3. Specifies that, generally, the public schools representative to a TID's joint
review board is the school board president or the president's designee; that the
county representative is the county executive if there is one, or the county board
chair, or the executive's or board chair's designee; that the city or village
representative is the mayor or village board president, or a designee; that for a TID
created by a county in a town, the town chooses a representative; and that the
technical college representative is the director or the director's designee.
4. Repeals a provision which currently prohibits the inclusion, as project costs,
of expenditures or monetary obligations for newly platted residential development
of a TID for which a project plan is approved after September 30, 1995.
5. Changes the limits on how much of a city's or village's equalized value may
be contained within a TID, although the limit does not apply if a city or village
subtracts territory from a TID.
6. Allows TIDs to make expenditures for project costs at any time up to two
years before the TID's mandatory termination date. Currently, in general, TIDs may

make expenditures only for seven or ten years after the TID is created, depending
on whether the TID was created after September 30, 1995, or before October 1, 1995.
7. Extends from 23 years to 27 years the maximum life of a "blighted area" or
"rehabilitation or conservation" TID, and reduces from 23 years to 20 years the
maximum life of an "industrial site" or "mixed-use development" TID. In the 18th
year of an industrial or mixed use TID's life, however, the creating city or village may
ask the joint review board to extend the TID's life for five years. The city or village
may provide the joint review board with an independent audit that demonstrates
that the district is unable to pay off its costs within its original 20 year life span. The
joint review board may choose to approve or deny a request to extend a TID's life for
five years but, if accompanied by an audit, the board must approve a request for a
five-year extension.
8. Changes the period during which DOR may allocate positive tax increments
for TIDs created on or after the effective date of the bill, from 23 years to 20 years
after a TID's creation if the TID is classified as a mixed-use development or
industrial TID, and from 23 to 27 years after a TID's creation if the TID is classified
as a blighted area or rehabilitation or conservation TID.
9. Authorizes a TID's project plan to be amended at any time during the TID's
life, up to four times, to allow the addition or subtraction of territory from the TID.
Currently, a TID's project plan may only be so amended once, and only during the
TID's first seven years of existence.
10. Requires that before a "donor" TID may transfer positive tax increments
to another TID, it must demonstrate that it has sufficient revenues to pay for all
incurred project costs and surplus revenues to pay for some of the "donee" TID's
eligible costs. Under current law, the "donor" TID need only have sufficient revenues
to pay costs that are due in the current year.
11. Subject to joint review board approval, allows a TID that has not otherwise
reached its mandatory termination date, to share its positive tax increments with
certain other TIDs that share its overlying taxing jurisdictions.
12. Limits the inclusion in a TID of land that has been annexed by the city or
village.
13. Prohibits a joint review board from approving a TID proposal unless the
board asserts that, in its judgment, the development project described in the TID
documents would not occur without the creation of a TID.
14. Provides that an amendment to a TID's boundary may subtract territory
from the TID if the subtraction does not remove contiguity from the TID.
15. Allows a city or village to create a standing joint review board that may
remain in existence for the entire time that any TID exists in the city or village. The
city or village may also disband the standing joint review board. Currently, a joint
review board may vote to disband following the approval or rejection of a TID
proposal.
16. Specifically requires that an amendment to a project plan requires the same
findings by a city or village relating to the equalized value of taxable property in the
TID and the equalized value of all of the taxable property in the city or village as is
currently required for the creation of a TID.

This bill also makes a technical modification to the environmental remediation
tax incremental financing program. Under current law, the environmental
remediation tax incremental financing program permits a city, village, town, or
county (political subdivision) to defray the costs of remediating contaminated
property that is owned by the political subdivision. The mechanism for financing
costs that are eligible for remediation is very similar to the mechanism under the TIF
program. If the remediated property is transferred to another person and is then
subject to property taxation, environmental remediation tax incremental financing
may be used to allocate some of the property taxes that are levied on the property to
the political subdivision to pay for the costs of remediation. Under the bill, if a city
or village annexes property from a town that is using an ERTID to remediate
environmental pollution on all or part of the territory that is annexed, the city or
village must pay to the town that portion of the eligible costs that are attributable
to the annexed territory. The city or village, and the town, must negotiate an
agreement on the amount that must be paid.
Generally, this bill takes effect on the first day of the 4th month after the bill is
enacted.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB654, s. 1 1Section 1. 59.57 (3) of the statutes is created to read:
AB654,5,72 59.57 (3) County tax increment powers. (a) Subject to par. (b), a county that
3was completely outside of a metropolitan statistical area, as defined in s. 560.70 (5),
4before the 2000 census may exercise all powers of a city under s. 66.1105. If a county
5exercises the powers of a city under s. 66.1105, the county board of the county is
6subject to the same duties as a common council under s. 66.1105, and the county is
7subject to the same duties and liabilities as a city under s. 66.1105.
AB654,5,108 (b) A county that wishes to create a tax incremental district as provided in par.
9(a) may do so only in a town that is contiguous to a city or village and whose board
10has approved the creation of such a district and only if all of the following occur:
AB654,6,3
11. The common councils of every city that is contiguous to the town and the
2village boards of every village that is contiguous to the town adopt resolutions
3approving the creation of a tax incremental district in the town.
AB654,6,54 2. The town and every city and village that is contiguous to the town enter into
5a cooperative plan boundary agreement under s. 66.0307.
AB654, s. 2 6Section 2. 66.1105 (2) (cm) of the statutes is created to read:
AB654,6,107 66.1105 (2) (cm) "Mixed-use development" means development that contains
8a combination of industrial, commercial, or residential uses, except that lands
9proposed for newly-platted residential use, as shown in the project plan, may not
10exceed 35 percent, by area, of the real property within the district.
AB654, s. 3 11Section 3. 66.1105 (2) (f) 1. i. of the statutes is amended to read:
AB654,6,1612 66.1105 (2) (f) 1. i. Payments made, in the discretion of the local legislative body,
13which are found to be necessary or convenient to the creation of tax incremental
14districts or the implementation of project plans, including payments made to a town
15that relate to property taxes levied on territory to be included in a tax incremental
16district as described in sub. (4) (gm) 1
.
AB654, s. 4 17Section 4. 66.1105 (2) (f) 2. d. of the statutes is created to read:
AB654,6,2218 66.1105 (2) (f) 2. d. Cash grants made by the city to owners, lessees, or
19developers of land that is located within the tax incremental district unless the grant
20recipient has signed a development agreement with the city, a copy of which shall be
21sent to the appropriate joint review board or, if that joint review board has been
22dissolved, retained by the city in the official records for that tax incremental district.
AB654, s. 5 23Section 5. 66.1105 (2) (f) 3. of the statutes is repealed.
AB654, s. 6 24Section 6. 66.1105 (3) (g) of the statutes is created to read:
AB654,7,6
166.1105 (3) (g) Create a standing joint review board that may remain in
2existence for the entire time that any tax incremental district exists in the city. All
3of the provisions that apply to a joint review board that is convened under sub. (4m)
4(a) apply to a standing joint review board that is created under this paragraph. A
5city may disband a joint review board that is created under this paragraph at any
6time.
AB654, s. 7 7Section 7. 66.1105 (4) (e) of the statutes is amended to read:
AB654,7,228 66.1105 (4) (e) At least 30 14 days before adopting a resolution under par. (gm),
9holding of a public hearing by the planning commission at which interested parties
10are afforded a reasonable opportunity to express their views on the proposed project
11plan. The hearing may be held in conjunction with the hearing provided for in par.
12(a). If the city anticipates that the proposed project plan's project costs may include
13cash grants made by the city to owners, lessees, or developers of land that is located
14within the tax incremental district, the hearing notice shall contain a statement to
15that effect.
Notice of the hearing shall be published as a class 2 notice, under ch. 985.
16The notice shall include a statement advising that a copy of the proposed project plan
17will be provided on request. Before publication, a copy of the notice shall be sent by
181st class mail to the chief executive officer or administrator of all local governmental
19entities having the power to levy taxes on property within the district and to the
20school board of any school district which includes property located within the
21proposed district. For a county with no chief executive officer or administrator, notice
22shall be sent to the county board chairperson.
AB654, s. 8 23Section 8. 66.1105 (4) (gm) 1. of the statutes is amended to read:
AB654,9,424 66.1105 (4) (gm) 1. Describes the boundaries, which may, but need not, be the
25same as those recommended by the planning commission, of a tax incremental

1district with sufficient definiteness to identify with ordinary and reasonable
2certainty the territory included in the district. The boundaries of the tax incremental
3district may not include any annexed territory that was not within the boundaries
4of the city on January 1, 2004, unless at least 3 years have elapsed since the territory
5was annexed by the city, unless the city enters into a cooperative plan boundary
6agreement, under s. 66.0307, with the town from which the territory was annexed,
7or unless the city and town enter into another kind of agreement relating to the
8annexation except that, notwithstanding these conditions, the city may include
9territory that was not within the boundaries of the city on January 1, 2004, if the city
10pledges to pay the town an amount equal to the property taxes levied on the territory
11by the town at the time of the annexation for each of the next 5 years. If, as the result
12of a pledge by the city to pay the town an amount equal to the property taxes levied
13on the territory by the town at the time of the annexation for each of the next 5 years,
14the city includes territory in a tax incremental district that was not within the
15boundaries of the city on January 1, 2004, the city's pledge is enforceable by the town
16from which the territory was annexed.
The boundaries shall include only those
17whole units of property as are assessed for general property tax purposes. Property
18standing vacant for an entire 7-year period immediately preceding adoption of the
19resolution creating a tax incremental district may not comprise more than 25% of the
20area in the tax incremental district, unless the tax incremental district is suitable
21for industrial sites under subd. 4. a. and the local legislative body implements an
22approved project plan to promote industrial development within the meaning of s.
2366.1101. In this subdivision, "vacant property" includes property where the fair
24market value or replacement cost value of structural improvements on the parcel is
25less than the fair market value of the land. In this subdivision, "vacant property"

1does not include property acquired by the local legislative body under ch. 32 or,
2property included within the abandoned Park East freeway corridor or the
3abandoned Park West freeway corridor in Milwaukee County, or property that is
4contaminated by environmental pollution, as defined in s. 66.1106 (1) (d)
.
AB654, s. 9 5Section 9. 66.1105 (4) (gm) 4. a. of the statutes is amended to read:
AB654,9,106 66.1105 (4) (gm) 4. a. Not less than 50%, by area, of the real property within
7the district is at least one of the following: a blighted area; in need of rehabilitation
8or conservation work, as defined in s. 66.1337 (2m) (b); or suitable for industrial sites
9within the meaning of s. 66.1101 and has been zoned for industrial use; or suitable
10for mixed-use development;
and
AB654, s. 10 11Section 10. 66.1105 (4) (gm) 4. c. of the statutes is amended to read:
AB654,9,2212 66.1105 (4) (gm) 4. c. Either the The equalized value of taxable property of the
13district plus the value increment of all existing districts does not exceed 7% 12
14percent
of the total equalized value of taxable property within the city or the
15equalized value of taxable property of the district plus the value increment of all
16existing districts within the city does not exceed 5% of the total equalized value of
17taxable property within the city
, except if a city subtracts territory from a district
18under par. (h) 2., the 12 percent limit does not apply to that finding. In determining
19the equalized value of taxable property under this subd. 4. c., the department of
20revenue shall base its calculations on the most recent equalized value of taxable
21property of the district that is reported under s. 70.57 (1m) before the date on which
22the resolution under this paragraph is adopted
.
AB654, s. 11 23Section 11. 66.1105 (4) (gm) 6. of the statutes is created to read:
AB654,9,2524 66.1105 (4) (gm) 6. Declares that the district is a blighted area district, a
25rehabilitation or conservation district, an industrial district, or a mixed-use district

1based on the identification and classification of the property included within the
2district under par. (c) and subd. 4. a. If the district is not exclusively blighted,
3rehabilitation or conservation, industrial, or mixed use, the declaration under this
4subdivision shall be based on which classification is predominant with regard to the
5area described in subd. 4. a.
AB654, s. 12 6Section 12. 66.1105 (4) (h) 1. of the statutes, as affected by 2003 Wisconsin Act
734
, is amended to read:
AB654,10,238 66.1105 (4) (h) 1. Subject to subds. 2., 3. 4., and 5., the planning commission
9may, by resolution, adopt an amendment to a project plan. The amendment is subject
10to approval by the local legislative body and approval requires the same findings as
11provided in par. pars. (g) and (gm) 4. c. Any amendment to a project plan is also
12subject to review by a joint review board, acting under sub. (4m). Adoption of an
13amendment to a project plan shall be preceded by a public hearing held by the plan
14commission at which interested parties shall be afforded a reasonable opportunity
15to express their views on the amendment. Notice of the hearing shall be published
16as a class 2 notice, under ch. 985. The notice shall include a statement of the purpose
17and cost of the amendment and shall advise that a copy of the amendment will be
18provided on request. Before publication, a copy of the notice shall be sent by 1st class
19mail to the chief executive officer or administrator of all local governmental entities
20having the power to levy taxes on property within the district and to the school board
21of any school district which includes property located within the proposed district.
22For a county with no chief executive officer or administrator, this notice shall be sent
23to the county board chairperson.
AB654, s. 13 24Section 13. 66.1105 (4) (h) 2. of the statutes, as affected by 2003 Wisconsin Act
2534
, is amended to read:
AB654,11,11
166.1105 (4) (h) 2. Except as provided in subds. 3., 4., and 5., not more than once
2during the 7 years after the tax incremental district is created,
the planning
3commission may adopt an amendment to a project plan under subd. 1. to modify the
4district's boundaries, not more than 4 times during the district's existence, by
5subtracting territory from the district in a way that does not remove contiguity from
6the district or by
adding territory to the district that is contiguous to the district and
7that is served by public works or improvements that were created as part of the
8district's project plan. Expenditures for project costs that are incurred because of an
9amendment to a project plan to which this subdivision applies may be made for not
10more than 3 years after the date on which the local legislative body adopts a
11resolution amending the project plan.
AB654, s. 14 12Section 14. 66.1105 (4) (h) 3. of the statutes is repealed.
AB654, s. 15 13Section 15. 66.1105 (4m) (a) of the statutes is amended to read:
AB654,12,1314 66.1105 (4m) (a) Any city that seeks to create a tax incremental district or
15amend a project plan shall convene a temporary joint review board under this
16paragraph, or a standing joint review board under sub. (3) (g),
to review the proposal.
17The Except as provided in par. (am), and subject to par. (ae), the board shall consist
18of one representative chosen by the school district that has power to levy taxes on the
19property within the tax incremental district, one representative chosen by the
20technical college district that has power to levy taxes on the property within the tax
21incremental district, one representative chosen by the county that has power to levy
22taxes on the property within the tax incremental district, one representative chosen
23by the city or, for a tax incremental district created by a county in a town under s.
2459.57 (3), one representative chosen by the town,
and one public member. If more
25than one school district, more than one union high school district, more than one

1elementary school district,
more than one technical college district or more than one
2county has the power to levy taxes on the property within the tax incremental
3district, the unit in which is located property of the tax incremental district that has
4the greatest value shall choose that representative to the board. The public member
5and the board's chairperson shall be selected by a majority of the other board
6members before the public hearing under sub. (4) (a) or (h) 1. is held. All board
7members shall be appointed and the first board meeting held within 14 days after
8the notice is published under sub. (4) (a) or (h) 1. Additional meetings of the board
9shall be held upon the call of any member. The city that seeks to create the tax
10incremental district or to amend its project plan shall provide administrative
11support for the board. By majority vote, the board may disband following approval
12or rejection of the proposal, unless the board is a standing board that is created by
13the city under sub. (3) (g)
.
AB654, s. 16 14Section 16. 66.1105 (4m) (ae) of the statutes is created to read:
AB654,12,1915 66.1105 (4m) (ae) 1. A representative chosen by a school district under par. (a)
16or (am) shall be the president of the school board, or his or her designee. If the school
17board president appoints a designee, he or she shall give preference to the school
18district's finance director or another person with knowledge of local government
19finances.
AB654,12,2420 2. The representative chosen by the county under par. (a) shall be the county
21executive or, if the county does not have a county executive, the chairperson of the
22county board, or the executive's or chairperson's designee. If the county executive or
23county board chairperson appoints a designee, he or she shall give preference to the
24county treasurer or another person with knowledge of local government finances.
AB654,13,5
13. The representative chosen by the city under par. (a) shall be the mayor, or
2city manager, or his or her designee. If the mayor or city manager appoints a
3designee, he or she shall give preference to the person in charge of administering the
4city's economic development programs, the city treasurer, or another person with
5knowledge of local government finances.
AB654,13,96 4. The representative chosen by the technical college district under par. (a)
7shall be the district's director or his or her designee. If the technical college district's
8director appoints a designee, he or she shall give preference to the district's chief
9financial officer or another person with knowledge of local government finances.
AB654,13,1310 5. If a county creates a tax incremental district as authorized under s. 59.57 (3),
11the joint review board for that district shall have an additional representative who
12shall be chosen by the city or village which has the longest contiguous border with
13the town.
AB654, s. 17 14Section 17. 66.1105 (4m) (am) of the statutes is created to read:
AB654,13,2215 66.1105 (4m) (am) If a city seeks to create a tax incremental district that is
16located in a union high school district, the seat that is described under par. (a) for the
17school district representative to the board shall be held by 2 representatives, each
18of whom has one-half of a vote. Subject to par. (ae), one representative shall be
19chosen by the union high school district that has the power to levy taxes on the
20property within the tax incremental district and one representative shall be chosen
21by the elementary school district that has the power to levy taxes on the property
22within the tax incremental district.
AB654, s. 18 23Section 18. 66.1105 (4m) (b) 2. of the statutes is amended to read:
AB654,14,624 66.1105 (4m) (b) 2. Except as provided in subd. 2m., no tax incremental district
25may be created and no project plan may be amended unless the board approves the

1resolution adopted under sub. (4) (gm) or (h) 1. by a majority vote not less than 10
2days nor more than
within 30 days after receiving the resolution. The board may not
3approve the resolution under this subdivision unless the board's approval contains
4a positive assertion that, in its judgment, the development described in the
5documents the board has reviewed under subd. 1. would not occur without the
6creation of a tax incremental district.
AB654, s. 19 7Section 19. 66.1105 (4m) (b) 2m. of the statutes is amended to read:
AB654,14,148 66.1105 (4m) (b) 2m. The requirement under subd. 2. that a vote by the board
9take place not less than 10 days nor more than within 30 days after receiving a
10resolution does not apply to a resolution amending a project plan under sub. (4) (h)
111. if the resolution relates to a tax incremental district, the application for the
12redetermination of the tax incremental base of which was made in 1998, that is
13located in a village that was incorporated in 1912, has a population of at least 3,800
14and is located in a county with a population of at least 108,000.
AB654, s. 20 15Section 20. 66.1105 (4m) (b) 4. of the statutes is created to read:
AB654,14,1916 66.1105 (4m) (b) 4. The board shall notify prospectively the governing body of
17every local governmental unit that is not represented on the board, and that has
18power to levy taxes on the property within the tax incremental district, of meetings
19of the board and of the agendas of each meeting for which notification is given.
AB654, s. 21 20Section 21. 66.1105 (5) (a) of the statutes is amended to read:
AB654,14,2321 66.1105 (5) (a) Upon Subject to sub. (8) (d), upon the creation of a tax
22incremental district or upon adoption of any amendment subject to par. (c), its tax
23incremental base shall be determined as soon as reasonably possible.
AB654, s. 22 24Section 22. 66.1105 (5) (b) of the statutes is amended to read:
AB654,15,15
166.1105 (5) (b) Upon application in writing by the city clerk, in a form
2prescribed by the department of revenue, the department shall determine according
3to its best judgment from all sources available to it the full aggregate value of the
4taxable property and, except as provided in par. (bm), of the city-owned property in
5the tax incremental district. The application shall state the percentage of territory
6within the tax incremental district which the local legislative body estimates will be
7devoted to retail business at the end of the maximum expenditure period specified
8in sub. (6) (am) 1. if that estimate is at least 35 percent. Subject to sub. (8) (d), the

9department shall certify this aggregate valuation to the city clerk, and the aggregate
10valuation constitutes the tax incremental base of the tax incremental district. The
11city clerk shall complete these forms, including forms for the amendment of a project
12plan,
and submit the application or amendment forms on or before December 31 of
13the year the tax incremental district is created, as defined in sub. (4) (gm) 2. or, in
14the case of an amendment, on or before December 31 of the year in which the changes
15to the project plan take effect.
AB654, s. 23 16Section 23. 66.1105 (5) (c) of the statutes, as affected by 2003 Wisconsin Act
1734
, is amended to read:
AB654,16,1018 66.1105 (5) (c) If the city adopts an amendment to the original project plan for
19any district which subtracts territory from the district or which includes additional
20project costs at least part of which will be incurred after the period specified in sub.
21(6) (am) 1., the tax incremental base for the district shall be redetermined, if sub. (4)
22(h) 2., 3., 4., or 5. applies to the amended project plan, either by subtracting from the
23tax incremental base the value of the taxable property that is subtracted from the
24existing district or by
adding to the tax incremental base the value of the taxable
25property and the value of real property owned by the city, other than property

1described in par. (bm),
that is added to the existing district under sub. (4) (h) 2., 3.,
24., or 5. or, if sub. (4) (h) 2., 3., 4., or 5. does not apply to the amended project plan,
3under par. (b), as of the January 1 next preceding the effective date of the amendment
4if the amendment becomes effective between January 2 and September 30, as of the
5next subsequent January 1 if the amendment becomes effective between October 1
6and December 31 and if the effective date of the amendment is January 1 of any year,
7the redetermination shall be made on that date. The With regard to a district to
8which territory has been added, the
tax incremental base as redetermined under this
9paragraph is effective for the purposes of this section only if it exceeds the original
10tax incremental base determined under par. (b).
AB654, s. 24 11Section 24. 66.1105 (5) (ce) of the statutes, as affected by 2003 Wisconsin Act
1234
, is amended to read:
AB654,17,213 66.1105 (5) (ce) If the city adopts an amendment, to which sub. (4) (h) 2., 3., 4.,
14or 5. applies, the tax incremental base for the district shall be redetermined, either
15by subtracting from the tax incremental base the value of the taxable property that
16is subtracted from the existing district or by
adding to the tax incremental base the
17value of the taxable property and the value of real property owned by the city, other
18than property described in par. (bm),
that is added to the existing district under sub.
19(4) (h) 2., 3., 4., or 5., as of the January 1 next preceding the effective date of the
20amendment if the amendment becomes effective between January 2 and
21September 30, as of the next subsequent January 1 if the amendment becomes
22effective between October 1 and December 31 and if the effective date of the
23amendment is January 1 of any year, the redetermination shall be made on that date.
24The With regard to a district to which territory has been added, the tax incremental

1base as redetermined under this paragraph is effective for the purposes of this
2section only if it exceeds the original tax incremental base determined under par. (b).
AB654, s. 25 3Section 25. 66.1105 (5) (d) of the statutes is amended to read:
AB654,17,124 66.1105 (5) (d) The department of revenue may not certify the tax incremental
5base as provided in par. (b) until it determines that each of the procedures and
6documents required by sub. (4) (a), (b), (gm) or (h) and par. (b) has been timely
7completed and all notices required under sub. (4) (a), (b), (gm) or (h) timely given.
8The facts supporting any document adopted or action taken to comply with sub. (4)
9(a), (b), (gm) or (h) are not subject to review by the department of revenue under this
10paragraph, except that the department may not certify the tax incremental base as
11provided in par. (b) until it reviews and approves of the findings that are described
12in sub. (4) (gm) 4. c
.
AB654, s. 26 13Section 26. 66.1105 (6) (a) 3. of the statutes, as affected by 2003 Wisconsin Acts
1434
and 46, is repealed.
AB654, s. 27 15Section 27. 66.1105 (6) (a) 4. of the statutes, as affected by 2003 Wisconsin Acts
1634
and 46, is amended to read:
AB654,17,1917 66.1105 (6) (a) 4. Twenty-three years after the tax incremental district is
18created if the district is created after September 30, 1995, and before October 1,
192004
.
AB654, s. 28 20Section 28. 66.1105 (6) (a) 7. of the statutes is created to read:
AB654,17,2421 66.1105 (6) (a) 7. Twenty years after the tax incremental district is created if
22the district is created on or after the effective date of this subdivision .... [revisor
23inserts date], and if the district is at least predominantly suitable for mixed-use
24development or industrial sites under sub. (4) (gm) 6.
AB654, s. 29 25Section 29. 66.1105 (6) (a) 8. of the statutes is created to read:
AB654,18,4
166.1105 (6) (a) 8. Twenty-seven years after the tax incremental district is
2created if the district is created on or after the effective date of this subdivision ....
3[revisor inserts date], and if the district is a district specified under sub. (4) (gm) 6.
4other than a district specified under subd. 7.
AB654, s. 30 5Section 30. 66.1105 (6) (am) 1. of the statutes, as affected by 2003 Wisconsin
6Act 34
, is repealed and recreated to read:
AB654,18,97 66.1105 (6) (am) 1. Except as otherwise provided in this paragraph, no
8expenditure may be made later than 2 years before the unextended termination date
9of a tax incremental district under sub. (7) (am).
AB654, s. 31 10Section 31. 66.1105 (6) (c) of the statutes is amended to read:
AB654,19,511 66.1105 (6) (c) Except for tax increments allocated under par. (d), (dm) or, (e),
12or (f) all tax increments received with respect to a tax incremental district shall, upon
13receipt by the city treasurer, be deposited into a special fund for that district. The
14city treasurer may deposit additional moneys into such fund pursuant to an
15appropriation by the common council. No moneys may be paid out of such fund
16except to pay project costs with respect to that district, to reimburse the city for such
17payments, to pay project costs of a district under par. (d), (dm) or (e) or to satisfy
18claims of holders of bonds or notes issued with respect to such district. Subject to par.
19(d), (dm) or (e), moneys paid out of the fund to pay project costs with respect to a
20district may be paid out before or after the district is terminated under sub. (7).
21Subject to any agreement with bondholders, moneys in the fund may be temporarily
22invested in the same manner as other city funds if any investment earnings are
23applied to reduce project costs. After all project costs and all bonds and notes with
24respect to the district have been paid or the payment thereof provided for, subject to
25any agreement with bondholders, if there remain in the fund any moneys that are

1not allocated under par. (d), (dm) or (e), they shall be paid over to the treasurer of each
2county, school district or other tax levying municipality or to the general fund of the
3city in the amounts that belong to each respectively, having due regard for that
4portion of the moneys, if any, that represents tax increments not allocated to the city
5and that portion, if any, that represents voluntary deposits of the city into the fund.
AB654, s. 32 6Section 32. 66.1105 (6) (e) 1. d. of the statutes is created to read:
AB654,19,117 66.1105 (6) (e) 1. d. The donor tax incremental district is able to demonstrate,
8based on the positive tax increments that are currently generated, that it has
9sufficient revenues to pay for all project costs that have been incurred under the
10project plan for that district and sufficient surplus revenues to pay for some of the
11eligible costs of the recipient tax incremental district.
AB654, s. 33 12Section 33. 66.1105 (6) (e) 2. of the statutes is repealed.
AB654, s. 34 13Section 34. 66.1105 (6) (f) of the statutes is created to read:
Loading...
Loading...