . All 20 are Republicans.
4 more lawmakers .
See all 24 names Hide the names
Authors (20)
- Joan Ballweg · Republican, Senate
- Kathleen Bernier · Republican, Senate
- Cindi Duchow · Republican, Assembly
- Edward Brooks · Republican, Assembly
- Mary Felzkowski · Republican, Senate
- Bob Gannon · Republican, Assembly
- Terry Katsma · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Bob Kulp · Republican, Assembly
- John Macco · Republican, Assembly
- Dave Murphy · Republican, Assembly
- Todd Novak · Republican, Assembly
- Romaine Quinn · Republican, Senate
- Rob Brooks · Republican, Assembly
- Keith Ripp · Republican, Assembly
- Mike Rohrkaste · Republican, Assembly
- Ken Skowronski · Republican, Assembly
- John Spiros · Republican, Assembly
- David Steffen · Republican, Assembly
- Paul Tittl · Republican, Assembly
Signed on in support (4)
- Howard Marklein · Republican, Senate
- Duey Stroebel · Republican, Senate
- Patrick Testin · Republican, Senate
- Van Wanggaard · Republican, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
How lawmakers voted
There were 3 votes on this bill.
Assembly Committee on Local Government vote to recommend it
Passed, 8 to 0 · May 19, 2017
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report passage recommended by Committee on Local Government, Ayes 8, Noes 0”. Official record · This vote on its own page
Senate Committee on Economic Development vote to recommend it
Passed, 7 to 0 · Jul 18, 2017
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report concurrence recommended by Committee on Economic Development, Commerce and Local Government, Ayes 7, Noes 0”. Official record · This vote on its own page
Senate vote
Passed, 5 to 0 · Oct 27, 2017
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 5, Noes 0”. Official record · This vote on its own page
What happened
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Nov 28, 2017
The new law was published.
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Nov 28, 2017
The governor signed it. It became 2017 Wisconsin Act 78.
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Nov 22, 2017
Sent to the governor.
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Oct 31, 2017
The Senate passed it too.
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Oct 27, 2017
“Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 5, Noes 0” (the official wording)
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Jul 18, 2017
The committee voted to recommend passing it, 7 to 0.
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Jun 20, 2017
Sent to the Senate Committee on Economic Development, Commerce and Local Government.
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Jun 15, 2017
The Senate received it.
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Jun 14, 2017
The Assembly passed it.
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May 19, 2017
Sent to the Assembly Committee on Rules.
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May 19, 2017
The committee voted to recommend passing it, 8 to 0.
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May 3, 2017
The committee held a public hearing.
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Apr 19, 2017
A state agency sent in its estimate of the cost.
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Apr 11, 2017
Sent to the Assembly Committee on Local Government.
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Apr 11, 2017
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Apr 11, 2017 · Assembly
Introduced by Representatives Katsma, Ballweg, Bernier, E. Brooks, R. Brooks, Duchow, Felzkowski, Gannon, Knodl, Kulp, Macco, Murphy, Novak, Quinn, Ripp, Rohrkaste, Skowronski, Spiros, Steffen and Tittl; cosponsored by Senators Testin, Marklein, Stroebel and Wanggaard
- Apr 11, 2017 · Assembly
Read first time and referred to Committee on Local Government
- Apr 19, 2017 · Assembly
Fiscal estimate received
- May 3, 2017 · Assembly
Public hearing held
- May 17, 2017 · Assembly
Executive action taken
- May 19, 2017 · Assembly
Report passage recommended by Committee on Local Government, Ayes 8, Noes 0
- May 19, 2017 · Assembly
Referred to committee on Rules
- Jun 7, 2017 · Assembly
Placed on calendar 6-14-2017 by Committee on Rules
- Jun 14, 2017 · Assembly
Read a second time
- Jun 14, 2017 · Assembly
Ordered to a third reading
- Jun 14, 2017 · Assembly
Rules suspended
- Jun 14, 2017 · Assembly
Read a third time and passed
- Jun 14, 2017 · Assembly
Ordered immediately messaged
- Jun 15, 2017 · Senate
Received from Assembly
- Jun 20, 2017 · Senate
Read first time and referred to committee on Economic Development, Commerce and Local Government
- Jul 14, 2017 · Senate
Executive action taken
- Jul 18, 2017 · Senate
Report concurrence recommended by Committee on Economic Development, Commerce and Local Government, Ayes 7, Noes 0
- Jul 18, 2017 · Senate
Available for scheduling
- Oct 27, 2017 · Senate
Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 5, Noes 0
- Oct 27, 2017 · Senate
Placed on calendar 10-31-2017 pursuant to Senate Rule 18(1)
- Oct 31, 2017 · Senate
Read a second time
- Oct 31, 2017 · Senate
Ordered to a third reading
- Oct 31, 2017 · Senate
Rules suspended
- Oct 31, 2017 · Senate
Read a third time and concurred in
- Oct 31, 2017 · Senate
Ordered immediately messaged
- Oct 31, 2017 · Assembly
Received from Senate concurred in
- Nov 3, 2017 · Assembly
Report correctly enrolled on 11-3-2017
- Nov 22, 2017 · Assembly
Presented to the Governor on 11-22-2017
- Nov 28, 2017 · Assembly
Report approved by the Governor on 11-27-2017. 2017 Wisconsin Act 78
- Nov 28, 2017 · Assembly
Published 11-28-2017
Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote