SB209: Bill Text Engrossed

LRB-2739/1

RAC/MES/JK:wlj

2015 - 2016 LEGISLATURE

Engrossed 2015 Senate BILL 209

July 15, 2015 - Printed by direction of Assembly Chief Clerk.

SB209-engrossed,2,7 An Act to repeal 16.004 (21), 16.004 (22), 20.855 (4) (cr), 20.855 (4) (cy), 20.855 (4) (dr), 66.0615 (1m) (f) 4., 77.983, 77.992, 79.035 (6), 232.07 (1) and 345.28 (4) (g); to renumber 229.47; to renumber and amend 229.42 (4) (f) and 232.07 (2); to amend 24.605, 24.61 (2) (cm) (intro.), 24.62 (3), 24.67 (1) (intro.), 24.67 (3), 66.0603 (1g) (a), 66.1105 (2) (f) 1. (intro.), 66.1105 (2) (f) 2. (intro.), 70.11 (37), 77.22 (1), 77.98 (3), 77.982 (3), 79.035 (5), 229.26 (4), 229.26 (4m), 229.26 (10), 229.41 (12), 229.42 (4) (intro.), 229.42 (4) (d), 229.42 (4) (e), 229.435, 229.44 (4) (intro.), 229.44 (4) (a), 229.44 (4) (b), 229.44 (4) (c), 229.44 (4) (d), 229.44 (5), 229.44 (6), 229.477, 229.48 (1) (intro.), 229.48 (1) (a), 229.48 (1) (b), 229.48 (1) (c), 229.48 (1) (d), 229.48 (1) (e), 229.48 (1m), 229.48 (2), 229.50 (1) (a) (intro.), 229.50 (1) (d), 229.50 (1) (f), 229.50 (7), 232.05 (3) (a), 232.05 (3) (b), 345.28 (2) (c), 345.37 (intro.), 846.16 (1) and 846.17; to repeal and recreate 24.61 (2) (a) and 79.035 (5); and to create 16.004 (21), 16.004 (22), 16.58 (3), 20.855 (4) (cr), 20.855 (4) (cy), 20.855 (4) (dr), 24.60 (2m) (e), 24.61 (3) (a) 14., 24.66 (3y), 24.67 (1) (q), 24.718, 66.1105 (2) (f) 1. p., 66.1105 (9) (a) 10., 66.1105 (17) (d), 71.05 (1) (c) 6p., 71.26 (1m) (n), 77.54 (62), 77.98 (4), 79.035 (6), 229.40, 229.41 (9e), 229.41 (11e), 229.41 (11g), 229.42 (4) (f) 2., 229.42 (4) (g), 229.42 (4) (h), 229.42 (4e), 229.42 (7) (b) 1m., 229.44 (4) (f), 229.445, 229.461, 229.47 (2), 229.48 (7), 229.54, 232.05 (2) (h), 342.41, 345.28 (2) (d), 349.13 (1d), 349.132, 846.16 (3) and 846.167 of the statutes; relating to: constructing a sports and entertainment arena and related facilities and making appropriations.

Analysis by the Legislative Reference Bureau

Engrossment information:

The text of Engrossed 2015 Senate Bill 209, as passed by the senate on July 15, 2015, consists of the following documents adopted in the senate on July 15, 2015: the bill as affected by Senate Amendment 1 and Senate Amendment 1 to Senate Amendment 1. The text also includes the July 15, 2015, chief clerk's corrections to the senate bill.

Content of Engrossed 2015 Senate Bill 209

For a comprehensive analysis of this bill, please refer to the July 2, 2015, memorandum on the Milwaukee Sports Arena, which summarizes the provisions of 2015 LRB-2678/1 and 2015 LRB-2703/1, prepared by the Legislative Fiscal Bureau.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

SB209-engrossed,1 Section 1. 16.004 (21) of the statutes is created to read:

SB209-engrossed,3,5 16.004 (21) Payment to local exposition district. (a) Annually, as grants, the secretary shall remit the amounts appropriated under s. 20.855 (4) (cr) and (dr) to a local exposition district created under subch. II of ch. 229 to assist in the development and construction of sports and entertainment arena facilities, as defined in s. 229.41 (11g). The secretary may not remit moneys under this subsection or lapse any moneys under s. 20.835 (6) (g) until the secretary has determined that the sponsoring municipality has provided at least $47,000,000 for the development and construction of sports and entertainment arena facilities and the local exposition district has issued debt to fund the development and construction of sports and entertainment arena facilities. The secretary may not remit from the appropriation account under s. 20.855 (4) (dr) to a local exposition district more than a cumulative total of $80,000,000.

SB209-engrossed,3,13 (b) The legislature finds and determines that sports and entertainment arena facilities, as defined in s. 229.41 (11g), encourage economic development and tourism in this state, reduce unemployment in this state, preserve business activities within this state, and bring needed capital into this state for the benefit and welfare of people throughout the state. It is therefore in the public interest and will serve a public purpose, and it is the public policy of this state, to assist a local exposition district in the development and construction of sports and entertainment arena facilities under subch. II of ch. 229.

SB209-engrossed,2 Section 2. 16.004 (21) of the statutes, as created by 2015 Wisconsin Act .... (this act), is repealed.

SB209-engrossed,3 Section 3. 16.004 (22) of the statutes is created to read:

SB209-engrossed,3,21 16.004 (22) Payment to Bradley Center Sports and Entertainment Corporation. During the 2015-17 fiscal biennium, from the appropriation under s. 20.855 (4) (cy), the secretary may make one or more grants to the Bradley Center Sports and Entertainment Corporation, created under ch. 232, for the purpose of assisting the corporation in retiring its obligations and any contractual liabilities.

