SB440-SA4,2,6
7"
(5) Consideration of waiver; reallocation. For a reallocation made under
8this section after March 1, 2010, but before June 1, 2010, before making the
9reallocation, the department shall consider the amount of recovery zone bond
10limitation allocation waived under s. 66.1104 (2) (a) or (b) by each city or county then
11seeking a reallocation under this section. The department shall reallocate from the
12aggregated waived allocation, as that term is used in sub. (1), an allocation of the
13recovery zone bond limitation to a project in a city or county that waived an allocation
1under s. 66.1104 (2) (a) or (b) in an amount equal to the limitation allocation
2determined by the city or county to be necessary for the project. In the event requests
3by cities and counties for a reallocation under this section exceed the aggregated
4waived allocation, the department shall prorate the available waived allocation
5among cities and counties in proportion to the amount waived by the cities and
6counties.".