1999 Wisconsin Act 85

85,17 Section 17. 234.42 (1) of the statutes is renumbered 234.42 (1s).

Note: Renumbers provision to accommodate moving a definition to the beginning of the section in accordance with current style. See the next two sections of this bill.

85,18 Section 18. 234.42 (1g) of the statutes is created to read:

234.42 (1g) In this section "veterans capital reserve fund requirement" means an amount equal to the maximum amount, in any succeeding year, of principal and interest, other than principal and interest for which sinking fund payments are specified in any resolution of the authority authorizing veterans housing bonds of the authority then outstanding, maturing and becoming due in that succeeding year on all veterans housing bonds of the authority then outstanding, except veterans housing bonds due in that succeeding year issued to provide funds for mortgage loans through the purchase of mortgages or mortgage-backed securities guaranteed by the United States or an agency or instrumentality of the United States, plus all amounts specified in any resolution of the authority authorizing veterans housing bonds of the authority then outstanding as payable as a sinking fund payment in such year.

Note: The definition previously contained in sub. (2) is moved to a separate subsection at the beginning of the section, parentheses are replaced, commas deleted and disfavored terms replaced in accordance with current style.

85,19 Section 19. 234.42 (2) of the statutes is renumbered 234.42 (2) (a) (intro.) and amended to read:

234.42 (2) (a) (intro.) All moneys held in the veterans capital reserve fund, except as otherwise specifically provided, shall be used solely for any of the following purposes:

1. The payment of the principal of veterans housing bonds of the authority as the same mature, the.

2. The making of sinking fund payments with respect to veterans housing bonds of the authority, the.

3. The purchase of veterans housing bonds of the authority, the.

4. The payment of interest on veterans housing bonds of the authority or the.

5. The payment of any redemption premium required to be paid when veterans housing bonds are redeemed prior to maturity.

(b) Except for the purpose of paying principal of and interest on veterans housing bonds of the authority maturing and becoming due and for the payment of which other moneys of the authority are not available, and except for making sinking fund payments with respect to veterans housing bonds of the authority and for the payment of which other moneys of the authority are not available, moneys in the veterans capital reserve fund shall not be withdrawn at any time in such an amount as that would reduce the fund to less than an amount, called in this section "the veterans capital reserve fund requirement", equal to the maximum amount, in any succeeding year, of principal and interest, other than principal and interest for which sinking fund payments are specified in any resolution of the authority authorizing veterans housing bonds of the authority then outstanding, maturing and becoming due in such year on all veterans housing bonds of the authority then outstanding (other than veterans housing bonds due in such year issued to provide funds for mortgage loans through the purchase of mortgages or mortgage-backed securities guaranteed by the United States or an agency or instrumentality of the United States) plus all amounts specified, in any resolution of the authority authorizing veterans housing bonds of the authority then outstanding, as payable as a sinking fund payment in such year. Any income or interest earned by, or increment to, the veterans capital reserve fund due to the investment thereof of the fund may be transferred by the authority to the veterans housing bond redemption fund to the extent it does not reduce the amount of the veterans capital reserve fund below the veterans capital reserve fund requirement.

Note: Subdivides long subsection in outline form, inserts specific reference and replaces disfavored term for improved readability and conformity with current style. The definition of "veterans capital reserve fund requirement" is moved to a separate definition subsection at the beginning of the section consistent with current style. See the previous section of this bill.

85,20 Section 20. 234.623 of the statutes is amended to read:

234.623 Eligibility. The authority shall make loans to participants a participant who meets all of the following requirements:

(1) Apply The participant applies on forms prescribed by the authority for a loan to pay property taxes or special assessments by June 30 of the year in which the taxes or special assessments are payable on a qualifying dwelling unit and, except as provided in s. 234.625 (5), specify specifies the names of all coowners;.

(2) Reside The participant resides in the qualifying dwelling unit more than 6 months of the year preceding each year of participation, but temporary residency in a health care facility may be substituted for any portion of this 6-month residency;.

(3) Keep The participant keeps continuously in effect during the period that a loan is outstanding under ss. 234.621 to 234.626 a fire and extended casualty insurance policy on the qualifying dwelling unit satisfactory to the authority and permit permits the authority to be named on the policy as a lienholder; and.

(4) Either The participant either individually or with other coowners own owns the qualifying dwelling unit free and clear. If the qualifying dwelling unit is owned with coowners, each of these persons must approve the application under sub. (1).

(5) Earned The participant earned no more than $20,000 in income, as defined under s. 71.52 (5), in the year prior to the year in which the property taxes or special assessments for which the loan is made are due.

