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El. Bd. Op. 1989-01

89-1OpElBd.pdf11.27 KB

Interest income from conduit and PAC depository accounts, properly invested under §11.25(3) Stats., may be used in the same manner as other funds in the account, including payment of administration and solicitation expenses of a conduit if the conduit agreement so provides.

This opinion was reviewed by the Government Accountability Board pursuant to 2007 Wisconsin Act 1 and was reaffirmed on October 6, 2008.