224.52 Repayment to the general fund.
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/wi/chapter-224/224-52A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
224.52 Repayment to the general fund.
(1)The secretary of administration shall transfer from the tuition trust fund, the college savings program trust fund, the college savings program bank deposit trust fund, or the college savings program credit union deposit trust fund to the general fund an amount equal to the amount expended from the appropriations under s. 20.505
(a), 1995 stats., s. 20.585
(a), 2001 stats., and s. 20.585
(am), 2001 stats., when the secretary of administration determines, after consultation with the secretary of financial institutions, that funds in those trust funds are sufficient to make the transfer. The secretary of administration may make the transfer in installments.
(2)Annually, by June 1, the secretary of financial institutions, after consultation with the secretary of administration, shall submit a report to the joint committee on finance on the amount available for repayment under sub.
(1), the amount repaid under sub.
(1), and the outstanding balance under sub.
(1).