AB710,60,7 1066.0225 Municipal boundaries, fixed by judgment. Any 2 municipalities
11whose boundaries are immediately adjacent at any point and who are parties to any
12an action, proceeding or appeal in court for the purpose of testing the validity or
13invalidity of any an annexation, incorporation, consolidation or detachment, may
14enter into a written stipulation, compromising and settling any such the litigation
15and determining the common boundary line between the municipalities. The court
16having jurisdiction of the litigation, whether it is a the circuit court, the court of
17appeals or the supreme court, may enter a final judgment incorporating the
18provisions of the stipulation and fixing the common boundary line between the
19municipalities involved. Any A stipulation changing boundaries of municipalities
20shall be approved by the governing bodies of the detaching and annexing
21municipalities and s. 66.021 (8) and (10) 66.0217 (9) and (11) shall apply. Any A
22change of civil municipal boundaries under this section is subject to a referendum
23of the electors residing within the territory annexed or detached, if within 30 days
24after the publication of the stipulation to change boundaries in a newspaper of
25general circulation in the area proposed to be annexed or detached, a petition for a

1referendum conforming to the requirements of s. 8.40 signed by at least 20% of the
2electors of the area to be annexed or detached, is filed with the clerk of the
3municipality from which the area is proposed to be detached. The referendum shall
4be conducted as are annexation referenda. If the referendum election is opposed to
5detachment from the municipality, all proceedings under this section are void. For
6the purposes of
In this section, "municipalities" includes means cities, villages and
7towns.
AB710, s. 72 8Section 72. 66.028 of the statutes is renumbered 66.0305, and 66.0305 (4) (b),
9as renumbered, is amended to read:
AB710,60,1310 66.0305 (4) (b) An agreement entered into under sub. (2) may address any other
11appropriate matters, including any agreements with respect to services or
12agreements with respect to municipal boundaries under s. 66.023 or 66.027 66.0225
13or 66.0307
.
AB710, s. 73 14Section 73. 66.029 of the statutes is renumbered 66.0233 and amended to
15read:
AB710,60,21 1666.0233 Town boundaries, participation in actions to test alterations
17of town boundaries. In proceedings whereby a proceeding in which territory is
18may be attached to or detached from any a town, the town is an interested party, and
19the town board may institute, maintain or defend an action brought to test the
20validity of such the proceedings, and may intervene or be impleaded in any such the
21action.
AB710, s. 74 22Section 74. 66.0295 of the statutes, as created by 1999 Wisconsin Act 9, is
23renumbered 66.1001, and 66.1001 (1) (a) 3., (2) (g) and (3) (a) to (f) and (o), as
24renumbered, are amended to read:
AB710,61,2
166.1001 (1) (a) 3. For a regional planning commission, a master plan that is
2adopted or amended under s. 66.945 66.0309 (8), (9) or (10).
AB710,61,13 3(2) (g) Intergovernmental cooperation element. A compilation of objectives,
4policies, goals, maps and programs for joint planning and decision making with other
5jurisdictions, including school districts and adjacent local governmental units, for
6siting and building public facilities and sharing public services. The element shall
7analyze the relationship of the local governmental unit to school districts and
8adjacent local governmental units, and to the region, the state and other
9governmental units. The element shall incorporate any plans or agreements to
10which the local governmental unit is a party under s. 66.023, 66.30 or 66.945 66.0301,
1166.0307 or 66.0309
. The element shall identify existing or potential conflicts
12between the local governmental unit and other governmental units that are specified
13in this paragraph and describe processes to resolve such conflicts.
AB710,61,15 14(3) (a) Municipal incorporation procedures under s. 66.012, 66.013 or 66.014
1566.0201, 66.0203 or 66.0215.
AB710,61,1716 (b) Annexation procedures under s. 66.021, 66.024 or 66.025 66.0217, 66.0219
17or 66.0223
.
AB710,61,1818 (c) Cooperative boundary agreements entered into under s. 66.023 66.0307.
