Amendment SA11-AB768

LRBb3285/1

PG&KSH:kmg:ijs

1997 - 1998 LEGISLATURE

SENATE AMENDMENT 11, TO 1997 ASSEMBLY BILL 768

May 7, 1998 - Offered by Senator Wineke.

AB768-SA11,1,2 At the locations indicated, amend the bill, as shown by assembly substitute amendment 1, as follows:

AB768-SA11,1,6 1. Page 32, line 5: delete the material beginning with "1997" and ending with "the" on line 7 and substitute "1997-98 fiscal year a sum sufficient equal to the amount transferred to the property tax relief fund under 1997 Wisconsin Act 27 .... (this act), section 9256 (3x) (c) 2. (1k) (a), and in the".

AB768-SA11,1,7 2. Page 32, line 10: after " (1k)" insert "(b)".

AB768-SA11,1,8 3. Page 294, line 10: delete lines 10 to 15 and substitute:

AB768-SA11,2,2 "121.15 (1m) (a) 1. The amount appropriated in the 1997-98 fiscal year under s. 20.255 (2) (q) shall be paid to school districts on the 3rd Monday in June, and the difference between $75,000,000 and the amount transferred to the property tax relief fund under 1997 Wisconsin Act 27, section 9256 (3x) (c) 2., $60,000,000 shall be paid to school districts on the 4th Monday in July, 1998, from the appropriation under s. 20.255 (2) (ac).".

AB768-SA11,2,3 4. Page 294, line 22: substitute "$60,000,000" for "$75,000,000".

AB768-SA11,2,4 5. Page 295, line 5: substitute "$60,000,000" for "$75,000,000".

AB768-SA11,2,5 6. Page 558, line 1: before that line insert:

AB768-SA11,2,6 "(1k) Property tax relief fund transfers.

AB768-SA11,2,8 (a) On or before June 15, 1998, there is transferred $15,000,000 from the general fund to the property tax relief fund.".

AB768-SA11,2,9 7. Page 558, line 1: delete that line and substitute:

AB768-SA11,2,10 "(b) On or before June 21, 1999, there is".

AB768-SA11,2,11 (End)