AB1-ASA1-AA26,16,2322 (b) The authority may sell the bonds at public or private sales at the price or
23prices determined by the authority.
AB1-ASA1-AA26,17,224 (c) If an officer whose signatures appear on any bonds or coupons ceases to be
25an officer of the authority before the delivery of the bonds or coupons, the officer's

1signature shall, nevertheless, be valid for all purposes as if the officer had remained
2in office until delivery of the bonds or coupons.
AB1-ASA1-AA26,17,4 3(9) Covenants. An authority may do all of the following in connection with the
4issuance of bonds:
AB1-ASA1-AA26,17,55 (a) Covenant as to the use of any or all of its property, real or personal.
AB1-ASA1-AA26,17,76 (b) Redeem the bonds, or covenant for the redemption of the bonds, and provide
7the terms and conditions of the redemption.
AB1-ASA1-AA26,17,148 (c) Covenant as to charge fees, rates, rents, and charges sufficient to meet
9operating and maintenance expenses, renewals, and replacements of any
10transportation system, principal and debt service on bonds creation and
11maintenance of any reserves required by a bond resolution, trust indenture, or other
12security instrument and to provide for any margins or coverages over and above debt
13service on the bonds that the board of directors considers desirable for the
14marketability of the bonds.
AB1-ASA1-AA26,17,1915 (d) Covenant as to the events of default on the bonds and the terms and
16conditions upon which the bonds shall become or may be declared due before
17maturity, as to the terms and conditions upon which this declaration and its
18consequences may be waived, and as to the consequences of default and the remedies
19of bondholders.
AB1-ASA1-AA26,17,2220 (e) Covenant as to the mortgage or pledge of, or the grant of a security interest
21in, any real or personal property and all or any part of the revenues of the authority
22to secure the payment of bonds, subject to any agreements with the bondholders.
AB1-ASA1-AA26,17,2523 (f) Covenant as to the custody, collection, securing, investment, and payment
24of any revenues, assets, moneys, funds, or property with respect to which the
25authority may have any rights or interest.
AB1-ASA1-AA26,18,3
1(g) Covenant as to the purposes to which the proceeds from the sale of any bonds
2may be applied, and as to the pledge of such proceeds to secure the payment of the
3bonds.
AB1-ASA1-AA26,18,64 (h) Covenant as to limitations on the issuance of any additional bonds, the
5terms upon which additional bonds may be issued and secured, and the refunding
6of outstanding bonds.
AB1-ASA1-AA26,18,87 (i) Covenant as to the rank or priority of any bonds with respect to any lien or
8security.
AB1-ASA1-AA26,18,129 (j) Covenant as to the procedure by which the terms of any contract with or for
10the benefit of the holders of bonds may be amended or abrogated, the amount of
11bonds, the holders of which must consent thereto, and the manner in which such
12consent may be given.
AB1-ASA1-AA26,18,1513 (k) Covenant as to the custody and safekeeping of any of its properties or
14investments, the insurance to be carried on the property or investments, and the use
15and disposition of insurance proceeds.
AB1-ASA1-AA26,18,1816 (L) Covenant as to the vesting in one or more trustees, within or outside the
17state, of those properties, rights, powers, and duties in trust as the authority
18determines.
AB1-ASA1-AA26,18,2119 (m) Covenant as to the appointing of, and providing for the duties and
20obligations of, one or more paying agent or other fiduciaries within or outside the
21state.
AB1-ASA1-AA26,18,2422 (n) Make all other covenants and do any act that may be necessary or
23convenient or desirable in order to secure its bonds or, in the absolute discretion of
24the authority, tend to make the bonds more marketable.
AB1-ASA1-AA26,19,4
1(o) Execute all instruments necessary or convenient in the exercise of the
2powers granted under this section or in the performance of covenants or duties,
3which may contain such covenants and provisions as a purchaser of the bonds of the
4authority may reasonably require.
AB1-ASA1-AA26,19,16 5(10) Refunding bonds. An authority may issue refunding bonds for the
6purpose of paying any of its bonds at or prior to maturity or upon acceleration or
7redemption. An authority may issue refunding bonds at such time prior to the
8maturity or redemption of the refunded bonds as the authority deems to be in the
9public interest. The refunding bonds may be issued in sufficient amounts to pay or
10provide the principal of the bonds being refunded, together with any redemption
11premium on the bonds, any interest accrued or to accrue to the date of payment of
12the bonds, the expenses of issue of the refunding bonds, the expenses of redeeming
13the bonds being refunded, and such reserves for debt service or other capital or
14current expenses from the proceeds of such refunding bonds as may be required by
15the resolution, trust indenture, or other security instruments. To the extent
16applicable, refunding bonds are subject to subs. (8) and (9).
AB1-ASA1-AA26,19,18 17(11) Bonds eligible for investment. (a) Any of the following may invest funds,
18including capital in their control or belonging to them, in bonds of the authority:
AB1-ASA1-AA26,19,1919 1. Public officers and agencies of the state.
AB1-ASA1-AA26,19,2020 2. Local governmental units, as defined in s. 19.42 (7u).
AB1-ASA1-AA26,19,2121 3. Insurance companies.
AB1-ASA1-AA26,19,2222 4. Trust companies.
AB1-ASA1-AA26,19,2323 5. Banks.
AB1-ASA1-AA26,19,2424 6. Savings banks.
AB1-ASA1-AA26,19,2525 7. Savings and loan associations.
AB1-ASA1-AA26,20,1
18. Investment companies.
AB1-ASA1-AA26,20,22 9. Personal representatives.
AB1-ASA1-AA26,20,33 10. Trustees.
AB1-ASA1-AA26,20,44 11. Other fiduciaries not listed in this paragraph.
AB1-ASA1-AA26,20,85 (b) The authority's bonds are securities that may be deposited with and
6received by any officer or agency of the state or any local governmental unit, as
7defined in s. 19.42 (7u), for any purpose for which the deposit of bonds or obligations
8of the state or any local governmental unit is authorized by law.
AB1-ASA1-AA26,20,16 9(12) Budgets; rates and charges; audit. The board of directors of an authority
10shall annually prepare a budget for the authority. Rates and other charges received
11by an authority shall be used only for the general expenses and capital expenditures
12of the authority, to pay interest, amortization, and retirement charges on bonds, and
13for specific purposes of the authority and may not be transferred to any political
14subdivision. The authority shall maintain an accounting system in accordance with
15generally accepted accounting principles and shall have its financial statements and
16debt covenants audited annually by an independent certified public accountant.
AB1-ASA1-AA26,20,19 17(13) Withdrawal from authority. (a) A participating political subdivision that
18joined an authority under sub. (2) (k) 2. may withdraw from an authority if all of the
19following conditions are met:
AB1-ASA1-AA26,20,2120 1. The governing body of the political subdivision adopts a resolution
21requesting withdrawal of the political subdivision from the authority.
AB1-ASA1-AA26,20,2322 2. The political subdivision has paid, or made provision for the payment of, all
23obligations of the political subdivision to the authority.
AB1-ASA1-AA26,21,624 (b) If a participating political subdivision withdraws from an authority, the
25authority shall provide the department of revenue with a certified copy of the

1resolution that approves the withdrawal. The withdrawal is effective on the first day
2of the calendar quarter that begins at least 120 days after the department receives
3the certified copy of the resolution approving the withdrawal. If the authority in
4which the withdrawing political subdivision continues to exist after the withdrawal,
5the authority shall provide information describing the exact boundaries of its
6jurisdictional area, as provided in sub. (4) (s) 2.
AB1-ASA1-AA26,21,8 7(14) Duty to provide transit service. An authority shall provide, or contract
8for the provision of, transit service within the authority's jurisdictional area.
AB1-ASA1-AA26,21,13 9(17) Other statutes. This section does not limit the powers of political
10subdivisions to enter into intergovernmental cooperation or contracts or to establish
11separate legal entities under s. 66.0301 or 66.1021 or any other applicable law, or
12otherwise to carry out their powers under applicable statutory provisions. Section
1366.0803 (2) does not apply to an authority.”.
