AB329: Bill Text

AB329,52,10 63.03 (2) (jm) Deputy county comptroller under s. 59.255 (2).

AB329, s. 116 Section 116. 66.0114 (1) (bm) of the statutes is amended to read:

AB329,53,2 66.0114 (1) (bm) The official receiving the penalties shall remit all moneys collected to the treasurer of the city, village, town sanitary district, or public inland lake protection and rehabilitation district in whose behalf the sum was paid, except that all jail surcharges imposed under ch. 814 shall be remitted to the county treasurer or the county comptroller under s. 59.255, within 20 days after their receipt by the official. If timely remittance is not made, the treasurer or comptroller may collect the payment of the officer by action, in the name of the office, and upon the official bond of the officer, with interest at the rate of 12% per year from the date on which it was due. In the case of any other costs, fees, and surcharges imposed under ch. 814, the treasurer of the city, village, town sanitary district, or public inland lake protection and rehabilitation district shall remit to the secretary of administration the amount required by law to be paid on the actions entered during the preceding month on or before the first day of the next succeeding month. The governing body of the city, village, town sanitary district, or public inland lake protection and rehabilitation district shall by ordinance designate the official to receive the penalties and the terms under which the official qualifies.

AB329, s. 117 Section 117. 66.0114 (3) (c) of the statutes is amended to read:

AB329,53,10 66.0114 (3) (c) The entire amount in excess of $150 of any forfeiture imposed for the violation of any traffic regulation in conformity with ch. 348 shall be transmitted to the county treasurer or the county comptroller under s. 59.255 if the violation occurred on an interstate highway, a state trunk highway, or a highway over which the local highway authority does not have primary maintenance responsibility. The county treasurer or the county comptroller under s. 59.255 shall then make payment to the secretary of administration as provided in s. 59.25 (3) (L).

AB329, s. 118 Section 118. 66.0235 (5) of the statutes, as affected by 2011 Wisconsin Act 32, is amended to read:

AB329,54,16 66.0235 (5) Apportionment board. The boards or councils of the local governmental units, or committees selected for that purpose, acting together, constitute an apportionment board. When a local governmental unit is dissolved because all of its territory is transferred the board or council of the local governmental unit existing at the time of dissolution shall, for the purpose of this section, continue to exist as the governing body of the local governmental unit until there has been an apportionment of assets by agreement of the interested local governmental units or by an order of the circuit court. After an agreement for apportionment of assets has been entered into between the interested local governmental units, or an order of the circuit court becomes final, a copy of the apportionment agreement, or of the order, certified to by the clerks of the interested local governmental units, shall be filed with the department of revenue, the department of natural resources, the department of transportation, the state superintendent of public instruction, the department of administration, and with any other department or agency of the state from which the town may be entitled by law to receive funds or certifications or orders relating to the distribution or disbursement of funds, with the county treasurer or the county comptroller under s. 59.255, with the treasurer of any local governmental unit, or with any other entity from which payment would have become due if the dissolved local governmental unit had continued in existence. Subject to ss. 79.006 and 86.303 (4), payments of forest crop taxes under s. 77.05, of transportation aids under s. 20.395, of state aids for school purposes under ch. 121, payments for managed forest land under subch. VI of ch. 77 and all payments due from a department or agency of the state, from a county, from a local governmental unit, or from any other entity from which payments would have become due if the dissolved local governmental unit had continued in existence, shall be paid to the interested local governmental unit as provided by the agreement for apportionment of assets or by any order of apportionment by the circuit court and the payments have the same force and effect as if made to the dissolved local governmental unit.

AB329, s. 119 Section 119. 66.0309 (14) (a) of the statutes is amended to read:

AB329,55,5 66.0309 (14) (a) For the purpose of providing funds to meet the expenses of a regional planning commission, the commission shall annually on or before October 1 prepare and approve a budget reflecting the cost of its operation and services to the local governmental units within the region. The amount of the budget charged to any local governmental unit shall be in the proportion of the equalized value for tax purposes of the land, buildings, and other improvements on the land of the local governmental unit, within the region, to the total equalized value within the region. The amount charged to a local governmental unit shall not exceed .003 percent of equalized value under its jurisdiction and within the region, unless the governing body of the unit expressly approves the amount in excess of that percentage. All tax or other revenues raised for a regional planning commission shall be forwarded by the treasurer of the local unit or the county comptroller under s. 59.255 to the treasurer of the commission on written order of the treasurer of the commission.

