1. Remedy the defect and make any repairs and alterations necessary to meet the standards required by the building code or any health order. A receiver appointed under this subdivision, with the approval of the circuit court, may borrow money against and mortgage the property held in receivership as security in any amount necessary to remedy the defect and make the repairs and alterations. For the expenses incurred to remedy the defect and make the repairs and alterations necessary under this subdivision, the receiver shall have has a lien upon the property. At the request of and with the approval of the owner, the receiver may sell the property at a price equal to at least the appraisal appraised value of the property plus the cost of any repairs made under this subdivision. The selling owner shall be is liable for such those costs.
2. Secure and sell the building to a buyer who demonstrates to the circuit court an ability and intent to rehabilitate the building and to cause have the building to be reoccupied in a legal manner.
(e) Receiver; order to raze. 1. Any A receiver appointed under par. (bg) (d) shall collect all rents and profits accruing from the property held in receivership and pay all costs of management, including all general and special real estate taxes or assessments and interest payments on first mortgages on the property. A receiver under par. (bg) (d) shall apply moneys received from sale of property held in receivership to pay all debts due on the property in the order set by law and shall pay any balance to the selling owner if the circuit court approves.
2. The circuit court shall set the fees and bond of a receiver appointed under par. (bg) (d) and may discharge the receiver as the court deems considers appropriate.
3. Nothing in this subsection relieves the owner of any property for which a receiver has been appointed under par. (bg) (d) from any civil or criminal responsibility or liability except that the receiver shall have
has civil and criminal responsibility and liability for all matters and acts directly under the receiver's authority or performed at his or her discretion.
4. If a defect is not remedied and repairs and alterations are not made within the time limit set by the circuit court under par. (bg) (d), the court shall order that the building inspector or other designated officer proceed to raze and remove the building and restore the site to a dust-free and erosion-free condition.
5. All costs and disbursements with respect to razing, removing and restoration of the site raze a building under this subsection shall be as provided for under sub.
(2) (a) (1) (f).
66.05 (8) (d) of the statutes is repealed.
Note: Restated as a definition under s. 66.0413 (2) (a) 2. See Section 106 of this bill.
66.05 (9) of the statutes is renumbered 66.0413 (3), and 66.0413 (3) (d), as renumbered, is amended to read:
66.0413 (3) (d) If a municipal governing body, inspector of buildings or designated officer determines that the cost of repairs to a historic building would be less than 85% of the assessed value of the building divided by the ratio of the assessed value to the recommended value as last published by the department of revenue for the municipality within which the historic building is located, such the repairs shall be are presumed reasonable.
66.05 (10) of the statutes is renumbered 66.0413 (4).
Subchapter V (title) of chapter 66 [precedes 66.0501] of the statutes is created to read:
Officers and Employes
66.051 (title) and (1) (a) to (bm) of the statutes are renumbered 66.0107 (title) and (1) (a) to (bm), and 66.0107 (1) (b) and (bm), as renumbered, are amended to read:
66.0107 (1) (b) Cause the seizure of
Seize anything devised solely for gambling or found in actual use for gambling and cause the destruction of any such thing destroy the device after a judicial determination that it was used solely for gambling or found in actual use for gambling; and
(bm) Enact and enforce an ordinance to prohibit the possession of 25 grams or less of marijuana, as defined in s. 961.01 (14), subject to the exceptions in s. 961.41 (3g) (intro.), and provide a forfeiture for a violation of the ordinance; except that any person who is charged with possession of more than 25 grams of marijuana, or who is charged with possession of any amount of marijuana following a conviction for possession of marijuana, in this state shall not be prosecuted under this paragraph; and.
66.051 (1) (c) of the statutes is repealed.
Note: Section 66.051 (1) (c) is repealed as unnecessary given the general provision of s. 66.051 (2), renumbered s. 66.0107 (2), that nothing in the section may be construed to preclude cities, villages and towns from prohibiting conduct which is the same or similar to that prohibited by chs. 941 to 948. Under repealed par. (c), towns, villages and cities may: "Prohibit conduct which is the same as or similar to that prohibited by s. 947.01, 947.012 or 947.0125."
