Wisconsin § 120.137 - Long-term capital improvement trust fund.
Full text of Wisconsin Wisconsin Statutes § 120.137 — Long-term capital improvement trust fund., with citation guidance and answers to common questions.
§ 120.137. Long-term capital improvement trust fund.
120.137(1) (1) In this section, a “long-term capital improvement plan” is a capital improvement plan for at least a 10-year period. 120.137(2) (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. 120.137(3) (3) 120.137(3)(a) (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. 120.137(3)(b) (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. 120.137 History History: 2013 a. 336 .
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 120.137
What does Wisconsin Statutes § 120.137 cover?
Section 120.137 ("Long-term capital improvement trust fund.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 120.137?
A common citation format is "Wisconsin Statutes § 120.137" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 120.137 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.