Section 116.08 - Loans and local aid(1) An amount not to exceed $25,000 annually shall be paid to each agency to match any federal funds received by the agency for vocational education administration.(2) Agencies may incur short term loans, but the outstanding amount of such loans at any one time shall not exceed 50 percent of the agency's receipts for the prior fiscal year.(3) No school district shall ever lose any state aid because of refusal of the school district to subscribe to any services provided by an agency.(4) Except for the operation of a charter school under s. 118.40(3) (c), whenever an agency performs any service or function under chs. 115 to 121 by contract with a county board or any agency thereof, with a school board or with a county children with disabilities education board, the contract may authorize the agency to make claim for and receive the state aid for performing the service or function. The agency shall transmit a certified copy of the contract containing the authority to collect state aid to the department. When an agency receives the state aid, it shall pay over or credit the amount of state aid received to the proper county or agency thereof, school district or county children with disabilities education board for which the service or function was performed according to the contract therefor.Amended by Acts 2015 ch, 55,s 3242, eff. 7/14/2015.Amended by Acts 2015 ch, 55,s 3240, eff. 7/14/2015.Amended by Acts 2015 ch, 55,s 3239, eff. 7/14/2015.Amended by Acts 2015 ch, 55,s 3238, eff. 7/14/2015.1971 c. 125; 1973 c. 90, 333; 1975 c. 39; 1977 c. 29; 1977 c. 221 s. 6; 1979 c. 34, 89; 1981 c. 20; 1983 a. 27; 1985 a. 29, 120; 1985 a. 135 s. 85; 1985 a. 218 s. 22, 1985 a. 332; 1995 a. 27 ss. 3924r, 3924t, 9145 (1); 1997 a. 27, 164, 238; 1999 a. 32.