AB329, s. 120 Section 120. 66.0505 (3) (a) 1. of the statutes is amended to read:

AB329,55,11 66.0505 (3) (a) 1. Notwithstanding the provisions of s. 59.10 (1) (c), (2) (c), (3) (f) to (j), 60.32, 61.193, 61.32, or 62.09 (6), an elective officer may send written notification to the clerk and treasurer of the political subdivision , or the county comptroller under s. 59.255, on whose governing body he or she serves that he or she wishes to refuse to accept the salary that he or she is otherwise entitled to receive.

AB329, s. 121 Section 121. 66.0505 (3) (a) 4. of the statutes is amended to read:

AB329,55,19 66.0505 (3) (a) 4. If a clerk and treasurer or the county comptroller under s. 59.255 receive notification as described in subd. 2. or 3., the treasurer or comptroller may not pay the elective officer his or her salary during the time period to which the notification applies. Upon receipt of such notification, the political subdivision's treasurer or the county comptroller under s. 59.255 shall not pay the elective officer the salary that he or she is otherwise entitled to receive, beginning with the first pay period that commences after notification applies.

AB329, s. 122 Section 122. 66.0505 (3) (b) of the statutes is amended to read:

AB329,56,2 66.0505 (3) (b) An elective officer, or officer-elect, who sends the written notification described under par. (a) may not rescind the notification. If an elective officer's notification no longer applies, the political subdivision's treasurer or the county comptroller under s. 59.255 shall pay the elective officer any salary that he or she is entitled to receive, beginning with the first pay period that commences after the expiration of the notification.

AB329, s. 123 Section 123. 66.0607 (1) of the statutes is amended to read:

AB329,56,14 66.0607 (1) Except as otherwise provided in subs. (2) to (5) and in s. 66.0608, in a county, city, village, town, or school district, all disbursements from the treasury shall be made by the treasurer or the county comptroller under s. 59.255 upon the written order of the county, city, village, town, or school clerk after proper vouchers have been filed in the office of the clerk. If the statutes provide for payment by the treasurer or comptroller without an order of the clerk, the clerk shall draw and deliver to the treasurer or comptroller an order for the payment before or at the time that the payment is required to be made by the treasurer or comptroller. This section applies to all special and general provisions of the statutes relative to the disbursement of money from the county, city, village, town, or school district treasury except s. 67.10 (2).

AB329, s. 124 Section 124. 66.0607 (3) of the statutes is amended to read:

AB329,57,16 66.0607 (3) Except as provided in subs. (2), (3m) and (5), disbursements of county, city, village, town or school district funds from demand deposits shall be by draft or order check and withdrawals from savings or time deposits shall be by written transfer order. Written transfer orders may be executed only for the purpose of transferring deposits to an authorized deposit of the public depositor in the same or another authorized public depository. The transfer shall be made directly by the public depository from which the withdrawal is made. No draft or order check issued under this subsection may be released to the payee, nor is the draft or order check valid, unless signed by the clerk and treasurer or the county comptroller under s. 59.255. No transfer order is valid unless signed by the clerk and the treasurer or the county comptroller under s. 59.255. Unless otherwise directed by ordinance or resolution adopted by the governing body, a certified copy of which shall be filed with each public depository concerned, the chairperson of the county board, mayor, village president, town chairperson or school district president shall countersign all drafts or order checks and all transfer orders. The governing body may also, by ordinance or resolution, authorize additional signatures. In lieu of the personal signatures of the clerk and treasurer or the county comptroller under s. 59.255 and any other required signature, the facsimile signature adopted by the person and approved by the governing body may be affixed to the draft, order check or transfer order. The use of a facsimile signature does not relieve an official from any liability to which the official is otherwise subject, including the unauthorized use of the facsimile signature. A public depository is fully warranted and protected in making payment on any draft or order check or transferring pursuant to a transfer order bearing a facsimile signature affixed as provided by this subsection notwithstanding that the facsimile signature may have been affixed without the authority of the designated persons.

AB329, s. 125 Section 125. 66.0607 (3m) of the statutes is amended to read:

AB329,57,23 66.0607 (3m) A county, city, village, town or school district may process periodic payments through the use of money transfer techniques, including direct deposit, electronic funds transfer and automated clearinghouse methods. The county, municipal or school district treasurer, or the county comptroller under s. 59.255, shall keep a record of the date, payee and amount of each disbursement made by a money transfer technique.

AB329, s. 126 Section 126. 66.0711 (2) of the statutes is amended to read:

AB329,58,10 66.0711 (2) Every bid received for any public improvement which is not to be paid wholly in cash shall contain a provision that all payments made in cash by the local governmental unit as provided by contract or made on special assessments are subject to a specified rate of discount. The treasurer of the local governmental unit or the county comptroller under s. 59.255 shall issue a receipt for every payment made on any special assessment, stating the date and amount of the cash payment, the discount and the total credit including the discount on a specified special assessment. The treasurer or comptroller shall on the same day deliver a duplicate of the receipt to the clerk, who shall credit the specified assessments accordingly. All moneys so received shall be paid to the contractor as provided by the contract.

AB329, s. 127 Section 127. 66.0713 (2) (a) of the statutes is amended to read:

AB329,58,17 66.0713 (2) (a) If a public improvement has been made and has been accepted by the governing body of the local governmental unit, it may issue to the contractor for the public improvement a contractor's certificate as to each parcel of land against which special assessments have been levied for the unpaid balance of the amount chargeable to the parcel, describing each parcel. The certificate shall be substantially in the following form:

AB329,58,18 $.... No. ....

AB329,58,19 (name of local governmental unit)

AB329,58,20 Contractor's certificate

AB329,58,21 For construction of ....

AB329,58,22 (name of local governmental unit)

AB329,58,23 Issued pursuant to

AB329, s. 66 Section 66.0713 (2), Wis. Stats.

AB329,59,7 We, the undersigned officers of the (name of local governmental unit), certify that (name and address of contractor) has performed the work of constructing .... in .... benefiting the following premises: (insert legal description) in the (name of local governmental unit) .... County, Wisconsin, pursuant to a contract entered into by (name of local governmental unit) with .... (name of contractor), dated ...., and that .... entitled to the sum of .... dollars, the unpaid balance due for the work chargeable to the property described above.

AB329,59,12 If the unpaid balance due is not paid to the treasurer or the county comptroller under s. 59.255 of (name of local governmental unit) before the first day of the following December, that amount shall be extended upon the tax roll of the (name of local governmental unit) against the property above described as listed in the tax roll, and collected as provided by law.

AB329,59,18 This certificate is transferable by endorsement but an assignment or transfer by endorsement is invalid unless recorded in the office of the clerk of the (name of local governmental unit) and the fact of the recording is endorsed on this certificate. The holder of this certificate has no claim upon the (Name of local governmental unit), except from the proceeds of the special assessments levied for the work against the above described land.

AB329,59,19 This certificate shall bear interest from its date to the following January 1.

AB329,59,21 Given under our hands at (name of local governmental unit), this .... day of ...., .... (year)

AB329,59,22 .... ....

AB329,59,23 (Mayor, President, Chairperson)

AB329,59,24 Countersigned:

AB329,59,25 .... ....

