Bill > AB286

This bill addresses the handling of interest earned from coronavirus state and local fiscal recovery funds (SLFRF), a federal pandemic relief program. Specifically, the bill mandates that $172,000,000 from the Department of Administration's federal program revenue appropriation will automatically transfer (or "lapse") to the state's general fund on the date the bill becomes law. This action is consistent with existing state financial regulations that require miscellaneous receipts, such as interest earnings, to be credited to the general fund unless otherwise specified by law. The bill stems from a May 9, 2025 report by the secretary of administration, which noted that the total interest earned on these advanced federal funds was $171,487,101.82 as of the end of April. By lapsing these funds to the general fund, the bill ensures that the interest income from the pandemic-era federal relief funds is incorporated into the state's overall financial resources.

Government Affairs

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab286