Amendment ASA1-AB75

AB75-ASA1,725,23 (g) Acquire, own, hold, use, lease as lessor or lessee, sell or otherwise dispose of, mortgage, pledge, or grant a security interest in any real or personal property or service.

AB75-ASA1,725,25 (h) Acquire property by condemnation using the procedure under s. 32.05 for the purposes set forth in this section.

AB75-ASA1,726,7 (i) Enter upon any state, county, or municipal street, road, or alley, or any public highway for the purpose of installing, maintaining, and operating the authority's facilities. Whenever the work is to be done in a state, county, or municipal highway, street, road, or alley, the public authority having control thereof shall be duly notified, and the highway, street, road, or alley shall be restored to as good a condition as existed before the commencement of the work with all costs incident to the work to be borne by the authority.

AB75-ASA1,726,9 (j) Fix, maintain, and revise fees, rates, rents, and charges for functions, facilities, and services provided by the authority.

AB75-ASA1,726,11 (k) Make, and from time to time amend and repeal, bylaws, rules, and regulations to carry into effect the powers and purposes of the authority.

AB75-ASA1,726,12 (L) Sue and be sued in its own name.

AB75-ASA1,726,13 (m) Have and use a corporate seal.

AB75-ASA1,726,16 (n) Employ agents, consultants, and employees, engage professional services, and purchase such furniture, stationery, and other supplies and materials as are reasonably necessary to perform its duties and exercise its powers.

AB75-ASA1,726,18 (o) Incur debts, liabilities, or obligations including the borrowing of money and the issuance of bonds under subs. (7) and (10).

AB75-ASA1,726,22 (p) Invest any funds held in reserve or sinking funds, or any funds not required for immediate disbursement, including the proceeds from the sale of any bonds, in such obligations, securities, and other investments as the authority deems proper in accordance with s. 66.0603 (1m).

AB75-ASA1,726,24 (q) Do and perform any acts and things authorized by this section under, through, or by means of an agent or by contracts with any person.

AB75-ASA1,727,3 (r) Exercise any other powers that the board of directors considers necessary and convenient to effectuate the purposes of the authority, including providing for passenger safety.

AB75-ASA1,727,14 (s) 1. Impose, by the adoption of a resolution by the board of directors, the taxes under subch. V of ch. 77 in the authority's jurisdictional area, except that no authority created under sub. (2) (b) may adopt such a resolution until an advisory referendum is held in the authority's jurisdictional area on the question of whether the authority's board of directors should impose the taxes under subch. V of ch. 77. If an authority adopts a resolution to impose the taxes, it shall deliver a certified copy of the resolution to the department of revenue at least 120 days before its effective date. The authority may, by adoption of a resolution by the board of directors, repeal the imposition of taxes under subch. V of ch. 77 and shall deliver a certified copy of the repeal resolution to the department of revenue at least 120 days before its effective date.

AB75-ASA1,728,8 2. If an authority adopts a resolution to impose the tax, as provided in subd. 1., an authority shall specify to the department of revenue, as provided in this subdivision, the exact boundaries of the authority's jurisdictional area. If the boundaries are the same as the county lines on all sides of the authority's jurisdictional area, the resolution shall specify the county or counties that comprise the authority's entire jurisdictional area. If the boundaries are other than a county line on any side of the authority's jurisdictional area, the authority shall provide the department with a complete list of all the 9-digit zip codes that are entirely within the authority's jurisdictional area and a complete list of all the street addresses that are within the authority's jurisdictional area and not included in any 9-digit zip code that is entirely within the authority's jurisdictional area. The authority shall provide a certified copy of the information required under this subdivision to the department, in the manner, format, and layout prescribed by the department, at least 120 days prior to the first day of the calendar quarter before the effective date of the tax imposed under subd. 1. If the boundaries of the authority's jurisdictional area subsequently change, the authority shall submit a certified copy of the information required under this subdivision to the department at least 120 days prior to the first day of the calendar quarter before the effective date of such change, in the manner, format, and layout prescribed by the department.

AB75-ASA1,728,11 (4m) Milwaukee County transit management. In addition to the powers specified in sub. (4), the authority created under sub. (2) (a) shall be responsible for the management of transit in Milwaukee County.

AB75-ASA1,728,18 (5) Limitations on authority powers. (a) Notwithstanding sub. (4) (a), (b), (c), (d), (q), and (r), no authority, and no public or private organization with which an authority has contracted for service, may provide service outside the jurisdictional area of the authority unless the authority receives financial support for the service under a contract with a public or other private organization for the service or unless it is necessary in order to provide service to connect residents within the authority's jurisdictional area to transit systems in adjacent counties.

AB75-ASA1,729,2 (b) Whenever the proposed operations of an authority would be competitive with the operations of a common carrier in existence prior to the time the authority commences operations, the authority shall coordinate proposed operations with the common carrier to eliminate adverse financial impact for the carrier. This coordination may include route overlapping, transfers, transfer points, schedule coordination, joint use of facilities, lease of route service, and acquisition of route and corollary equipment. If this coordination does not result in mutual agreement, the proposals of the authority and the common carrier shall be submitted to the department of transportation for arbitration.

AB75-ASA1,729,5 (c) In exercising its powers under subs. (4) and (4m), an authority shall consider any plan of a metropolitan planning organization under 23 USC 134 that covers any portion of the authority's jurisdictional area.

AB75-ASA1,729,10 (6) Authority obligations to employees of mass transportation systems. (a) An authority acquiring a comprehensive unified local transportation system for the purpose of the authority's operation of the system shall assume all of the employer's obligations under any contract between the employees and management of the system to the extent allowed by law.

AB75-ASA1,729,20 (b) An authority acquiring, constructing, controlling, or operating a comprehensive unified local transportation system shall negotiate an agreement with the representative of the labor organization that covers the employees affected by the acquisition, construction, control, or operation to protect the interests of employees affected. This agreement shall include all of the provisions identified in s. 59.58 (4) (b) 1. to 8. and may include provisions identified in s. 59.58 (4) (c). An affected employee has all the rights and the same status under subch. IV of ch. 111 that he or she enjoyed immediately before the acquisition, construction, control, or operation and may not be required to serve a probationary period if he or she attained permanent status before the acquisition, construction, control, or operation.

AB75-ASA1,729,22 (c) In all negotiations under this subsection, a senior executive officer of the authority shall be a member of the authority's negotiating body.

AB75-ASA1,730,2 (7) Bonds; generally. (a) An authority may issue bonds, the principal and interest on which are payable exclusively from all or a portion of any revenues received by the authority. The authority may secure its bonds by a pledge of any income or revenues from any operations, rent, aids, grants, subsidies, contributions, or other source of moneys whatsoever.

AB75-ASA1,730,4 (b) An authority may issue bonds in such principal amounts as the authority deems necessary.

AB75-ASA1,730,7 (c) 1. Neither the members of the board of directors of an authority nor any person executing the bonds is personally liable on the bonds by reason of the issuance of the bonds.

AB75-ASA1,730,12 2. The bonds of an authority are not a debt of the participating political subdivisions. Neither the participating political subdivisions nor the state are liable for the payment of the bonds. The bonds of any authority shall be payable only out of funds or properties of the authority. The bonds of the authority shall state the restrictions contained in this paragraph on the face of the bonds.

AB75-ASA1,730,23 (8) Issuance of bonds. (a) Bonds of an authority shall be authorized by resolution of the board of directors. The bonds may be issued under such a resolution or under a trust indenture or other security instrument. The bonds may be issued in one or more series and may be in the form of coupon bonds or registered bonds under s. 67.09. The bonds shall bear the dates, mature at the times, bear interest at the rates, be in the denominations, have the rank or priority, be executed in the manner, be payable in the medium of payment and at the places, and be subject to the terms of redemption, with or without premium, as the resolution, trust indenture, or other security instrument provides. Bonds of an authority are issued for an essential public and governmental purpose and are public instrumentalities and, together with interest and income, are exempt from taxes.

AB75-ASA1,730,25 (b) The authority may sell the bonds at public or private sales at the price or prices determined by the authority.

AB75-ASA1,731,4 (c) If an officer whose signatures appear on any bonds or coupons ceases to be an officer of the authority before the delivery of the bonds or coupons, the officer's signature shall, nevertheless, be valid for all purposes as if the officer had remained in office until delivery of the bonds or coupons.

AB75-ASA1,731,6 (9) Covenants. An authority may do all of the following in connection with the issuance of bonds:

AB75-ASA1,731,7 (a) Covenant as to the use of any or all of its property, real or personal.

AB75-ASA1,731,9 (b) Redeem the bonds, or covenant for the redemption of the bonds, and provide the terms and conditions of the redemption.

AB75-ASA1,731,16 (c) Covenant as to charge fees, rates, rents, and charges sufficient to meet operating and maintenance expenses, renewals, and replacements of any transportation system, principal and debt service on bonds creation and maintenance of any reserves required by a bond resolution, trust indenture, or other security instrument and to provide for any margins or coverages over and above debt service on the bonds that the board of directors considers desirable for the marketability of the bonds.

AB75-ASA1,731,21 (d) Covenant as to the events of default on the bonds and the terms and conditions upon which the bonds shall become or may be declared due before maturity, as to the terms and conditions upon which this declaration and its consequences may be waived, and as to the consequences of default and the remedies of bondholders.

AB75-ASA1,731,24 (e) Covenant as to the mortgage or pledge of, or the grant of a security interest in, any real or personal property and all or any part of the revenues of the authority to secure the payment of bonds, subject to any agreements with the bondholders.

AB75-ASA1,732,3 (f) Covenant as to the custody, collection, securing, investment, and payment of any revenues, assets, moneys, funds, or property with respect to which the authority may have any rights or interest.

AB75-ASA1,732,6 (g) Covenant as to the purposes to which the proceeds from the sale of any bonds may be applied, and as to the pledge of such proceeds to secure the payment of the bonds.

AB75-ASA1,732,9 (h) Covenant as to limitations on the issuance of any additional bonds, the terms upon which additional bonds may be issued and secured, and the refunding of outstanding bonds.

AB75-ASA1,732,11 (i) Covenant as to the rank or priority of any bonds with respect to any lien or security.

AB75-ASA1,732,15 (j) Covenant as to the procedure by which the terms of any contract with or for the benefit of the holders of bonds may be amended or abrogated, the amount of bonds, the holders of which must consent thereto, and the manner in which such consent may be given.

AB75-ASA1,732,18 (k) Covenant as to the custody and safekeeping of any of its properties or investments, the insurance to be carried on the property or investments, and the use and disposition of insurance proceeds.

AB75-ASA1,732,21 (L) Covenant as to the vesting in one or more trustees, within or outside the state, of those properties, rights, powers, and duties in trust as the authority determines.

AB75-ASA1,732,24 (m) Covenant as to the appointing of, and providing for the duties and obligations of, one or more paying agent or other fiduciaries within or outside the state.

AB75-ASA1,733,3 (n) Make all other covenants and do any act that may be necessary or convenient or desirable in order to secure its bonds or, in the absolute discretion of the authority, tend to make the bonds more marketable.

AB75-ASA1,733,7 (o) Execute all instruments necessary or convenient in the exercise of the powers granted under this section or in the performance of covenants or duties, which may contain such covenants and provisions as a purchaser of the bonds of the authority may reasonably require.