AB329,60,1 Clerk, (name of local governmental unit)

AB329,60,2 Assignment record

AB329,60,4 Assigned by .... .... (Original Contractor) to .... .... (Name of Assignee) of .... (Address of Assignee) .... .... (Date and signature of clerk)

AB329, s. 128 Section 128. 66.0713 (2) (b) of the statutes is amended to read:

AB329,61,2 66.0713 (2) (b) A contractor's certificate is not a liability of a local governmental unit and shall so state in boldface type printed on the face of the certificate. Upon issuance of a certificate, the clerk of the local governmental unit shall immediately deliver to the treasurer of the local governmental unit or the county comptroller under s. 59.255 a schedule of each certificate showing the date, amount, number, date of maturity, person to whom issued and parcel of land against which the assessment is made. The treasurer or comptroller shall notify, by mail, the owner of the parcel, as the owner appears on the last assessment roll, that payment is due on the certificate at the office of the treasurer or comptroller, and if the owner pays the amount due, the clerk shall pay that amount to the registered holder of the certificate, and shall endorse the payment on the face of the certificate and on the clerk's record of the certificate. The clerk shall keep a record of the names of the persons, firms or corporations to whom contractor's certificates are issued and of the assignees of certificates when the assignment is known to the clerk. Assignments of contractor's certificates are invalid unless recorded in the office of the clerk of the local governmental unit and the fact of recording is endorsed on the certificate. Upon final payment of the certificate, the certificate shall be delivered to the treasurer of the local governmental unit or the county comptroller under s. 59.255 and by the treasurer or comptroller delivered to the clerk. On the first of each month, to and including December 1, the treasurer or the county comptroller under s. 59.255 shall certify to the clerk a detailed statement of all payments made on certificates.

AB329, s. 129 Section 129. 66.0713 (2) (c) of the statutes is amended to read:

AB329,61,16 66.0713 (2) (c) If a contractor's certificate is not paid before December 1 in the year in which issued, the comptroller or clerk of the local governmental unit shall include in the statement of special assessments to be placed in the next tax roll an amount sufficient to pay the certificate, with interest from the date of the certificate to the following January 1, and the proceedings for the collection of that amount shall be the same as the proceedings for the collection of general property taxes, except as otherwise provided in this section. The delinquent taxes shall be returned to the county treasurer or the county comptroller under s. 59.255 in trust for collection and not for credit. All moneys collected by the treasurer of the local governmental unit or by the county treasurer, or the county comptroller under s. 59.255, and remitted to the treasurer or comptroller of the local governmental unit on account of the special assessments shall be delivered to the owner of the contractor's certificate on demand.

AB329, s. 130 Section 130. 66.0713 (4) (ba) of the statutes is amended to read:

AB329,62,2 66.0713 (4) (ba) Payments of principal and interest shall conform as nearly as possible to the payments to be made on the installments of the assessment, and the principal and interest to be paid on the bonds shall not exceed the principal and interest to be received on the assessment. All collections of installments of the special assessments levied to pay for the public improvement, either before or after delinquency, shall be placed by the treasurer of the local governmental unit or the county comptroller under s. 59.255 in a special debt service fund designated and identified for the bond issue and shall be used only for the payment of the bonds and interest of the issue. Any surplus in the debt service fund after all bonds and interest are fully paid shall be paid into the general fund.

AB329, s. 131 Section 131. 66.0713 (4) (d) of the statutes is amended to read:

AB329,62,13 66.0713 (4) (d) Principal and interest collected on the underlying special assessments and interest collected on the delinquent special assessments and on delinquent tax certificates issued for the delinquent assessments shall be paid by the treasurer of the local governmental unit or the county comptroller under s. 59.255 out of the debt service fund created for the issue of the bonds to the registered holder of the bonds upon the presentation and surrender of the coupons due attached to the bonds. If any installment of the special assessment entered in the tax roll is not paid to the treasurer of the local governmental unit or the county comptroller under s. 59.255 with the other taxes, it shall be returned to the county treasurer or the county comptroller under s. 59.255 as delinquent in trust for collection.

AB329, s. 132 Section 132. 66.0713 (4) (e) of the statutes is amended to read:

AB329,62,21 66.0713 (4) (e) If the tax certificate resulting from the delinquent special assessment is redeemed by any person other than the county, the county treasurer or the county comptroller under s. 59.255 shall pay to the local governmental unit the full amount received for the tax certificate, including interest, and the treasurer of the local governmental unit or the county comptroller under s. 59.255 shall then pay the amount of the remittance into a special debt service fund created for the payment of the special assessment B bonds.

AB329, s. 133 Section 133. 66.0713 (5) (b) 4. of the statutes is amended to read:

AB329,63,5 66.0713 (5) (b) 4. All collections of principal and interest on the underlying special assessments and installments, either before or after delinquency and after issuance of a tax certificate under s. 74.57, shall be placed by the treasurer of the local governmental unit or the county comptroller under s. 59.255 in a special debt service fund created, designated and identified for the issue of the bonds and used only for payment of the bonds and interest on the bonds to the holders of the bonds or coupons in accordance with the terms of the issue. Any surplus in the debt service fund, after all bonds and interest on the bonds are fully paid, shall be paid into the general fund.

AB329, s. 134 Section 134. 66.0713 (5) (b) 5. of the statutes is amended to read:

AB329,63,12 66.0713 (5) (b) 5. If the tax certificate is redeemed by any person other than the county, the county treasurer or the county comptroller under s. 59.255 shall pay to the local governmental unit the full amount received for the certificate, including interest, and the treasurer of the local governmental unit or the county comptroller under s. 59.255 shall pay the amount of the remittance into the special debt service fund created for the payment of the bonds.

AB329, s. 135 Section 135. 66.0715 (3) (d) of the statutes is amended to read:

AB329,63,18 66.0715 (3) (d) If any installment entered in the tax roll is not paid to the treasurer of the local governmental unit or the county comptroller under s. 59.255 with the other taxes it shall be returned to the county as delinquent and accepted and collected by the county in the same manner as delinquent general taxes on real estate, except as otherwise provided in this section.

AB329, s. 136 Section 136. 66.0715 (3) (e) of the statutes is amended to read:

AB329,63,22 66.0715 (3) (e) If the governing body determines to permit special assessments for a local improvement to be paid in installments it shall publish a class 1 notice, under ch. 985. The notice shall be substantially in the following form:

AB329,63,23 INSTALLMENT ASSESSMENT NOTICE

AB329,64,12 Notice is hereby given that a contract has been (or is about to be) let for (describe the improvement) and that the amount of the special assessment for the improvement has been determined as to each parcel of real estate affected and a statement of the assessment is on file with the.... clerk; it is proposed to collect the special assessment in.... installments, as provided for by section 66.0715 of the Wisconsin Statutes, with interest at.... percent per year; that all assessments will be collected in installments as provided above except assessments on property where the owner files with the.... clerk within 30 days from date of this notice a written notice that the owner elects to pay the special assessment on the owner's property, describing the property, to the.... treasurer or the county comptroller under s. 59.255 on or before the following November 1, unless the election is revoked. If, after making the election, the property owner fails to make the payment to the.... treasurer or the county comptroller under s. 59.255, the.... clerk shall place the entire assessment on the following tax roll.

AB329,64,13 Dated....

AB329,64,14 .... [Clerk of (name of local governmental unit)]

AB329, s. 137 Section 137. 66.0923 (9) of the statutes is amended to read:

AB329,64,24 66.0923 (9) Auditorium fund. A joint county-city auditorium fund shall be created and established in a public depository to be specified in the ordinance. The treasurer of the respective county, or the county comptroller under s. 59.255, and city shall pay into the fund the amounts specified by the ordinance and resolutions of the respective municipalities when the amounts have been collected. All of the moneys which come into the fund are appropriated to the board for the execution of its functions as provided by the ordinance and the resolutions of the respective municipalities. The moneys in the fund shall be paid out by the treasurer of the auditorium board only upon the approval or direction of the board.

AB329, s. 138 Section 138. 66.0925 (9) of the statutes is amended to read:

AB329,65,9 66.0925 (9) Safety building fund. A joint county-city safety building fund shall be created and established in a public depository to be specified in the ordinance. The treasurer of the respective county, or the county comptroller under s. 59.255, and city shall pay into the fund the amounts specified by the ordinance and resolutions of the respective municipalities when the amounts have been collected. All of the moneys which come into the fund are appropriated to the board for the execution of its functions as provided by the ordinance and the resolutions of the respective municipalities. The moneys in the fund shall be paid out by the treasurer of the safety building board only upon the approval or direction of the board.

AB329, s. 139 Section 139. 66.0927 (10) of the statutes is amended to read:

AB329,65,19 66.0927 (10) Hospital fund. A joint county-city hospital fund shall be created and established in a public depository to be specified in the ordinance. The treasurer of the respective county, or the county comptroller under s. 59.255, and city or cities shall pay into the fund the amounts specified by the ordinance and resolutions of the respective municipalities when the amounts have been collected. All of the moneys which come into the fund are appropriated to the board for the execution of its functions as provided by the ordinance and the resolutions of the respective municipalities. The moneys in the fund shall be paid out by the treasurer of the hospital board only upon the approval or direction of the board.

AB329, s. 140 Section 140. 66.1005 (2) (c) of the statutes is amended to read:

AB329,66,5 66.1005 (2) (c) Damages for the discontinuance of the easements and rights described in par. (a) shall be assessed against the land benefited in the proceedings for assessment of damages or benefits upon the vacation or discontinuance of the public highway or public ground. Unless the parties agree on a different amount, the amount of the damages shall be the present value of the property to be removed or abandoned, plus the cost of removal, less the salvage value of the removed or abandoned property. The owner of the easements and incidental rights, upon application to the treasurer, or the county comptroller under s. 59.255, and upon furnishing satisfactory proof, shall be entitled to any payments of or upon the assessment of damages.

AB329, s. 141 Section 141. 66.1105 (4m) (ae) 2. of the statutes is amended to read:

AB329,66,12 66.1105 (4m) (ae) 2. The representative chosen by the county under par. (a) shall be the county executive or, if the county does not have a county executive, the chairperson of the county board, or the executive's or chairperson's designee. If the county executive or county board chairperson appoints a designee, he or she shall give preference to the county treasurer or the county comptroller under s. 59.255 or another person with knowledge of local government finances.

AB329, s. 142 Section 142. 66.1105 (6) (c) of the statutes is amended to read:

AB329,67,9 66.1105 (6) (c) Except for tax increments allocated under par. (d), (dm), (e), (f), or (g) all tax increments received with respect to a tax incremental district shall, upon receipt by the city treasurer, be deposited into a special fund for that district. The city treasurer may deposit additional moneys into such fund pursuant to an appropriation by the common council. No moneys may be paid out of such fund except to pay project costs with respect to that district, to reimburse the city for such payments, to pay project costs of a district under par. (d), (dm), (e), (f), or (g) or to satisfy claims of holders of bonds or notes issued with respect to such district. Subject to par. (d), (dm), (e), (f), or (g), moneys paid out of the fund to pay project costs with respect to a district may be paid out before or after the district is terminated under sub. (7). Subject to any agreement with bondholders, moneys in the fund may be temporarily invested in the same manner as other city funds if any investment earnings are applied to reduce project costs. After all project costs and all bonds and notes with respect to the district have been paid or the payment thereof provided for, subject to any agreement with bondholders, if there remain in the fund any moneys that are not allocated under par. (d), (dm), (e), (f), or (g), they shall be paid over to the treasurer of each county, school district or other tax levying municipality, or to the county comptroller under s. 59.255, or to the general fund of the city in the amounts that belong to each respectively, having due regard for that portion of the moneys, if any, that represents tax increments not allocated to the city and that portion, if any, that represents voluntary deposits of the city into the fund.

AB329, s. 143 Section 143. 66.1106 (8) of the statutes is amended to read:

AB329,67,18 66.1106 (8) Settlement for environmental remediation tax increments. Every officer charged by law to collect and settle general property taxes shall, on the settlement dates provided by law, pay to the treasurer of a political subdivision or the county comptroller under s. 59.255 from all general property taxes collected by the officer the proportion of the environmental remediation tax increment due the political subdivision that the general property taxes collected bears to the total general property taxes levied, exclusive of levies for state trust fund loans, state taxes and state special charges.

