Title: Sale of Real Property
103/285 PR Continuing 20.285 (1) (ka) Yes
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:
Allowable Major Classes of Expense/Revenue:
Supplies & expense and capital
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
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.