reglab/statecodes huggingface dataset:
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.52 - Bonds not public debt.

229.52
Bonds not public debt.
(1)
The state and a sponsoring municipality are not liable on bonds and the bonds are not a debt of the state or a sponsoring municipality. All bonds shall contain a statement to this effect on the face of the bond. A bond issue does not, directly or indirectly or contingently, obligate the state or a political subdivision of the state to levy any tax or make any appropriation for payment of the bonds.
(2)
Nothing in this subchapter authorizes a district to create a debt of the state or a sponsoring municipality, and all bonds issued by a district are payable, and shall state that they are payable, solely from the funds pledged for their payment in accordance with the bond resolution authorizing their issuance or in any trust indenture or mortgage or deed of trust executed as security for the bonds. The state and a sponsoring municipality are not liable for the payment of the principal of or interest on a bond or for the performance of any pledge, mortgage, obligation or agreement that may be undertaken by a district. The breach of any pledge, mortgage, obligation or agreement undertaken by a district does not impose pecuniary liability upon the state or a sponsoring municipality or a charge upon its general credit or against its taxing power.
History:  1993 a. 263.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.53 - State pledge.

229.53
State pledge.
The state pledges to and agrees with the bondholders, and persons that enter into contracts with a district under this subchapter, that the state will not limit or alter the rights and powers vested in a district by this subchapter, including the rights and powers under s. 229.44 (15), before the district has fully met and discharged the bonds, and any interest due on the bonds, and has fully performed its contracts, unless adequate provision is made by law for the protection of the bondholders or those entering into contracts with a district.
History:  1993 a. 263.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.54 - Responsibility to sports and entertainment arena facilities.

229.54
Responsibility to sports and entertainment arena facilities.
(1)
Neither the state, a sponsoring municipality, nor the most populous county in which the sponsoring municipality is located is responsible for equipping, maintaining, operating, improving, and repairing sports and entertainment arena facilities.
(2)
The district is responsible only for equipping, maintaining, operating, improving, and repairing sports and entertainment arena facilities during the initial development and construction of the sports and entertainment arena facilities. If the professional basketball team or its affiliate breaches the non-relocation agreement or lease under s. 229.461, the district is responsible for equipping, maintaining, operating, and repairing sports and entertainment arena facilities during the remainder of the lease, but only from moneys received from the parent company of the professional basketball team, the professional basketball team, or its affiliate resulting from the breach of the non-relocation agreement or lease.
History:  2015 a. 60.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.55 - Trust funds.

229.55
Trust funds.
All moneys received under this subchapter, whether as proceeds from the sale of bonds or from any other source, are trust funds to be held and applied solely as provided in this subchapter. Any officer with whom, or any bank or trust company with which, those moneys are deposited shall act as trustee of those moneys and shall hold and apply the moneys for the purposes of this subchapter, subject to this subchapter and the bond resolution authorizing issuance of the bonds.
History:  1993 a. 263.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.56 - Funding and refunding bonds.

229.56
Funding and refunding bonds.
(1)
A district may issue bonds to fund or refund any outstanding bond, including the payment of any redemption premium on the outstanding bond and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase or maturity.
(2)
A district may apply the proceeds of the bonds issued to fund or refund any outstanding bond to the purchase or retirement at maturity or redemption of the outstanding bond either on its earliest or any subsequent redemption date or upon the purchase or at the maturity of the bond. A district may, pending application, place the proceeds in escrow to be applied to the purchase or retirement at maturity or redemption on any date the board of directors determines.
History:  1993 a. 263.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.57 - Budgets; rates and charges; audit.

229.57
Budgets; rates and charges; audit.
A district shall adopt a calendar year as its fiscal year for accounting purposes. The board of directors shall annually prepare a budget for the district. Rates and other charges received by the district shall be used for the general expenses and capital expenditures of the district and to pay interest, amortization, and retirement charges on bonds. The district shall maintain an accounting system in accordance with generally accepted accounting principles and shall have its financial statements and debt covenants audited annually by an independent certified public accountant.
History:  1993 a. 263.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.64 - Legislative declaration.