AB329, s. 144 Section 144. 66.1106 (9) of the statutes is amended to read:

AB329,68,5 66.1106 (9) Separate accounting required. An environmental remediation tax increment received with respect to a parcel or contiguous parcels of land that is subject to this section shall be deposited in a separate fund by the treasurer of the political subdivision or the county comptroller under s. 59.255. No money may be paid out of the fund except to pay eligible costs for a parcel or contiguous parcels of land or to reimburse the political subdivision for such costs. If an environmental remediation tax increment that has been collected with respect to a parcel of land remains in the fund after the period of certification has expired, it shall be paid to the treasurers, or the county comptroller under s. 59.255, of the taxing jurisdictions in which the parcel is located in proportion to the relative share of those taxing jurisdictions in the most recent levy of general property taxes on the parcel.

AB329, s. 145 Section 145. 67.09 (1) of the statutes is amended to read:

AB329,68,11 67.09 (1) All municipal obligations may be payable to bearer or may be registered as to the principal or principal and interest by the clerk or treasurer of the municipality or the county comptroller under s. 59.255 issuing them or such other officers or agents, including fiscal agents under s. 67.10 (2), as the governing body of the municipality determines. Registrations shall be recorded.

AB329, s. 146 Section 146. 67.10 (9) (b) of the statutes is amended to read:

AB329,69,5 67.10 (9) (b) Any municipality, by resolution adopted by its legislative body, may use the following procedure in accounting for and canceling coupons and other municipal obligations. All coupons and other municipal obligations paid by a fiscal agent under sub. (2), at their maturities, shall be canceled and destroyed by the fiscal agent. The fiscal agent shall periodically deliver a certificate to such effect to the municipality. A municipality following this procedure which has a treasurer, county comptroller under s. 59.255, or other designated officer or agent who is also a paying agent for outstanding coupons or other municipal obligations or which has more than one fiscal agent may arrange for the delivery of canceled coupons and other municipal obligations to a designated fiscal agent for the purpose of having the coupons and other municipal obligations destroyed. The designated fiscal agent shall periodically furnish and deliver to the municipality a certificate evidencing the destruction of the coupons and other municipal obligations. Any municipality, prior to authorizing the fiscal agent to cancel and destroy coupons and other municipal obligations, shall enter into an agreement with the fiscal agent providing for such cancellation and destruction. The local governing body of any municipality operating under this paragraph may establish rules or procedures it finds appropriate to carry out this provision effectively.

AB329, s. 147 Section 147. 67.16 (2) (b) of the statutes is amended to read:

AB329,70,10 67.16 (2) (b) The issue of general obligation-local improvement bonds shall be in an amount not exceeding the aggregate unpaid special assessments levied for the public improvement that the issue is to finance. A single issue of the bonds may be used to finance one or more different local improvements for which special assessments are authorized to be made in the same year. Sections 67.035, 67.06, 67.07, 67.08 and 67.11, where not contrary to the provisions of this section, apply to the bonds. The bonds shall mature in the same number of installments as the underlying special assessments, but the date of maturity of each installment of the bonds shall be fixed in October, November or December. The first maturity of the bonds may be in the 2nd year following the date of levy of the first installment of the underlying special assessment. At the time that the bonds are authorized, the governing body of the local governmental unit shall levy a tax upon all the taxable property of the local governmental unit sufficient to provide for the payment of the principal and interest of the bonds at maturity. The tax levy is irrepealable. All collections of installments of the special assessments levied to pay for the public improvement, either before or after delinquency, shall be placed by the treasurer of the local governmental unit or the county comptroller under s. 59.255 in a special debt service fund, designated and identified for the issue of the bonds, and shall be used only for the payment of the bonds and interest of the issue. The annual installment of the irrepealable tax levied for the purpose of payment of the bonds and interest on the bonds shall be diminished by the amount on hand in the debt service fund on November 1 of each tax levy year after deducting any unpaid interest and principal due in that year, and the amount on hand in the fund shall be applied to the payment of the next succeeding installment of principal and interest named on the bonds. Any deficiency in the debt service fund for the payment of the bonds and interest at maturity shall be paid out of the general fund of the local governmental unit and the general fund shall be reimbursed from the collection of that part of the irrepealable tax that is actually levied. Any surplus in the debt service fund after all bonds and interest are fully paid shall be paid into the general fund.

AB329, s. 148 Section 148. 67.16 (2) (c) of the statutes is amended to read: