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466.0817 Sale or lease of municipal public utility plant. (intro.)
A
Except
5as provided in sub. (8), a town, village or city may sell or lease any complete public
6utility plant owned by it in the following manner:".
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66.0817
(8) (a) In this subsection, "foreign person" means any of the following:
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1. An individual who is not a U.S. citizen.
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2. A business entity that is organized or created under the laws of another
12country.
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13. A business entity that is owned or controlled by an individual specified in
2subd. 1. or by another business entity organized or created under the laws of another
3country.
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(b) A town, village, or city may not sell or lease to a foreign person any plant
5or portion of a plant used to provide water or sewer service.".
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7"
(2m) The treatment of section 66.0817 (intro.) and (8) of the statutes first
8applies to sales under contracts entered into on the effective date of this subsection
9and leases entered into, or extended, modified, or renewed, on the effective date of
10this subsection.".