WI SB149

Requires the Wisconsin legislature to convene an extraordinary session if a presidential executive order freezes congressionally-authorized federal aid to the state.

Mandates the session consider legislation to estimate federal aid losses for state agencies, local governments, and nonprofit organizations that receive federal funds through state appropriations.

Authorizes payments from the state's budget stabilization fund to offset estimated losses, with priority given to essential services.

Caps payments to local governments and nonprofits at the amounts they would have received under state appropriations absent the federal freeze.

Requires reimbursement to the budget stabilization fund when previously frozen federal funds are restored through back payments.