229.64
Legislative declaration.
(1)
The legislature determines that the provision of assistance by state agencies to a district under this subchapter, any appropriation of funds to a district under this subchapter and the moral obligation pledge under s. 229.74 (7) serve a statewide public purpose by assisting the development of a professional baseball park in the state for providing recreation, by encouraging economic development and tourism, by reducing unemployment and by bringing needed capital into the state for the benefit and welfare of people throughout the state. The legislature determines that the taxes that may be imposed by a district under subch. V of ch. 77 are special taxes that are generated apart from any direct annual tax on taxable property.
(2)
The legislature determines that a district including a county with a population of more than 600,000 serves a public purpose in that county and all counties that are contiguous to that county by providing recreation, by encouraging economic development and tourism, by reducing unemployment and by bringing needed capital into the multicounty area for the benefit of people in the multicounty area.
History:  1995 a. 56; 2001 a. 16.
1995 Wisconsin Act 56, which created subchapter III of chapter 229, is constitutional. Libertarian Party v. State, 199 Wis. 2d 791, 546 N.W.2d 424 (1996), 95-3114.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.65 - Definitions.

229.65
Definitions.
In this subchapter:
(1)
“Baseball park facilities" means property, tangible or intangible, owned in whole or in substantial part, operated or leased by a district that is principally for professional baseball including parking lots, garages, restaurants, parks, concession facilities, entertainment facilities and transportation facilities, and other functionally related or auxiliary facilities or structures.
(2)
“Bond" means any bond, note or other obligation issued under s. 66.0621 by a district.
(3)
“Bond resolution" means a resolution of the district board authorizing the issuance of, or providing terms and conditions related to, bonds and includes, where appropriate, any trust agreement, trust indenture, indenture of mortgage or deed of trust providing terms and conditions for bonds.
(4)
“Chief executive officer" means the county executive of a county or, if the county does not have a county executive, the chairperson of the county board of supervisors.
(5)
“District" means a special district created under this subchapter.
(6)
“District board" means the governing board of a district.
(7)
“Supermajority" means not less than 60 percent of the members of the district board.
History:  1995 a. 56; 1999 a. 150 s. 672.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.67 - Jurisdiction.

229.67
Jurisdiction.
A district's jurisdiction is any county with a population of more than 600,000 and all counties that are contiguous to that county and that are not already included in a different district. Once created, a district's jurisdiction is fixed even if the population of other counties within the district subsequently exceeds 600,000. Once a county is included in a district's jurisdiction the county remains in the district until the district is dissolved under s. 229.71. In this section, “contiguous" includes a county that touches another county only at a corner.
History:  1995 a. 56; 2001 a. 16.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.682 - Special provisions.

229.682
Special provisions.
(1)
Gifts and donations. The district board shall explore and consider ways to solicit and encourage gifts and donations for the construction of baseball park facilities and, to the extent feasible, implement means to solicit such gifts and donations.
(3)
Special debt payments. The district shall pay, over a 3-year period beginning on October 1, 1996, any outstanding debt used to finance improvements to a baseball stadium that has been used as a home field by a major league professional baseball team in the district, up to a maximum amount of $1,500,000.
(4)
Special ticket provisions. A major league professional baseball team that uses as its home field baseball park facilities that are constructed under this subchapter shall annually designate, for each county that is in the district's jurisdiction, at least one of the team's home games as a discount ticket day for that county, for which residents of that county may purchase discounted admission tickets.
(6)
Use of stadium. The district board shall consider during the design review process the utilization of the facility for events in addition to baseball, which are consistent with the program statement and design for the stadium complex, and do not adversely affect the design, construction schedule or budget.
(7)
Youth sports organizations. A major league professional baseball team that uses as its home field baseball park facilities that are constructed under this subchapter shall make an annual contribution of at least $20,000 to youth sports organizations in this state for the purchase of equipment or the rental or maintenance of athletic facilities that are used by such organizations. The contributions that are required under this subsection may be made in cash or equipment.
(8)
Special rental payments. If a district board enters into a lease agreement with a professional baseball team for the rental of baseball park facilities under this subchapter, the lease agreement shall include all of the following:
(a)
A provision requiring lessees of sky boxes located in the facilities to pay to the team an amount equivalent to the combined sales tax rates in the jurisdictions in which the facilities are located multiplied by the total of all payments for the rental of the sky boxes.
(b)
A provision requiring the team to include amounts received under par. (a) as part of its rental payment to the district.
History:  1995 a. 56; 1999 a. 150 s. 672; 2015 a. 55.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.685 - Special fund tax revenues.