Note: Amends provision (intro.) for conformity with current style for (intro.) provisions and amends the subsequent subsections accordingly. Replaces punctuation for internal consistency and conformity with current style.

85,21 Section 21. 234.65 (3) (intro.) of the statutes is amended to read:

234.65 (3) (intro.) The Except as provided in sub. (3g), the authority may finance an economic development loan only if all of the following conditions are met:

85,22 Section 22 . 234.65 (3) (a) 1. of the statutes is renumbered 234.65 (3) (a) and amended to read:

234.65 (3) (a) The business which that will receive the loan, at least 30 days prior to signing of the loan contract, has given notice of intent to sign the contract, on a form prescribed under s. 560.034 (1), to the department of commerce and to any collective bargaining agent in this state with whom the person has a collective bargaining agreement; and.

85,23 Section 23 . 234.65 (3) (a) 2. of the statutes is renumbered 234.65 (3) (am) and amended to read:

234.65 (3) (am) The authority has received an estimate issued under s. 560.034 (5) (b), and the department of commerce has estimated whether the project which that the authority would finance under the loan is expected to eliminate, create or maintain jobs on the project site and elsewhere in this state and the net number of jobs expected to be eliminated, created or maintained as a result of the project.

Note: Section 234.65 (3) (a) 3. and 4. are renumbered to s. 234.65 (3g) (a) and (b) by the next section of this bill and s. 234.65 (3) (intro.) is amended to reflect the renumbering. See the next section of this bill. Section 234.65 (3) (a) 1. and 2. are renumbered. Incorrectly used "which" is replaced consistent with current style.

85,24 Section 24. 234.65 (3) (a) 3. and 4. of the statutes are renumbered 234.65 (3g) (a) and (b) and amended to read:

234.65 (3g) (a) Nothing in this paragraph sub. (3) (a) or (am) may be deemed considered to require a business signing a loan contract to satisfy an estimate under subd. 2. sub. (3) (am).

(b) Subdivisions 1. to 3. Paragraph (a) and sub. (3) (a) and (am) do not apply to a person engaged in the business of operating a railroad or to an economic development loan to finance an economic development project described under s. 234.01 (4n) (c).

Note: Section 234.65 (3) (a) 3. and 4. are renumbered to a separate provision as subds. 3. and 4. are not read together with subds. 1. and 2. and do not fit grammatically under sub. (3) (intro.). Replaces disfavored term and amends cross-references consistent with the renumbering by section.

85,25 Section 25. 234.94 (2) (intro.) of the statutes is amended to read:

234.94 (2) (intro.) "Community development corporation" means any of the following:

Note: Amends provision for conformity with current style for (intro.) provisions.

85,26 Section 26. 234.94 (2) (b) of the statutes is amended to read:

234.94 (2) (b) A corporation organized under ch. 181 that satisfies all of the following requirements:

1. That The corporation is organized to operate within specific geographic boundaries;.

2. That The corporation permits all adults residing in the area of operation to become members of the corporation and limits voting membership of persons not residing in the area to not more than 10% of the total membership;.

2m. That The corporation is a nonprofit corporation, as defined in s. 181.0103 (17).

3. That The corporation has a board of directors, a majority of whom reside in a target area or are members of a target group;.

4. That The corporation makes a demonstrable effort to hire low-income or underemployed residents of the operating area;.

5. Whose The corporation's purpose is to promote the employment of members of a target group through projects that meet the conditions specified in s. 234.96 (1) (a) to (d);.

6. That The corporation demonstrates a commitment to involving residents of target areas or members of target groups in projects; and.

7. That The corporation petitions the authority for designation as a community development corporation.

Note: Amends (intro.) paragraph in accordance with current style for (intro.) provisions and amends the subsequent subdivisions to correspond with the amended (intro.). Replaces punctuation for internal consistency and conformity with current style.

85,27 Section 27. 236.20 (intro.) of the statutes is amended to read:

236.20 Final plat. (intro.) A final plat of subdivided land shall comply with all of the following requirements:

Note: Amends provision for conformity with current style for (intro.) provisions.

85,28 Section 28. 236.20 (1) (intro.) and (a) of the statutes are amended to read:

236.20 (1) General requirements. (intro.) All plats shall be legibly prepared in the following manner and meet all of the following requirements:

(a) With The plat shall have a binding margin 1 1/2 inches wide on the left side, and a one-inch margin on all other sides. A graphic scale of not more than 100 feet to one inch shall be shown on each sheet showing layout features. When more than one sheet is used for any plat, each sheet shall be numbered consecutively and shall contain a notation giving the total number of sheets in the plat and showing the relation of that sheet to the other sheets and each sheet shall bear the subdivision and county name.

