LRB-6106/1
KRP:cdc
2021 - 2022 LEGISLATURE
March 9, 2022 - Introduced by Senator Smith. Referred to Committee on Natural
Resources and Energy.
SB1084,1,3
1An Act to create 709.03 (form) F20m. and 709.033 (form) E22m. of the statutes;
2relating to: disclosure of contracts for frac sand mining on neighboring
3properties.
Analysis by the Legislative Reference Bureau
Under current law, with certain exceptions, an owner selling residential real
property or vacant land must give a prospective buyer a form, known as a real estate
condition report for residential real property and known as the vacant land
disclosure report for vacant land (real estate condition report), on which the owner
discloses certain conditions of, and other information about, the real property of
which the owner is aware. This bill requires an owner to also disclose on the
applicable real estate condition report whether the owner has notice or knowledge
of a contract, or an option to contract, that allows a person to mine frac sand on a
neighboring property.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB1084,1
4Section 1
. 709.03 (form) F20m. of the statutes is created to read:
SB1084,2
9Section 2
. 709.033 (form) E22m. of the statutes is created to read:
SB1084,3
28Section 3
.
Nonstatutory provisions.
SB1084,2,3329
(1) Notwithstanding s. 709.035, the treatment of ss. 709.03 (form) F20m. and
30709.033 (form) E22m. does not require a property owner that has furnished to a
31prospective buyer of the property an original or amended report before the effective
32date of this subsection to submit an amended report with respect to the information
33required by ss. 709.03 (form) F20m. and 709.033 (form) E22m.
SB1084,4
34Section 4
.
Initial applicability.
SB1084,2,3635
(1) This act first applies to a report that is furnished on the effective date of this
36subsection.
SB1084,2,3938
(1)
This act takes effect on the first day of the 7th month beginning after
39publication.