229.685
Special fund tax revenues.
(1)
The district board shall maintain a special fund into which it deposits only the revenue received from the department of revenue, that is derived from the taxes imposed under subch. V of ch. 77, and may use this revenue only for purposes related to baseball park facilities.
(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.
History:  1995 a. 56; 2017 a. 249.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.69 - Powers granted to a city or a county in a district.

229.69
Powers granted to a city or a county in a district.
In addition to any powers that it may otherwise have, a city or a county within a district's jurisdiction may do any of the following:
(1)
Make grants or loans to a district upon terms that the city or county considers appropriate.
(2)
Expend public funds to subsidize a district.
(3)
Borrow money under ss. 67.04 and 67.12 (12) for baseball park facilities or to fund grants, loans or subsidies to a district.
(4)
Grant to the state land or other property, especially dedicated by the grant to use for a professional baseball park.
History:  1995 a. 56.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.71 - Dissolution of a district.

229.71
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 the district is dissolved, the property of the district shall be transferred to the counties in the jurisdiction, based on the tax revenues derived from each county, as determined by the secretary of administration.
History:  1995 a. 56.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.72 - Issuance and negotiability of bonds.

229.72
Issuance and negotiability of bonds.
(1m)
Negotiability. All bonds are negotiable for all purposes, notwithstanding their payment from a limited source.
(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.
(6)
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.
History:  1995 a. 56.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.75 - Bonds not public debt.

229.75
Bonds not public debt.
(1)
The state and each county in the district's jurisdiction are not liable on bonds and the bonds are not a debt of the state or any county in the district. All bonds shall contain a statement to this effect on the face of the bond. A bond issue does not, directly or indirectly or contingently, obligate the state or a political subdivision of the state to levy any tax or make any appropriation for payment of the bonds.
(2)
Nothing in this subchapter authorizes a district to create a debt of the state or a county in the district's jurisdiction, and all bonds issued by a district are payable, and shall state that they are payable, solely from the funds pledged for their payment in accordance with the bond resolution authorizing their issuance or in any trust indenture or mortgage or deed of trust executed as security for the bonds. The state and each county in the district's jurisdiction are not liable for the payment of the principal of or interest on a bond or for the performance of any pledge, mortgage, obligation or agreement that may be undertaken by a district. The breach of any pledge, mortgage, obligation or agreement undertaken by a district does not impose pecuniary liability upon the state or a county in the district's jurisdiction or a charge upon its general credit or against its taxing power.
(3)
Bonds issued by the district shall be secured only by the district's interest in any baseball park facilities, including any interest in a lease with the department of administration under s. 16.82 (7); by income from these facilities; by proceeds of bonds issued by the district and other amounts placed in a special redemption fund and investment earnings on such amounts; and by the taxes imposed by the district under subch. V of ch. 77. The district may not pledge its full faith and credit on the bonds and the bonds are not a liability of the district.
History:  1995 a. 56.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.76 - State pledge.

229.76
State pledge.
The state pledges to and agrees with the bondholders, and persons that enter into contracts with a district under this subchapter, that the state will not limit or alter the rights and powers vested in a district by this subchapter, including the rights and powers under s. 229.68 (15), before the district has fully met and discharged the bonds, and any interest due on the bonds, and has fully performed its contracts, unless adequate provision is made by law for the protection of the bondholders or those entering into contracts with a district.
History:  1995 a. 56.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.77 - Trust funds.

229.77
Trust funds.
All moneys received under this subchapter, whether as proceeds from the sale of bonds or from any other source, are trust funds to be held and applied solely as provided in this subchapter. Any officer with whom, or any bank or trust company with which, those moneys are deposited shall act as trustee of those moneys and shall hold and apply the moneys for the purposes of this subchapter, subject to this subchapter and the bond resolution authorizing issuance of the bonds.
History:  1995 a. 56.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.79 - Budgets; rates and charges; audit.

