AB730, s. 38 11Section 38. 85.62 of the statutes is created to read:
AB730,20,18 1285.62 Aid to local professional football stadium districts. The
13department may make aid payments from the appropriation under s. 20.395 (1) (gv)
14to a local professional football stadium district created under subch. IV of ch. 229 for
15the development, construction, reconstruction or improvement of bridges, highways,
16parking lots, garages, transportation facilities or other functionally related or
17auxiliary facilities or structures associated with a football stadium, as defined in s.
18229.821 (6).
AB730, s. 39 19Section 39. 219.09 (1) (d) of the statutes is created to read:
AB730,20,2120 219.09 (1) (d) A local professional football stadium district created under
21subch. IV of ch. 229.
AB730, s. 40 22Section 40. Subchapter IV of chapter 229 [precedes 229.820] of the statutes
23is created to read:
AB730,20,2424 chapter 229
AB730,21,3
1Subchapter IV
2 Local Professional
3 Football stadium districts
AB730,21,13 4229.820 Legislative declaration. (1) The legislature determines that the
5provision of assistance by state agencies to a district under this subchapter, any
6appropriation of funds to a district under this subchapter and the moral obligation
7pledge under s. 229.830 (7) serve a statewide public purpose by assisting the
8development of professional football stadium facilities in the state for providing
9recreation, by encouraging economic development and tourism, by reducing
10unemployment and by bringing needed capital into the state for the benefit and
11welfare of people throughout the state. The legislature determines that the taxes
12that may be imposed by a district under subch. V of ch. 77 are special taxes that are
13generated apart from any direct annual tax on taxable property.
AB730,21,17 14(2) The legislature determines that a district serves a public purpose in the
15district's jurisdiction by providing recreation, by encouraging economic development
16and tourism, by reducing unemployment and by bringing needed capital into the
17district's jurisdiction for the benefit of people in the district's jurisdiction.
AB730,21,18 18229.821 Definitions. In this subchapter:
AB730,21,20 19(1) "Bond" means any bond, note or other obligation issued under s. 66.066 by
20a district.
AB730,21,24 21(2) "Bond resolution" means a resolution of the district board authorizing the
22issuance of, or providing terms and conditions related to, bonds and includes, where
23appropriate, any trust agreement, trust indenture, indenture of mortgage or deed of
24trust providing terms and conditions for bonds.
AB730,22,5
1(3) "Chief elected official" means the mayor of a city or, if the city is organized
2under subch. I of ch. 64, the president of the council of that city, the village president
3of a village, the town board chair of a town or the county executive of a county or, if
4the county does not have a county executive, the chairperson of the county board of
5supervisors.
AB730,22,6 6(4) "District" means a special purpose district created under this subchapter.
AB730,22,7 7(5) "District board" means the governing board of a district.
AB730,22,12 8(6) "Football stadium" means a stadium that is principally used as the home
9stadium of a professional football team described in s. 229.823 at the time that a
10district is created, or if no home stadium exists at the time that a district is created,
11"football stadium" means a stadium that includes the site of a proposed home
12stadium of such a team.
AB730,22,17 13(7) "Football stadium facilities" means football stadium property, tangible or
14intangible, including spectator seating of all types, practice facilities, parking lots
15and structures, garages, restaurants, parks, concession facilities, entertainment
16facilities, facilities for the display or sale of memorabilia, transportation facilities,
17and other functionally related or auxiliary facilities or structures.
AB730,22,18 18(8) "Home stadium" means a stadium approved as provided in s. 229.823.
AB730,22,22 19(9) "Members-elect" means those members of the governing body of a
20municipality or county, at a particular time, who have been duly elected or appointed
21for a current regular or unexpired term and whose service has not terminated by
22death, resignation or removal from office.
AB730,22,23 23(10) "Municipality" means a city, village or town.
AB730,22,24 24(11) "Political subdivision" means a city, village, town or county.
AB730,23,2
1(12) "Related party" means a corporation or business entity that is owned,
2controlled or operated by, or under common control with, a professional football team.
AB730,23,8 3229.822 Creation and organization. (1) There is created, for each
4jurisdiction under s. 229.823, a special district that is a local governmental unit, that
5is a body corporate and politic, that is separate and distinct from, and independent
6of, the state and the political subdivisions within its jurisdiction, that has the powers
7under s. 229.824 and the name of which includes "Professional Football Stadium
8District".
AB730,23,10 9(2) A district is governed by its district board. Subject to sub. (3), the district
10board shall consist of the following members:
AB730,23,1511 (a) Two persons appointed by the governor. At least one of the persons
12appointed by the governor shall reside within the county in which the football
13stadium is located. A person appointed under this paragraph may take his or her
14seat immediately upon appointment and qualification, subject to confirmation or
15rejection by the senate.
AB730,23,2016 (b) Two persons appointed by the chief elected official of the most populous city
17located wholly or partly within the jurisdiction of a district. A person appointed
18under this paragraph may take his or her seat immediately upon appointment and
19qualification, subject to confirmation or rejection by a majority of the members-elect
20of the common council or council.
AB730,23,2421 (c) Two persons appointed by the chief elected official of the county in which the
22football stadium is located. A person appointed under this paragraph may take his
23or her seat immediately upon appointment and qualification, subject to confirmation
24or rejection by a majority of the members-elect of the county board.
AB730,24,8
1(d) One person appointed by the chief elected official of any municipality
2located wholly or partly within the jurisdiction of the district, other than the most
3populous city located wholly or partly within the jurisdiction of the district, that has
4a boundary at the time of creation of the district that is contiguous to a boundary of
5the site of the football stadium. A person appointed under this paragraph may take
6his or her seat immediately upon appointment and qualification, subject to
7confirmation or rejection by a majority of the members-elect of the governing body
8of the municipality.
AB730,24,19 9(3) Upon appointment under sub. (2), the appointing authorities shall certify
10the appointees to the secretary of administration. The terms of office of the persons
11appointed under sub. (2) shall be 2 years expiring on July 1, except that the initial
12terms shall expire on July 1 of the 4th year beginning after the year of creation of a
13district. Persons appointed under sub. (2) may be removed from the district board
14before the expiration of their terms by the appointing authority but only for cause,
15as defined in s. 17.16 (2). Vacancies shall be filled by the appointing authority who
16appointed the person whose office is vacant. A person appointed to fill a vacancy
17under sub. (2) shall serve for the remainder of the unexpired term to which he or she
18is appointed. The appointing authorities shall confer with one another regarding
19their appointments with a view toward achieving diversity on the district board.
AB730,24,25 20(4) The governor shall select the chairperson of the district board, and the
21district board shall elect from its membership a vice chairperson, a secretary and a
22treasurer. A majority of the current membership of the district board constitutes a
23quorum to do business. The district may take action based on the affirmative vote
24of a majority of those members of the district board who are present at a meeting of
25the district board.
AB730,25,2
1(5) The members of the district board shall be reimbursed for their actual and
2necessary expenses incurred in the performance of their duties.
AB730,25,5 3(6) Upon the appointment and qualification of a majority of the members of a
4district board, the district board may exercise the powers and duties of a district
5board under this subchapter.
AB730,25,7 6(7) The district board shall name the district, and the name shall include
7"Professional Football Stadium District".
AB730,25,17 8229.823 Jurisdiction. A district's jurisdiction is any county with a population
9at the date of the district's creation of more than 150,000 that includes the principal
10site of a stadium that is home to a professional football team, that is a member of a
11league of professional football teams that have home stadiums in at least 10 states
12and a collective average attendance for all league members of at least 40,000 persons
13per game over the 5 years immediately preceding the year in which a district is
14created, and that is approved by that league for use as a home stadium for that
15professional football team. Once created, the district's jurisdiction remains fixed
16even if population or attendance figures subsequently decline below the minimums
17described in this section.
AB730,25,20 18229.824 Powers of a district. A district has all of the powers necessary or
19convenient to carry out the purposes and provisions of this subchapter. In addition
20to all other powers granted by this subchapter, a district may do all of the following:
AB730,25,21 21(1) Adopt bylaws to govern the district's activities, subject to this subchapter.
AB730,25,22 22(2) Sue and be sued in its own name, plead and be impleaded.
AB730,25,23 23(3) Maintain an office.
AB730,25,24 24(4) In connection with football stadium facilities:
AB730,26,3
1(a) Acquire, construct, equip, maintain, improve, operate and manage the
2football stadium facilities as a revenue-generating enterprise, or engage other
3persons to do these things.
AB730,26,54 (b) Acquire; lease, as lessor or lessee; use; transfer; or accept transfers of
5property.
AB730,26,76 (c) Improve, maintain and repair property, and fund reserves for maintenance,
7depreciation and capital improvements.
AB730,26,128 (d) Enter into contracts, subject to such standards as may be established by the
9district board. The district board may award any such contract for any combination
10or division of work it designates and may consider any factors in awarding a contract,
11including price, time for completion of work and qualifications and past performance
12of a contractor.
AB730,26,1313 (e) Grant concessions.
AB730,26,1414 (f) Sell or otherwise dispose of unneeded or unwanted property.
AB730,26,18 15(5) Employ personnel, and fix and regulate their compensation; and provide,
16either directly or subject to an agreement under s. 66.30 as a participant in a benefit
17plan of another governmental entity, any employe benefits, including an employe
18pension plan.
AB730,26,21 19(6) Purchase insurance, establish and administer a plan of self-insurance or,
20subject to an agreement with another governmental entity under s. 66.30,
21participate in a governmental plan of insurance or self-insurance.
AB730,26,22 22(7) Mortgage, pledge or otherwise encumber the district's property or funds.
AB730,27,2 23(8) Issue revenue bonds under s. 66.066, subject to ss. 229.829 to 229.834, and
24enter into agreements related to the issuance of bonds, including liquidity and credit
25facilities, remarketing agreements, insurance policies, guaranty agreements, letter

1of credit or reimbursement agreements, indexing agreements, interest exchange
2agreements and currency exchange agreements.
AB730,27,4 3(9) Maintain funds and invest the funds in any investment that the district
4board considers appropriate.
AB730,27,6 5(10) Promote, advertise and publicize its football stadium facilities and related
6activities.
AB730,27,9 7(11) Set standards governing the use of, and the conduct within, its football
8stadium facilities in order to promote public safety and convenience and to maintain
9order.
AB730,27,11 10(12) Establish and collect fees or other charges for the use of its football
11stadium facilities or for services rendered by the district.
AB730,27,15 12(13) Establish and collect fees or other charges for the right to purchase
13admission to events at the football stadium if the proceeds from any amount that is
14collected under this subsection are used for purposes related to football stadium
15facilities.
AB730,27,17 16(14) Enter into partnerships, joint ventures, common ownership or other
17arrangements with other persons to further the district's purposes.
AB730,28,3 18(15) Impose, by the adoption of a resolution, the taxes under subch. V of ch. 77,
19except that the taxes imposed by the resolution may not take effect until the
20resolution is approved by a majority of the electors in the district's jurisdiction voting
21on the resolution at a referendum, to be held on a date specified by the county board
22not earlier than 45 days nor later than one year after adoption of the resolution. The
23referendum may be held at any spring or general election or any spring or September
24primary, or at a special election called by the county board for that purpose. A district
25may not levy any taxes that are not expressly authorized under subch. V of ch. 77.

1If a district board adopts a resolution that imposes taxes and the resolution is
2approved by the electors, the district shall deliver a certified copy of the resolution
3to the secretary of revenue at least 30 days before its effective date.
AB730,28,4 4(16) Accept gifts, loans and other aid.
AB730,28,6 5(17) Administer the receipt of revenues, and oversee the payment of bonds
6issued by the district.
AB730,28,7 7(18) Adopt and alter an official seal.
AB730,28,11 8229.825 Special fund tax revenues. (1) The district board shall maintain
9a special fund into which it deposits only the revenue received from the department
10of revenue, that is derived from the taxes imposed under subch. V of ch. 77, and may
11use this revenue only for purposes related to football stadium facilities.
AB730,29,2 12(2) If the district board determines that the revenues in the special fund under
13this section exceed current debt service and operating expenses for the operation of
14football stadium facilities, the district board shall apply the excess first to fund a
15reserve or reserves for maintenance costs, depreciation and capital improvements,
16and second, when the reserve or reserves are adequately funded to meet the
17obligations of the district, to retire bonds issued for purposes related to football
18stadium facilities, and any bonds issued to fund or refund those bonds, prior to their
19maturity. As soon as practicable after the retirement of all bonds issued for purposes
20related to football stadium facilities and all bonds issued to fund or refund those
21bonds and after funding a reserve or reserves for maintenance costs and capital
22improvements sufficiently to meet any maintenance, depreciation or capital
23improvement obligations between the district and any professional football team
24using football stadium facilities constructed under this subchapter as a home

1stadium, the district board shall make a certification to the department of revenue
2to that effect.
AB730,29,5 3229.826 Powers granted to a municipality or county. In addition to any
4powers that it may otherwise have, a county or municipality located wholly or partly
5within a district's jurisdiction may do any of the following:
AB730,29,7 6(1) Make grants or loans to a district upon terms that the county or
7municipality considers appropriate.
AB730,29,8 8(2) Expend public funds to subsidize a district.
AB730,29,10 9(3) Borrow money under ss. 67.04 and 67.12 (12) for football stadium facilities
10or to fund grants, loans or subsidies to a district.
AB730,29,12 11(4) Lease or transfer property to a district upon terms that the county or
12municipality considers appropriate.
AB730,29,16 13(5) With the consent of a district, establish and collect fees or other charges
14applicable only to a football stadium for the right to purchase admission to events at
15the stadium, if the proceeds from any amount that is collected under this subsection
16are used for purposes related to football stadium facilities.
