Financial Administration

Appropriation 138

Title:  Sale of Real Property

State Fund/Agency
Number
Budget
Category
Appropriation
Type
Statute
Reference
Cash Balance
Carryover
103/285 PR Continuing 20.285 (1) (ka) Yes

Statute Language:

All net proceeds from the sale of real property by the board under s. 36.34, 1969 statutes., and s. 36.33, to be used for the purposes of s. 36.34, 1969, statutes., and s. 36.33, including the expenses enumerated in s. 13.48 (2) (d) incurred in selling the real property under those sections.

Section 36.33 describes how the board may sell or lease agricultural lands resulting from the development of the city of Madison around certain agricultural lands. Please refer to the statutes for details on the lands, method of assessment, approvals, proceeds and local taxes.

Section 13.48 describes actions of the building commission relating to the sale and purchase of agricultural lands. Please refer to the statutes for full detail.

Section 36.34, 1969 stats. authorizes the regents of the University of Wisconsin to lease lands or improvements thereon.

Institutions Which Have Budget Authority for This Appropriation:

Madison

Allowable Major Classes of Expense/Revenue:

Supplies & expense and capital

Special Restrictions or Policies/Procedures:

  1. Position Control Policies
    Not applicable since there are no salaries in this appropriation.
  2. Budget Control/Transfers/Overdrafts
    See FAP - Budget Transfers (F5) for these limitations.
  3. Activity Code Limitations
    Use activity & or 0 only. 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 moves forward to the new 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.

Policy Paper References: