Amendment SA1-SB188

LRBa0649/1

MES:cjs:pg

2003 - 2004 LEGISLATURE

SENATE AMENDMENT 1, TO 2003 SENATE BILL 188

June 16, 2003 - Offered by Committee on Economic Development, Job Creation and Housing.

SB188-SA1,1,1 At the locations indicated, amend the bill as follows:

SB188-SA1,1,3 1. Page 4, line 14: delete "as often as the plan commission considers necessary" and substitute "not more than once".

SB188-SA1,1,4 2. Page 7, line 12: after that line insert:

SB188-SA1,1,5 " Section 8m. 66.1105 (6) (d) 1. of the statutes is amended to read:

SB188-SA1,2,2 66.1105 (6) (d) 1. After Subject to subd. 1m., after the date on which a tax incremental district pays off the aggregate of all of its project costs under its project plan, but not later than the date on which a tax incremental district terminates under sub. (7) (am), a planning commission may amend under sub. (4) (h) 1. the project plan of such a tax incremental district to allocate positive tax increments generated by that tax incremental district to another tax incremental district created by that planning commission in which soil affected by environmental pollution exists to the extent that development has not been able to proceed according to the project plan because of the environmental pollution.

SB188-SA1, s. 8s Section 8s. 66.1105 (6) (d) 1m. of the statutes is created to read:

SB188-SA1,2,8 66.1105 (6) (d) 1m. After December 31, 2016, subd. 1. applies only to Tax Incremental District Number One, Tax Incremental District Number Four, and Tax Incremental District Number Five in the City of Kenosha, and no increments may be allocated under that subdivision, after December 31, 2016, unless the allocation is approved by the joint review board.".

SB188-SA1,2,9 (End)