AB730,29,22 17229.827 Contracting. Unless a district board determines that it is not
18feasible to do so, the district shall enter into a contract with a professional football
19team, as described in s. 229.823, or a related party, that requires the team or related
20party to acquire and construct football stadium facilities that are part of any facilities
21that are leased by the district to the team or to a related party, without regard to
22whether the football stadium facilities are financed by the district.
AB730,30,5 23229.828 Dissolution of a district. Subject to providing for the payment of
24its bonds, including interest on the bonds, and the performance of its other
25contractual obligations, a district may be dissolved by the action of the district board.

1If the district is dissolved, the property of the district shall be transferred to the
2political subdivisions that compose the district's jurisdiction in such proportions as
3the secretary of administration determines fairly and reasonably represent the
4contributions of each political subdivision to the development or improvement of the
5football stadium facilities.
AB730,30,8 6229.829 Issuance and negotiability of bonds. (1) Negotiability. All bonds
7are negotiable for all purposes, notwithstanding their payment from a limited
8source.
AB730,30,11 9(2) Employment of financial consultant. A district may retain the building
10commission or any other person as its financial consultant to assist with and
11coordinate the issuance of bonds.
AB730,30,15 12(3) No personal liability. Neither the members of the district board nor any
13person executing the bonds is liable personally on the bonds or subject to any
14personal liability or accountability by reason of the issuance of the bonds, unless the
15personal liability or accountability is the result of wilful misconduct.
AB730,30,21 16229.830 Special debt service reserve funds for moral obligation pledge.
17(1) Designation of special debt service reserve funds. A district may designate one
18or more accounts in funds created under s. 66.066 (2) (e) as special debt service
19reserve funds, if, prior to each issuance of bonds to be secured by each special debt
20service reserve fund, the secretary of administration determines that all of the
21following conditions are met with respect to the bonds:
AB730,30,2322 (a) Purpose. The proceeds of the bonds, other than refunding bonds, will be
23used for purposes related to football stadium facilities.
AB730,31,424 (b) Feasibility. The proceeds of bonds, other than refunding bonds, will be used
25for feasible projects and there is a reasonable likelihood that the bonds will be repaid

1without the necessity of drawing on funds in the special debt service reserve fund
2that secures the bonds. The secretary of administration may make the
3determinations required under this paragraph only after considering all of the
4following:
AB730,31,65 1. Whether a pledge of the tax revenues of the district is made under the bond
6resolution.
AB730,31,77 2. How the tax revenues of the district are pledged to the payment of the bonds.
AB730,31,108 3. Revenue projections for the project to be financed by the bonds, including tax
9revenues, and the reasonableness of the assumptions on which these revenue
10projections are based.
AB730,31,1211 4. The proposed interest rates of the bonds and the resulting cash-flow
12requirements.
AB730,31,1413 5. The projected ratio of annual tax revenues to annual debt service of the
14district, taking into account capitalized interest.
AB730,31,1715 6. Whether an understanding exists providing for repayment by the district to
16the state of all amounts appropriated to the special debt service reserve fund
17pursuant to sub. (7).
AB730,31,2018 7. Whether the district has agreed that the department of administration will
19have direct and immediate access, at any time and without notice, to all records of
20the district.
AB730,31,2421 (c) Limit on bonds issued backed by moral obligation pledge. The principal
22amount of all bonds, other than refunding bonds, that would be secured by all special
23debt service reserve funds of the district under this section will not exceed
24$160,000,000 at any one time outstanding.
AB730,32,2
1(d) Date of issuance. The bonds, other than refunding bonds, will be issued no
2later than December 31, 2004.
AB730,32,43 (e) Refunding bonds. All refunding bonds to be secured by the special debt
4service reserve fund meet all of the following conditions:
AB730,32,65 1. The refunding bonds are to be issued to fund, refund or advance refund bonds
6secured by a special debt service reserve fund.
AB730,32,87 2. The refunding of bonds by the refunding bonds will not adversely affect the
8risk that the state will be called on to make a payment under sub. (7).
AB730,32,149 (f) Approval of outstanding debt. All outstanding debt of the district has been
10reviewed and approved by the secretary of administration. In determining whether
11to approve outstanding debt under this paragraph, the secretary may consider any
12factor which the secretary determines to have a bearing on whether the state moral
13obligation pledge under sub. (7) should be granted with respect to an issuance of
14bonds.
AB730,32,1815 (g) Financial reports. The district has agreed to provide to the department of
16administration, the legislative fiscal bureau and the legislative audit bureau all
17financial reports of the district and all regular monthly statements of any trustee of
18the bonds on a direct and ongoing basis.
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