AB133-ASA1-AA3,1,114
119.04
(1) Subchapters IV, V and VII of ch. 115, ch. 121 and ss. 66.03 (3) (c),
5115.01 (1) and (2), 115.28, 115.31, 115.33, 115.34, 115.343, 115.345, 115.361, 115.38
6(2), 115.45, 118.001 to 118.04, 118.06, 118.07, 118.10, 118.12, 118.125 to 118.14,
7118.145 (4), 118.15, 118.153, 118.16, 118.162, 118.163, 118.164, 118.18, 118.19,
8118.20, 118.24 (1), (2) (c) to (f), (6) and (8), 118.245, 118.255, 118.258, 118.30 to 118.43,
9118.51, 118.52, 118.55, 120.12 (5) and (15) to (25), 120.125, 120.13 (1), (2) (b) to (g),
10(3), (14), (17) to (19), (26), (34) and (35)
, 120.135 and 120.14 are applicable to a 1st
11class city school district and board.".
AB133-ASA1-AA3,2,7
2120.135 Capital improvement fund. (1) By the first day of the 6th month
3commencing after the effective date of this subsection .... [revisor inserts date], by a
4two-thirds vote of the members elect, a school board may adopt a resolution creating
5a capital improvement fund for the purpose of financing the cost of acquiring and
6improving sites, constructing school facilities and major maintenance of or
7remodeling, renovating and improving school facilities.
AB133-ASA1-AA3,2,18
8(2) If a tax incremental district that is located in whole or in part in the school
9district is terminated before the maximum number of years that the tax incremental
10district would have existed under s. 66.46 (7) (am) or (ar), in each year in which the
11school board adopts a resolution by a two-thirds vote of the members elect expressing
12its intention to do so until the year after the year in which the tax incremental district
13would have been required to terminate under s. 66.46 (7) (am) or (ar), the school
14board shall deposit into the capital improvement fund the percentage specified in the
15resolution of the school district's portion of the positive tax increment of the tax
16incremental district in that year, as determined by the department of revenue under
17s. 66.46. If the value increment is less than $300,000,000, the percentage specified
18in the resolution may not exceed 66.7%.
AB133-ASA1-AA3,2,21
19(3) The school board shall use the balance of the school district's portion of the
20positive tax increment of the tax incremental district to reduce the levy that
21otherwise would be imposed.
AB133-ASA1-AA3,2,24
22(4) Money in the capital improvement fund may not be used for any purpose
23or be transferred to any other fund without the approval of a majority of the electors
24of the school district voting on the question at a referendum.
AB133-ASA1-AA3,3,3
1(5) The school board shall submit a report by January 1 of each odd-numbered
2year to the governor and the joint committee on finance describing the use of the
3moneys deposited into the fund under sub. (1) and the effects of that use.".
AB133-ASA1-AA3,3,1210
121.91
(4) (h) The limit otherwise applicable to a school district under sub. (2m)
11in any school year is increased by an amount equal to the amount deposited into the
12capital improvement fund under s. 120.135 in that school year.".