229.79
Budgets; rates and charges; audit.
A district shall adopt a calendar year as its fiscal year for accounting purposes. The district board shall annually prepare a budget for the district. Rates and other charges received by the district shall be used for the general expenses and capital expenditures of the district and to pay interest, amortization, and retirement charges on bonds. A district shall maintain an accounting system in accordance with generally accepted accounting principles and shall have its financial statements and debt covenants audited annually by an independent certified public accountant.
History:  1995 a. 56.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.81 - Assistance by state agencies.

229.81
Assistance by state agencies.
(1)
Definition. In this section, “state agency" has the meaning given in s. 20.001 (1).
(2)
Assistance with respect to granted land or property. All state agencies may provide assistance to a district if the district has entered into a lease agreement with the department of administration under s. 16.82 (7).
History:  1995 a. 56.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.820 - Legislative declaration.

229.820
Legislative declaration.
(1)
The legislature determines that the provision of assistance by state agencies to a district under this subchapter, any appropriation of funds to a district under this subchapter and the moral obligation pledge under s. 229.830 (7) serve a statewide public purpose by assisting the development of professional football stadium facilities in the state for providing recreation, by encouraging economic development and tourism, by reducing unemployment and by bringing needed capital into the state for the benefit and welfare of people throughout the state. The legislature determines that the taxes that may be imposed by a district under subch. V of ch. 77 are special taxes that are generated apart from any direct annual tax on taxable property.
(2)
The legislature determines that a district serves a public purpose in the district's jurisdiction by providing recreation, by encouraging economic development and tourism, by reducing unemployment and by bringing needed capital into the district's jurisdiction for the benefit of people in the district's jurisdiction.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.821 - Definitions.

229.821
Definitions.
In this subchapter:
(1)
“Bond" means any bond, note, or other obligation issued under s. 66.0621 by a district.
(2)
“Bond resolution" means a resolution of the district board authorizing the issuance of, or providing terms and conditions related to, bonds and includes, where appropriate, any trust agreement, trust indenture, indenture of mortgage or deed of trust providing terms and conditions for bonds.
(3)
“Chief elected official" means the mayor of a city or, if the city is organized under subch. I of ch. 64, the president of the council of that city, the village president of a village, the town board chair of a town or the county executive of a county or, if the county does not have a county executive, the chairperson of the county board of supervisors.
(4)
“District" means a special purpose district created under this subchapter.
(5)
“District board" means the governing board of a district.
(6)
“Football stadium" means a stadium that is principally used as the home stadium of a professional football team described in s. 229.823 at the time that a district is created, or if no home stadium exists at the time that a district is created, “football stadium" means a stadium that includes the site of a proposed home stadium of such a team.
(7)
“Football stadium facilities" means football stadium property, tangible or intangible, including spectator seating of all types, practice facilities, parking lots and structures, garages, restaurants, parks, concession facilities, entertainment facilities, facilities for the display or sale of memorabilia, transportation facilities, and other functionally related or auxiliary facilities or structures.
(8)
“Home stadium" means a stadium approved as provided in s. 229.823.
(9)
“Members-elect" means those members of the governing body of a municipality or county, at a particular time, who have been duly elected or appointed for a current regular or unexpired term and whose service has not terminated by death, resignation or removal from office.
(10)
“Municipality" means a city, village or town.
(11)
“Political subdivision" means a city, village, town or county.
(12)
“Related party" means a corporation or business entity that is owned, controlled or operated by, or under common control with, a professional football team.
History:  1999 a. 167; 2001 a. 38.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.823 - Jurisdiction.

229.823
Jurisdiction.
A district's jurisdiction is any county with a population at the date of the district's creation of more than 150,000 that includes the principal site of a stadium that is home to a professional football team, that is a member of a league of professional football teams that have home stadiums in at least 10 states and a collective average attendance for all league members of at least 40,000 persons per game over the 5 years immediately preceding the year in which a district is created, and that is approved by that league for use as a home stadium for that professional football team. Once created, the district's jurisdiction remains fixed even if population or attendance figures subsequently decline below the minimums described in this section.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.8245 - Limitations on district.