AB710,61,1919 (d) Consolidation of territory under s. 66.02 66.0229.
AB710,61,2020 (e) Detachment of territory under s. 66.022 66.0227.
AB710,61,2121 (f) Municipal boundary agreements fixed by judgment under s. 66.027 66.0225.
AB710,61,2222 (o) Impact fee ordinances that are enacted or amended under s. 66.55 66.0617.
AB710, s. 75 23Section 75. 66.03 of the statutes is renumbered 66.0235, and 66.0235 (1), (2),
24(2c) (a) 2., (2m) to (10), (11) (a) 4. and (b) and (13) (a) 1. and (aa) to (c), as renumbered,
25are amended to read:
AB710,62,3
166.0235 (1) Definition. In this section, "municipality local governmental unit"
2includes means town sanitary districts, school districts, technical college districts,
3towns, villages and cities.
AB710,62,23 4(2) Basis. (a) Except as otherwise provided in this section or in s. 60.79 (2) (c)
5when territory is transferred, in any manner provided by law, from one municipality
6local governmental unit to another, there shall be assigned to such other
7municipality
the latter local governmental unit such proportion of the assets and
8liabilities of the first municipality local governmental unit as the assessed valuation
9of all taxable property in the territory transferred bears to the assessed valuation of
10all the taxable property of the entire municipality local governmental unit from
11which said the territory is taken according to the last assessment roll of such
12municipality
the local governmental unit. The clerk of any municipality a local
13governmental unit
to which territory is transferred as aforesaid, within 30 days of
14the effective date of such the transfer, shall certify to the clerk of the municipality
15local governmental unit from which such territory was transferred and to the clerk
16of the school district in which such the territory is located a metes and bounds
17description of the land area involved and upon. Upon receipt of such the description
18the clerk of the municipality local governmental unit from which such the territory
19was transferred shall certify to the department of revenue and to the clerk of the
20school district in which such the territory is located the latest assessed value of the
21real and personal property located within the transferred territory, and shall make
22such any further reports as may be needed by the department of revenue in the
23performance of duties required by law.
AB710,63,1124 (b) When the transfer of territory from one municipality local governmental
25unit
to another results from the incorporation of a new city or village, the proportion

1of the assets and liabilities assigned to such the new city or village shall be based on
2the average assessed valuation for the preceding 5 years of the property transferred
3in proportion to the average assessed valuation for the preceding 5 years of all the
4taxable property of the entire municipality local governmental unit from which said
5the territory is taken, according to the assessment rolls of such municipality the local
6governmental unit
for said those years. In any such case the The certification by the
7clerk of the municipality local governmental unit from which territory was
8transferred because of the incorporation shall include the assessed value of the real
9and personal property within the territory transferred for each of the last 5 years.
10The preceding 5 years shall include the assessment rolls for the 5 calendar years
11prior to the incorporation.
AB710,63,21 12(2c) (a) 2. The clerk of any school district to which territory is transferred,
13within 30 days of the effective date of the transfer, shall certify to the clerk of the
14municipality local governmental unit from which the territory was transferred a
15metes and bounds description of the land area involved. Upon receipt of the
16description the clerk of the municipality local governmental unit from which the
17territory was transferred shall certify to the department of revenue the latest
18assessed value of the real and personal property located within the transferred
19territory, file one copy of the certification with the school district clerk and one copy
20with the department of public instruction and make such any further reports as are
21needed by the department of revenue in the performance of duties required by law.
AB710,64,3 22(2m) Attachment and detachment within 5 years. Whenever If territory is
23attached to or consolidated with a school district, and the territory or any part thereof
24of the territory is detached therefrom from the district within 5 years after the
25attachment or consolidation, the school district to which it is transferred shall be is

1entitled, in the apportionment of assets and liabilities, only to the assets or liabilities
2or proportionate part thereof apportioned to the school district as the result of the
3original attachment or consolidation.
