Amendment SA1-SB907

LRBa1438/1

JK:cdc

2021 - 2022 LEGISLATURE

SENATE AMENDMENT 1, TO SENATE BILL 907

March 1, 2022 - Offered by Senator Jacque.

SB907-SA1,1,1 At the locations indicated, amend the bill as follows:

SB907-SA1,1,2 1. Page 2, line 4: after that line insert:

SB907-SA1,1,3 “ Section 1m. 60.23 (32) (b) 6. of the statutes is created to read:

SB907-SA1,1,5 60.23 (32) (b) 6. The town of Gibraltor may create a tax incremental district under subd. 2. only if all of the following conditions apply:

SB907-SA1,1,6 a. The district terminates no later than September 30, 2032.

SB907-SA1,1,8 b. The developer's agreement includes a letter of credit that guarantees repayment of the debt service on the project costs.”.

SB907-SA1,1,9 (End)