2019 - 2020 LEGISLATURE
February 28, 2020 - Offered by Senator Tiffany.
SB157-SA1,1,11 At the locations indicated, amend the bill as follows:
SB157-SA1,1,2 21. Page 3, line 17: before “With" insert “(a) Definition.".
SB157-SA1,1,3 32. Page 3, line 19: delete “subsection" and substitute “paragraph".
SB157-SA1,1,4 43. Page 3, line 25: after that line insert:
SB157-SA1,1,10 5“(b) Bonding limitations. 1. The maximum amount of bond proceeds that a
6district may receive from bonds issued to fund the development and construction of
7an exposition center is $20,300,000. The district may receive additional proceeds
8from the bonds to pay issuance or administrative costs related to the bonds, to make
9deposits in reserve funds related to the bonds, to pay accrued or funded interest on
10the bonds, and to pay the costs of credit enhancement for the bonds.
SB157-SA1,1,1311 2. Notwithstanding the provisions of s. 229.50 (1) (c), the amount of all bonds,
12other than refunding bonds, that may be secured by all special debt service reserve
13funds 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 the city of Superior.”.
SB157-SA1,2,6 54. Page 4, line 1: delete “(a) Except as provided in par. (b), before" and
6substitute “Before".
SB157-SA1,2,7 75. Page 4, line 6: delete lines 6 to 9.