229.8245
Limitations on district.
(1)
The name of a football stadium may not be changed without the written consent of the municipality in which it is located and the professional football team described in s. 229.823.
(2)
The district may not issue bonds under s. 229.824 (8) unless all of the following apply:
(a)
The district has entered into a lease with a professional football team, as described in s. 229.823, under which the team agrees to be the principal tenant of the football stadium for a term of not less than 30 years.
(b)
A professional football team, as described in s. 229.823, certifies to the district that it has applied to the league of professional football teams to which it belongs for approval of a policy that allows a person who paid a onetime license or similar right, as described in s. 77.54 (45), to receive a payment in an amount that is equal to the amount of the license or right from any person who subsequently receives that license or right.
(c)
The district and a professional football team, as described in s. 229.823, enter into an agreement, which may not be amended, under which the team agrees that if the team is sold, if its assets are liquidated or if the team is transferred to a new owner before the certification is made under s. 229.825 (3) (a), the terms of the sale, liquidation or transfer of the team shall require the immediate retirement of all outstanding bonds, including bonds issued to fund or refund those bonds.
(d)
The district and a professional football team, as described in s. 229.823, enter into an agreement under which the team agrees that no engraved tiles or bricks, which may be placed in or around football stadium facilities, may be sold by the team and that engraved tiles or bricks may be sold only by the district, as provided in s. 229.824 (19).
(e)
The district and a professional football team, as described in s. 229.823, enter into an agreement under which $500,000 from the proceeds of fees or other charges under s. 229.824 (13) will be deposited each year into the fund under s. 229.8257. The agreement shall also provide that the deposits shall begin in the 1st year after the year in which the tax is first imposed under s. 77.706, and shall continue until the funding condition set forth in s. 229.825 (2) (d) 2. or (e) 2. is satisfied. The agreement shall also specify that the $500,000 amount may not be reduced in any subsequent agreement between the district and the professional football team.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.8257 - Football stadium facility maintenance and operating cost fund.

229.8257
Football stadium facility maintenance and operating cost fund.
(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.
(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:
(a)
The deposit made pursuant to s. 229.8245 (2) (e) in that year.
(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.
(c)
The revenue received from engraved brick or tile sales under s. 229.824 (19) in that year.
(d)
The revenue received from the department of transportation under s. 85.605 in that year.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.826 - Powers granted to a municipality or county.

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:
(1)
Make grants or loans to a district upon terms that the county or municipality considers appropriate.
(2)
Expend public funds to subsidize a district.
(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.
(4)
Lease or transfer property to a district upon terms that the county or municipality considers appropriate.
(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.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.827 - Contracting.

229.827
Contracting.
(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.
(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).
(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.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.828 - Dissolution of a district.

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.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.829 - Issuance and negotiability of bonds.

229.829
Issuance and negotiability of bonds.
(1)
Negotiability. All bonds are negotiable for all purposes, notwithstanding their payment from a limited source.
(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.
(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.
(4)
Limit on bonds.
(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:
1.
To pay issuance costs of the bonds.
2.
To pay any original issue discount.
3.
To make a deposit into a debt service reserve fund.
4.
To pay costs of credit enhancement.
(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.
(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).
(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.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.831 - Bonds not public debt.

229.831
Bonds not public debt.
(1)
The state and the county and municipalities located wholly or partly within the district's jurisdiction are not liable on bonds and the bonds are not a debt of the state or the county or any municipality located wholly or partly within the district. All bonds shall contain a statement to this effect on the face of the bond. A bond issue does not, directly or indirectly or contingently, obligate the state or a political subdivision of the state to levy any tax or make any appropriation for payment of the bonds.
(2)
Nothing in this subchapter authorizes a district to create a debt of the state or the county or any municipality located wholly or partly within the district's jurisdiction, and all bonds issued by a district are payable, and shall state that they are payable, solely from the funds pledged for their payment in accordance with the bond resolution authorizing their issuance or in any trust indenture or mortgage or deed of trust executed as security for the bonds. Neither the state nor the county or any such municipality is liable for the payment of the principal of or interest on a bond or for the performance of any pledge, mortgage, obligation or agreement that may be undertaken by a district. The breach of any pledge, mortgage, obligation or agreement undertaken by a district does not impose pecuniary liability upon the state or the county or any such municipality in the district's jurisdiction or a charge upon its general credit or against its taxing power.
(3)
Bonds issued by the district may be secured only by the district's interest in any football stadium facilities, by income from these facilities, by proceeds of bonds issued by the district and by other amounts placed in a special redemption fund and investment earnings on such amounts, including any taxes imposed by the district under subch. V of ch. 77. The district may not pledge its full faith and credit on the bonds and the bonds are not a general obligation liability of the district.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.832 - State pledge.