Note: Amends (intro.) for conformity with current style for (intro.) provisions and amends sub. (1) (a) accordingly.

85,29 Section 29. 236.20 (2) (intro.) of the statutes is amended to read:

236.20 (2) Map and engineering information. (intro.) The final plat shall show correctly on its face all of the following:

Note: Amends provision for conformity with current style for (intro.) provisions.

85,30 Section 30. 236.20 (3) (intro.) and (a) of the statutes are amended to read:

236.20 (3) Name, location and position. (intro.) The name of the plat shall be printed thereon in prominent letters, and shall not be a duplicate of the name of any plat previously recorded in the same county or municipality. The All of the following information relating to the position and location of the subdivision shall be shown on the plat:

(a) The location of the subdivision by government lot, recorded private claim, quarter-quarter section, section, township, range and county noted immediately under the name given the subdivision;.

Note: Amends (intro.) in accordance with current style for (intro.) provisions and replaces punctuation for internal consistency and conformity with current style.

85,31 Section 31. 236.20 (4) (b) of the statutes is amended to read:

236.20 (4) (b) All lands dedicated to public use except roads and streets shall be clearly marked "Dedicated to the Public";.

Note: Replaces punctuation for internal consistency and conformity with current style.

85,32 Section 32. 236.20 (5) of the statutes is amended to read:

236.20 (5) Site conditions and topography. The final plat shall show all of the following:

(a) All existing buildings;.

(b) All watercourses, drainage ditches and other existing features pertinent to proper subdivision;.

(c) The water elevations of adjoining lakes or streams at the date of the survey and the approximate high and low water elevations of such those lakes or streams. All elevations shall be referred to some permanent established datum plane.

Note: Amends (intro.) in accordance with current style for (intro.) provisions and replaces punctuation for internal consistency and conformity with current style. Replaces disfavored term.

85,33 Section 33. 236.21 (1) (intro.), (a) and (c) of the statutes are amended to read:

236.21 (1) Surveyor's certificate of compliance with statute. (intro.) The certificate of the surveyor who surveyed, divided and mapped the land giving all of the following information, which shall have the same force and effect as an affidavit:

(a) By whose direction the surveyor made the survey, subdivision and plat of the land described on the plat; .

(c) A statement that the plat is a correct representation of all the exterior boundaries of the land surveyed and the subdivision of it;.

Note: Amends (intro.) in accordance with current style for (intro.) provisions and replaces punctuation for internal consistency and conformity with current style.

85,34 Section 34. 236.21 (1) (b) of the statutes is amended to read:

236.21 (1) (b) A clear and concise description of the land surveyed, divided and mapped by government lot, recorded private claim, quarter-quarter section, section, township, range and county; and by metes and bounds commencing with a monument at a section or quarter section corner of the quarter section and not at the center of the section, or at the end of a boundary line of a recorded private claim or federal reservation in which the subdivision is located; or if. If the land is located in a recorded subdivision or recorded addition thereto, then the land shall be described by the number or other description of the lot, block or subdivision thereof, which that has previously been tied to a corner marked and established by the U.S. public land survey.

Note: Breaks up long sentence to improve readability. Replaces "which" with "that" to correct grammar.

85,35 Section 35. 236.295 (1) (intro.) and (a) of the statutes are amended to read:

236.295 (1) (intro.) Correction instruments may be recorded in the office of the register of deeds in the county in which the plat or certified survey map is recorded and may include any of the following:

(a) Affidavits to correct distances, angles, directions, bearings, chords, block or lot numbers, street names or other details shown on a recorded plat or certified survey map; and.

Note: Amends (intro.) in accordance with current style for (intro.) provisions and replaces punctuation for internal consistency and conformity with current style.

85,36 Section 36. 242.01 (7) (a) 3. and 4. of the statutes are amended to read:

242.01 (7) (a) 3. A general partner in a partnership described in subd. 2.; or

4. A corporation of which the debtor is a director, officer or person in control.; or

Note: Modifies punctuation consistent with the remainder of the section.

85,37 Section 37. 280.15 (4) of the statutes is amended to read:

280.15 (4) Except as herein otherwise provided, no person, firm or corporation shall engage in the industry of well drilling or pump installing for compensation in this state without having duly registered and obtained a permit therefor as herein provided. No permit shall be person is required of any person to obtain a permit under this section for driving, digging or otherwise obtaining groundwater supply on real estate owned or leased by him that person, but such the well and the work done thereon shall comply and be in conformity with the law and the rules and regulations prescribed promulgated by the department.

Note: Deletes redundant sentence. 1983 Wis. Act 27 added the following to sub. (1) without treating sub. (4):