66.051 (2) and (3) of the statutes are renumbered 66.0107 (2) and (3).
66.0517 of the statutes is created to read:
66.0517 Weed commissioner. (1) Definition. In this section, "noxious weeds" has the meaning given in s. 66.0407 (1) (b).
(2) Appointment. (a) Town, village and city weed commissioner. The chairperson of each town, the president of each village and the mayor of each city may appoint one or more commissioners of noxious weeds on or before May 15 in each year. A weed commissioner shall take the official oath and the oath shall be filed in the office of the town, village or city clerk. A weed commissioner shall hold office for one year and until a successor has qualified or the town chairperson, village president or mayor determines not to appoint a weed commissioner. If more than one commissioner is appointed, the town, village or city shall be divided into districts by the officer making the appointment and each commissioner shall be assigned to a different district. The town chairperson, village president or mayor may appoint a resident of any district to serve as weed commissioner in any other district of the same town, village or city.
(b) County weed commissioner. A county may by resolution adopted by its county board provide for the appointment of a county weed commissioner and determine the duties, term and compensation for the county weed commissioner. When a weed commissioner has been appointed under this paragraph and has qualified, the commissioner has the powers and duties of a weed commissioner described in this section. Each town chairperson, village president or mayor may appoint one or more deputy weed commissioners, who shall work in cooperation with the county weed commissioner in the district assigned by the appointing officer.
(3) Powers, duties and compensation. (a) Destruction of noxious weeds. A weed commissioner shall investigate the existence of noxious weeds in his or her district. If a person in a district neglects to destroy noxious weeds as required under s. 66.0407 (3), the weed commissioner shall destroy, or have destroyed, the noxious weeds in the most economical manner. A weed commissioner may enter upon any lands that are not exempt under s. 66.0407 (5) and cut or otherwise destroy noxious weeds without being liable to an action for trespass or any other action for damages resulting from the entry and destruction, if reasonable care is exercised.
(b) Compensation of weed commissioner. 1. Except as provided in sub. (2) (b), a weed commissioner shall receive compensation for the destruction of noxious weeds as determined by the town board, village board or city council upon presenting to the proper treasurer the account for noxious weed destruction, verified by oath and approved by the appointing officer. The account shall specify by separate items the amount chargeable to each piece of land, describing the land, and shall, after being paid by the treasurer, be filed with the town, village or city clerk. The clerk shall enter the amount chargeable to each tract of land in the next tax roll in a column headed "For the Destruction of Weeds", as a tax on the lands upon which the weeds were destroyed. The tax shall be collected under ch. 74, except in case of lands which are exempt from taxation, railroad lands or other lands for which taxes are not collected under ch. 74. A delinquent tax may be collected as is a delinquent real property tax under chs. 74 and 75 or as is a delinquent personal property tax under ch. 74. In case of railroad lands or other lands for which taxes are not collected under ch. 74, the amount chargeable against these lands shall be certified by the town, village or city clerk to the state treasurer who shall add the amount designated to the sum due from the company owning, occupying or controlling the lands specified. The state treasurer shall collect the amount chargeable as prescribed in subch. I of ch. 76 and return the amount collected to the town, city or village from which the certification was received.
2. For the performance of duties other than the destruction of noxious weeds, a weed commissioner shall receive compensation to be determined by the town board, village board or city council.
Note: Creates s. 66.0517 of the statutes in order to combine the provisions regarding weed commissioners contained in ss. 66.97 to 66.99. The latter statutes are repealed in Section 620 of this bill. The new provision specifies that the appointment of a town, village or city weed commissioner is optional. The provision also differs from s. 66.97 by treating a 1st class city in the same manner as any other city. Otherwise, ss. 66.97 to 66.99 are restated.
66.052 of the statutes is renumbered 66.0415 and amended to read:
66.0415 Offensive industry. (1) Any The common council of a city or village board may direct the location, management and construction of, and license, regulate or prohibit, any industry, thing or place where any nauseous, offensive or unwholesome business is carried on, that is within the city or village or within 4 miles of the boundaries of the city or village, except that the Milwaukee, Menominee and Kinnickinnic rivers with their branches to the outer limits of the county of Milwaukee, and all canals connecting with said these rivers, together with the lands adjacent to said these rivers and canals or within 100 yards of them, are deemed to be within the jurisdiction of the city of Milwaukee. Any A town board shall have has the same powers as are provided in this section for cities and villages, as to the area within the town that is not licensed, regulated or prohibited by any a city or village under this section. Any A business that is conducted in violation of any a city, village or town ordinance that is authorized to be enacted under this section is a public nuisance. An action for the abatement or removal of the business or to obtain an injunction to prevent operation of the business may be brought and maintained by the common council or village or town board in the name of this state on the relation of such
the city, village or town as provided in ss. 823.01, 823.02 and 823.07, or as provided in s. 254.58. Section 97.42 may does not limit the powers granted by this section. Section 95.72 may does not limit the powers granted by this section to cities or villages but powers granted to towns by this section are limited by s. 95.72 and by any orders and rules promulgated under s. 95.72.
(2) Any To prevent nuisance, a city or village may, subject to the approval of the appropriate town board
of such town, by ordinance enact reasonable regulations governing areas where refuse, rubbish, ashes or garbage shall be are dumped or accumulated in any a town within one mile of the corporate limits of such the city or village, so as to prevent nuisance.
66.053 of the statutes is renumbered 66.0433, and 66.0433 (1) (a), (am) and (c) and (2), as renumbered, are amended to read:
66.0433 (1) (a) Each A town board, village board and or common council shall may grant licenses to such persons as they deem it considers proper for the sale of beverages containing less than one-half of one per centum 0.5% of alcohol by volume to be consumed on the premises where sold and to manufacturers, wholesalers, retailers and distributors of such these beverages, for which. The fee for a license fee of shall be not less than $5 nor more than $50, to be fixed by the board or council, shall be paid, except that where such these beverages are sold, not to be consumed on for consumption off the premises, the license fee shall be $5. Such The license shall be issued by the town, village or city clerk, shall designate the specific premises for which granted and shall expire the thirtieth day of next June thereafter 30 after issuance. The full license fee shall be charged for the whole or a fraction of the year. No such beverages shall described in this paragraph may be manufactured, sold at wholesale or retail or sold for consumption on the premises, or kept for sale at wholesale or retail, or for consumption on the premises where sold, without such
a license issued under this paragraph.
(am) In case of removal of the If a place of business moves from the premises designated in the license to another location in the town, village or city within the license period, the licensee shall give notice of such
the change of location, and the license shall be amended accordingly without payment of an additional fee.
No such A license, however, shall be
is not transferable from one person to another.
(c) Each A town board, village board and or common council shall have authority may by resolution or ordinance to adopt such regulations as it may deem reasonable and necessary regulations regarding the location of licensed premises, the conduct thereof of the licensed premises, the sale of beverages containing less than one-half of one per centum 0.5% of alcohol by volume and the revocation of any license or permit.
(2) Soda water beverages. Each A town board, village board and or common council of any city may grant licenses to such persons as they deem
it considers proper for the sale of soda water beverages, as defined in s. 97.34, to be consumed on or off the premises where sold. Such A license fee shall be fixed by such the governing body of such the city, village or town but shall not exceed $5. The license shall be issued by the town, city or village clerk, shall designate the specific premises for which granted and shall expire on the thirtieth day of
next June thereafter. Each such 30 after issuance. The governing body shall have authority may by resolution or ordinance to adopt such regulations as it may deem reasonable and necessary regulations regarding the location of licensed premises, the conduct thereof of the licensed premises and the revocation of any such license.
66.057 of the statutes is renumbered 157.129, and 157.129 (title), as renumbered, is amended to read:
157.129 (title) Minimum acreage of cemeteries; local ordinance.
66.058 (title), (1), (2) and (3) (title), (a), (b) and (c) 1. to 7. of the statutes are renumbered 66.0435 (title), (1), (2) and (3) (title), (a), (b) and (c) 1. to 7., and 66.0435 (1) (intro.) and (e), (2) and (3) (a), (c) 1. (intro.), 2. and 4. to 7., as renumbered, are amended to read:
66.0435 (1) Definitions. (intro.)
For the purposes of In this section:
(e) "Mobile home park" means any plot or plots of ground upon which 2 or more units, occupied for dwelling or sleeping purposes are located, regardless of whether or not a charge is made for such the accommodation.
(2) License and revocation or suspension thereof Granting, revoking or suspending license. (a) It shall be is unlawful for any person to maintain or operate a mobile home park within the limits of any a city, town or village, any mobile home park unless such the person shall first obtain has received a license from the city, town or village a license therefor. All such parks in existence on August 9, 1953 shall within 90 days thereafter, obtain such license, and in all other respects comply fully with the requirements of this section except that the licensing authority shall upon application of a park operator, waive such requirements that require prohibitive reconstruction costs if such waiver does not affect sanitation requirements of the city, town or village or create or permit to continue any hazard to the welfare and health of the community and the occupants of the park.
(b) In order to protect and promote the public health, morals and welfare and to equitably defray the cost of municipal and educational services required by persons and families using or occupying trailers, mobile homes, trailer camps or mobile home parks for living, dwelling or sleeping purposes, each a city council, village board and town board may establish do any of the following:
1. Establish and enforce by ordinance reasonable standards and regulations for every trailer and trailer camp and every mobile home and mobile home park; require.
2. Require an annual license fee to operate the same a trailer and trailer camp or mobile home and mobile home park and levy and collect special assessments to defray the cost of municipal and educational services furnished to such the trailer and trailer camp, or mobile home and mobile home park. They may limit
3. Limit the number of units, trailers or mobile homes that may be parked or kept in any one camp or park, and limit.
4. Limit the number of licenses for trailer camps or parks in any common school district, if the mobile housing development would cause the school costs to increase above the state average or if an exceedingly difficult or impossible situation exists with regard to providing adequate and proper sewage disposal in the particular area. The power conferred on cities, villages and towns by this section is in addition to all other grants and shall be deemed limited only by the express language of this section.
(c) In any a town in which the town board enacts an ordinance regulating trailers under the provisions of this section and has also enacted and approved a county zoning ordinance under the provisions of s. 59.69, the provisions of the ordinance which is most restrictive shall apply with respect to the establishment and operation of any a trailer camp in said the town.
(d) Any A license granted under
the provisions of this section shall be is subject to revocation or suspension for cause by the common council, village board or town board licensing authority that issued the license upon complaint filed with the clerk of the city, village or town licensing authority, if the complaint is signed by
any a law enforcement officer, local health officer, as defined in s. 250.01 (5), or building inspector, after a public hearing upon the complaint, provided that the. The holder of the license shall be given 10 days' written notice in writing of the hearing, and the holder of the license shall be
is entitled to appear and be heard as to why the license shall should not be revoked. Any A holder of a license that is revoked or suspended by the governing body of any city, village or town licensing authority may within 20 days of the date of the revocation or suspension appeal therefrom the decision to the circuit court of the county in which the trailer camp or mobile home park is located by filing a written notice of appeal with the city, village or town clerk of the licensing authority, together with a bond executed to the city, village or town licensing authority, in the sum of $500 with 2 sureties or a bonding company approved by the said clerk, conditioned for the faithful prosecution of the appeal and the payment of costs adjudged against the license holder.
(3) (a) The licensing authority shall exact collect from the licensee an annual license fee of not less than $25 and not nor more than $100 for each 50 spaces or fraction thereof of 50 spaces within each mobile home park within its limits, except that where. If the park lies in more than one municipality the amount of the license fee shall be such fraction thereof as the number of spaces in the park in the municipality bears to the entire number of spaces in the park determined by multiplying the gross fee by a fraction the numerator of which is the number of spaces in the park in a municipality and the denominator of which is the entire number of spaces in the park.
