177.0801 Deposit of funds by administrator.
122 words·~1 min read·
/wi/chapter-177/177-0801-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
177.0801 Deposit of funds by administrator.
(1)Except as provided in sub.
(2), the administrator shall deposit in the common school fund all funds received under this chapter, including proceeds from the sale of property under subch. VII and amounts received from the redemption of U.S. savings bonds under s. 177.1504 .
(2)The administrator shall deposit in the general fund an amount that the administrator reasonably estimates is sufficient to pay claims allowed under this chapter and administrative expenses. For purposes of this subsection, “administrative expenses” means any of the following:
(a)Expenses for the disposition of property delivered to the administrator.
(b)Costs of mailing and publication in connection with property delivered to the administrator.
(c)Reasonable service charges.