LRB-3145/1
MES:kjf:pg
2005 - 2006 LEGISLATURE
July 18, 2005 - Introduced by Representatives Van Roy, Krawczyk, Townsend,
Hahn, Albers, Lothian, Gunderson, Hines, Ballweg and Nerison, by request
of Brown County. Referred to Committee on Urban and Local Affairs.
AB560,1,2
1An Act to amend 67.045 (1) (f) of the statutes;
relating to: changing the
2supermajority vote required of a county board to issue certain debt.
Analysis by the Legislative Reference Bureau
Generally under current law, a county may not issue general obligation bonds
or promissory notes unless one or more of several specified conditions apply. The
conditions include the following:
1. A referendum is held that approves the debt issuance.
2. The debt is issued to fund or refund outstanding municipal obligations.
3. The county board adopts a resolution to issue the debt by a vote of at least
three-fourths of the members-elect of the board.
This bill changes the three-fourths vote requirement to two-thirds.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB560, s. 1
3Section
1. 67.045 (1) (f) of the statutes is amended to read:
AB560,1,64
67.045
(1) (f) The governing body adopts a resolution to issue the debt by a vote
5of at least
three-fourths two-thirds of the members-elect, as defined in s. 59.001
6(2m).
AB560,2,32
(1) This act first applies to a resolution that is adopted on the effective date of
3this subsection.
