Wisconsin § 120.137 Long-term capital improvement trust fund.

Wisconsin Statutes

§ 120.137 — Long-term capital improvement trust fund.

Wisconsin § 120.137

Ch. 120School district government

Subch.subch. I of ch. 120 SUBCHAPTER I

COMMON AND UNION HIGH SCHOOL DISTRICTS

This text of Wisconsin § 120.137 (Long-term capital improvement trust fund.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 120.137 (2026).

Text

120.137 120.137(1) (1) In this section, a “long-term capital improvement plan” is a capital improvement plan for at least a 10-year period. 120.137(2) (2) A school board that has approved a long-term capital improvement plan may create a long-term capital improvement trust fund for the purpose of financing the costs of the capital improvements included in the school board’s approved long-term capital improvement plan. 120.137(3) (3) 120.137(3)(a) (a) A school board may not expend money deposited in a long-term capital improvement trust fund created under sub.

(2)for a period of 5 years beginning on the date the trust fund is created. 120.137(3)(b) (b) After the 5-year period described in par.

(a), a school board may make expenditures from a long-term capital improvement trust fund solely

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120.137
120.137(1) (1) In this section, a “long-term capital improvement plan” is a capital improvement plan for at least a 10-year period.
120.137(2) (2) A school board that has approved a long-term capital improvement plan may create a long-term capital improvement trust fund for the purpose of financing the costs of the capital improvements included in the school board’s approved long-term capital improvement plan.
120.137(3) (3)
120.137(3)(a) (a) A school board may not expend money deposited in a long-term capital improvement trust fund created under sub. (2) for a period of 5 years beginning on the date the trust fund is created.
120.137(3)(b) (b) After the 5-year period described in par. (a) , a school board may make expenditures from a long-term capital improvement trust fund solely for the purposes described in the school board’s approved long-term capital improvement plan and may not transfer money from a long-term capital improvement trust fund to any other school district fund.