AB1-ASA1-AA26,21,14 148. Page 19, line 21: after that line insert:
AB1-ASA1-AA26,21,15 15 Section 21g. 67.01 (5) of the statutes is amended to read:
AB1-ASA1-AA26,21,2316 67.01 (5) “Municipality" means any of the following which is authorized to levy
17a tax: a county, city, village, town, school district, board of park commissioners,
18technical college district, metropolitan sewerage district created under ss. 200.01 to
19200.15 or 200.21 to 200.65, town sanitary district under subch. IX of ch. 60, transit
20authority created under s. 66.1039,
public inland lake protection and rehabilitation
21district established under s. 33.23, 33.235, or 33.24, and any other public body
22empowered to borrow money and issue obligations to repay the money out of public
23funds or revenues. “Municipality" does not include the state.”.
AB1-ASA1-AA26,21,24 249. Page 21, line 2: after that line insert:
AB1-ASA1-AA26,22,1
1 Section 21s. 70.11 (2) of the statutes is amended to read:
AB1-ASA1-AA26,22,162 70.11 (2) Municipal property and property of certain districts, exception.
3Property owned by any county, city, village, town, school district, technical college
4district, public inland lake protection and rehabilitation district, metropolitan
5sewerage district, municipal water district created under s. 198.22, joint local water
6authority created under s. 66.0823, transit authority created under s. 66.1039,
7long-term care district under s. 46.2895 or town sanitary district; lands belonging
8to cities of any other state used for public parks; land tax-deeded to any county or
9city before January 2; but any residence located upon property owned by the county
10for park purposes that is rented out by the county for a nonpark purpose shall not
11be exempt from taxation. Except as to land acquired under s. 59.84 (2) (d), this
12exemption shall not apply to land conveyed after August 17, 1961, to any such
13governmental unit or for its benefit while the grantor or others for his or her benefit
14are permitted to occupy the land or part thereof in consideration for the conveyance.
15Leasing the property exempt under this subsection, regardless of the lessee and the
16use of the leasehold income, does not render that property taxable.”.
AB1-ASA1-AA26,22,17 1710. Page 25, line 7: after that line insert:
AB1-ASA1-AA26,22,18 18 Section 27m. 71.26 (1) (b) of the statutes is amended to read:
AB1-ASA1-AA26,22,2319 71.26 (1) (b) Political units. Income received by the United States, the state
20and all counties, cities, villages, towns, school districts, technical college districts,
21joint local water authorities created under s. 66.0823, transit authorities created
22under s. 66.1039,
long-term care districts under s. 46.2895 or other political units
23of this state.”.
AB1-ASA1-AA26,22,24 2411. Page 29, line 5: after that line insert:
AB1-ASA1-AA26,23,1
1 Section 33m. Chapter 77 (title) of the statutes is amended to read:
AB1-ASA1-AA26,23,22 CHAPTER 77
AB1-ASA1-AA26,23,133 TAXATION OF FOREST CROPLANDS;
4 REAL ESTATE TRANSFER FEES;
5 SALES AND USE TAXES; COUNTY,
6TRANSIT AUTHORITY, AND SPECIAL
7 DISTRICT SALES AND USE TAXES;
8 MANAGED FOREST LAND; ECONOMIC
9 DEVELOPMENT SURCHARGE; LOCAL FOOD
10 AND BEVERAGE TAX; LOCAL RENTAL
11 CAR TAX; Premier resort area
12 taxes; state rental vehicle fee;
13 dry cleaning fees
AB1-ASA1-AA26,33n 14Section 33n. 77.54 (9a) (er) of the statutes is created to read:
AB1-ASA1-AA26,23,1515 77.54 (9a) (er) Any transit authority created under s. 66.1039.”.
