AB439-SSA1,7,2524 229.68 (7) Mortgage Subject to s. 229.682 (10), mortgage, pledge, or otherwise
25encumber the district's property or funds.
AB439-SSA1,12
1Section 12. 229.68 (8) (d) of the statutes is created to read:
AB439-SSA1,8,32 229.68 (8) (d) The bonds are issued before the effective date of this paragraph
3.... [LRB inserts date].
AB439-SSA1,13 4Section 13. 229.68 (11) of the statutes is repealed.
AB439-SSA1,14 5Section 14 . 229.68 (12) of the statutes is amended to read:
AB439-SSA1,8,86 229.68 (12) Set standards governing the use of, and the conduct within, its the
7baseball park facilities in order to promote public safety and convenience and to
8maintain order.
AB439-SSA1,15 9Section 15 . 229.68 (13) of the statutes is amended to read:
AB439-SSA1,8,1210 229.68 (13) Establish and collect fees, and establish shared revenue
11arrangements or other charges for the use of its the baseball park facilities or for
12services rendered by the district.
AB439-SSA1,16 13Section 16 . 229.68 (15) of the statutes is repealed.
AB439-SSA1,17 14Section 17. 229.68 (16) (intro.) of the statutes is amended to read:
AB439-SSA1,8,1615 229.68 (16) (intro.) Accept Subject to s. 229.682 (10) accept gifts, loans, grants,
16and other aid, which may be used only for the following purposes:
AB439-SSA1,18 17Section 18. 229.68 (16) (a) of the statutes is amended to read:
AB439-SSA1,8,1918 229.68 (16) (a) Retiring the bonds or other debt used to develop, construct the,
19improve, repair, or maintain
baseball park facilities.
AB439-SSA1,19 20Section 19. 229.6802 of the statutes is created to read:
AB439-SSA1,9,3 21229.6802 Contracting requirement. No later than the first day of the 4th
22month beginning after the effective date of this section .... [LRB inserts date], the
23district shall enter into an agreement with the professional baseball team under
24which the professional baseball team assumes the rights, privileges, and
25responsibilities of ownership of the district's baseball stadium and stadium parking

1lots, including maintenance, upkeep, and repairs of the baseball stadium and
2parking lots. The agreement shall provide that if the professional baseball team
3relocates, the professional baseball team shall do all of the following:
AB439-SSA1,9,5 4(1) Relinquish the rights, privileges, and responsibilities of ownership of the
5baseball stadium and stadium parking lots.
AB439-SSA1,9,7 6(2) Convey and transfer to the district all of the professional baseball team's
7right and title to any baseball park facilities.
AB439-SSA1,9,9 8(3) Pay for the cost of demolition of the baseball stadium and other baseball
9park facilities.
AB439-SSA1,20 10Section 20. 229.682 (3) of the statutes is repealed.
AB439-SSA1,21 11Section 21. 229.682 (11) of the statutes is created to read:
AB439-SSA1,9,1312 229.682 (11) Bonding limitations. Except as provided in s. 229.68 (8), the
13district may not issue bonds.
AB439-SSA1,22 14Section 22. 229.685 (1) of the statutes is amended to read:
AB439-SSA1,9,1815 229.685 (1) The district board shall maintain a special fund into which it
16deposits only the revenue received from the department of revenue, that is derived
17from the taxes imposed under subch. V of ch. 77, 2021 stats., and may use this
18revenue only for purposes related to baseball park facilities.
AB439-SSA1,23 19Section 23 . 229.71 of the statutes is amended to read:
AB439-SSA1,9,25 20229.71 Dissolution of a district. Subject Upon or after the expiration or
21termination of the contract required under s. 229.6802, or if the professional baseball
22team refuses that contract, subject
to providing for the payment of its bonds,
23including interest on the bonds, and the performance of its other contractual
24obligations, a district may shall be dissolved by the action of the district board. If the
25district is dissolved under this section or by action of the legislature, the property of

1the district shall be transferred to the counties in the jurisdiction, based on the tax
2revenues derived from each county, as determined by the secretary of administration

3state.
AB439-SSA1,24 4Section 24 . 229.75 (3) of the statutes is amended to read:
AB439-SSA1,10,125 229.75 (3) Bonds issued by the district shall be secured only by the district's
6interest in any baseball park facilities, including any interest in a lease with the
7department of administration under s. 16.82 (7); by income from these facilities; by
8proceeds of bonds issued by the district and other amounts placed in a special
9redemption fund and investment earnings on such these amounts; and by the taxes
10imposed by the district under subch. V of ch. 77, 2021 stats. The district may not
11pledge its full faith and credit on the bonds and the bonds are not a liability of the
12district.
AB439-SSA1,25 13Section 25. Nonstatutory provisions.
AB439-SSA1,10,1514 (1) No later than 30 days after the effective date of this subsection, the
15legislature shall take action to repeal 2023 Assembly Bill 438.
AB439-SSA1,26 16Section 26. Effective dates. This act takes effect on the day after publication,
17except as follows:
AB439-SSA1,10,1918 (1) The treatment of s. 77.707 (2) and the repeal of s. 77.707 (1) take effect on
19January 1, 2025.
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