Amendment AA1-AB1156

LRBa2874/1

MES:kjf:jf

2005 - 2006 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2005 ASSEMBLY BILL 1156

April 12, 2006 - Offered by Committee on Ways and Means.

AB1156-AA1,1,1 At the locations indicated, amend the bill as follows:

AB1156-AA1,1,2 1. Page 7, line 15: delete lines 15 to 24 and substitute:

AB1156-AA1,1,4 " Section 22m. 66.0617 (9) (a) of the statutes, as affected by 2005 Wisconsin Act 203, is amended to read:

AB1156-AA1,2,3 66.0617 (9) (a) Subject to par. (b), an ordinance enacted under this section shall specify that impact fees that are imposed and collected by a political subdivision municipality but are not used within 7 years after they are collected to pay the capital costs for which they were imposed shall be refunded to the current owner of the property with respect to which the impact fees were imposed, along with any interest that has accumulated, in described in sub. (8). The ordinance shall specify, by type of public facility, reasonable time periods within which impact fees must be spent or refunded under this subsection, subject to the 7-year limit in this paragraph and the extended time period specified in par. (b). In determining the length of the time periods under the ordinance, a political subdivision municipality shall consider what are appropriate planning and financing periods for the particular types of public facilities for which the impact fees are imposed.".

AB1156-AA1,2,4 2. Page 8, line 1: delete lines 1 and 2.

AB1156-AA1,2,5 (End)