AB1-ASA1-AA26,23,16 1612. Page 29, line 15: after that line insert:
AB1-ASA1-AA26,23,18 17 Section 34a. Subchapter V (title) of chapter 77 [precedes 77.70] of the
18statutes is amended to read:
AB1-ASA1-AA26,23,1919 CHAPTER 77
AB1-ASA1-AA26,23,2020 SUBCHAPTER V
AB1-ASA1-AA26,23,2321 COUNTY, TRANSIT AUTHORITY, AND
22 SPECIAL DISTRICT SALES AND USE
23 TAXES”.
AB1-ASA1-AA26,23,24 2413. Page 30, line 8: after that line insert:
AB1-ASA1-AA26,24,1
1 Section 34f. 77.708 of the statutes is created to read:
AB1-ASA1-AA26,24,7 277.708 Adoption by resolution; transit authority. (1) A transit authority
3created under s. 66.1039, by resolution under s. 66.1039 (4) (s), may impose a sales
4tax and a use tax under this subchapter at a rate not to exceed 0.5 percent of the sales
5price or purchase price. Those taxes may be imposed only in their entirety. The
6resolution shall be effective on the first day of the first calendar quarter that begins
7at least 120 days after the adoption of the resolution.
AB1-ASA1-AA26,24,13 8(2) Retailers and the department of revenue may not collect a tax under sub.
9(1) for any transit authority created under s. 66.1039 beginning after the calendar
10quarter during which the transit authority adopts a repeal resolution under s.
1166.1039 (4) (s), except that the department of revenue may collect from retailers
12taxes that accrued before such calendar quarter and fees, interest, and penalties that
13relate to those taxes.
AB1-ASA1-AA26,34g 14Section 34g. 77.71 (intro.) of the statutes is amended to read:
AB1-ASA1-AA26,24,19 1577.71 Imposition of county, transit authority, and special district sales
16and use taxes.
(intro.) Whenever a county sales and use tax ordinance is adopted
17under s. 77.70, a transit authority resolution is adopted under s. 77.708, or a special
18district resolution is adopted under s. 77.705 or 77.706, the following taxes are
19imposed:
AB1-ASA1-AA26,34h 20Section 34h. 77.71 (1) of the statutes is amended to read:
AB1-ASA1-AA26,25,721 77.71 (1) For the privilege of selling, licensing, leasing, or renting tangible
22personal property and the items, property, and goods specified under s. 77.52 (1) (b),
23(c), and (d), and for the privilege of selling, licensing, performing, or furnishing
24services a sales tax is imposed upon retailers at the rates under s. 77.70 in the case
25of a county tax, at the rate under s. 77.708 (1) in the case of a transit authority tax,

1or at the rate under s. 77.705 or 77.706 in the case of a special district tax of the sales
2price from the sale, license, lease, or rental of tangible personal property and the
3items, property, and goods specified under s. 77.52 (1) (b), (c), and (d), except property
4taxed under sub. (4), sold, licensed, leased, or rented at retail in the county or, special
5district, or transit authority's jurisdictional area, or from selling, licensing,
6performing, or furnishing services described under s. 77.52 (2) in the county or,
7special district, or transit authority's jurisdictional area.
AB1-ASA1-AA26,34i 8Section 34i. 77.71 (2) of the statutes is amended to read:
AB1-ASA1-AA26,25,249 77.71 (2) An excise tax is imposed at the rates under s. 77.70 in the case of a
10county tax, at the rate under s. 77.708 (1) in the case of a transit authority tax, or at
11the rate under s. 77.705 or 77.706 in the case of a special district tax of the purchase
12price upon every person storing, using, or otherwise consuming in the county or,
13special district, or transit authority's jurisdictional area tangible personal property,
14or items, property, or goods specified under s. 77.52 (1) (b), (c), or (d), or services if the
15tangible personal property, item, property, good, or service is subject to the state use
16tax under s. 77.53, except that a receipt indicating that the tax under sub. (1), (3),
17(4), or (5) has been paid relieves the buyer of liability for the tax under this subsection
18and except that if the buyer has paid a similar local tax in another state on a purchase
19of the same tangible personal property, item, property, good, or service that tax shall
20be credited against the tax under this subsection and except that for motor vehicles
21that are used for a purpose in addition to retention, demonstration, or display while
22held for sale in the regular course of business by a dealer the tax under this
23subsection is imposed not on the purchase price but on the amount under s. 77.53
24(1m).
