AB438,20,2120 229.68 (7) Mortgage Subject to s. 229.682 (10), mortgage, pledge, or otherwise
21encumber the district's property or funds.
AB438,35 22Section 35. 229.68 (8) (d) of the statutes is created to read:
AB438,20,2423 229.68 (8) (d) The bonds are issued before the effective date of this paragraph
24.... [LRB inserts date].
AB438,36 25Section 36. 229.68 (8m) of the statutes is created to read:
AB438,21,4
1229.68 (8m) Obtain loans under s. 16.09 (5) for purposes described under s.
2229.687 (2). Any moneys borrowed or accepted under this subsection shall be
3deposited into the baseball park facilities improvement segregated fund under s.
4229.687.
AB438,37 5Section 37. 229.68 (9) of the statutes is amended to read:
AB438,21,96 229.68 (9) Maintain funds and invest the funds in any investment that the
7district board considers appropriate. After the effective date of this subsection ....
8[LRB inserts date], to the extent feasible, a district shall contract with the
9investment board to invest funds held in trust under this subchapter.
AB438,38 10Section 38. 229.68 (11) of the statutes is repealed.
AB438,39 11Section 39. 229.68 (12) of the statutes is amended to read:
AB438,21,1412 229.68 (12) Set standards governing the use of, and the conduct within, its the
13baseball park facilities in order to promote public safety and convenience and to
14maintain order.
AB438,40 15Section 40. 229.68 (13) of the statutes is amended to read:
AB438,21,1816 229.68 (13) Establish and collect fees, and establish shared revenue
17arrangements or other charges for the use of its the baseball park facilities or for
18services rendered by the district.
AB438,41 19Section 41. 229.68 (15) of the statutes is repealed.
AB438,42 20Section 42. 229.68 (16) (intro.) of the statutes is amended to read:
AB438,21,2221 229.68 (16) (intro.) Accept Subject to s. 229.682 (10) accept gifts, loans, grants,
22and other aid, which may be used only for the following purposes:
AB438,43 23Section 43. 229.68 (16) (a) of the statutes is amended to read:
AB438,21,2524 229.68 (16) (a) Retiring the bonds or other debt used to develop, construct the,
25improve, repair, or maintain
baseball park facilities.
AB438,44
1Section 44. 229.6802 of the statutes is created to read:
AB438,22,4 2229.6802 Lease and nonrelocation agreements required. The grant
3under s. 16.09 (3) may not be awarded unless the secretary of administration
4determines that all of the following apply:
AB438,22,6 5(1) Lease. The district has entered into a customary lease arrangement with
6a professional baseball team that satisfies all of the following:
AB438,22,77 (a) Has a standard term that expires no earlier than December 31, 2050.
AB438,22,108 (b) Requires the professional baseball team to make at least 27 annual deposits
9in the amount of $300,000 into the baseball park facilities improvement segregated
10fund under s. 229.687 beginning in 2024.
AB438,22,1411 (c) In addition to the deposits under par. (b), requires the professional baseball
12team to make at least 27 annual deposits in the amount of $1,851,852 into the
13baseball park facilities improvement segregated fund under s. 229.687 beginning in
142024.
AB438,22,1715 (d) In addition to the deposits under pars. (b) and (c), requires the professional
16baseball team to make at least 27 annual payments in the amount of $1,208,401 to
17the district beginning in 2024.
AB438,22,2418 (e) In addition to the deposits and payments under pars. (b), (c), and (d),
19requires the professional baseball team, or a 3rd party on the professional baseball
20team's behalf, to make financial contributions in connection with the development,
21construction, improvement, repair, and maintenance of the baseball park facilities
22during the term of the lease in an amount that totals $50,000,000, of which
23$25,000,000 must be so contributed before January 1, 2037, and requires the team
24to regularly report to the district all expenditures under this paragraph.
AB438,23,9
1(f) Requires the professional baseball team, upon expiration of the lease or
2termination of the lease as a result of breach by the professional baseball team, to
3disclaim any interest in moneys of the baseball park facilities improvement
4segregated fund under s. 229.687 and, upon request of the district, convey and
5transfer to the district for consideration not to exceed $1 all of the professional
6baseball team's right and title to the baseball park facilities, except for ancillary
7improvements constructed or developed by the professional baseball team after the
8effective date of this paragraph .... [LRB inserts date], without financial contribution
9from the state or the district.
