238.345238.345 Duration, renewal and expiration. 238.345(1)(a)(a) The designation of an area as a development zone shall be effective for 240 months, beginning on the day the corporation notifies the local governing body under s. 238.325 (3) of the designation. 238.345(1)(b)(b) The local governing body may apply to the corporation for one 60-month extension of the designation. The corporation shall adopt rules establishing criteria for approving an extension of a designation of an area as a development zone under this subsection. No applications may be accepted by the corporation under this paragraph on or after March 6, 2009. 238.345(1)(c)(c) Paragraphs (a) and (b) apply to designations of areas as development zones that are in effect on June 2, 2000, or that are made on or after June 2, 2000. 238.345(2)(a)(a) When the corporation designates a development zone under s. 238.31, it shall establish a limit for tax benefits for the development zone determined by allocating to the development zone a portion of $38,155,000. 238.345(2)(am)(am) Notwithstanding par. (a), the corporation may increase the established limit for tax benefits for a development zone. The corporation may not increase the limit for tax benefits established for any development zone designated under s. 238.31 on or after March 6, 2009. 238.345(2)(b)(b) Annually the corporation shall estimate the amount of forgone state revenue because of tax benefits claimed by persons in each development zone. 238.345(2)(c)(c) Notwithstanding sub. (1), the designation of an area as a development zone shall expire on the earlier of the following: 238.345(2)(c)1.1. Ninety days after the day on which the corporation determines that the forgone tax revenues under par. (b) will equal or exceed the limit for the development zone established under par. (a) or (am). 238.345(2)(c)2.2. The day that the corporation withdraws its designation of an area as a development zone under sub. (3). 238.345(2)(d)(d) The corporation shall immediately notify the local governing body of a change in the expiration date of the development zone under par. (c). 238.345(3)(3) The corporation may withdraw the designation of an area as a development zone if any of the following applies: 238.345(3)(a)(a) No person is certified as eligible to receive tax benefits under s. 238.365 (3) during the 12-month period beginning on the day the area is designated as a development zone and the corporation determines that the local governing body that nominated the zone is not in compliance with s. 238.363. 238.345(3)(b)(b) No person is certified as eligible to receive tax benefits under s. 238.365 (3) during the 24-month period beginning on the day the area is designated a development zone. 238.35238.35 Additional duties of the corporation. The corporation shall do all of the following: 238.35(1)(1) Monitor and evaluate the implementation of the development zone program. 238.35(2)(2) Apply to the federal government for assistance for the development zone program. 238.35(4)(4) Help eligible persons apply for and obtain tax benefits. 238.35(5)(5) Help local governing bodies prepare applications for development zones. 238.35(6)(6) Notify University of Wisconsin small business development centers, the Wisconsin housing and development centers, the central administration of all University of Wisconsin campuses and regional planning commissions about the development zone program and encourage those entities to provide advice to the corporation or local governing bodies on ways to improve the development zone program. 238.35(10)(10) Enter into an agreement with the local governing body of a 1st class city where a development zone is designated under s. 238.31 (3) (c) 1. to provide efficient administration of the development zone program within the development zone. 238.363238.363 Duties of local governing bodies. 238.363(1)(1) If an area nominated by a local governing body is designated as a development zone under s. 238.31, the local governing body shall do all of the following: