25.01 – Definition.

25.01 Definition. In this chapter, unless the context requires otherwise, “board” means the investment board. History: 1999 a. 83.

25.14 – State investment fund.

25.14 State investment fund. (1) (a) There is created a state investment fund under the jurisdiction and management of the board to be operated as an investment trust for the purpose of managing the securities of all funds that are required by law to be invested in the state investment fund and all of the […]

25.15 – Board; purpose and standard of responsibility.

25.15 Board; purpose and standard of responsibility. (1) Purpose. The purpose of the board is to provide professional investment management of trusts, operating funds and capital funds established by law. It is the intent of the legislature that the board be an independent agency of the state which is to manage money and property for […]

25.156 – Powers and duties of members of the board.

25.156 Powers and duties of members of the board. (1) The members of the board shall be the governing body of the board and shall promulgate rules and formulate policies considered necessary and appropriate to carry out its functions. (2) The board shall employ an executive director, who shall serve outside the classified service. The […]

25.16 – Executive director.

25.16 Executive director. (1) The executive and administrative functions of the board, except for the functions performed by the internal auditor under s. 25.165 (2), shall be vested in an executive director, who shall perform the functions of executive director in conformity with the requirements of the members of the board and in accordance with […]

25.165 – Internal auditor.

25.165 Internal auditor. (1) There is created in the board an internal audit subunit, under the supervision of the internal auditor. The internal auditor shall report directly to the board and shall appoint all employees necessary to carry out the duties of the internal auditor. The internal auditor shall appoint all employees outside the classified […]

25.167 – Chief investment officer.

25.167 Chief investment officer. (1m) Except as provided in sub. (2m), under the supervision of the executive director, the chief investment officer shall do all of the following: (a) Monitor activities of the investment directors for compliance with the board’s investment policies and guidelines in investment decisions and approve unusual transactions, as defined by the […]

25.17 – Powers and duties of board.

25.17 Powers and duties of board. The “State of Wisconsin Investment Board” shall be a body corporate with power to sue and be sued in said name. The board shall have a seal with the words, “State of Wisconsin Investment Board”. Subject to s. 25.183, the board shall: (1) Have exclusive control of the investment […]

25.18 – Additional powers of board.

25.18 Additional powers of board. (1) In addition to the powers and duties enumerated in s. 25.17, but subject to s. 25.183, and notwithstanding any other statute except s. 25.183, the board may: (a) Employ legal or investment counsel in any matters arising out of the scope of its investment authority or operations. Any expense […]

25.182 – Management authority for certain funds.

25.182 Management authority for certain funds. In addition to the management authority provided under any other provision of law, and notwithstanding any limitation on the board’s management authority provided under any other provision of law, the board shall have authority to manage the money and property of the core retirement investment trust and, subject to […]

25.183 – Certain investments prohibited.

25.183 Certain investments prohibited. (1) Definitions. In this section: (a) “Derivative” means any financial contract or other instrument that derives its value from the value or performance of any security, currency exchange rate or interest rate or of any index or group of any securities, currency exchange rates or interest rates, but does not include […]

25.184 – Confidentiality of venture capital investment information.

25.184 Confidentiality of venture capital investment information. Information relating to investments made or considered by the board in securities of entities that are in the venture capital stage are not subject to public inspection, copying, or disclosure under s. 19.35 unless the information has been publicly released by another person. History: 2011 a. 32.

25.185 – Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

25.185 Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms. (1) In this section: (a) “Disabled veteran-owned financial adviser” means a financial adviser certified by the department of administration under s. 16.283 (3). (b) “Disabled veteran-owned investment firm” means an investment firm certified by the department of administration under s. 16.283 […]

25.186 – Broker-dealers located in this state.

25.186 Broker-dealers located in this state. (1) In this section: (a) “Broker-dealer” has the meaning given in s. 551.102 (4). (b) “Securities trading brokerage commission” means any commission or fee paid on or for a brokered security transaction, a purchase of a security or any other kind of trade of a security. (c) “Security” has […]

25.187 – Operating expenditures.

25.187 Operating expenditures. (1) (a) In this section, “operating expenditures” include all costs and expenses incurred by the investment board for the purpose of operating the board and managing the assets of each fund for which the board has management responsibility, but does not include costs or expenses incurred under s. 25.18 (1) or (2) […]

25.19 – Treasurer; bond; deposit of securities; cash management.

25.19 Treasurer; bond; deposit of securities; cash management. (1) The state treasurer shall be the treasurer of the board and shall give an additional bond in the amount and with the corporate sureties required and approved by the board, the cost of which shall be borne by the board. (1m) Any of the securities purchased […]

25.20 – General fund.

25.20 General fund. All moneys in the state treasury not specifically designated in any statute as belonging to any other funds constitute the general fund.

25.29 – Conservation fund.

25.29 Conservation fund. (1) There is established a separate nonlapsible trust fund designated as the conservation fund to consist of: (a) Except as provided in ss. 25.293 and 25.295, all moneys accruing to the state for or in behalf of the department under chs. 26, 27, 28, 29, 169, and 350, subchs. I and VI […]

25.293 – Natural resources land endowment fund.

25.293 Natural resources land endowment fund. There is established a separate nonlapsible trust fund designated as the natural resources land endowment fund, to consist of: (1) All gifts, grants or bequests made to the natural resources land endowment fund. The department of natural resources may convert any noncash gift, grant or bequest into cash for […]

25.295 – Heritage state parks and forests trust fund.

25.295 Heritage state parks and forests trust fund. (1) There is established a separate nonlapsible trust fund designated as the heritage state parks and forests trust fund, to consist of: (a) All gifts, grants or bequests or other contributions made to the heritage state parks and forests trust fund. The department of natural resources may […]