AB710,64,7 4(3) Real estate. (a) The title to real estate shall may not be transferred under
5this section
except by agreement, but the value thereof of real estate shall be included
6in determining the assets of the municipality local governmental unit owning the
7same real estate and in making the adjustment of assets and liabilities.
AB710,64,158 (b) The right to possession and control of school buildings and sites shall pass
9passes to the school district in which they are situated immediately upon the
10attachment or detachment of any school district territory becoming effective, except
11that in 1st class city school districts the right to possession and control of school
12buildings and sites shall pass passes on July 1 following the adoption of the ordinance
13authorized by s. 66.021 (7) 66.0217 (8). The asset value of school buildings and sites
14shall be the value of the use thereof of the buildings and sites, which shall be
15determined at the time of adjustment of assets and liabilities.
AB710,65,416 (c) When as a result of any an annexation whereby a school district is left
17without a school building, any moneys are received by such the school district as a
18result of the division of assets and liabilities required by s. 66.03 this section, which
19are derived from values that were capital assets, such the moneys and interest
20thereon on the moneys shall be held in trust by such the school district and dispensed
21only for procuring new capital assets or remitted to an operating district as the
22remainder of the suspended district becomes a part of such the operating district, and
23shall in no case may not be used to meet current operating expenditures. This shall
24include any funds in the hands of any district officers on July 1, 1953, resulting from
25such action previously taken under s. 66.03.
The boards involved shall, as part of

1their duties in division of assets and liabilities in school districts, make a written
2report of the allocation of assets and liabilities to the state superintendent of public
3instruction and any local superintendent of schools whose territory is involved in the
4division of assets.
AB710,65,14 5(4) Public utilities. Any A public utility plant, including any dam, power
6house, power transmission line and other structures and property operated and used
7in connection therewith shall belong with the plant, belongs to the municipality local
8governmental unit
in which the major portion of the patrons of such the utility reside.
9The value of such the utility, unless fixed by agreement of all parties interested shall
10be determined and fixed by the public service commission upon notice to the
11municipalities local governmental units interested, in the manner provided by law.
12The commission shall certify the amount of the compensation to the clerks of each
13municipality local governmental unit interested and said that amount shall be used
14by the apportionment board or boards in adjusting assets and liabilities.
AB710,66,22 15(5) Apportionment board. The boards or councils of the municipalities local
16governmental units
, or committees, thereof selected for that purpose, acting
17together, shall constitute an apportionment board. When any municipality a local
18governmental unit
is dissolved by reason of because all of its territory being so is
19transferred the board or council thereof of the local governmental unit existing at the
20time of such dissolution shall, for the purpose of this section, continue to exist as the
21governing body of such municipality the local governmental unit until there has been
22an apportionment of assets by agreement of the interested municipalities local
23governmental units
or by an order of the circuit court. After an agreement for
24apportionment of assets has been entered into between the interested municipalities
25local governmental units, or an order of the circuit court becomes final, a copy of such

1the apportionment agreement, or of such the order, certified to by the clerks of the
2interested municipalities local governmental units, shall be filed with the
3department of revenue, the department of natural resources, the department of
4transportation, the state superintendent of public instruction, the department of
5administration, and with any other department or agency of the state from which the
6town may be entitled by law to receive funds or certifications or orders relating to the
7distribution or disbursement of funds, with the county treasurer, with the treasurer
8of any municipality local governmental unit, or with any other entity from which
9payment would have become due if such the dissolved municipality from which such
10territory was transferred
local governmental unit had continued in existence.
11Subject to ss. 79.006 and 86.303 (4), thereafter payments from the shared revenue
12account made pursuant to ch. 79, payments of forest crop taxes under s. 77.05, of
13transportation aids under s. 20.395, of state aids for school purposes under ch. 121,
14payments for managed forest land under subch. VI of ch. 77 and all payments due
15from a department or agency of the state, from a county, from a municipality local
16governmental unit
, or from any other entity from which payments would have
17become due if such the dissolved municipality from which such territory was
18transferred
local governmental unit had continued in existence, shall be paid to the
19interested municipality local governmental unit as provided by such the agreement
20for apportionment of assets or by any order of apportionment by the circuit court and
21such the payments shall have the same force and effect as if made to the dissolved
22municipality from which such territory was transferred local governmental unit.
AB710,67,5 23(6) Meeting. The board or council of the municipality local governmental unit
24to which the territory is transferred shall fix a time and place for meeting and cause
25give a written notice thereof of the meeting to be given the clerk of the municipality

1local governmental unit from which the territory is taken at least 5 days prior to the
2date of the meeting. The apportionment may be made only by a majority of the
3members from each municipality local governmental unit who attend, and in case of
4committees, the action must shall be affirmed by the board or council represented by
5the committee.
AB710,67,12 6(7) Adjustment, how made. (a) The apportionment board shall determine,
7except for public utilities, such assets and liabilities from the best information
8obtainable and shall assign to the municipality local governmental unit to which the
9territory is transferred its proper proportion thereof of assets and liabilities by
10assigning the excess of liabilities over assets, or by assigning any particular asset or
11liability to either municipality local governmental unit, or in such other another
12manner as will best meet that meets the requirements of the particular case.
AB710,67,2113 (b) If a proportionate share of any indebtedness existing by reason of municipal
14bonds or other obligations outstanding is assigned to any municipality a local
15governmental unit
, that municipality local governmental unit shall cause to be
16levied and collected
levy and collect upon all its taxable property, in one sum or in
17annual instalments, the amount necessary to pay the principal and interest thereon
18when due, and shall pay the amount so collected to the treasurer of the municipality
19local governmental unit which issued the bonds or incurred the obligations. The
20treasurer shall apply the moneys so received strictly to the payment of such the
21principal and interest.
AB710,68,322 (c) If the asset apportioned consists of an aid or tax to be distributed in the
23future according to population, the apportionment board shall certify to the officer,
24agency or department responsible for making the distribution each municipality's
25local governmental unit's proportionate share of such the asset as determined in

1accordance with sub. (2). The officer, agency or department shall thereafter
2distribute such the aid or tax directly to the several municipalities local
3governmental units
according to such the certification until the next federal census.
AB710,68,9 4(8) Appeal to court. In case If the apportionment board is unable to agree, the
5circuit court of the county in which either municipality local governmental unit is
6situated, may, upon the petition of either municipality local governmental unit,
7make the adjustment of assets and liabilities pursuant to under this section,
8including review of any alternative method provided for in sub. (2c) (b) and the
9correctness of the findings thereunder made under sub. (2c) (b).
AB710,68,17 10(9) Transcript of records. When If territory shall be is detached from a
11municipality by creation of a new municipality or otherwise local governmental unit,
12the proper officer of the municipality local governmental unit from which the
13territory was detached shall furnish, upon demand by the proper officer of the
14municipality local governmental unit created from the detached territory or to which
15it is annexed, an authenticated transcript of all public records in that officer's office
16pertaining to the detached territory. The municipality local governmental unit
17receiving the transcript shall pay therefor for the transcript.
AB710,69,12 18(10) State trust fund loans. When territory transferred in any manner
19provided by law from one municipality local governmental unit to another is liable
20for state trust fund loans secured under subch. II of ch. 24, the clerk of the
21municipality local governmental unit to which territory is transferred shall within
2230 days of the effective date of such the transfer certify a metes and bounds
23description of the transferred area to the clerk of the municipality local
24governmental unit
from which the land was transferred. Thereupon, the The clerk
25of the municipality local governmental unit from which such territory was

1transferred shall then certify to the board of commissioners of public lands: (a) the
2effective date of such the transfer of territory; (b), the last preceding assessed
3valuation of the territory liable for state trust fund loans prior to before transfer of
4a part of such the territory; (c) and the assessed valuation of the territory so
5transferred. Thereafter, the The board shall in making its annual certifications of
6the amounts due on account of state trust fund loans distribute annual charges for
7interest and principal on any such outstanding loans covered by this subsection in
8the proportion that the assessed valuation of the territory so transferred shall bear
9bears to the assessed valuation of the area liable for state trust fund loans as
10constituted immediately before the transfer of territory, provided, however, that any.
