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LRBa1241/1
JK:cdc
2021 - 2022 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO ASSEMBLY BILL 914
February 7, 2022 - Offered by Representative Kitchens.
AB914-AA1,1,11 At the locations indicated, amend the bill as follows:
AB914-AA1,1,2 21. Page 2, line 4: after that line insert:
AB914-AA1,1,3 3 Section 1m. 60.23 (32) (b) 6. of the statutes is created to read:
AB914-AA1,1,54 60.23 (32) (b) 6. The town of Gibraltor may create a tax incremental district
5under subd. 2. only if all of the following conditions apply:
AB914-AA1,1,66 a. The district terminates no later than September 30, 2032.
AB914-AA1,1,87 b. The developer's agreement includes a letter of credit that guarantees
8repayment of the debt service on the project costs.”.
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