{"data":{"id":"us-wi/wis.-stat.-120.137","jurisdiction":"us-wi","citation":"Wis. Stat. § 120.137","heading":"Long-term capital improvement trust fund.","body":"(1) In this section, a “long-term capital improvement plan” is a capital improvement plan for at least a 10-year period.\n(2) A school board that has approved a long-term capital improvement plan may create a long-term capital improvement trust fund for the purpose of financing the costs of the capital improvements included in the school board’s approved long-term capital improvement plan.\n(3)\n(a) A school board may not expend money deposited in a long-term capital improvement trust fund created under sub. (2) for a period of 5 years beginning on the date the trust fund is created.\n(b) After the 5-year period described in par. (a), a school board may make expenditures from a long-term capital improvement trust fund solely for the purposes described in the school board’s approved long-term capital improvement plan and may not transfer money from a long-term capital improvement trust fund to any other school district fund.","path":["Chs. 115-121, Public Instruction","Chapter 120 School District Government","SUBCHAPTER I COMMON AND UNION HIGH SCHOOL DISTRICTS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/120.137","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:00:53Z","sha256":"d5955692536e3f75146c2e28320ae029393a763e91b8187d6b95746f9c038bc2","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-120.13","next":"us-wi/wis.-stat.-120.14"},"notice":"GroundRules: Original legal text. Not legal advice."}