11A
transfer of territory effective subsequent to January 1 of any year shall may not
12be considered until the succeeding year.
AB710,69,14 13(11) (a) 4. The name of the school district to which the transfer was made
14immediately after the effective date of such the transfer.
AB710,69,1915 (b) Thereafter, in In making their the annual certifications of the amounts due
16on account of state trust fund loans the board of commissioners of public lands shall
17use the new name of the school district, provided that any. A transfer of territory
18effective subsequent to January 1 of any year shall may not be considered by it until
19the succeeding year.
AB710,70,2 20(13) (a) 1. Subject to subd. 2., if any territory is annexed, detached or
21incorporated in any year, general property taxes levied against the territory shall be
22collected by the treasurer of the municipality local governmental unit in which the
23territory was located on January 1 of such year, and all moneys collected from the
24tax levied for local municipal purposes shall be allocated to each of the municipalities
25local governmental units on the basis of the portion of the calendar year the territory

1was located in each of the municipalities local governmental units, and paid
2accordingly.
AB710,70,73 (aa) Apportionment when town is nonexistent. If the town in which territory
4was located on January 1 is nonexistent when the city or village determines its
5budget, any taxes certified to the town or required by law to be levied against such
6the territory shall be included in the budget of the city or village and levied against
7such the territory, together with the city or village tax for local municipal purposes.
AB710,70,218 (b) Special taxes and assessments. Whenever If territory is transferred from
9one municipality local governmental unit to another by annexation, detachment,
10consolidation or incorporation, or returns to its former status by reason of court
11determination, any special tax or assessment outstanding against any property in
12the territory shall be collected by the treasurer of the municipality wherein local
13governmental unit in which
the property is located, according to the terms of the
14ordinance or resolution levying such the tax or assessment. Such The special tax or
15assessment, when collected, shall be paid to the treasurer of the municipality local
16governmental unit
which levied the special tax or assessment, or if the municipality
17local governmental unit is nonexistent, the collecting treasurer shall apply the
18collected funds to any obligation for which purpose the tax or assessment was levied
19and which remains outstanding; provided that if. If no such obligation is
20outstanding, the collected funds shall be paid into the school fund of the school
21district in which the territory is located.
AB710,71,722 (bb) Apportionment when court returns territory to former status. Whenever
23If territory which has been annexed, consolidated, detached or incorporated returns
24to its former status by reason of a final court determination, there shall be an
25apportionment of general property taxes and current aids and shared revenues to

1adjust such assets
between the municipalities local governmental units, and no other
2apportionment of assets and liabilities. The basis of the apportionment shall be
3determined by the apportionment board subject to appeal to the circuit court, but the.
4The
apportionment shall insofar as to the extent practicable equitably adjust such
5assets
the taxes, aids and revenues between the municipalities local governmental
6units
involved on the basis of the portion of the calendar year the territory was
7located in the respective municipalities local governmental units.
AB710,71,148 (c) Certification by clerk. The clerk of the municipality local governmental unit
9which assessed such the special and general tax and special assessment shall certify
10to the clerk of the municipality local governmental unit to which the territory was
11attached or returned, a list of all the property located therein in the attached or
12returned territory
to which is charged any uncollected taxes and assessments. The
13certification shall be made within 30 days after the effective date of the transfer of
14the property, but failure to so certify shall does not affect the validity of the claim.
AB710, s. 76 15Section 76. Subchapter III (title) of chapter 66 [precedes 66.0301] of the
16statutes is created to read:
AB710,71,1717 Chapter 66
AB710,71,1918 Subchapter III
19 INTERGOVERNMENTAL COOPERATION
AB710, s. 77 20Section 77. 66.0303 (title) and (1) of the statutes are created to read:
AB710,71,22 2166.0303 (title) Municipal interstate cooperation. (1) In this section,
22"municipality" has the meaning given in s. 66.0301 (1) (a).
