Amendment AA2-AB670

LRBa2028/1

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2005 - 2006 LEGISLATURE

ASSEMBLY AMENDMENT 2, TO 2005 ASSEMBLY BILL 670

January 6, 2006 - Offered by Representative Sherman.

AB670-AA2,1,1 At the locations indicated, amend the bill as follows:

AB670-AA2,1,3 1. Page 2, line 1: delete "The" and substitute "The Except as provided in par. (c), the".

AB670-AA2,1,4 2. Page 2, line 3: delete that line and substitute:

AB670-AA2,1,6 "2. The town, village or city Except as provided in par. (c), the county treasurer shall settle for the amounts".

AB670-AA2,1,8 3. Page 2, line 10: delete "The" and substitute "The Except as provided in par. (c), the".

AB670-AA2,1,9 4. Page 2, line 15: delete that line and substitute:

AB670-AA2,1,11 "2. The town, village or city Except as provided in par. (c), the county treasurer shall settle for the amounts".

AB670-AA2,1,13 5. Page 2, line 23: delete the material beginning with that line and ending with page 3, line 4, and substitute:

AB670-AA2,2,1 " Section 1m. 79.10 (7m) (c) of the statutes is created to read:

AB670-AA2,2,8 79.10 (7m) (c) Distribution to certain municipalities. 1. If, in any year, the total of the amounts determined under subs. (4) and (5) for any municipality is $3,000,000 or more, the municipality, with the approval of the majority of the members of the municipality's governing body, may notify the department of administration to distribute the amounts directly to the municipality and the department of administration shall distribute the amounts at the time and in the manner provided under pars. (a) 1. and (b) 1.

AB670-AA2,2,14 2. The treasurer of the municipality shall settle for the amounts distributed under par. (a) 1. on the 4th Monday in July with the appropriate county treasurer not later than August 20. Failure to settle timely under this subdivision subjects the treasurer of the municipality to the penalties under s. 74.31. On or before August 20, the county treasurer shall settle with each taxing jurisdiction, including towns, villages, and cities, except 1st class cities, in the county.

AB670-AA2,2,21 3. The treasurer of the municipality shall settle for the amounts distributed under par. (b) 1. on the 4th Monday in March with each taxing jurisdiction within the taxation district not later than April 15. Failure to settle timely under this subdivision subjects the treasurer of the municipality to the penalties under s. 74.31. On or before August 20, the county treasurer shall settle with each taxing jurisdiction, including towns, villages, and cities, except 1st class cities, in the county.

AB670-AA2, s. 2m Section 2m. 79.10 (8) of the statutes is renumbered 79.10 (8) (b).

AB670-AA2, s. 2n Section 2n. 79.10 (8) (a) of the statutes is created to read:

AB670-AA2,3,3 79.10 (8) (a) If a county receives a payment under this section that, under s. 16.53, is made after the date specified in this section, that county shall as soon as possible distribute to each municipality and taxing jurisdiction in the county, the municipality's and taxing jurisdiction's share of the payment and of the interest in respect to that payment.".

AB670-AA2,3,4 (End)