229.832
State pledge.
The state pledges to and agrees with the bondholders, and persons that enter into contracts with a district under this subchapter, that the state will not limit or alter the rights and powers vested in a district by this subchapter, including the rights and powers under s. 229.824 (15), before the district has fully met and discharged the bonds, and any interest due on the bonds, and has fully performed its contracts, unless adequate provision is made by law for the protection of the bondholders or those entering into contracts with a district.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.833 - Trust funds.

229.833
Trust funds.
All moneys received under this subchapter, whether as proceeds from the sale of bonds or from any other source, are trust funds to be held and applied solely as provided in this subchapter. Any officer with whom, or any bank or trust company with which, those moneys are deposited shall act as trustee of those moneys and shall hold and apply the moneys for the purposes of this subchapter, subject to this subchapter and the bond resolution authorizing issuance of the bonds.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.834 - Budgets; rates and charges; audit.

229.834
Budgets; rates and charges; audit.
A district shall adopt a calendar year as its fiscal year for accounting purposes. The district board shall annually prepare a budget for the district. Rates and other charges received by the district shall be used for the general expenses and capital expenditures of the district and to pay interest, amortization, and retirement charges on bonds. A district shall maintain an accounting system in accordance with generally accepted accounting principles and shall have its financial statements and debt covenants audited annually by an independent certified public accountant.
History:  1999 a. 167.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.840 - Legislative declaration.

229.840
Legislative declaration.
(1)
The legislature determines that this subchapter serves a statewide public purpose by assisting the development of cultural arts facilities in the state, which provide educational and recreational opportunities for Wisconsin residents, by enhancing the appreciation of the arts among the states' residents, by encouraging economic development and tourism, by reducing unemployment and by bringing needed capital into the state for the benefit and welfare of people throughout the state.
(2)
The legislature determines that cultural arts districts in populous cities serve a public purpose in those cities by providing educational and recreational opportunities for residents of those cities, by enhancing the appreciation of the arts among the residents of those cities, by encouraging economic development and tourism, by reducing unemployment and by bringing needed capital into those cities for the benefit and welfare of people in those cities.
History:  1999 a. 65.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.841 - Definitions.

229.841
Definitions.
In this subchapter:
(1)
“Bond" means any bond, note or other obligation issued under s. 66.0621 by a district.
(2)
“Bond resolution" means a resolution of the district board authorizing the issuance of, or providing terms and conditions related to, bonds and includes, where appropriate, any trust agreement, trust indenture, indenture of mortgage or deed of trust providing terms and conditions for bonds.
(3)
“County executive" means the county executive or, if the county does not have a county executive, the chairperson of the county board of supervisors, of the county in which the sponsoring city is located. If a sponsoring city is located in more than one county, the city shall be considered to be located solely in the county in which the greatest percentage of its territory is located at the time a district is created.
(4)
“Cultural arts activity" means any performance, program, concert, exhibit, show, broadcast or other activity with any artistic or cultural significance, or any related or incidental activity.
(5)
“Cultural arts facilities" means district property, tangible or intangible, owned in whole or in part, operated or leased by a district that is principally for a cultural arts activity including auditoriums, music halls, exhibit halls, theaters, practice facilities, dressing rooms, parking lots, garages, restaurants, concession facilities, entertainment facilities, transportation facilities and other functionally related or auxiliary facilities or structures.
(6)
“District" means a district created under this subchapter.
(7)
“District board" means the governing board of a district.
(8)
“Mayor" means the mayor of a sponsoring city.
(9)
“Populous city" means any city with a population of more than 150,000.
(10)
“Sponsoring city" means a populous city that creates a district under this subchapter.
History:  1999 a. 65, 186.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.843 - Jurisdiction.

229.843
Jurisdiction.
(1)
Except as provided under s. 229.844 (4) (c), a district's jurisdiction shall be the boundaries of the sponsoring city.
(2)
A district's jurisdiction and powers remain in effect even if the sponsoring city, after the creation of the district, is no longer a populous city.
History:  1999 a. 65.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.845 - Minority contracting goals; disabled veteran-owned business contracting goals.

