229.825(2)(ae)
(ae) If a county located within a district's jurisdiction uses the proceeds from a loan obtained by the county from the board of commissioners of public lands under s.
24.61 (3) (a) 2. for purposes related to the acquisition, renovation or construction of football stadium facilities and if the county and district enter into an agreement under s.
229.827 (3), the district shall pay the county in each year an amount equal to the principal and interest costs incurred by the county for the loan in that year.
229.825(2)(am)
(am) Beginning in the year that occurs immediately after the year in which the tax is first imposed under s.
77.706, an amount equal to not more than $750,000 may be used to pay the district board's administration expenses. In the succeeding year, an amount equal to not more than $500,000 may be used to pay the district board's administration expenses. In the 2nd succeeding year, and each year thereafter, an amount equal to not more than $100,000 may be used to pay the district board's administration expenses. The amount authorized to be expended under this paragraph may be expended annually until the earlier of the following:
229.825(2)(am)1.
1. January 1 of the 30th year beginning after the initial year in which the revenues are first used to pay the district board's administration expenses.
229.825(2)(am)2.
2. The year in which the district board determines that the balance of moneys in the reserve created under par.
(d) 2. or
(e) 2., whichever is applicable, plus all projected earnings on the moneys, are sufficient to pay the district board's administration expenses through the time specified under subd.
1. 229.825(2)(b)1.1. Beginning in the 3rd year that occurs immediately after the year in which the tax is first imposed under s.
77.706, an amount equal to $3,400,000 less the sum of the amounts specified in s.
229.8257 (2) (a) to
(d) shall be used to pay the maintenance and operating costs of the football stadium facilities. The payments shall be made annually until the earlier of the following:
229.825(2)(b)1.a.
a. January 1 of the 28th year beginning after the initial year in which the revenues are first used to pay the maintenance and operating costs of the football stadium facilities.
229.825(2)(b)1.b.
b. The year in which the district board determines that the balance of moneys in the fund established under s.
229.8257, plus all projected earnings on the moneys, are sufficient to pay the maintenance and operating costs of the football stadium facilities in the amounts specified in subd.
1. (intro.), as affected by any adjustment under subd.
2., through the time specified under subd.
1. a. 229.825(2)(b)2.
2. The portion of the $3,400,000 amount under subd.
1. that is used to pay any compensation for any employees of a municipality that provides maintenance or operating services for the football stadium facilities may be increased each year thereafter by not more than 3 percent. All other portions of this amount may be increased each year thereafter by not more than 2 percent.
229.825(2)(d)
(d) If the 2nd question under s.
229.824 (15) is approved by the electors, the district shall pay the remainder to the county that is in the district's jurisdiction for the purpose of directly reducing the county's property tax levy or, if the county board otherwise requires, the district shall use any portion of the remainder for the following purposes:
229.825(2)(d)1.
1. To retire bonds issued for purposes related to football stadium facilities, and any bonds issued to fund or refund those bonds, prior to their maturity.
229.825(2)(d)2.
2. To fully fund the fund established under s.
229.8257 to pay the maintenance and operating costs of the football stadium facilities specified under par.
(b) 1. b. and to establish a reserve to pay the district board's administration expenses specified in par.
(am), but only after all bonds issued for purposes related to football stadium facilities and all bonds issued to fund or refund those bonds are retired or have been paid in accordance with the defeasance provisions of the bond resolution authorizing the issuance of the bonds and after the district is no longer required to make the payments to a county under par.
(ae).
229.825(2)(e)
(e) If the 2nd question under s.
229.824 (15) is not approved by the electors, the district shall use the remainder for the following purposes:
229.825(2)(e)1.
1. To retire bonds issued for purposes related to football stadium facilities, and any bonds issued to fund or refund those bonds, prior to their maturity.
229.825(2)(e)2.
2. To fully fund the fund established under s.
229.8257 to pay the maintenance and operating costs of the football stadium facilities specified under par.
(b) 1. b. and to establish a reserve to pay the district board's administration expenses specified in par.
(am), but only after all bonds issued for purposes related to football stadium facilities and all bonds issued to fund or refund those bonds are retired or have been paid in accordance with the defeasance provisions of the bond resolution authorizing the issuance of the bonds and after the district is no longer required to make the payments to a county under par.
(ae).
229.825(3)
(3) Subject to sub.
