2017 WISCONSIN ACT 249
An Act to amend 25.40 (1) (a) 26., 229.685 (2) and 341.14 (6r) (b) 13. b.; and to create 20.395 (5) (ij) of the statutes; relating to: proceeds from special registration plates associated with professional baseball park districts and making an appropriation.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
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Section
1. 20.395 (5) (ij) of the statutes is created to read:
20.395 (5) (ij) Baseball plate deposits to district maintenance and capital improvements fund. From the general fund, all moneys received under s. 341.14 (6r) (b) 13. b., for distribution to professional baseball park districts created under subch. III of ch. 229, for deposit into the fund for maintenance costs and capital improvements established under s. 229.685 (2).
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Section 1m. 25.40 (1) (a) 26. of the statutes is amended to read:
25.40 (1) (a) 26. Moneys received under s. 341.14 (6r) (b) 13. that are deposited into the general fund and credited to the appropriation accounts under ss. 20.395 (5) (ej) and (ij) and 20.835 (4) (gb).
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2. 229.685 (2) of the statutes is amended to read:
229.685 (2) If the district board determines that the revenues in the special fund under this section exceed current operating expenses for the operation of baseball park facilities, the district board shall apply the excess to either fund a fund for maintenance costs and capital improvements or to retire bonds issued for the initial construction of baseball park facilities, and any bonds issued to fund or refund those bonds, prior to their maturity. As soon as practicable after the retirement of all bonds issued for the initial construction of baseball park facilities and all bonds issued to fund or refund those bonds and after funding a fund for maintenance costs and capital improvements sufficiently to meet any maintenance or capital improvement obligations between the district and any professional baseball team using baseball park facilities constructed under this subchapter as a home stadium, the district board shall make a certification to the department of revenue and the department of transportation to that effect.
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3. 341.14 (6r) (b) 13. b. of the statutes is amended to read:
341.14 (6r) (b) 13. b. The
Until the date on which the local professional baseball park district board makes a certification to the department under s. 229.685 (2), the remainder after crediting the appropriation account as provided in subd. 13. a. shall be credited to the appropriation account under s. 20.835 (4) (gb). After the date on which the local professional baseball park district board makes a certification to the department under s. 229.685 (2), the remainder after crediting the appropriation account as provided in subd. 13. a. shall be credited to the appropriation account under s. 20.395 (5) (ij). The department of transportation shall identify and record the percentage of moneys that are attributable to each professional baseball team represented by a plate under par. (f) 60.