(c) 1. (intro.) In addition to the license fee provided in pars. (a) and (b), each local taxing licensing authority shall collect from each mobile home occupying space or lots in a park in the city, town or village licensing authority, except from mobile homes that constitute improvements to real property under s. 70.043 (1) and from recreational mobile homes and camping trailers as defined in s. 70.111 (19), a monthly parking permit fee computed as follows:
2. The monthly parking permit fee shall be
is applicable to mobile homes moving into the tax district any time during the year. The park operator shall furnish information to the tax district clerk and the assessor on mobile homes added to the park within 5 days after their arrival, on forms prescribed by the department of revenue. As soon as the assessor receives the notice of an addition of a mobile home to a park, the assessor shall determine its fair market value and notify the clerk of that determination. The clerk shall equate the fair market value established by the assessor and shall apply the appropriate tax rate, divide the annual parking permit fee thus determined by 12 and notify the mobile home owner of the monthly fee to be collected from the mobile home owner. Liability for payment of the fee shall begin begins on the first day of the next succeeding month and shall remain on the mobile home only continues for such the months as in which the mobile home remains in the tax district.
4. The valuation established shall be is subject to review as are other values established under ch. 70. If the board of review reduces a valuation on which previous monthly payments have been made the tax district shall refund past excess fee payments.
5. The monthly parking permit fee shall be paid by the mobile home owner to the local taxing authority on or before the 10th of the month following the month for which such the parking permit fee is due.
6. The licensee of a park shall be is liable for the monthly parking permit fee for any mobile home occupying space therein in the park as well as the owner and occupant thereof of the mobile home occupying space. A municipality, by ordinance, may require the mobile home park operator to collect the monthly parking permit fee from the mobile home owner.
7. No monthly parking permit fee shall may be imposed for any space occupied by a mobile home accompanied by an automobile for an accumulating period not to exceed 60 days in any 12 months if the occupants of the mobile home are tourists or vacationists. Exemption certificates in duplicate shall be accepted by the treasurer of the licensing authority from qualified tourists or vacationists in lieu of monthly mobile home parking permit fees.
66.058 (3) (c) 8. of the statutes, as affected by 1999 Wisconsin Act 5
, is renumbered 66.0435 (3) (c) 8. and amended to read:
66.0435 (3) (c) 8. The credit under s. 79.10 (9) (bm), as it applies to the principal dwelling on a parcel of taxable property shall apply, applies to the estimated fair market value of a mobile home that is the principal dwelling of the owner. The owner of the mobile home shall file a claim for the credit with the treasurer of the municipality in which the property is located. To obtain the credit under s. 79.10 (9) (bm), the owner shall attest on the claim that the mobile home is the owner's principal dwelling. The treasurer shall reduce the owner's parking permit fee by the amount of any allowable credit. The treasurer shall furnish notice of all claims for credits filed under this subdivision to the department of revenue as provided under s. 79.10 (1m).
66.058 (3) (d) to (h) and (3m) to (8) of the statutes are renumbered 66.0435 (3) (d) to (h) and (3m) to (8), and 66.0435 (3) (d) to (h) and (5) to (8), as renumbered, are amended to read:
66.0435 (3) (d) This section shall
does not apply where to a mobile home park that is owned and operated by any county under the provisions of s. 59.52 (16) (b).
(e) If a mobile home is permitted by local ordinance to be located outside of a licensed park, the monthly parking permit fee shall be paid by the owner of the land on which it stands, and the owner of such the land shall be required to comply with the reporting requirements of par. (c). The owner of the land may collect the fee from the owner of the mobile home and, on or before January 10 and on or before July 10, shall transmit to the taxation district all fees owed for the 6 months ending on the last day of the month preceding the month when the transmission is required.
(f) Nothing contained in this subsection shall prohibit prohibits the regulation thereof by local ordinance of a mobile home park.
(g) Failure to timely pay the tax hereunder prescribed in this subsection shall be treated in all respects like as a default in payment of personal property tax and shall be is subject to all procedures and penalties applicable thereto under chs. 70 and 74.
(h) Each local governing body is empowered to may enact an ordinance providing a forfeiture of up to $25 for the failure to comply with the reporting requirements of par. (c) or (e). Each failure to report shall be regarded as is a separate offense.
(5) Plans and specifications to be filed. Accompanying, and to be filed with an original application for a mobile home park, shall be plans Plans and specifications which shall be in compliance with all applicable city, town or village ordinances of the licensing authority and provisions of the department of health and family services shall be filed with an original application for a mobile home park. The clerk, after approval of the application by the governing body licensing authority and upon completion of the work according to the plans, shall issue the license. A mobile housing development harboring only nondependent mobile homes as defined in sub. (1) (f) shall is not be required to provide a service building.
(6) Renewal of license. Upon application by any licensee and, after approval by the
governing body of the city, town or village licensing authority and upon payment of the annual license fee, the clerk of the city, town or village licensing authority shall issue a certificate renewing the license for another year, unless sooner revoked. The application for renewal shall be in writing, signed by the applicant on forms furnished by the city, town or village licensing authority.
(7) Transfer of license; fee. Upon application for a transfer of license the clerk of the city, town or village licensing authority, after approval of the application by the governing body licensing authority, shall issue a transfer upon payment of the required $10 fee.
(8) Distribution of fees. The municipality licensing authority may retain 10% of the monthly parking permit fees collected in each month, without reduction for any amounts deducted under sub. (3m), to cover the cost of administration. The municipality licensing authority shall pay to the school district in which the park is located, within 20 days after the end of each month, such proportion of the remainder of the fees collected in the preceding month as the ratio of the most recent property tax levy for school purposes bears to the total tax levy for all purposes in the municipality licensing authority. If the park is located in more than one school district, each district shall receive a share in the proportion that its property tax levy for school purposes bears to the total school tax levy.
66.0585 of the statutes is renumbered 66.0435 (9) and amended to read:
66.0435 (9) Municipalities; parking fees on mobile homes. Any municipality A licensing authority may assess parking fees at the rates under s. 66.058
this section on mobile homes, as defined in s. 70.111 (19) except mobile homes which are located in campgrounds licensed under s. 254.47 and mobile homes which are located on land where the principal residence of the owner of the mobile home is located, regardless of whether or not the mobile home is occupied during all or part of any calendar year.
66.059 of the statutes is renumbered 66.0619, and 66.0619 (1) (intro.), (b) and (c), (2), (2m) (a) and (d), (4) (a) and (c) and (5) to (7), as renumbered, are amended to read:
66.0619 (1) (intro.) Any county, town, sanitary district, public inland lake protection and rehabilitation district, city or village A municipality, in addition to any other authority to borrow money and issue its municipal obligations, may also borrow money and issue its public improvement bonds to finance the cost of construction or acquisition, including site acquisition, of any revenue-producing public improvement of such the municipality. In this section, unless the context or subject matter otherwise requires:
(b) "Deficiency" means the amount by which debt service required to be paid in any a calendar year exceeds the amount of revenues estimated to be derived from the ownership and operation of the public improvement for such the calendar year, after first subtracting from the estimated revenues the estimated cost of paying the expenses of operating and maintaining the public improvement for such the calendar year.
(c) "Municipality" means a county, sanitary district, public inland lake protection and rehabilitation district, town, city or village.
(2) The governing body of the municipality proposing to issue public improvement bonds shall adopt a resolution authorizing their issuance. The resolution shall set forth the amount of bonds authorized, or a sum not to exceed a stated amount, and the purpose for which the bonds are to be issued. The resolution shall prescribe the terms, form and contents of the bonds and such other matters as that the governing body
deems considers necessary or advisable. The bonds may be in any denomination of not less than $1,000, shall bear interest payable annually or semiannually, shall be payable not later than 20 years from the date of the bonds, at such times and places as that the governing body determines, and may be subject to redemption prior to maturity on such terms and conditions as that the governing body determines. The bonds may be issued either payable to bearer with interest coupons attached thereto to the bonds or may be registered under s. 67.09. The bonds may be sold at public competitive sale or by private negotiation at the discretion of the governing body. Sections 67.08 and 67.10 apply to public improvement bonds, except insofar as they are in conflict herewith with this section, in which case this section controls.
