2019 - 2020 LEGISLATURE
October 23, 2019 - Offered by Representative Milroy.
AB167-AA1,1,11 At the locations indicated, amend the bill as follows:
AB167-AA1,1,2 21. Page 3, line 17: before “With" insert “(a) Definition.".
AB167-AA1,1,3 32. Page 3, line 25: after that line insert:
AB167-AA1,1,9 4“(b) Bonding limitations. 1. The maximum amount of bond proceeds that a
5district may receive from bonds issued to fund the development and construction of
6an exposition center is $20,300,000. The district may receive additional proceeds
7from the bonds to pay issuance or administrative costs related to the bonds, to make
8deposits in reserve funds related to the bonds, to pay accrued or funded interest on
9the bonds, and to pay the costs of credit enhancement for the bonds.
AB167-AA1,1,1210 2. Notwithstanding the provisions of s. 229.50 (1) (c), the amount of all bonds,
11other than refunding bonds, that may be secured by all special debt service reserve
12funds of the district shall not exceed $20,000,000.”.
1(c) Dissolution of a district. Notwithstanding the provisions of s. 229.477,
2subject to providing for the payment of its bonds, including interest on the bonds, and
3the performance of its other contractual obligations, a district shall be dissolved by
4the joint action of the district's board of directors and city of Superior.”.
AB167-AA1,2,6 53. Page 4, line 1: delete “(a) Except as provided in par. (b), before" and
6substitute “Before".
AB167-AA1,2,7 74. Page 4, line 6: delete lines 6 to 9.