AB710, s. 78 23Section 78. 66.031 (title) of the statutes is renumbered 66.0401 (title) and
24amended to read:
AB710,71,25 2566.0401 (title) Regulation of relating to solar and wind energy systems.

Note: Amends the title to reflect the consolidation of current ss. 66.031 and
66.033.
AB710, s. 79 1Section 79. 66.031 of the statutes is renumbered 66.0401 (1), and 66.0401 (1)
2(intro.), as renumbered, is amended to read:
AB710,72,73 66.0401 (1) Authority to restrict systems limited. (intro.) No county, city,
4town or village may place any restriction, either directly or in effect, on the
5installation or use of a solar energy system, as defined in s. 13.48 (2) (h) 1. g., or a wind
6energy system, as defined in s. 66.032 66.0415 (1) (m), unless the restriction satisfies
7one of the following conditions:
AB710, s. 80 8Section 80. 66.0311 (title) and (1) of the statutes are created to read:
AB710,72,11 966.0311 (title) Intergovernmental cooperation in financing and
10undertaking housing projects.
(1) In this section, "municipality" has the
11meaning given in s. 66.0301 (1) (a).
AB710, s. 81 12Section 81. 66.0313 (1) of the statutes is created to read:
AB710,72,1413 66.0313 (1) In this section, "law enforcement agency" has the meaning given
14in s. 165.83 (1) (b).
Note: Creates a definition of the term "law enforcement agency" for use in
renumbered s. 66.0313 (2) as shown in Section 363 of this bill.
AB710, s. 82 15Section 82. 66.032 of the statutes is renumbered 66.0403, and 66.0403 (1) (h),
16as renumbered, is amended to read:
AB710,72,1917 66.0403 (1) (h) "Owner" means at least one owner, as defined under s. 66.021
18(1) (b)
66.0217 (1) (c), of a property or the personal representative of at least one
19owner.
AB710, s. 83 20Section 83 . 66.033 (title) of the statutes is repealed.
AB710, s. 84 21Section 84 . 66.033 of the statutes is renumbered 66.0401 (2) and amended to
22read:
AB710,73,9
166.0401 (2) Authority to require trimming of blocking vegetation. Any A
2county, city, village or town may provide by ordinance for the trimming of vegetation
3which blocks solar energy, as defined in s. 66.032 66.0415 (1) (k), from a collector
4surface, as defined under s. 700.41 (2) (b), or which block blocks wind from a wind
5energy system, as defined in s. 66.032 66.0415 (1) (m). The ordinance may include,
6but is not limited to, a designation of responsibility for the costs of the trimming. The
7ordinance may not require the trimming of vegetation that was planted by the owner
8or occupant of the property on which the vegetation is located before the installation
9of the solar or wind energy system.
AB710, s. 85 10Section 85. 66.034 of the statutes, as created by 1999 Wisconsin Act 9, is
11renumbered 66.1027.
AB710, s. 86 12Section 86. 66.035 of the statutes is repealed.
Note: The substance of the repealed section is restated in new s. 66.0103. See
Section 28 of this bill.
AB710, s. 87 13Section 87. 66.036 of the statutes is renumbered 145.195.
AB710, s. 88 14Section 88. 66.037 of the statutes is renumbered 66.1111.
AB710, s. 89 15Section 89. 66.04 (title) of the statutes is renumbered 66.0601 (title).
AB710, s. 90 16Section 90. 66.04 (1) of the statutes is renumbered 66.0601 (1) (a) and
17amended to read:
AB710,73,2118 66.0601 (1) (a) Bonus to state institution . No appropriation or bonus of any
19kind
, except for a donation, may be made by any a town, village, or city, nor any
20municipal liability created nor tax levied, as a consideration or inducement to the
21state to locate any public educational, charitable, reformatory, or penal institution.
AB710, s. 91 22Section 91. 66.04 (1m) (title) of the statutes is repealed.
AB710, s. 92
1Section 92. 66.04 (1m) (a) and (b) of the statutes, as affected by 1999 Wisconsin
2Act 9
, are renumbered 66.0601 (1) (b) and (c).
AB710, s. 93 3Section 93. 66.04 (2), (2m) and (2s) of the statutes are renumbered 66.0603
4(1), (2) and (3), and 66.0603 (1) (a) (intro.) and (b) to (d) and (2) (intro.), as
5renumbered, are amended to read:
AB710,74,86 66.0603 (1) (a) (intro.) Any A county, city, village, town, school district, drainage
7district, technical college district or other governing board as defined by s. 34.01 (1)
8may invest any of its funds not immediately needed in any of the following:
AB710,74,159 (b) Any A town, city or village may invest surplus funds in any bonds or
10securities issued under the authority of the municipality, whether the bonds or
11securities create a general municipality liability or a liability of the property owners
12of the municipality for special improvements, and may sell or hypothecate the bonds
13or securities. Funds of any an employer, as defined by s. 40.02 (28), in a deferred
14compensation plan may also be invested and reinvested in the same manner
15authorized for investments under s. 881.01 (1).
AB710,74,1916 (c) Any A local government, as defined under s. 25.50 (1) (d), may invest surplus
17funds in the local government pooled-investment fund. Cemetery care funds,
18including gifts where the principal is to be kept intact, may also be invested under
19ch. 881.
AB710,74,2520 (d) Any A county, city, village, town, school district, drainage district, technical
21college district or other governing board as defined by s. 34.01 (1) may engage in
22financial transactions in which a public depository, as defined in s. 34.01 (5), agrees
23to repay funds advanced to it by the local government plus interest, if the agreement
24is secured by bonds or securities issued or guaranteed as to principal and interest by
25the federal government.
AB710,75,6
1(2) Delegation of investment authority. (intro.) Any A county, city, village,
2town, school district, drainage district, technical college district or other governing
3board, as defined in s. 34.01 (1), may delegate the investment authority over any of
4its funds not immediately needed to a state or national bank, or trust company, which
5is authorized to transact business in this state if all of the following conditions are
6met:
AB710, s. 94 7Section 94. 66.04 (3) of the statutes is renumbered 66.0601 (2).
AB710, s. 95 8Section 95. 66.04 (4) of the statutes is renumbered 66.0603 (4) and amended
9to read:
AB710,75,1510 66.0603 (4) Invested fund proceeds in populous cities, use. In any city of the
11first
a 1st class city, all interest derived from invested funds held by the city treasurer
12in a custodial capacity on behalf of any political entity, except for pension funds, shall
13be deemed
is general revenues revenue of such the city and shall revert to the city's
14general fund, conditioned upon the approval by such the political entity evidenced
15by a resolution adopted for that purpose.
AB710, s. 96 16Section 96. Subchapter IV (title) of chapter 66 [precedes 66.0401] of the
17statutes is created to read:
AB710,75,1818 Chapter 66
AB710,75,2019 Subchapter IV
20 Regulation
AB710, s. 97 21Section 97. 66.041 of the statutes is renumbered 66.0605 and amended to
22read:
AB710,76,5 2366.0605 Local government audits and reports. Notwithstanding any
24other statute, the governing body of any a county, city, village or town may require
25or authorize a financial audit of any a municipal or county officer, department, board,

1commission, function or activity financed in whole or part from municipal or county
2funds, or if any portion of the funds thereof are the funds of such the county, city,
3village or town. The governing body may likewise require submission of periodic
4financial reports by any such the officer, department, board, commission, function
5or activity.
AB710, s. 98 6Section 98 . 66.0413 (1) (title) of the statutes is created to read:
AB710,76,77 66.0413 (1) (title) Authority and procedure.
AB710, s. 99 8Section 99. 66.0413 (1) (a) and (b) of the statutes are created to read:
AB710,76,99 66.0413 (1) (a) Definitions. In this subsection:
AB710,76,1110 1. "Building" includes any building or structure or any portion of a building or
11structure.
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