AB216: Bill Text

AB216,1 Section 1. 16.967 (7) (am) 2. of the statutes is amended to read:

AB216,2,6 16.967 (7) (am) 2. The minimum amount of a grant under this paragraph is determined by subtracting the amount of fees that the county retained under s. 59.72 (5) (b) in the preceding fiscal year from $100,000 $175,000. The department is not required to award a grant to a county that retained at least $100,000 $175,000 in fees under s. 59.72 (5) (b) in the preceding fiscal year.

AB216,2 Section 2. 16.967 (7) (b) of the statutes is amended to read:

AB216,3,4 16.967 (7) (b) In addition to any other grant received awarded under this subsection, the department may award a grant to any county in an amount not less than $1,000 $5,000 per year to be used for the training and education of county employees for the design, development, and implementation of a land information system.

AB216,3 Section 3. 16.967 (7) (c) of the statutes is created to read:

AB216,3,11 16.967 (7) (c) In addition to any other grant awarded under this subsection, the department shall award local government contribution based grants to counties, for the purposes specified under par. (am), to fully distribute 46 percent of the amounts received by the department under s. 77.24 (2) (b) in each fiscal year. The department shall determine the amount of a grant awarded to a county as follows:

AB216,3,13 1. Determine the total amount of moneys received by the department under s. 77.24 (2) (b) in the preceding fiscal year.

AB216,3,15 2. Determine the total amount of moneys received by the department under s. 77.24 (2) (b) in the preceding fiscal year that were collected by the county.

AB216,3,17 3. Divide the amount determined under subd. 2. by the amount determined under subd. 1.

AB216,3,18 4. Multiply the amount determined under subd. 1. by 46 percent.

AB216,3,19 5. Multiply the quotient under subd. 3. by the product under subd. 4.

AB216,4 Section 4. 20.505 (1) (uc) of the statutes is amended to read:

AB216,3,24 20.505 (1) (uc) Land information program; local aids. From the land information fund, all moneys received by the department under s. ss. 59.72 (5) (a) and 77.24 (2) (b), except moneys appropriated under par. (ub), for aids to counties under s. 16.967 (7).

AB216,5 Section 5. 25.55 of the statutes is amended to read:

AB216,4,4 25.55 Land information fund. There is created a separate nonlapsible trust fund designated as the land information fund, consisting of moneys received under s. ss. 59.72 (5) (a) and 77.24 (2) (b).

AB216,6 Section 6. 59.43 (13) of the statutes is created to read:

AB216,4,13 59.43 (13) Real property recording notification system. A county that retains moneys under s. 77.24 shall establish a real property recording notification system to be administered by the register of deeds. Upon application by a person, the system shall monitor publicly recorded real property records for activity and changes related to properties owned by a specific person or a specific property, and, upon the recording of a new document against a monitored property, notify the applicant. No fee may be charged to an applicant for application, monitoring, or notification under a system established under this subsection.

AB216,7 Section 7. 77.22 (1) of the statutes is amended to read:

AB216,5,9 77.22 (1) There is imposed on the grantor of real estate a real estate transfer fee at the rate of 30 20 cents for each $100 of value or fraction thereof on every conveyance not exempted or excluded under this subchapter. In regard to land contracts, the value is the total principal amount that the buyer agrees to pay the seller for the real estate. This fee shall be collected by the register at the time the instrument of conveyance is submitted for recording. Except as provided in s. 77.255, at the time of submission the grantee or his or her duly authorized agent or other person acquiring an ownership interest under the instrument, or the judgment creditor in the case of a foreclosure under s. 846.16, shall execute a return, signed by both grantor and grantee, on the form prescribed under sub. (2). The register shall enter the fee paid on the face of the deed or other instrument of conveyance before recording, and, except as provided in s. 77.255, submission of a completed real estate transfer return and collection by the register of the fee shall be prerequisites to acceptance of the conveyance for recording. The register shall have no duty to determine either the correct value of the real estate transferred or the validity of any exemption or exclusion claimed. If the transfer is not subject to a fee as provided in this subchapter, the reason for exemption shall be stated on the face of the conveyance to be recorded by reference to the proper subsection under s. 77.25.

AB216,8 Section 8. 77.24 of the statutes is renumbered 77.24 (1) and amended to read:

AB216,5,14 77.24 (1) Twenty Fifty percent of all fees collected under this subchapter shall be retained by the county and the balance shall be transmitted to the state as provided in sub. (2).

AB216,5,18 (3) Remittances shall be made monthly by the county treasurers to the department of revenue by the 15th day of the month following the close of the month in which the fee was collected. The remittance to the department shall be accompanied by the returns executed under s. 77.22.

AB216,9 Section 9. 77.24 (2) of the statutes is created to read:

AB216,5,21 77.24 (2) (a) Thirty percent of all fees collected under this subchapter shall be deposited into the general fund.

AB216,5,23 (b) Twenty percent of all fees collected under this subchapter shall be deposited into the land information fund.

AB216,10 Section 10. Initial applicability.

AB216,6,3 (1) This act first applies to conveyances filed on the effective date of this subsection.

AB216,11 Section 11. Effective date.

AB216,6,5 (1) This act takes effect on the 30th day after the day of publication.

AB216,6,6 (end)