(2m) (a) A resolution, adopted under sub. (2) by the governing body of a municipality, need not be submitted to the electors of the municipality for approval, unless within 30 days after the resolution is adopted there is filed with the clerk of the municipality a petition, conforming to the requirements of s. 8.40 and requesting a referendum thereon on the resolution, signed by electors numbering at least 10% of the votes cast in the municipality for governor at the last general election. Any A resolution, adopted under sub. (2) at the discretion of the municipal governing body, may be submitted by the governing body of the municipality to the electors without waiting for the filing of a petition.
(d) The election referendum shall be held and conducted and the votes cast thereat shall be canvassed as at regular municipal elections and the results certified to the municipal clerk. A majority of all votes cast in the municipality shall decide decides the question.
(4) (a) Gross revenues derived from the ownership and operation of the public improvement shall be first pledged to debt service on issued public improvement bonds. When in excess of such obligation debt service, the revenues shall be are subject to all of the following requirements set by resolution or ordinance of the governing body fixing:
1. The proportion of revenues of the public improvement necessary for the reasonable and proper operation and maintenance thereof; and of the public improvement.
2. The proportion of revenues necessary for the payment of debt service on the public improvement bonds. Such The revenues shall be paid into a special fund in the treasury of the municipality known as the "Public Improvement Bond Account".
(c) All funds on deposit in a public improvement bond account, which are not immediately required for the purposes specified in this section, shall be invested in accordance with s. 66.04 66.0605.
(5) Annually, on or before August 1 the officer or department of the municipality responsible for the operation of the public improvement shall file with the governing body, or its designated representative, a detailed statement setting forth the amount of the debt service on the public improvement bonds issued for the public improvement for the succeeding calendar year and an estimate for such that year of the total revenues to be derived from the ownership and operation of the public improvement and the total cost of operating and maintaining the public improvement.
(6) (a) If it is determined that there will be a deficiency for the ensuing calendar year, the municipality shall make up the deficiency, but the obligation to do so shall be is limited to a sum which
shall does not cause the municipality to exceed its municipal debt limits. The deficiency may be made up by the municipality from any revenues available therefor revenues, including a tax levy. The amount contributed by the municipality shall be deposited in the public improvement bond account and applied to the payment of debt service. Taxes levied under this paragraph shall are not
be subject to statutory limitations of rate or amount.
(b) The amount of any deficiency determined under par. (a) for the ensuing calendar year shall be related to the total debt service for such that year. Such The ratio shall determine determines the outstanding indebtedness of the issue to be reflected as part of the municipality's indebtedness for the year.
(7) Whenever If revenue bonds have been issued by a municipality pursuant to law and an ordinance authorizing their issuance without limitation as to amount has been enacted by the governing body of the municipality, public improvement bonds may be issued under the ordinance with the same effect as though they were revenue bonds. Such The bonds shall be are public improvement bonds and this section shall apply thereto applies to the bonds, except that nothing contained in this subsection shall in any way impair the contract between the municipality and the holders of any outstanding revenue bonds. Whatever liens have been Liens created in favor of any outstanding revenue bonds issued under the ordinance shall apply to public improvement bonds so issued under this subsection. The public improvement bonds shall be are payable on a parity with the revenue bonds issued under the ordinance if the public improvement bonds are issued in compliance with the requirements of the ordinance for the issuance of parity bonds under the ordinance.
66.06 of the statutes is repealed.
Note: Replaced by s. 66.0725, created by Section 235.
Subchapter VI (title) of chapter 66 [precedes 66.0601] of the statutes is created to read: