SB572: Bill Text

SB572,,30 5. Each municipality shall be responsible, as described under sub. (4), for imposing, collecting, and depositing special assessments for those parts of the district’s property that are located within its own jurisdiction, and for depositing all other appropriations or other moneys received by the municipality, as described under sub. (4), that relate to property that is located within its own jurisdiction. Funds collected by each municipality that is a part of the district shall be deposited by that municipality into a segregated account at a financial institution of the municipality’s choice.

SB572,,31 6. A multijurisdictional business improvement district may not be converted into a neighborhood improvement district under sub. (4g).

SB572,7 Section 7. 66.1110 (3) (c) of the statutes is amended to read:

SB572,,33 66.1110 (3) (c) At least 30 days before creation of the neighborhood improvement district and adoption of its initial operating plan by the municipality, the planning commission has held a public hearing on its proposed neighborhood improvement district and initial operating plan. Notice of the hearing shall be published as a class 2 notice under ch. 985. Before publication, a copy of the notice, together with a copy of the proposed initial operating plan and a copy of a detail map showing the boundaries of the proposed neighborhood improvement district, shall be sent by certified 1st class mail to all owners of real property within the proposed neighborhood improvement district. The notice shall state the boundaries of the proposed neighborhood improvement district and shall indicate that copies of the proposed initial operating plan are available from the planning commission on request.

SB572,8 Section 8. 66.1110 (3) (e) of the statutes is amended to read:

SB572,,35 66.1110 (3) (e) The local legislative body has voted to adopt the proposed initial operating plan for the neighborhood improvement district. The local legislative body shall publish a class 2 notice under ch. 985 regarding the meeting at which the local legislative body will vote on whether to adopt the proposed initial operating plan for the neighborhood improvement district. Before publication, a copy of the notice shall be sent by certified 1st class mail to all owners of real property within the proposed neighborhood improvement district.

SB572,9 Section 9. 66.1110 (4) (c) of the statutes is renumbered 66.1110 (4) (c) (intro.) and amended to read:

SB572,,37 66.1110 (4) (c) (intro.) The board shall prepare and make available to the public annual reports describing the current status of the neighborhood improvement district, including expenditures and revenues. The report shall include an independent certified audit of the implementation of the operating plan obtained by the municipality. The municipality shall obtain an additional independent certified audit upon termination of the neighborhood improvement district. any of the following:

SB572,10 Section 10. 66.1110 (4) (c) 1. of the statutes is created to read:

SB572,,39 66.1110 (4) (c) 1. If the cash balance in the segregated account described under sub. (5) equaled or exceeded $300,000 at any time during the period covered by the report, the municipality shall obtain an independent certified audit of the implementation of the operating plan.

SB572,11 Section 11. 66.1110 (4) (c) 2. of the statutes is created to read:

SB572,,41 66.1110 (4) (c) 2. If the cash balance in the segregated account described under sub. (5) was less than $300,000 at all times during the period covered by the report, the municipality shall obtain a reviewed financial statement for the most recently completed fiscal year. The statement shall be prepared in accordance with generally accepted accounting principles and include a review of the financial statement by an independent certified public accountant.

SB572,12 Section 12. 66.1110 (4) (cg) of the statutes is created to read:

SB572,,43 66.1110 (4) (cg) For calendar years beginning after December 31, 2023, the dollar amount at which a municipality is required to obtain an independent certified audit under par. (c) 1. and the dollar amount at which a municipality is required to obtain a reviewed financial statement under par. (c) 2. shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August 2022, as determined by the federal department of labor. Each amount that is revised under this paragraph shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10.

SB572,13 Section 13. 66.1110 (4) (cr) of the statutes is created to read:

SB572,,45 66.1110 (4) (cr) The municipality shall obtain an additional independent certified audit of the implementation of the operating plan upon termination of the neighborhood improvement district.

SB572,14 Section 14. 66.1110 (4) (e) of the statutes is created to read:

SB572,,47 66.1110 (4) (e) With regard to any 1st class mailings that are required to be sent under this section:

SB572,,48 1. The mailings shall be sent by the municipality itself or by a mailing house service selected by the municipality.

SB572,,49 2. The municipality may fulfill any notification requirements by sending only one notice to any person who owns multiple properties within the neighborhood improvement district. The notice shall list all affected properties or parcels owned by the person.

SB572,,50 3. The municipality shall ensure that a statement appears on the face of the envelope indicating that the correspondence is official neighborhood improvement district business.

SB572,15 Section 15. 66.1110 (4m) (c) of the statutes is amended to read:

SB572,,52 66.1110 (4m) (c) At least 30 days before annexation, the planning commission has held a public hearing on the proposed annexation. Notice of the hearing shall be published as a class 2 notice under ch. 985. Before publication, a copy of the notice, together with a copy of a detail map showing the boundaries of the territory proposed to be annexed to the neighborhood improvement district, shall be sent by certified 1st class mail to all owners of real property within the territory proposed to be annexed. The notice shall state the boundaries of the territory proposed to be annexed.

SB572,16 Section 16. 66.1110 (5) of the statutes is amended to read:

SB572,,54 66.1110 (5) All special assessments received from a neighborhood improvement district and all other appropriations by the municipality or other moneys received for the benefit of the neighborhood improvement district shall be placed in a segregated account in the municipal treasury. No disbursements from the account may be made except to reimburse the municipality for appropriations other than special assessments, to pay the costs of audits and reviewed financial statements required under sub. (4) (c) or on order of the board for the purpose of implementing the operating plan. On termination of the neighborhood improvement district by the municipality, all moneys collected by special assessment remaining in the account shall be disbursed to the owners of specially assessed property in the neighborhood improvement district, in the same proportion as the last collected special assessment.

SB572,17 Section 17. 66.1110 (6) (b) 3. of the statutes is amended to read:

SB572,,56 66.1110 (6) (b) 3. Within 30 days after the filing of a petition under par. (a) 1. or 2., the planning commission shall hold a public hearing on the proposed termination. Within 30 days after the deadline for filing a petition under par. (a) 3. passes, the planning commission shall hold a public hearing on the proposed termination. Notice of the hearing shall be published as a class 2 notice under ch. 985. Before publication, a copy of the notice, together with a copy of a detail map showing the boundaries of the neighborhood improvement district, shall be sent by certified 1st class mail to all owners of real property within the neighborhood improvement district. The notice shall state the boundaries of the neighborhood improvement district and shall indicate that copies of the operating plan are available from the planning commission on request and are posted in the building in which the municipality’s governing body regularly holds its meetings.

SB572,18 Section 18. Initial applicability.

SB572,,58 (1) With regard to notices that are required to be sent, this act first applies to notices that are sent on the effective date of this subsection.

SB572,,59 (end)