AB880-ASA2, s. 6
10Section
6. 20.255 (2) (ta) of the statutes is created to read:
AB880-ASA2,2,1411
20.255
(2) (ta)
School aids from the investment and local impact fund. 12Beginning in fiscal year 1996-97, from the investment and local impact fund, a sum
13sufficient equal to 20% of the interest earned by the fund for the payment of
14educational aids provided under ss. 121.08 and 121.09.
AB880-ASA2, s. 8
17Section
8
. 20.566 (7) (v) of the statutes is amended to read:
AB880-ASA2,2,2118
20.566
(7) (v)
Investment and local impact fund. From the investment and local
19impact fund, all moneys received under s. 70.395 (1) (a)
, (1g) (b) and (2) (dc) and (dg),
20less the moneys appropriated under
s. ss. 20.143 (1) (v), 20.255 (2) (ta) and 20.370
21(2) (gr), to be disbursed under ss. 70.395 (2) (d) to (g), 144.855 (5) (a) and 144.838 (4).
AB880-ASA2,3,11
170.375
(6) Indexing. For calendar year 1983 and corresponding fiscal years and
2thereafter, the The dollar amounts in sub. (5) and s. 70.395 (1)
, (1m) and (2) (d) 1m.
3and 5. a. and
(2) (dg) shall be changed to reflect the percentage change between the
4gross national product deflator for June of the current year and the gross national
5product deflator for June of the previous year, as determined by the U.S. department
6of commerce as of December 30 of the year for which the taxes are due, except that
7no annual increase may be more than 10%. The revised amounts shall be rounded
8to the nearest whole number divisible by 100 and shall not be reduced below the
9amounts under sub. (5) on November 28, 1981. Annually, the department shall adopt
10any changes in dollar amounts required under this subsection and incorporate them
11into the appropriate tax forms.
AB880-ASA2,3,1613
70.395
(1) (b) After the transfers under par. (a), the undistributed portion of
14the amount of taxes collected under ss. 70.38 to 70.39 in respect to mines not in
15operation on November 28, 1981, shall be
deposited to the badger fund under s. 25.28 16credited to the appropriation under s. 20.143 (1) (ig).
AB880-ASA2, s. 15
19Section
15. 70.395 (2) (g) (intro.) of the statutes is amended to read:
AB880-ASA2,3,2220
70.395
(2) (g) (intro.) The board may distribute the revenues received under
21subs. sub. (1) (a)
and (1g) (b) or proceeds thereof in accordance with par. (h) for the
22following purposes, as the board determines necessary:
AB880-ASA2,4,11
24560.06 Grants for recreation. From the appropriation under s. 20.143 (1)
25(v), the department may make grants to cities, towns, villages and counties that
1apply for the grants. Grants may be made for capital costs, but not operating or
2maintenance costs, for recreational facilities or other recreational purposes,
3including picnic and camping grounds, hiking trails, trail-side campsites and
4shelters, cross-country ski trails, bridle trails, nature trails, snowmobile trails and
5areas, beaches and bathhouses, toilets, shelters, wells and pumps, fireplaces, tennis
6courts, softball diamonds, baseball diamonds, soccer fields, playgrounds and
7playground equipment and for purchases of land for any of these purposes. The
8department shall promulgate rules establishing the criteria under which the grants
9may be made. The department may not promulgate rules that, for the purpose of
10making grants, take into account the equalized valuation of, or any income data
11relative to, the city, village, town or county that applies for a grant.
AB880-ASA2,4,14
13560.13 Mining economic development grants and loans. (1) In this
14section:
AB880-ASA2,4,1515
(a) "Area affected by mining" means any of the following:
AB880-ASA2,4,1716
1. An area in which public and private infrastructure are or were provided to
17support mining activity.
AB880-ASA2,4,1918
2. An area in which public funds are or were expended for costs associated with
19mining activity.
AB880-ASA2,4,2120
3. An area in which economic diversification is necessary to reduce economic
21harm resulting from the cessation of mining activities.
AB880-ASA2,4,2222
(b) "Mining" means metallic mineral mining.
AB880-ASA2,4,25
23(2) (a) Subject to par. (b), beginning on July 1, 1998, the department may award
24a grant or loan to an eligible recipient to finance costs associated with the
25establishment or expansion of a business in an area affected by mining.
AB880-ASA2,5,5
1(b) The department may not award a grant or loan under par. (a) unless the
2business to be established or expanded with the proceeds is not solely dependent on
3mining activity and the department determines that the business will likely provide
4stable, long-term employment opportunities after the cessation of the mining
5activity.
AB880-ASA2,5,9
6(3) The department shall promulgate rules related to eligibility for a grant or
7loan under this section, maximum grant and loan amounts that may be awarded,
8repayment requirements, reporting requirements and any other matters necessary
9for the administration of the program under this section.
AB880-ASA2,5,1712
(1)
Badger fund transfer and lapse. On the effective date of this subsection,
13there is transferred to the fund under section 70.395 (2) of the statutes from the fund
14under section 25.28 of the statutes an amount equal to the balance in the fund under
15section 25.28 of the statutes on January 1, 1996. On July 31, 1996, there is
16transferred to the property tax relief fund the balance in the fund under section 25.28
17of the statutes, minus the balance in that fund on January 1, 1996.
AB880-ASA2,5,2019
(1)
This act takes effect on August 1, 1996, or on the day after publication,
20whichever is later.
