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WI SB280
Interest earned on coronavirus state and local fiscal recovery funds. (FE)
summary
Introduced
05/23/2025
05/23/2025
In Committee
06/03/2025
06/03/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Under this bill, $172,000,000 is lapsed to the general fund from a federal program revenue appropriation to the Department of Administration on the date the bill becomes law. On May 9, 2025, the secretary of administration reported to the co-chairs of the Joint Legislative Audit Committee that, as of the end of April, the total interest earned on advanced coronavirus state and local fiscal recovery funds and credited to the federal program revenue appropriation was $171,487,101.82. Under current law, unless specifically provided by law, miscellaneous receipts collected by a state agency, such as interest earnings, must be credited to general purpose revenues of the general fund. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
AI Summary
This bill addresses the handling of interest earned from federal coronavirus state and local fiscal recovery funds (SLFRF), a program established during the COVID-19 pandemic to provide financial support to state and local governments. Specifically, the bill directs that $172,000,000 from the Department of Administration's federal program revenue appropriation will automatically lapse (be transferred) to the state's general fund on the bill's effective date. This action follows a report by the secretary of administration on May 9, 2025, which confirmed total interest earnings of $171,487,101.82 from these advanced funds. Under current state law, miscellaneous receipts like interest earnings are typically credited to the general fund unless otherwise specified by legislation. By explicitly transferring these funds, the bill ensures that the significant interest accrued from the federal coronavirus recovery funds will be directly added to the state's general fund, potentially providing additional resources for state budgetary needs.
Committee Categories
Business and Industry
Sponsors (29)
Julian Bradley (R)*,
Mary Felzkowski (R)*,
Dan Feyen (R)*,
André Jacque (R)*,
Jesse James (R)*,
Chris Kapenga (R)*,
Howard Marklein (R)*,
Steve Nass (R)*,
Romaine Quinn (R)*,
Cory Tomczyk (R)*,
Eric Wimberger (R)*,
Elijah Behnke (R),
Lindee Brill (R),
Robert Brooks (R),
Barbara Dittrich (R),
Cindi Duchow (R),
Chanz Green (R),
Dean Kaufert (R),
Joel Kitchens (R),
Dan Knodl (R),
Rob Kreibich (R),
Paul Melotik (R),
Dave Murphy (R),
Jeff Mursau (R),
Amanda Nedweski (R),
Jerry O'Connor (R),
William Penterman (R),
Paul Tittl (R),
Robert Wittke (R),
Last Action
Representative Steffen added as a cosponsor (on 06/09/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb280 |
| SB280 ROCP for Committee on Government Operations, Labor and Economic Development On 6/3/2025 | https://docs.legis.wisconsin.gov/2025/related/records/senate/government_operations_labor_and_economic_development/1922620.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB280.pdf |
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