AB1-ASA1-AA26,34j 25Section 34j. 77.71 (3) of the statutes is amended to read:
AB1-ASA1-AA26,26,13
177.71 (3) An excise tax is imposed upon a contractor engaged in construction
2activities within the county or, special district, or transit authority's jurisdictional
3area,
at the rates under s. 77.70 in the case of a county tax , at the rate under s. 77.708
4(1) in the case of a transit authority tax,
or at the rate under s. 77.705 or 77.706 in
5the case of a special district tax of the purchase price of tangible personal property
6or items, property, or goods under s. 77.52 (1) (b), (c), or (d) that are used in
7constructing, altering, repairing, or improving real property and that became a
8component part of real property in that county or special district or in the transit
9authority's jurisdictional area
, except that if the contractor has paid the sales tax of
10a county, transit authority, or special district in this state on that tangible personal
11property, item, property, or good, or has paid a similar local sales tax in another state
12on a purchase of the same tangible personal property, item, property, or good, that
13tax shall be credited against the tax under this subsection.
AB1-ASA1-AA26,34k 14Section 34k. 77.71 (4) of the statutes is amended to read:
AB1-ASA1-AA26,27,315 77.71 (4) An excise tax is imposed at the rates under s. 77.70 in the case of a
16county tax, at the rate under s. 77.708 (1) in the case of a transit authority tax, or at
17the rate under s. 77.705 or 77.706 in the case of a special district tax of the purchase
18price upon every person storing, using, or otherwise consuming a motor vehicle, boat,
19recreational vehicle, as defined in s. 340.01 (48r), or aircraft if that property must be
20registered or titled with this state and if that property is to be customarily kept in
21a county that has in effect an ordinance under s. 77.70, in the jurisdictional area of
22a transit authority that has in effect a resolution under s. 77.708,
or in a special
23district that has in effect a resolution under s. 77.705 or 77.706, except that if the
24buyer has paid a similar local sales tax in another state on a purchase of the same
25property, that tax shall be credited against the tax under this subsection. The lease

1or rental of a motor vehicle, boat, recreational vehicle, as defined in s. 340.01 (48r),
2or aircraft is not taxed under this subsection if the lease or rental does not require
3recurring periodic payments.
AB1-ASA1-AA26,34L 4Section 34L. 77.71 (5) of the statutes is amended to read:
AB1-ASA1-AA26,27,185 77.71 (5) An excise tax is imposed on the purchase price for the lease or rental
6of a motor vehicle, boat, recreational vehicle, as defined in s. 340.01 (48r), or aircraft
7at the rates under s. 77.70 in the case of a county tax, at the rate under s. 77.708 (1)
8in the case of a transit authority tax,
or at the rate under s. 77.705 or 77.706 in the
9case of a special district tax upon every person storing, using, or otherwise
10consuming in the county or, special district, or transit authority's jurisdictional area
11the motor vehicle, boat, recreational vehicle, as defined in s. 340.01 (48r), or aircraft
12if that property must be registered or titled with this state and if the lease or rental
13does not require recurring periodic payments, except that a receipt indicating that
14the tax under sub. (1) had been paid relieves the purchaser of liability for the tax
15under this subsection and except that if the purchaser has paid a similar local tax
16in another state on the same lease or rental of such motor vehicle, boat, recreational
17vehicle, as defined in s. 340.01 (48r), or aircraft, that tax shall be credited against the
18tax under this subsection.
AB1-ASA1-AA26,34m 19Section 34m. 77.73 (2) of the statutes is amended to read:
AB1-ASA1-AA26,28,420 77.73 (2) Counties and, special districts, and transit authorities do not have
21jurisdiction to impose the tax under s. 77.71 (2) in regard to items, property, and
22goods under s. 77.52 (1) (b), (c), and (d), and tangible personal property, except
23snowmobiles, trailers, semitrailers, limited use off-highway motorcycles, as defined
24in s. 23.335 (1) (o), all-terrain vehicles, and utility terrain vehicles, purchased in a
25sale that is consummated in another county or special district in this state, or in

1another transit authority's jurisdictional area,
that does not have in effect an
2ordinance or resolution imposing the taxes under this subchapter and later brought
3by the buyer into the county or, special district, or jurisdictional area of the transit
4authority
that has imposed a tax under s. 77.71 (2).
AB1-ASA1-AA26,34n 5Section 34n. 77.73 (3) of the statutes is amended to read:
AB1-ASA1-AA26,28,166 77.73 (3) Counties and, special districts, and transit authorities have
7jurisdiction to impose the taxes under this subchapter on retailers who file, or who
8are required to file, an application under s. 77.52 (7) or who register, or who are
9required to register, under s. 77.53 (9) or (9m), regardless of whether such retailers
10are engaged in business in the county or, special district, or transit authority's
11jurisdictional area,
as provided in s. 77.51 (13g). A retailer who files, or is required
12to file, an application under s. 77.52 (7) or who registers, or is required to register,
13under s. 77.53 (9) or (9m) shall collect, report, and remit to the department the taxes
14imposed under this subchapter for all counties or , special districts, and transit
15authorities
that have an ordinance or resolution imposing the taxes under this
16subchapter.
AB1-ASA1-AA26,34o 17Section 34o. 77.75 of the statutes is amended to read:
AB1-ASA1-AA26,28,22 1877.75 Reports. Every person subject to county, transit authority, or special
19district sales and use taxes shall, for each reporting period, record that person's sales
20made in the county or, special district, or jurisdictional area of a transit authority
21that has imposed those taxes separately from sales made elsewhere in this state and
22file a report as prescribed by the department of revenue.
AB1-ASA1-AA26,34p 23Section 34p. 77.76 (1) of the statutes is amended to read:
AB1-ASA1-AA26,29,524 77.76 (1) The department of revenue shall have full power to levy, enforce, and
25collect county, transit authority, and special district sales and use taxes and may take

1any action, conduct any proceeding, impose interest and penalties, and in all respects
2proceed as it is authorized to proceed for the taxes imposed by subch. III. The
3department of transportation and the department of natural resources may
4administer the county, transit authority, and special district sales and use taxes in
5regard to items under s. 77.61 (1).
AB1-ASA1-AA26,34q 6Section 34q. 77.76 (2) of the statutes is amended to read:
AB1-ASA1-AA26,29,107 77.76 (2) Judicial and administrative review of departmental determinations
8shall be as provided in subch. III for state sales and use taxes, and no county, transit
9authority,
or special district may intervene in any matter related to the levy,
10enforcement, and collection of the taxes under this subchapter.
AB1-ASA1-AA26,34r 11Section 34r. 77.76 (3r) of the statutes is created to read:
AB1-ASA1-AA26,30,412 77.76 (3r) From the appropriation under s. 20.835 (4) (gc), the department of
13revenue shall distribute 98.5 percent of the taxes reported for each transit authority
14that has imposed taxes under this subchapter, minus the transit authority portion
15of the retailers' discount, to the transit authority no later than the end of the 3rd
16month following the end of the calendar quarter in which such amounts were
17reported. At the time of distribution, the department of revenue shall indicate the
18taxes reported by each taxpayer. In this subsection, the “transit authority portion
19of the retailers' discount" is the amount determined by multiplying the total
20retailers' discount by a fraction the numerator of which is the gross transit authority
21sales and use taxes payable and the denominator of which is the sum of the gross
22state and transit authority sales and use taxes payable. The transit authority taxes
23distributed shall be increased or decreased to reflect subsequent refunds, audit
24adjustments, and all other adjustments of the transit authority taxes previously
25distributed. Interest paid on refunds of transit authority sales and use taxes shall

1be paid from the appropriation under s. 20.835 (4) (gc) at the rate paid by this state
2under s. 77.60 (1) (a). Any transit authority receiving a report under this subsection
3is subject to the duties of confidentiality to which the department of revenue is
4subject under s. 77.61 (5).
AB1-ASA1-AA26,34s 5Section 34s. 77.76 (4) of the statutes is amended to read:
AB1-ASA1-AA26,30,116 77.76 (4) There shall be retained by the state 1.5 percent of the taxes collected
7for taxes imposed by special districts under ss. 77.705 and 77.706 and transit
8authorities under s. 77.708
and 1.75 percent of the taxes collected for taxes imposed
9by counties under s. 77.70 to cover costs incurred by the state in administering,
10enforcing, and collecting the tax. All interest and penalties collected shall be
11deposited and retained by this state in the general fund.
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