SB209-engrossed,4 Section 4. 16.004 (22) of the statutes, as created by 2015 Wisconsin Act .... (this act), is repealed.

SB209-engrossed,5 Section 5. 16.58 (3) of the statutes is created to read:

SB209-engrossed,4,2 16.58 (3) The department may provide financial consulting services to a local exposition district created under subch. II of ch. 229.

SB209-engrossed,6 Section 6. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: - See PDF for table

SB209-engrossed,9 Section 9. 20.855 (4) (cr) of the statutes is created to read:

SB209-engrossed,4,7 20.855 (4) (cr) Transfer to local exposition district. The amounts in the schedule to make payments to a local exposition district under s. 16.004 (21) (a).

SB209-engrossed,10 Section 10. 20.855 (4) (cr) of the statutes, as created by 2015 Wisconsin Act .... (this act), is repealed.

SB209-engrossed,11 Section 11. 20.855 (4) (cy) of the statutes is created to read:

SB209-engrossed,4,13 20.855 (4) (cy) Payment to Bradley Center Sports and Entertainment Corporation. Biennially, the amounts in the schedule for the payment of grants to the Bradley Center Sports and Entertainment Corporation under s. 16.004 (22).

SB209-engrossed,12 Section 12. 20.855 (4) (cy) of the statutes, as created by 2015 Wisconsin Act .... (this act), is repealed.

SB209-engrossed,13 Section 13. 20.855 (4) (dr) of the statutes is created to read:

SB209-engrossed,5,5 20.855 (4) (dr) Transfer to local exposition district. The amounts in the schedule to make payments to a local exposition district under s. 16.004 (21) (a).

SB209-engrossed,14 Section 14. 20.855 (4) (dr) of the statutes, as created by 2015 Wisconsin Act .... (this act), is repealed.

SB209-engrossed,15 Section 15. 24.60 (2m) (e) of the statutes is created to read:

SB209-engrossed,5,12 24.60 (2m) (e) It is made to a local exposition district created under subch. II of ch. 229 for the purpose of financing acquisition, construction, and equipment costs for sports and entertainment arena facilities, as defined in s. 229.41 (11g), and is secured by district revenues.

SB209-engrossed,16 Section 16. 24.605 of the statutes is amended to read:

SB209-engrossed,5,20 24.605 Accounts in trust funds for deposit of proceeds from sale of certain lands. The board shall establish in each of the trust funds an account to which are credited the proceeds from the sale of any public lands on or after May 3, 2006, that are required by law to be deposited in the funds. Moneys credited to the accounts in the funds may only be used to invest in land under s. 24.61 (2) (a) 10. and for the payment of expenses necessarily related to investing in land under s. 24.61 (2) (a) 10.

SB209-engrossed,17 Section 17. 24.61 (2) (a) of the statutes is repealed and recreated to read:

SB209-engrossed,5,25 24.61 (2) (a) Authorized investments by board. The board shall manage and invest moneys belonging to the trust funds in good faith and with the care an ordinary prudent person in a like position would exercise under similar circumstances, in accordance with s. 112.11 (3).

SB209-engrossed,18 Section 18. 24.61 (2) (cm) (intro.) of the statutes is amended to read:

SB209-engrossed,6,4 24.61 (2) (cm) Investments in land in this state. (intro.) The board may not invest moneys in the purchase of any land under par. (a) 10. unless all of the following occur:

SB209-engrossed,19 Section 19. 24.61 (3) (a) 14. of the statutes is created to read:

SB209-engrossed,6,8 24.61 (3) (a) 14. A local exposition district created under subch. II of ch. 229 for the purpose of financing acquisition, construction, and equipment costs for sports and entertainment arena facilities, as defined in s. 229.41 (11g).

SB209-engrossed,20 Section 20. 24.62 (3) of the statutes is amended to read:

SB209-engrossed,6,15 24.62 (3) If any land purchased under s. 24.61 (2) (a) 10. was at the time of purchase subject to assessment or levy of a real property tax, the board shall make annual payments in lieu of property taxes from the proceeds from the sale of timber or from appropriate trust fund incomes to the appropriate local governmental unit in an amount equal to property taxes levied on the land in the year prior to the year in which the board purchased the land.

SB209-engrossed,21 Section 21. 24.66 (3y) of the statutes is created to read:

SB209-engrossed,6,20 24.66 (3y) Local exposition district. An application for a loan by a local exposition district created under subch. II of ch. 229 shall be accompanied by a certified copy of a resolution of the district board of the local exposition district approving the loan.

SB209-engrossed,22 Section 22. 24.67 (1) (intro.) of the statutes is amended to read:

SB209-engrossed,7,2 24.67 (1) (intro.) If the board approves the application, it shall cause certificates of indebtedness to be prepared in proper form and transmitted to the municipality, cooperative educational service agency, local exposition district created under subch. II of ch. 229, local professional baseball park district created under subch. III of ch. 229, or federated public library system submitting the application. The certificate of indebtedness shall be executed and signed:

SB209-engrossed,23 Section 23. 24.67 (1) (q) of the statutes is created to read:

SB209-engrossed,7,5 24.67 (1) (q) For a local exposition district created under subch. II of ch. 229, by the chairperson of the district board.

SB209-engrossed,24 Section 24. 24.67 (3) of the statutes is amended to read: