(dd) Tax incremental finance district aids.
A sum sufficient to make 6
the payments certified under s. 66.46 (5m).".
1. "Base rate" means the city's property tax levy rate, as defined in s. 79.05 (1) 12
(c), for 1995.
2. "Eligible city" means a city in which not more than one tax incremental 2
district exists on January 1, 1994.
3. "Eligible district" means a tax incremental district that was created, as 4
specified in sub. (4) (gm) 2., on or before January 1, 1994.
Commencing in 1997, for an eligible city that has an eligible 6
district that has a positive value increment in the year preceding the year in which 7
the payment is to be made, the department of revenue shall certify annually to the 8
department of administration an amount equal to the difference between the eligible 9
city's base rate and the city's property tax levy rate, as defined in s. 79.05 (1) (c), in 10
the year preceding the year in which the payment is to be made, multiplied by the 11
value increment of the eligible district. The department of administration shall send 12
a check, share draft or other draft to an eligible city, from the appropriation under 13
s. 20.835 (1) (dd), in an amount equal to the amount certified for that city under this 14