Section 25.43 - Environmental improvement fund(1) There is established a separate nonlapsible trust fund designated as the environmental improvement fund, to consist of all of the following: (a) All capitalization grants provided by the federal government under 33 USC 1381 to 1387.(am) All capitalization grants provided by the federal government under 42 USC 300j-12.(b) All state funds appropriated or transferred to the environmental improvement fund to meet the requirements for state deposits under 33 USC 1382.(bm) All state funds appropriated or transferred to the environmental improvement fund to meet the requirements for state deposits under 42 USC 300j-12.(c) All other appropriations and transfers of state funds to the environmental improvement fund.(d) All gifts, grants and bequests to the environmental improvement fund.(e) All repayments of principal and payments of interest on loans made from the environmental improvement fund and on obligations acquired by the department of administration under s. 281.59 (12).(f) All moneys received by the environmental improvement fund from the proceeds of the sale of general or revenue obligations under ch. 18 for the purpose of s. 20.866 (2) (tc) or (td) or 281.59 (4).(g) All moneys received from the sale of loans made under s. 281.59 (2m) (a) 2(h) The fees imposed under ss. 281.58 (9) (d) and 281.61 (5) (b) and s. 281.60 (11m), 2021 stats.(i) All moneys received as investment earnings under s. 25.17 (2) (d).(2)(a) There is established in the environmental improvement fund a clean water fund program federal revolving loan fund account consisting of the capitalization grants under sub. (1) (a) and (b), except as provided under sub. (2m) (b), all repayments under sub. (1) (e) and (g) of capitalization grants under sub. (1) (a) and (b) and all moneys transferred to the account under sub. (2m) (a).(am) There is established in the environmental improvement fund a safe drinking water loan program federal revolving loan fund account consisting of the capitalization grants under sub. (1) (am) and (bm), except as provided under sub. (2m) (a), all repayments under sub. (1) (e) of capitalization grants under sub. (1) (am) and (bm) and all moneys transferred to the account under sub. (2m) (b).(b) There is established in the environmental improvement fund a state revolving loan fund account consisting of all moneys in the fund not included in accounts under par. (a), (am) or (c).(c) The department of administration may establish and change accounts in the environmental improvement fund other than those under pars. (a), (am) and (b). The department of administration shall consult the department of natural resources before establishing or changing an account that is needed to administer the programs under ss. 281.58, 281.59 and 281.61.(2m)(a) In any year, the governor may transfer an amount that does not exceed 33 percent of a capitalization grant under sub. (1) (am) provided in that year from the account under sub. (2) (am) to the account under sub. (2) (a).(b) In any year, the governor may transfer an amount that does not exceed 33 percent of a capitalization grant under sub. (1) (am) provided in that year from the account under sub. (2) (a) to the account under sub. (2) (am).(2s)(a) If the secretary of administration determines that the moneys available in the dry cleaner environmental response fund are insufficient to pay awards under s. 292.65, the secretary of administration and the secretary of natural resources may enter into an agreement establishing terms and conditions for the transfer of moneys from the environmental improvement fund to the dry cleaner environmental response fund, including a maximum transfer amount, and the repayment to the environmental improvement fund of the amount transferred plus interest when sufficient funds are available in the dry cleaner environmental response fund. The maximum transfer amount specified in an agreement under this paragraph may not exceed the lesser of the following: 1. Six million two hundred thousand dollars.2. The difference between $20,000,000 and the amount that has been expended under s. 20.320 (1) (sm), 2021 stats., when the agreement is entered into.(b) If the secretaries enter into an agreement under this subsection, the secretary of administration may transfer from the environmental improvement fund to the dry cleaner environmental response fund an amount that does not exceed the lesser of the amount of the shortfall in the dry cleaner environmental response fund or the maximum amount specified in the agreement under par. (a).(3) Except for the purpose of investment as provided in s. 25.17 (2) (d), the environmental improvement fund may be used only for the purposes authorized under ss. 20.320 (1) (r), (s), (t), and (x) and (2) (r), (s), and (x), 20.370 (4) (mt), (mx) and (nz), (8) (mr) and (9) (mt), (mx) and (ny), 20.505 (1) (v), (x) and (y), 281.58, 281.59, 281.61, 281.62, and 283.31 and s. 281.60, 2021 stats.Amended by Acts 2023 ch, 6,s 9, eff. 5/10/2023.Amended by Acts 2023 ch, 6,s 8, eff. 5/10/2023.Amended by Acts 2023 ch, 6,s 7, eff. 5/10/2023.Amended by Acts 2019 ch, 9,s 339, eff. 7/5/2019.Amended by Acts 2017 ch, 59,s 537, eff. 9/23/2017.Amended by Acts 2015 ch, 55,s 1023, eff. 7/14/2015.1987 a. 399; 1989 a. 31, 366; 1995 a. 27, 227; 1997 a. 27, 35, 237, 252; 1999 a. 9, 32; 2009 a. 28; 2011 a. 261.