Title: Principal Repayment - Interest & Rebates
103/285 PR-S Sum Suff 20.285 (1) (kd) Yes
From the revenue credited under par. (h) and sub. (6) (g), a sum sufficient to reimburse s. 20.866 (1) (u), bond security and redemption fund, for the payment of principal and interest costs incurred in financing the acquisition, construction, development, enlargement or improvement of self-amortizing university facilities and to make the payments determined by the building commission under s. 13.488 (1) (m), regarding arbitrage bonds, that are attributable to the proceeds of obligations incurred in financing such facilities. For projects authorized by the building commission before July 1, 1998, annually an amount equal to 20% of the principal and interest costs for maintenance of University of Wisconsin-Madison intercollegiate athletic facilities shall be paid from the appropriation under this paragraph. For projects authorized by the building commission on or after July 1, 1998, annually an amount equal to 30% of the principal and interest costs for maintenance of University of Wisconsin-Madison intercollegiate athletic facilities shall be paid from the appropriation under this paragraph.
Institutions Which Have Budget Authority for This Appropriation:
All institutions except System Administration and UW Colleges.
Allowable Major Classes of Expense/Revenue:
Special Restrictions or Policies/Procedures:
- Position Control Policies
Not applicable since there are no salaries in this appropriation.
- Budget Control/Transfers/Overdrafts
See FAP - Budget Transfers (F5) for these limitations.
- Activity Code Limitations
Expenditures may be charged to all activity codes other than 5 and 9. See Activity Codes and Definitions for descriptions.
Year-End Instructions (lapse, carry forward, etc.):
The current year budget balance must be lapsed back to the state at the end of the year, while the cash balance is moved forward to the new fiscal year. The new year budget is increased by encumbrances carried forward to the new year. Refunds of prior year expenditures are deposited to this appropriation using the code of the original expenditure.
Special Instructions on Salaries/Fringe Benefits:
Not applicable since there are no salaries paid.