AB438,23,15 10(2) Nonrelocation agreement. The district has entered into a nonrelocation
11agreement with the professional baseball team that, except as required by the league
12of professional baseball teams of which the team is a member, requires the
13professional baseball team to play all of its home games at the baseball park facilities
14and prohibits the professional baseball team from relocating until expiration or
15termination of the lease according to its terms.
AB438,23,19 16(3) Third-party negotiator. The district has contracted with a 3rd party
17approved by a two-thirds vote of all current members appointed to the board and
18eligible to vote on the matter to represent the district in connection with negotiation
19of the lease and nonrelocation agreements under this section.
AB438,45 20Section 45. 229.6805 of the statutes is created to read:
AB438,24,3 21229.6805 Facility management. During the term of any lease between the
22district and a professional baseball team with respect to baseball park facilities, the
23district shall, at the district's expense, contract with a facility management company
24or employ an executive director with expertise in managing and operating
25professional sports facilities and venues similar to the baseball park facilities. The

1contract shall require the facility management company or executive director to have
2primary responsibility to manage and supervise the development, construction,
3improvement, repair, and maintenance of the baseball park facilities.
AB438,46 4Section 46. 229.682 (1) of the statutes is amended to read:
AB438,24,85 229.682 (1) Gifts and donations. The district board shall explore and consider
6ways to solicit and encourage gifts and donations for the development, construction,
7improvement, repair, and maintenance
of baseball park facilities and, to the extent
8feasible, implement means to solicit such gifts and donations.
AB438,47 9Section 47. 229.682 (3) of the statutes is repealed.
AB438,48 10Section 48. 229.682 (4) of the statutes is amended to read:
AB438,24,1711 229.682 (4) Special ticket provisions. A major league professional baseball
12team that uses as its home field baseball park facilities that are developed,
13constructed, improved, repaired, or maintained under this subchapter shall
14annually designate, for each county that is in the district's jurisdiction, at least one
15of the team's home games in each of April, May, June, July, August, and September
16as a discount ticket day for that county, for which residents of that county the state
17may purchase discounted admission tickets.
AB438,49 18Section 49. 229.682 (7) of the statutes is amended to read:
AB438,24,2519 229.682 (7) Youth sports organizations. A major league professional baseball
20team that uses as its home field baseball park facilities that are developed,
21constructed, improved, repaired, or maintained under this subchapter shall make an
22annual contribution of at least $20,000 $40,000 to youth sports organizations in this
23state for the purchase of equipment or the rental or maintenance of athletic facilities
24that are used by such organizations. The contributions that are required under this
25subsection may be made in cash or equipment.
AB438,50
1Section 50. 229.682 (9) of the statutes is created to read:
AB438,25,62 229.682 (9) Capital spending limitations. After 2045, the district may not
3initiate any capital project that has an expected life span that exceeds the remaining
4term of the lease arrangement with a professional baseball team with respect to the
5district's baseball park facilities. This subsection does not restrict any of the
6following capital spending:
AB438,25,97 (a) An amount that does not exceed the amount of the professional baseball
8team's deposits under s. 229.6802 (1) (b) and (c) after 2045 into the baseball park
9facilities improvement segregated fund under s. 229.687.
AB438,25,1410 (b) For purposes related to maintaining the safety of the baseball park facilities
11or the improvement, repair, maintenance, or replacement of the components and
12systems necessary to operate the baseball park facilities or to comply with applicable
13law, insurance requirements, or standards imposed by the professional baseball
14league of which the professional baseball team is a member.
AB438,51 15Section 51. 229.682 (10) of the statutes is created to read:
AB438,25,1816 229.682 (10) Borrowing limitations. After the effective date of this subsection
17..... [LRB inserts date], the district may not borrow moneys except as provided under
18s. 229.68 (8m).
AB438,52 19Section 52. 229.682 (11) of the statutes is created to read:
AB438,25,2120 229.682 (11) Bonding limitations. Except as provided in s. 229.68 (8), the
21district may not issue bonds.