AB75-ASA1,733,19 (10) Refunding bonds. An authority may issue refunding bonds for the purpose of paying any of its bonds at or prior to maturity or upon acceleration or redemption. An authority may issue refunding bonds at such time prior to the maturity or redemption of the refunded bonds as the authority deems to be in the public interest. The refunding bonds may be issued in sufficient amounts to pay or provide the principal of the bonds being refunded, together with any redemption premium on the bonds, any interest accrued or to accrue to the date of payment of the bonds, the expenses of issue of the refunding bonds, the expenses of redeeming the bonds being refunded, and such reserves for debt service or other capital or current expenses from the proceeds of such refunding bonds as may be required by the resolution, trust indenture, or other security instruments. To the extent applicable, refunding bonds are subject to subs. (8) and (9).

AB75-ASA1,733,21 (11) Bonds eligible for investment. (a) Any of the following may invest funds, including capital in their control or belonging to them, in bonds of the authority:

AB75-ASA1,733,22 1. Public officers and agencies of the state.

AB75-ASA1,733,23 2. Local governmental units, as defined in s. 19.42 (7u).

AB75-ASA1,733,24 3. Insurance companies.

AB75-ASA1,733,25 4. Trust companies.

AB75-ASA1,733,26 5. Banks.

AB75-ASA1,734,2 6. Savings banks.

AB75-ASA1,734,3 7. Savings and loan associations.

AB75-ASA1,734,4 8. Investment companies.

AB75-ASA1,734,5 9. Personal representatives.

AB75-ASA1,734,6 10. Trustees.

AB75-ASA1,734,7 11. Other fiduciaries not listed in this paragraph.

AB75-ASA1,734,11 (b) The authority's bonds are securities that may be deposited with and received by any officer or agency of the state or any local governmental unit, as defined in s. 19.42 (7u), for any purpose for which the deposit of bonds or obligations of the state or any local governmental unit is authorized by law.

AB75-ASA1,734,20 (12) Budgets; rates and charges; audit. The board of directors of an authority shall annually prepare a budget for the authority. Except as provided in sub. (15), rates and other charges received by an authority shall be used only for the general expenses and capital expenditures of the authority, to pay interest, amortization, and retirement charges on bonds, and for specific purposes of the authority and may not be transferred to any political subdivision. The authority shall maintain an accounting system in accordance with generally accepted accounting principles and shall have its financial statements and debt covenants audited annually by an independent certified public accountant.

AB75-ASA1,734,23 (13) Withdrawal from authority. A participating political subdivision that joined an authority under sub. (2) (b) 3. may withdraw from an authority if all of the following conditions are met:

AB75-ASA1,734,25 (a) The governing body of the political subdivision adopts a resolution requesting withdrawal of the political subdivision from the authority.

AB75-ASA1,735,2 (b) The political subdivision has paid, or made provision for the payment of, all obligations of the political subdivision to the authority.

AB75-ASA1,735,10 (c) If a participating political subdivision withdraws from an authority, the authority shall provide the department of revenue with a certified copy of the resolution that approves the withdrawal. The withdrawal is effective on the first day of the calendar quarter that begins at least 120 days after the department receives the certified copy of the resolution approving the withdrawal. If the authority in which the withdrawing political subdivision continues to exist after the withdrawal, the authority shall provide information describing the exact boundaries of its jurisdictional area, as provided in sub. (4) (s) 2.

AB75-ASA1,735,12 (14) Duty to provide transit service. An authority shall provide, or contract for the provision of, transit service within the authority's jurisdictional area.

AB75-ASA1,735,16 (15) Requirements related to Milwaukee County authority's tax revenues. (a) Subject to par. (b), the authority created under sub. (2) (a) may use the revenues from taxes imposed by the authority under sub. (4) (s) to fund transit, parks, cultural, and emergency medical services programs in the authority's jurisdictional area.

AB75-ASA1,735,19 (b) The authority created under sub. (2) (a) shall annually pay to the city of Milwaukee an amount equal to 15 percent of the revenues from taxes imposed by the authority under sub. (4) (s).

AB75-ASA1,735,21 (c) Milwaukee County shall serve as the fiscal agent of the authority created under sub. (2) (a).

AB75-ASA1,736,2 (17) Other statutes. This section does not limit the powers of political subdivisions to enter into intergovernmental cooperation or contracts or to establish separate legal entities under s. 66.0301 or 66.1021 or any other applicable law, or otherwise to carry out their powers under applicable statutory provisions. Section 66.0803 (2) does not apply to an authority.

AB75-ASA1, s. 1489 Section 1489. 66.1105 (6) (ae) of the statutes is created to read:

AB75-ASA1,736,7 66.1105 (6) (ae) With regard to each district for which the department of revenue authorizes the allocation of a tax increment under par. (a), the department shall charge the city that created the district an annual administrative fee of $150 that the city shall pay to the department no later than May 15.

AB75-ASA1, s. 1490 Section 1490. 66.1106 (7) (am) of the statutes is created to read:

AB75-ASA1,736,13 66.1106 (7) (am) With regard to each district for which the department authorizes the allocation of a tax increment under par. (a), the department shall charge the political subdivision that created the district an annual administrative fee of $150 that the political subdivision shall pay to the department no later than May 15.

AB75-ASA1, s. 1491 Section 1491. 66.1113 (1) (a) of the statutes is amended to read:

AB75-ASA1,736,22 66.1113 (1) (a) "Infrastructure expenses" means the costs of purchasing, constructing, or improving parking lots; access ways; transportation facilities, including roads and bridges; sewer and water facilities; exposition center facilities used primarily for conventions, expositions, trade shows, musical or dramatic events, or other events involving educational, cultural, recreational, sporting, or commercial activities; parks, boat ramps, beaches, and other recreational facilities; fire fighting equipment; police vehicles; ambulances; and other equipment or materials dedicated to public safety or public works.

AB75-ASA1, s. 1492 Section 1492. 66.1305 (2) (a) 2. of the statutes is repealed and recreated to read:

AB75-ASA1,737,2 66.1305 (2) (a) 2. "Technology-based incubator" means a facility that provides a new or expanding technically-oriented business with all of the following:

AB75-ASA1,737,3 a. Office and laboratory space.

AB75-ASA1,737,4 b. Shared clerical and other support service.

AB75-ASA1,737,5 c. Managerial and technical assistance.

AB75-ASA1, s. 1493 Section 1493. 66.1305 (2) (c) 3. of the statutes is repealed.

AB75-ASA1, s. 1494 Section 1494. 66.1333 (2m) (d) 8. of the statutes is amended to read:

AB75-ASA1,737,11 66.1333 (2m) (d) 8. Studying the feasibility of an initial design for a technology-based incubator, and developing and operating a technology-based incubator and applying for a grant under s. 560.14 (3) in connection with a technology-based incubator.

AB75-ASA1, s. 1495 Section 1495. 66.1333 (2m) (t) of the statutes is repealed and recreated to read:

AB75-ASA1,737,15 66.1333 (2m) (t) "Technology-based incubator" means a facility that provides a new or expanding technically-oriented business with all of the following:

AB75-ASA1,737,16 1. Office and laboratory space.

AB75-ASA1,737,17 2. Shared clerical and other support service.

AB75-ASA1,737,18 3. Managerial and technical assistance.

AB75-ASA1, s. 1496 Section 1496. 67.01 (5) of the statutes is amended to read:

AB75-ASA1,738,2 67.01 (5) "Municipality" means any of the following which is authorized to levy a tax: a county, city, village, town, school district, board of park commissioners, technical college district, metropolitan sewerage district created under ss. 200.01 to 200.15 or 200.21 to 200.65, town sanitary district under subch. IX of ch. 60, transit authority created under s. 66.1039, public inland lake protection and rehabilitation district established under s. 33.23, 33.235, or 33.24 , and any other public body empowered to borrow money and issue obligations to repay the money out of public funds or revenues. "Municipality" does not include the state.