Interest, how accounted for.

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24.75 Interest, how accounted for. All money collected as interest upon any state trust fund loan shall be paid into the state treasury. All moneys collected as interest upon any trust fund loan are considered gross receipts and shall be credited to the income of the fund from which the loan was made except that expenses may be deducted as provided under s. 24.62 (1).

History: 1979 c. 221; 1981 c. 169; Stats. 1981 s. 24.75; 1989 a. 31.


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