(4), the district board shall do all of the following:
229.825(3)(a)
(a) As soon as practicable after all bonds issued for purposes related to football stadium facilities and all bonds issued to fund or refund those bonds are retired or have been paid in accordance with the defeasance provisions of the bond resolution authorizing the issuance of the bonds, the district board shall make a certification to the department of revenue to that effect.
229.825(3)(b)
(b) As soon as practicable after fully funding the reserves established under sub.
(2) (d) 2. or
(e) 2., whichever is applicable, and the fund established under s.
229.8257, the district board shall make a certification to the department of revenue to that effect.
229.825(4)
(4) If the county board determines that the bonds described in sub.
(3) (a) have been retired or paid as described in sub.
(3) (a) and if the district board has not made the certification to the department of revenue as described in sub.
(3) (a), the county board may require the district board to make that certification to the department of revenue and the district board shall immediately do so.
229.825 History
History: 1999 a. 167.
229.8257
229.8257
Football stadium facility maintenance and operating cost fund. 229.8257(1)(1)
The district board shall establish a fund into which it deposits all of the revenue received from the department of revenue, that is derived from football donations, as defined in s.
71.10 (5e) (a) 2., the revenue from engraved brick or tile sales under s.
229.824 (19), the revenue received from the department of transportation under s.
85.605, the deposit made pursuant to s.
229.8245 (2) (e) and an amount equal to the amount deposited into the fund under s.
229.825 (2) (d) 2. and
(e) 2., and may use this revenue only to pay the maintenance and operating costs of the football stadium facilities. The district may not deposit any other moneys into the fund, except that the district shall credit all earnings on the revenues in the fund to the fund.
229.8257(2)
(2) Beginning in the 3rd year that occurs immediately after the year in which the tax is first imposed under s.
77.706, the following amounts in the following order, plus the amount specified in s.
229.825 (2) (b), shall be used to pay the maintenance and operating costs of the football stadium facilities:
229.8257(2)(b)
(b) The revenue received from the department of revenue, that is derived from football donations, as defined in s.
71.10 (5e) (a) 2., in that year.
229.8257(2)(d)
(d) The revenue received from the department of transportation under s.
85.605 in that year.
229.8257 History
History: 1999 a. 167.
229.826
229.826
Powers granted to a municipality or county. In addition to any powers that it may otherwise have, a county or municipality located wholly or partly within a district's jurisdiction may do any of the following:
229.826(1)
(1) Make grants or loans to a district upon terms that the county or municipality considers appropriate.
229.826(2)
(2) Expend public funds to subsidize a district.
229.826(3)
(3) Borrow money under ss.
67.04 and
67.12 (12) for football stadium facilities or to fund grants, loans or subsidies to a district.
229.826(4)
(4) Lease or transfer property to a district upon terms that the county or municipality considers appropriate.
229.826(5)
(5) With the consent of a district, establish and collect fees or other charges applicable only to a football stadium for the right to purchase admission to events at the stadium, if the proceeds from any amount that is collected under this subsection are used for purposes related to football stadium facilities.
229.826 History
History: 1999 a. 167.
229.827(1)(1)
Unless a district board determines that it is not feasible to do so, the district shall enter into a contract with a professional football team, as described in s.
229.823, or a related party, that requires the team or related party to acquire, construct or renovate football stadium facilities that are part of any facilities that are leased by the district to the team or to a related party, without regard to whether the football stadium facilities are financed by the district.
229.827(2)
(2) Unless otherwise provided in an agreement with a professional football team, as described in s.
229.823, the district shall be responsible only for the maintenance and operating costs of the football stadium facilities up to an amount that is in the fund established under s.
229.8257 plus the amounts applied under s.
229.825 (2) (b).
229.827(3)
(3) A district and the county located within a district's jurisdiction may enter into an agreement in which the county agrees to use the proceeds from a loan obtained by the county from the board of commissioners of public lands under s.
24.61 (3) (a) 2. for purposes related to the acquisition, renovation or construction of football stadium facilities and the district agrees to pay the county the amount required to be paid under s.
229.825 (2) (ae). Before entering into an agreement under this subsection, the district board shall consider the relative costs to taxpayers in the county of using the proceeds from the loans obtained by the county from the board of commissioners of public lands or having the district issue bonds for the purpose of acquiring, renovating or constructing the football stadium facilities.
229.827 History
History: 1999 a. 167.
229.8273
229.8273
Minority, disabled veteran, and women contracting. 229.8273(1)(a)
(a) “Contractor" means a professional football team, as described under s.
229.823, or a related party, or any other person who enters into a contract for construction or renovation work or professional services contracts, as described in sub.
(2).
229.8273(1)(am)
(am) “Disabled veteran-owned business" means a business certified by the department of administration under s.
16.283 (3).
229.8273(1)(d)
(d) “Women's business" means a sole proprietorship, partnership, joint venture or corporation that is at least 51 percent owned, controlled and actively managed by women.
229.8273(2)
(2) A district shall ensure that, for construction or renovation work and professional services contracts that relate to the construction or renovation of football stadium facilities that are financed by the proceeds of bonds issued under s.
229.824 (8), a person who is awarded such a contract by the district or by a contractor shall agree, as a condition to receiving the contract, that his or her goal shall be to ensure that at least 15 percent of the employees hired because of the contract will be minority group members, at least 1 percent of the employees hired because of the contract will be employees of a disabled veteran-owned business, and at least 5 percent of the employees hired because of the contract will be women.
229.8273(3)
(3) It shall be a goal of the district to ensure that at least 15 percent of the aggregate dollar value of contracts that relate to the construction or renovation of football stadium facilities that are financed by the proceeds of bonds issued under s.
229.824 (8), shall be awarded to minority businesses, at least 1 percent of the aggregate dollar value of contracts awarded by the board shall be awarded to disabled veteran-owned businesses, and at least 5 percent of the aggregate dollar value of contracts awarded by the board shall be awarded to women's businesses.
229.8273(4)(a)(a) The district shall ensure that, for construction or renovation work and professional services contracts described under sub.
(2), a person who is awarded such a contract by the district or by a contractor shall agree, as a condition to receiving the contract, that if he or she is unable to meet the goal under sub.
(2), he or she shall make a good faith effort to contract with the technical college district board of the technical college district in which the football stadium facilities are to be constructed or renovated, or the professional services contract is to be performed, to develop appropriate training programs designed to increase the pool of minority group members, disabled veterans, and women who are qualified to perform the construction work or professional services.
229.8273(4)(b)
(b) If the district is unable to meet the goals under sub.
(3), the district shall make a good faith effort to contract with the technical college district board of the technical college district in which the contracts described under sub.
(3) are to be performed to develop appropriate training programs designed to increase the pool of minority group members, disabled veterans, and women who are qualified to perform the contracts described under sub.
(3).
229.8273(5)(a)(a) The district shall hire an independent person to monitor and a project coordinator to satisfy the district's and the contractor's compliance with minority contracting goals under subs.
(2) and
(3). The person hired shall have previous experience working with minority group members. The district shall develop a mechanism to receive regular reports from the person hired with respect to the results of the person's studies of compliance with minority contracting goals.
229.8273(5)(b)
(b) If the district or a contractor is unable to meet the goals under sub.
(2) or
(3), the person hired under par.
(a) shall assess whether the district or contractor made a good faith effort to reach the goals. In determining whether a good faith effort was made to meet the goals, the person hired shall consider all of the following factors:
229.8273(5)(b)1.
1. The supply of eligible minority businesses, disabled veteran-owned businesses, and women's businesses that have the financial capacity, technical capacity and previous experience in the areas in which contracts were awarded.
229.8273(5)(b)2.
2. The competing demands for the services provided by eligible minority businesses, disabled veteran-owned businesses, and women's businesses, as described in subd.
1., in areas in which contracts were awarded.
229.8273(5)(b)3.
3. The extent to which the district or contractors advertised for and aggressively solicited bids from eligible minority businesses, disabled veteran-owned businesses, and women's businesses, as described in subd.
1., and the extent to which eligible minority businesses, disabled veteran-owned businesses, and women's businesses submitted bids.
229.8273(7)
(7) The goals under subs.
(2) and
(3) shall apply to all of the following:
229.8273(7)(a)
(a) Any insurance-funded repair work on football stadium facilities.
229.8273(7)(b)
(b) Any post-construction contract related to football stadium facilities for management of the facilities, for professional services and for development services, except that this paragraph does not apply to a post-construction contract for general maintenance of football stadium facilities that is provided by a political subdivision.
229.8273(7)(c)
(c) Any contractor, subcontractor or any other person who is awarded or enters into a contract that relates to the construction or renovation of football stadium facilities that are financed by the proceeds of bonds issued under s.
229.824 (8), or any subcontractor of such a person.