229.845
Minority contracting goals; disabled veteran-owned business contracting goals.
(1)
In this section:
(ag)
“Disabled veteran-owned business" means a business certified by the department of administration under s. 16.283 (3).
(am)
“Minority business" has the meaning given in s. 16.287 (1) (e).
(b)
“Women's business" means a sole proprietorship, partnership, joint venture, limited liability company or corporation that is at least 51 percent owned, controlled and actively managed by women.
(2)
It shall be a goal of the district, in awarding construction work and professional services contracts related to cultural arts facilities, that at least 15 percent of the aggregate dollar value of such contracts awarded by the district shall be awarded to minority businesses, at least 1 percent of the aggregate dollar value of such contracts awarded by the district shall be awarded to disabled veteran-owned businesses, and at least 5 percent of the aggregate dollar value of such contracts awarded by the district shall be awarded to women's businesses, except that if the sponsoring city is a 1st class city, it shall be a goal of the district, in awarding construction work and professional services contracts related to cultural arts facilities, that at least 25 percent of the aggregate dollar value of such contracts awarded by the district shall be awarded to minority businesses, at least 1 percent of the aggregate dollar value of such contracts awarded by the district shall be awarded to disabled veteran-owned businesses, and at least 5 percent of the aggregate dollar value of such contracts awarded by the district shall be awarded to women's businesses.
History:  1999 a. 65; 2009 a. 299; 2011 a. 32; 2011 a. 260 s. 80; 2013 a. 192.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.846 - Powers granted to a sponsoring city.

229.846
Powers granted to a sponsoring city.
In addition to any powers that it may otherwise have, a sponsoring city may do any of the following:
(1)
Make grants, gifts or loans of any kind of property, or provide any other form of assistance, to a district upon terms that the sponsoring city considers appropriate.
(2)
Expend public funds to subsidize a district.
(3)
Borrow money under ss. 67.04 and 67.12 (12) for cultural arts facilities or to fund grants, loans or subsidies to a district.
(4)
Audit the financial records of a district. The sponsoring city may conduct the audit itself or may contract for the audit to be performed by any other person.
(5)
Fix and collect a sum to be paid annually, in lieu of property taxes, by the district except that the sum may not exceed the amount that would be levied by the city as a property tax on the property that is exempted under s. 70.11 (40).
(6)
If the district's sponsoring city is not a 1st class city, enact an ordinance or adopt a resolution that expands or contracts the area within the district's jurisdiction in which the district board may exercise its power of eminent domain, except that a sponsoring city may not remove from that area any property that was included in the resolution under s. 229.842 (1) (c).
History:  1999 a. 65.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.847 - Dissolution of a district.

229.847
Dissolution of a district.
Subject to providing for the payment of its bonds or other debts that it has incurred, including interest on the bonds or other debts, and the performance of its other contractual obligations, a district may be dissolved by one of the following methods:
(1)
By a law enacted by this state.
(2)
If the sponsoring city is not a 1st class city, by the unanimous action of the district board.
(3)
If the sponsoring city is a 1st class city, by any means described in the initial resolution under which the 1st class city created the district.
History:  1999 a. 65.
2023 Wisconsin Statutes & Annotations › Chapter 229 - Public institutions. › 229.848 - Transfers; transfer agreements.

229.848
Transfers; transfer agreements.
(1)
If a district is dissolved under s. 229.847, the property of the district shall be transferred either to the sponsoring city or to an entity described either in section 170 (c) (1) or in both sections 170 (c) (2) and 501 (c) (3) of the Internal Revenue Code. If the sponsoring city is a 1st class city, the specific entity to which the district's property shall be transferred upon dissolution shall be specified in the initial resolution under which the 1st class city created the district. If the sponsoring city is not a 1st class city, the district board shall determine the entity to which the district's property shall be transferred upon dissolution.
(2)
A sponsoring city and a district board may enter into a transfer agreement to provide the terms and conditions upon which the sponsoring city or the district board may transfer any interests in an existing or proposed cultural arts facility, or any other property interests owned by either party, to the other party to the agreement. A transfer may take the form of a sale, lease, or other conveyance and may be with or without financial consideration.
History:  1999 a. 65.