AB438,53 22Section 53. 229.685 (1) of the statutes is amended to read:
AB438,26,223 229.685 (1) The district board shall maintain a special fund into which it
24deposits only the revenue received from the department of revenue, that is derived

1from the taxes imposed under subch. V of ch. 77, 2021 stats., and may use this
2revenue only for purposes related to baseball park facilities.
AB438,54 3Section 54. 229.685 (3) of the statutes is created to read:
AB438,26,64 229.685 (3) Annually, the district board shall transfer from a fund funded
5under sub. (2) to the baseball park facilities improvement segregated fund under s.
6229.687 not less than all of the following amounts:
AB438,26,77 (a) Through 2039, $2,200,000.
AB438,26,88 (b) The amount deposited under s. 20.395 (5) (ij).
AB438,55 9Section 55. 229.687 of the statutes is created to read:
AB438,26,12 10229.687 Baseball park facilities improvement segregated fund. (1) The
11district shall establish and maintain a baseball park facilities improvement
12segregated fund. The fund shall consist of all of the following:
AB438,26,1313 (a) Moneys borrowed or accepted and deposited under s. 229.68 (8m).
AB438,26,1414 (b) Moneys transferred from other district funds under s. 229.685 (3).
AB438,26,1615 (c) Moneys deposited by a county or 1st class city under 229.695 and payments
16made by the department of administration under s. 79.037 (4).
AB438,26,1717 (d) Moneys received from the department of administration under s. 16.09.
AB438,26,1918 (e) Payments required to be deposited by a professional baseball team under
19a lease agreement, as specified in s. 229.6802 (1) (b) and (c).
AB438,26,2020 (f) All income or interest earned by the investment of moneys of the fund.
AB438,26,22 21(2) (a) Subject to par. (b), the district may use moneys deposited into the fund
22under sub. (1) only for the following purposes:
AB438,26,2423 1. The development, construction, improvement, repair, and maintenance of
24baseball park facilities.
AB438,27,2
12. The district's performance of obligations under any lease with a professional
2baseball team with respect to baseball park facilities.
AB438,27,33 3. Repayment of loans or moneys accepted under s. 229.68 (8m).
AB438,27,44 4. The district's retention of a 3rd-party negotiator under s. 229.6802 (3).
AB438,27,95 5. After 2030, payment of annual insurance premiums with respect to the
6ballpark facilities upon the affirmative vote of the district board and solely to the
7extent that the district board determines that funds held by the district in accounts,
8other than the baseball park facilities improvement segregated fund under this
9section, are insufficient to pay the premium in full.
AB438,27,1310 (b) The district may not use moneys deposited into the fund under sub. (1) for
11the development, construction, improvement, repair, or maintenance of any physical
12structure that was not owned, in whole or in part, operated, or leased by the district
13on the effective date of this paragraph .... [LRB inserts date].
AB438,27,18 14(3) If, for any reason, the professional baseball team notifies the district that
15the team intends to terminate the lease agreement or the lease is otherwise
16terminated, no moneys deposited into the fund under sub. (1) may be expended with
17respect to the baseball park facilities after the date the district receives that notice,
18except any of the following:
AB438,27,1919 (a) Moneys encumbered before receipt of the notice of termination.
AB438,27,2420 (b) Moneys expended to maintain the safety of the baseball park facilities or
21for the improvement, repair, maintenance, or replacement of the components and
22systems necessary to operate the baseball park facilities or comply with applicable
23law, insurance requirements, or standards imposed by the professional baseball
24league of which the professional baseball team is a member.
AB438,28,2
1(c) Moneys expended to make interest payments and principal repayments of
2loans accepted under s. 229.68 (8m).
AB438,28,63 (d) An amount of moneys that does not exceed the amount of the professional
4baseball team's deposits into the baseball park facilities improvement segregated
5fund under s. 229.6802 (1) (b) and (c) between the date of any notice of lease
6termination and the effective date of the termination.
AB438,56 7Section 56. 229.69 (4) of the statutes is amended to read:
AB438,28,98 229.69 (4) Grant to the state land or other property, especially dedicated by the
9grant to use for a professional baseball park facilities.
AB438,57 10Section 57. 229.695 of the statutes is created to read:
AB438,28,17 11229.695 Obligations of certain political subdivisions. Beginning in 2024,
12annually, no later than July 1, a county within a district's jurisdiction shall deposit
13$5,000,000 into the baseball park facilities improvement segregated fund under s.
14229.687 and each 1st class city within a district's jurisdiction shall deposit
15$2,500,000 into the baseball park facilities improvement segregated fund under s.
16229.687. This section does not apply after December 31, 2050, or after the aggregate
17amount of deposits under this section equals $202,500,000, whichever is earlier.
AB438,58 18Section 58. 229.71 of the statutes is amended to read:
AB438,29,2 19229.71 Dissolution of a district. Subject Upon or after the expiration or
20termination of all lease arrangements between the district and a professional
21baseball team with respect to the baseball park facilities, and subject
to providing
22for the payment of its bonds, including interest on the bonds, and the performance
23of its other contractual obligations, a district may be dissolved by the action of the
24district board. If the district is dissolved under this section or by action of the
25legislature
, the property of the district shall be transferred to the counties in the

1jurisdiction, based on the tax revenues derived from each county, as determined by
2the secretary of administration
state.
AB438,59 3Section 59. 229.75 (3) of the statutes is amended to read:
AB438,29,114 229.75 (3) Bonds issued by the district shall be secured only by the district's
5interest in any baseball park facilities, including any interest in a lease with the
6department of administration under s. 16.82 (7); by income from these facilities; by
7proceeds of bonds issued by the district and other amounts placed in a special
8redemption fund and investment earnings on such these amounts; and by the taxes
9imposed by the district under subch. V of ch. 77, 2021 stats. The district may not
10pledge its full faith and credit on the bonds and the bonds are not a liability of the
11district.
AB438,60 12Section 60. 229.76 of the statutes is amended to read:
AB438,29,22 13229.76 State pledge. The state pledges to and agrees with the bondholders,
14and persons that enter into contracts with a district under this subchapter, that the
15state will not limit or alter the rights and powers vested in a district by this
16subchapter, including the rights and powers under s. 229.68 (15) power to obtain a
17loan from the department of administration upon the request of the district under
18s. 16.09 (5)
, before the district has fully met and discharged the bonds, and any
19interest due on the bonds, and has fully performed its contracts, including any lease
20agreement with a professional baseball team with respect to baseball park facilities,

21unless adequate provision is made by law for the protection of the bondholders or
22those entering into contracts with a district.
AB438,61 23Section 61. 229.80 of the statutes is created to read:
AB438,30,2 24229.80 Reporting. The district shall provide on an ongoing basis to the
25department of administration, the legislative fiscal bureau, and the legislative audit

1bureau project reports relating to all baseball park facilities and all financial reports
2of the district.
AB438,62 3Section 62. 341.14 (6r) (b) 13. b. of the statutes is amended to read:
AB438,30,134 341.14 (6r) (b) 13. b. Until the date on which the local professional baseball
5park district board makes a certification to the department under s. 229.685 (2), the
6remainder after crediting the appropriation account as provided in subd. 13. a. shall
7be credited to the appropriation account under s. 20.835 (4) (gb). After the date on
8which the local professional baseball park district board makes a certification to the
9department under s. 229.685 (2), the
The remainder after crediting the
10appropriation account as provided in subd. 13. a. shall be credited to the
11appropriation account under s. 20.395 (5) (ij). The department of transportation shall
12identify and record the percentage of moneys that are attributable to each
13professional baseball team represented by a plate under par. (f) 60.
AB438,63 14Section 63. Nonstatutory provisions.
AB438,30,1515 (1) Professional baseball park district board transition.
AB438,30,1816 (a) Notwithstanding s. 229.66, the terms of all existing members of a district
17board of a professional baseball park district created under subch. III of ch. 229
18expire on the effective date of this paragraph.
AB438,30,2219 (b) Not later than 30 days after the effective date of this paragraph, each
20appointing authority under s. 229.66 (2) shall appoint the specified members of the
21district board of a professional baseball park district created under subch. III of ch.
22229.
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