Wisconsin Statutes 25.293 – Natural resources land endowment fund
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There is established a separate nonlapsible trust fund designated as the natural resources land endowment fund, to consist of:
Terms Used In Wisconsin Statutes 25.293
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Land: includes lands, tenements and hereditaments and all rights thereto and interests therein. See Wisconsin Statutes 990.01
(1) All gifts, grants or bequests made to the natural resources land endowment fund. The department of natural resources may convert any noncash gift, grant or bequest into cash for deposit into the fund.
(2) All interest and other income generated from these gifts, grants and bequests.