229.828
229.828
Dissolution of a district. Subject to providing for the payment of its bonds, including interest on the bonds, and the performance of its other contractual obligations, a district may be dissolved by the action of the district board. If a district board adopts a resolution that imposes taxes and the resolution is not approved by the electors, as described in s.
229.824 (15), the district is dissolved. If the district is dissolved, the property of the district shall be transferred to the political subdivisions that compose the district's jurisdiction in such proportions as the secretary of administration determines fairly and reasonably represent the contributions of each political subdivision to the development or improvement of the football stadium facilities.
229.828 History
History: 1999 a. 167.
229.829
229.829
Issuance and negotiability of bonds. 229.829(1)(1)
Negotiability. All bonds are negotiable for all purposes, notwithstanding their payment from a limited source.
229.829(2)
(2)
Employment of financial consultant. A district may retain the building commission or any other person as its financial consultant to assist with and coordinate the issuance of bonds.
229.829(3)
(3)
No personal liability. Neither the members of the district board nor any person executing the bonds is liable personally on the bonds or subject to any personal liability or accountability by reason of the issuance of the bonds, unless the personal liability or accountability is the result of willful misconduct.
229.829(4)(a)(a) Except as provided in par.
(c), the principal amount of bonds, other than refunding bonds, that are issued by a district may not exceed $160,000,000. The limitation under this subsection does not include the principal amount of any bonds that are to be used for any of the following purposes:
229.829(4)(b)
(b) Between the time of the first issuance of bonds and the end of the 3rd year that occurs immediately after the year in which the tax is first imposed under s.
77.706, there shall be set aside in a construction reserve fund the amount of $10,000,000 from funds raised pursuant to s.
229.826 (5). The investment earnings on the construction reserve fund shall be used to pay costs of constructing football stadium facilities. The corpus of the construction reserve fund shall be applied to the final costs of completing the football stadium facilities financed with bonds if and to the extent that the legislative audit bureau upon request of the district, or the district board upon the affirmative vote of at least 5 of its members, determines that such costs were necessary to complete the football stadium facilities as contemplated in the original agreement between the district and the football team or a related party under s.
229.827. Any balance in the construction reserve fund remaining following final completion and payment for the football stadium facilities shall be applied to the early retirement of bonds.
229.829(4)(c)
(c) The principal amount of bonds, other than refunding bonds, that may be issued by a district under pars.
(a) and
(b) shall be reduced by the amount of any proceeds from a loan obtained by a county located within a district's jurisdiction from the board of commissioners of public lands under s.
24.61 (3) (a) 2. that are used for purposes related to the acquisition, renovation or construction of football stadium facilities pursuant to an agreement under s.
229.827 (3).
229.829(5)
(5)
Date of issuance. All bonds, other than refunding bonds, that are issued by a district shall be issued no later than December 31, 2004.
229.829 History
History: 1999 a. 167.
229.830
229.830
Special debt service reserve funds for moral obligation pledge. 229.830(1)(1)
Designation of special debt service reserve funds. A district may designate one or more accounts in funds created under s.
66.0621 (4) (e) as special debt service reserve funds, if, prior to each issuance of bonds to be secured by each special debt service reserve fund, the secretary of administration determines that all of the following conditions are met with respect to the bonds:
229.830(1)(a)
(a)
Purpose. The proceeds of the bonds, other than refunding bonds, will be used for purposes related to football stadium facilities.
229.830(1)(b)
(b)
Feasibility. The proceeds of bonds, other than refunding bonds, will be used for feasible projects and there is a reasonable likelihood that the bonds will be repaid without the necessity of drawing on funds in the special debt service reserve fund that secures the bonds. The secretary of administration may make the determinations required under this paragraph only after considering all of the following:
229.830(1)(b)1.
1. Whether a pledge of the tax revenues of the district is made under the bond resolution.
229.830(1)(b)2.
2. How the tax revenues of the district are pledged to the payment of the bonds.
229.830(1)(b)3.
3. Revenue projections for the project to be financed by the bonds, including tax revenues, and the reasonableness of the assumptions on which these revenue projections are based.
229.830(1)(b)4.
4. The proposed interest rates of the bonds and the resulting cash-flow requirements.
229.830(1)(b)5.
5. The projected ratio of annual tax revenues to annual debt service of the district, taking into account capitalized interest.
229.830(1)(b)6.
6. Whether an understanding exists providing for repayment by the district to the state of all amounts appropriated to the special debt service reserve fund pursuant to sub.
(7).
