237.08

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237.08 Sources of funding.

237.08(1)

(1) Federal funding. The authority shall accept federal funding for the rehabilitation, repair, replacement, operation, and maintenance of the navigational system and shall agree with any conditions attached to the funding.

237.08(2)

(2) State funding. From the appropriation under § 20.370 (5)(cq) and before applying the percentages under s. 30.92 (4) (b) 6., the department of natural resources shall set aside for the rehabilitation and repair of the navigational system $400,000 in each fiscal year to be matched by the moneys raised under § 237.09 (2)(b). The funding shall be set aside beginning with the first fiscal year beginning after the submittal of the initial management plan submitted under § 237.07 (1) and shall continue to be set aside in each of the next 6 consecutive fiscal years. From the funding that is set aside, the department shall release to the authority for each fiscal year an amount equal to the total amount raised by each corporation under § 237.09 (2)(b) for which matching funding has not been previously released.

237.08(3)

(3) Other funding. The authority shall encourage and may accept contributions and funding for the rehabilitation, repair, replacement, operation, or maintenance of the navigational system. The authority shall also accept funding raised by each corporation under § 237.09 (2).