AB643-AA2,2,6
7"
(5) Consideration of waiver; reallocation. For a reallocation made under
8this section after March 1, 2010, but before June 1, 2010, before making the
9reallocation, the department shall consider the amount of recovery zone bond
10limitation allocation waived under s. 66.1104 (2) (a) or (b) by each city or county then
11seeking a reallocation under this section. The department shall reallocate from the
12aggregated waived allocation, as that term is used in sub. (1), an allocation of the
13recovery zone bond limitation to a project in a city or county that waived an allocation
1under s. 66.1104 (2) (a) or (b) in an amount up to the total limitation allocation waived
2by the city or county or equal to the limitation allocation determined by the city or
3county to be necessary for the project, whichever is less. In the event requests by
4cities and counties for a reallocation under this section exceed the aggregated waived
5allocation, the department shall prorate the available waived allocation among cities
6and counties in proportion to the amount waived by the cities and counties.".